Top Indian Automobile Industry News & Updates - 03 Aug 2023,Thursday
🏢 Industry
📝 ED seizes INR 25 crore worth of cash, jewellery after raids on Hero MotoCorp's Munjal
📝 Tesla leases office in Pune’s Viman Nagar amid India foray talks
📝 Chinese carmaker BYD faces Indian tax investigation: Sources
📝 Tesla's Chinese vendors may get to Make in India
📝 PV sales in July 2023 witness flat growth for most, UVs see a jump in sales
📝 Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery
📝 Cabinet approves PLI scheme worth Rs 1.97 trillion for 14 sectors
📝 Vishal Sharma Joins Magenta Mobility as National Head: Asset
📝 How India can unlock the potential of Green Hydrogen - A cost, technology and policy perspective
📝 Bihar announces amnesty scheme for vehicle owners
📝 Many companies fail to make required investments under auto PLI plan
📝 FAME may get subsumed into PLI
📝 Govt may mandate 20% recycled materials in auto manufacturing from 2026-27
📝 Yamuna Expressway authority plans footwear, plastic, handloom, EV industrial parks in Sector 10
📝 Auto sales growth witnesses slowdown in July 2023
📝 India asks Tesla to copy Apple in pairing Chinese, Indian suppliers -sources
📝 Hindustan Motors Q1 Results: Profit declines to ₹10 crore YoY
📝 M&M Q1 Preview: Robust auto show to drive revenue growth up to 24% YoY
📝 Stock levels in automobile industry peak in July
📝 ED raids residence of Hero Motocorp chairman Pawan Munjal in foreign currency-related case
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🎤 Interviews & Features
📝 Enhancing sustainability in India’s logistics sector: A path to economic growth and environmental responsibility
📝 Honda Elevate first-drive review: Late to the fight but worth the wait?
📝 Honda Elevate first drive review: Honda badge will elevate the Elevate
📝 Tesla won't fall far from the Apple tree
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🚗 Cars / SUVs
📝 Tata Punch CNG pre-bookings begin at select dealerships ahead of launch
📝 Toyota Kirloskar Motor (TKM) increases Innova Crysta price in India for select variants
📝 Honda sells 4,864 cars in July 2023: Elevate SUV’s launch in September
📝 Maruti Suzuki Alto crosses 45-lakh mark
📝 Citroen C3 Aircross to mount challenge to Creta, Seltos. Five unique highlights
📝 Maruti drives auto pack in July
📝 Volkswagen will never compromise with vehicle safety just to lower prices: Ashish Gupta
📝 What Maruti Suzuki's acquisition of the SMG plant means for minority shareholders
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Electric-Cars / SUVs
📝 New European Union rule mandates EV fast chargers every 60 km on the highway
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🚗 Luxury Cars
📝 Lamborghini Revuelto India launch in December: What can we expect
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⛟ Commercial Vehicles
📝 AMW Motors admitted for insolvency as Triton fails to implement revival plan
📝 Mahindra Thar Electric concept likely to be unveiled on August 15
📝 Bosch successfully tests hydrogen-powered truck; to be showcased in early 2024
📝 JBM Auto Q1FY24 PAT up 18.18% to INR 30.17 cr
📝 HVS unfolds 5-point plan for faster transition to hydrogen heavy goods vehicles
📝 RIL gears up to produce green hydrogen in two years
📝 Commercial vehicle sales flat in July on seasonal demand; heavy-duty trucks buck the trend
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🏗 Construction & Agri Machinery
📝 Escorts Kubota reports highest-ever standalone profit of Rs 283 crore in Q1 FY2024
📝 Mahindra sells 24,168 tractors in July, up 11%
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🏍 2/3 Wheelers
📝 Harley-Davidson X440 to be priced at INR 2,39,500 from Friday
📝 TVS Motor sells 3.25 lakh two-wheelers in July 2023: iQube records healthy growth
📝 Suzuki India registers 41.5% growth in July, records highest-ever sales
📝 Hero MotoCorp reports 12% dip in total sales in July at 3.91 lakh units
📝 Upcoming bikes, scooters in India in August 2023: New-gen Bullet to Karizma XMR
📝 Royal Enfield’s sales rise 32% in July amidst new rivals from Harley, Triumph
📝 TVS Motor in pact with Paisalo Digital for 3-wheeler financing
📝 Honda Motorcycle & Scooter India sales decline 24% in July 2023
📝 How to check your motorcycle's engine oil level: Tips and step-by-step guide
📝 Hero MotoCorp shares fall 3% after July total sales decline 12%
📝 Hero MotoCorp shares to be in focus tomorrow after ED action against top officials
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🚲 Electric 2/3 Wheelers
📝 Greaves Electric Mobility deal with ReadyAssist to service Ampere's E2W fleets
📝 Ola S1 Air vs Ather 450S: Budget electric scooter comparison
📝 PURE EV launches Ujala E-bike showroom in Lucknow
📝 Wardwizard posts Rs 1.73 crore in profit in Q1 FY2024
📝 Lord’s Mark Industries, Kerala govt sign JV to manufacture electric 2Ws and 3Ws
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⚙ Components
📝 Wheels India pegs domestic wheel biz to pick-up post monsoon
📝 Bosch Ltd to increase manufacturing in India : CFO
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🌇 Allied Industries
📝 SKF India Q1FY24 PBT at INR 207.6 cr
📝 How vulnerable are your vehicles to cyberattacks?
📝 How connected services, demand for personalised experiences rejig auto industry
📝 Govt issues guidelines for tyre manufacturers wanting to invest in brownfield, greenfield projects
📝 How to take care of your car post-monsoon. Key tips
📝 Ather Energy registers 229% sales growth, will expand charging network rapidly
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🌢 Fuels, Lubricants & Charging Stations
📝 HPCL posts net profit of ₹6,766 cr in Q1
📝 Oil prices rise 1% as US inventory data reflect robust demand
📝 Bolt.Earth brings affordable EV charging to India
📝 Adani Total Gas Q1 profit up 7% on higher CNG sales
📝 The case for staying with ethanol 10
📝 Ethanol blending programme may hit supply bottleneck after successful run
📝 ‘It’s no doomsday for lubricants, robust growth likely till 2040s’
📝 India passes law allowing auction, mining of lithium reserves
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📖 Magazines News
📝 Pininfarina PURA Vision concept unveiled
📝 Citroen C3 Aircross to be sold in one trim only
📝 Bike, scooter sales July 2023: Honda closes gap to Hero
📝 Discounts of up to Rs 57,000 on Maruti Swift, Alto, Wagon R in August
📝 Mercedes G Class facelift: fresh spy shots reveal design, interior tweaks
📝 Porsche 911 S/T mates 525hp GT3 RS engine with manual gearbox
📝 New Toyota Land Cruiser Prado, Land Cruiser 70 revealed
📝 Harley-Davidson X440 price hiked by Rs 10,500 across all variants w.e.f August 4
📝 Here are India's most fuel efficient diesel SUVs
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📰 International News
📝 SAIC Motor joins with Audi to develop electric vehicles for new market segments
📝 Toyota unveils new Land Cruiser ‘250’ Series with advanced off-road performance
📝 Ferrari's personal touch on cars helps it lift forecasts
📝 2024 MG ZS EV revealed for select global markets
📝 Volkswagen in talks with Leapmotor on tech tie-up for Jetta brand
📝 Elektrobit and NXP join on S32G3 processors for software-defined vehicles
📝 TSMC leads in advanced chip packaging wars
📝 Ford revs up electric truck output, testing mainstream EV demand
📝 UAW to show list of economic demands to automakers this week, will seek worker pay if plants close
📝 Berlin hails 'progress' in EU talks on hydrogen plants
📝 Italian govt plans to put more taxis on the road
📝 Caterpillar's 2023 margin forecast, upbeat results send shares to record high
📝 Subaru aims to have battery EVs make up half of its sales by 2030
📝 GM recalls nearly 900 vehicles with Takata air bag inflators, blames manufacturing problem
📝 BMW lifts outlook, warns inflation and supply issues not over
📝 New 2024 Toyota Land Cruiser images reveal brilliant retro design
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