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
Read More >>

🎤 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
Read More >>

🚗 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
Read More >>

🚗 Luxury Cars

📝  Lamborghini Revuelto India launch in December: What can we expect
Read More >>

⛟ 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
Read More >>

🏗 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%
Read More >>

🏍 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
Read More >>

🚲 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
Read More >>

⚙ Components

📝  Wheels India pegs domestic wheel biz to pick-up post monsoon
📝  Bosch Ltd to increase manufacturing in India : CFO
Read More >>

🌇 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
Read More >>

🌢 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
Read More >>

📖 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
Read More >>

📰 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
Read More >>


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