Top Indian Automobile Industry News & Updates - 28 April 2023,Friday

🏢 Industry

📝  Zingbus launches shared intercity electric cabs
📝  Tesla Power USA ties up with IOCL for battery sales in India
📝  India most promising growth driver for Citroen: CEO Koskas
📝  Govt releases standard operating procedure under PLI scheme for automobile sector
📝  Unveiling of FAME 3 scheme hinges on unspent scheme funds by FY24 end
📝  India to play a key role for Citroen: CEO
📝  Call on FAME III if funds left after FAME II lapses: Official
📝   Upcoming cars set to arrive in May, Maruti Suzuki Jimny, BMW M2 and more.
📝  Niche batteries for electric future may get ₹3k cr sops
📝  Sajjan Jindal-led JSW Group denies picking up stake in MG Motors, BYD Group
Read More >>

🎤 Interviews & Features

📝  More models, network expansion key strategy to lift volumes in India: Thierry Koskas, Citroën CEO
📝  MG Comet vs Maruti Suzuki Swift: Petrol or EV, which one to pick?
📝  We expect an improvement in chip situation from second quarter onwards: RC Bhargava, Maruti Suzuki
📝  Citroen C3 Aircross SUV: Top five things to know about this Creta rival
📝  There’s a case for small electric cars on Indian streets
Read More >>

🚗 Cars / SUVs

📝  Citroën reveals made-for-India C3 Aircross
📝  Maruti Suzuki to set up new plant with 10 lakh capacity, to launch Toyota-based 3-row strong hybrid in 2 months
📝  Maruti earnings may rise on better product mix, market share gain
📝  Maruti zips past a big milestone, but will it regain its lost mojo?
📝  Hyundai Ioniq 5 EV deliveries begin in India: Priced from Rs 45.95 lakh
📝  Volkswagen India inaugurates new dealership in Perumbavoor
📝  Maruti Suzuki looking at electric and hybrids driving future growth
📝  Meet RC Bhargava, IAS topper, Maruti Suzuki's 3rd worker who quit civil services due to Rs 2250 salary
📝  CNG models make up a third of Maruti Suzuki’s total pending order book
📝  Maruti sees chip hurdle continue in Q1
Read More >>

Electric-Cars / SUVs

📝  MG Comet Review: Here’s why you should NOT buy this zippy little electric car
📝  MG Comet EV: A harbinger of urban mobility?
📝  The comedy on Comet turns bitter
📝  MG Comet EV first drive review: Tiny car with twinkling dreams
📝  Clash of small EVs looms as MG Comet takes battle to Tiago camp
📝  Back MG Comet EV vs Tata Tiago EV: Comparison between affordable EVs in India
Read More >>

🚗 Luxury Cars

📝  BMW India discontinues these variants of 5 Series sedan, offers two new options
📝  Audi India opens new 3S facility in Raipur, Chhattisgarh
📝  2023 Porsche Cayenne facelift prices announced for India
Read More >>

⛟ Commercial Vehicles

📝  KSH Distriparks invests in 40 new trailers to strengthen its fleet
📝  Daimler registers 37% revenue growth in CY 2022
Read More >>

🏍 2/3 Wheelers

📝  Honda Shine 100 vs Hero Splendor Plus vs Bajaj Platina: Price, specs comparison
📝  Made-in-India RE Hunter 350 launched in the US at double the price: Details
📝  Bajaj Auto gains 3%, hits new peak post Q4 nos on healthy growth prospects
Read More >>

🚲 Electric 2/3 Wheelers

📝  Matter partners with Flipkart for Aera e-bike pre-booking
📝  Komaki Ranger electric cruiser gets updates for 2023
📝  Electric 2-wheeler players take on heavy industries dept on FAME 2
Read More >>

🌇 Allied Industries

📝  RACEnergy clears AIS-156 Phase 2 certification for swappable batteries in India
📝  Tyre sector revenue to grow 7-9% in FY24 with better replacement demand: ICRA
📝  TVS Supply Chain Solutions reduces IPO size
📝  Mobileye cuts revenue forecast on slow China EV demand, shares sink
📝  KPIT Tech net income grows 41.5% to INR 111 cr in March qtr
📝  TSMC aims to get newest chip technology into cars faster
📝  Lists of documents for driving licence expanded
📝  Taparia Tools launches Cut-off Wheels
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Himachal govt, Oil India sign MoU to harness renewable energy sources
📝  CPCL profit zooms to ₹3,534 crore in FY23
📝  Oil slips below $78, but reduction in domestic pump prices unlikely soon
Read More >>

💸 Finance & Insurance

📝  Analysts divided over Bajaj Finance despite strong Q4
📝  Shriram Finance Q4 PAT up 21% y-o-y, falls 26% q-o-q on merger integration
📝  Bajaj Finserv Q4 profit rises by 31% to Rs 1,769cr
📝  Why are motor insurance premiums for electric vehicles generally higher? An explainer
Read More >>

📖 Magazines News

📝  Next-gen Skoda Superb, Kodiaq teased; global debut later this year
📝  Citroen C3 Aircross makes global debut; India launch in late 2023
📝  Maruti Suzuki confirms premium MPV; launch by July 2023
📝  Harley-Davidson CVO Street Glide, CVO Road Glide unveiled
📝  Royal Enfield Himalayan 450 inches closer to launch
📝  Royal Enfield 350cc single-seat bobber spied with whitewall tyres
📝  MG Comet EV India review: Box of Tricks
Read More >>

📰 International News

📝  Toyota edges past 9.1 mn vehicle output goal, warns chip shortage lingering
📝  Elon, or deepfake? Musk must face questions on Autopilot statements
📝  Global connected car sales grew 12% in 2022, Volkswagen leads: Report
📝  Continental extends term of Nikolai Setzer as CEO, appoints new board member for automotive group sector
📝  Hertz profit falls on higher vehicle maintenance costs
📝  Continental, Aurora to jointly develop self-driving systems for trucks
📝  Caterpillar's Q1 profit rises on resilient demand, higher prices
📝  Chinese EV giant BYD's first-quarter profit jumps fivefold
📝  French tyre maker Michelin confirms 2023 guidance after Q1 sales rise
📝  Hyundai Motor to exit Russia, selling its plants - media report
📝  Shift to electric cars gives design centers a new look, too
📝  Volvo Cars plans cost cuts as first-quarter profit drops
📝  U.S. Senate votes to overturn heavy duty truck emissions rules
📝  Norsk Hydro to supply Porsche with low-carbon aluminium
📝  Toyota supplier Denso posts 86% rise in Q4 profit
📝  Mercedes-Benz exits Russian market with buyback option
📝  Ford Bronco, Ranger recalled after wheel falls off due to loose lug nut
📝  Lamborghini Revuelto's plug-in hybrid powertrain can spit fire, shows video
📝  Land Rover Defender 130 is a long 5-seater with V8!
📝  Valeo Q1 2023 sales up 15 percent to Rs 50,000 cr
📝  Honda CEO says Chinese electric car makers are well ahead, vows to fight back
📝  German lithium-sulfur battery startup Theion appoints Martin Schaupp as CTO and Matthias Fengler as CFO
📝  EVs are technically superior to e-fuel combustion cars, says Mercedes-Benz
📝  Bosch to buy TSI Semiconductors, invest $1.5 billion to expand US output
📝  Harley earnings beat despite tepid North American retail sales
📝  UK car production rises 6.1% in March - industry body
Read More >>


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