Top Indian Automobile Industry News & Updates - 04 Aug 2023,Friday
🏢 Industry
📝 Toyota Kirloskar Motor unveils all-new Vellfire in India in 2 variants, price starts at INR 1.2 cr
📝 In India, it's advantage Tesla as Chinese automakers face heat
📝 Temasek to invest Rs 1,200 crore in Mahindra’s electric venture
📝 Toyota’s most expensive car in India gets new sibling, 2024 Toyota Land Cruiser 250 breaks cover
📝 EV industry awaits FAME-3 scheme unveiling with focus on public transport and price reduction: Experts
📝 India's two-wheeler sales likely to improve as early as Sept: Analysts
📝 S&P Global Mobility India forecast: Infrastructure hurdles, regional diversity stifle big growth potential
📝 SIAM with Central Schools launches ‘Road Safety Education & Awareness Programme’
📝 India passes law allowing auction and mining of lithium reserves
📝 ACMA and ASPA successfully conclude 3rd edition of Automotive Raw Materials Conclave
📝 AI chip maker Tenstorrent raises $100 million from Hyundai and Samsung
📝 Uttar Pradesh, Maharashtra and Karnataka top 3 states in India for EV adoption
📝 Lord’s Mark Industries, Kerala Automobiles sets up JV for EV production
📝 SIAM promotes circular economy with EPR seminar
📝 Tesla discusses India plans with commerce minister Goyal in Delhi -sources
📝 Reshaping urban logistics with electric vehicles and last-mile solutions
📝 India, Saudi Arabia aim for cooperation in green hydrogen
📝 Top SUVs we drove recently and their Pros & Cons
📝 Elon Musk-led Tesla leases office space in Pune as Modi govt fends off Chinese automakers
Read More >>
🎤 Interviews & Features
📝 More battery storage beasts than Li-ion
📝 Automation needs a human touch: Keshav Murugesh is group CEO at WNS
📝 Citroen C3 Aircross to be sold in single ‘Max’ trim: Features, specs & more
Read More >>
🚗 Cars / SUVs
📝 Maruti Suzuki’s brand Alto sells over 45 lakh units since launch in 2000
📝 Tata Punch CNG to be launched today. Tiago & Tigor CNG to be updated too
📝 Used car startup Spinny lays off around 300 employees
📝 Toyota Innova Hycross is number one hybrid vehicle in Q2 2023
📝 Alcazar, i20 among Hyundai cars available with discounts in August
📝 Maruti Suzuki Alto celebrates 45 lakh customers in 23 years
📝 Hyundai i20, Grand i10 Nios, Aura, Alcazar, more get discounts up to ₹2 lakh this August
📝 Jeep Compass, Meridian now expensive by up to Rs 3.14 lakh! Check new prices
📝 Honda sells 4,864 cars in July in India: Registers 28.3 percent YoY decline
Read More >>
Electric-Cars / SUVs
📝 MG Comet EV Special Gamer Edition launched in India: Price, specs, features
📝 Mahindra XUV400 gets new features– cruise control, ESP, TPMS, fog lamps
Read More >>
🚗 Luxury Cars
📝 Volvo C40 Recharge electric coupe-SUV India launch confirmed on September 4
📝 Volvo Group rolls out gender-neutral programme for new parents within workforce
📝 Audi partners with SAIC to develop EVs
📝 Most ‘expensive’ cricketer of IPL 2018 buys luxurious Mercedes-Benz GLE SUV, priced over Rs 1 crore
Read More >>
⛟ Commercial Vehicles
📝 Eicher Motors Q1 PAT up 50.4% to INR 918 cr
📝 VECV secures order to supply 550 intercity buses worth Rs 500 crore
📝 Vijayanand Travels to buy 550 intercity buses from Volvo and Eicher for INR 500 cr
📝 PMPML doubts condition of hired buses, users suffer
📝 Govt to come out with payment security mechanism to support large-scale e-bus rollout
Read More >>
🏗 Construction & Agri Machinery
📝 Sonalika Tractors sells 10,683 units in July 2023
Read More >>
🏍 2/3 Wheelers
📝 Suzuki Motorcycle India offers new colour option for Access 125 editions at INR 85,300 and INR 90,000
📝 TVS Motor launches Jupiter ZX Drum with SmartXonnectTM tech for INR 84,468
📝 Triumph Speed 400 deliveries begin in India: Harley-Davidson X440 rival
📝 Eicher Motors Q1 Results: Net profit rises 50% to ₹918 crore on Royal Enfield sales, revenue up 17% YoY
📝 ‘Hard for robbers to breach fortress Royal Enfield built’
📝 Narain Karthikeyan’s mantra for DriveX: “Buy, refurbish, sell and after-sales”
📝 Royal Enfield Himalayan 450 test mule images reveal digital display, aluminium panniers and more
📝 Kawasaki Ninja ZX-10R, ZX-10RR break covers globally: Gets Akrapovic exhaust system
Read More >>
🚲 Electric 2/3 Wheelers
📝 Royal Enfield gearing up to launch its first electric bike in 2 years
📝 Sterling Tools sees EV biz drive profits to Rs 13 crore in Q1 FY2024, up 36%
📝 E2W retail sales grow 18.58% to 54,232 units in July 2023
📝 Eicher posts record profits, readies to roll out first e-bike
📝 Lord’s Mark Industries inks JV with Kerala Automobile to manufacture electric vehicles
📝 Royal Enfield to roll out first e-bike in 2 years, confident of safeguarding market share in long term
Read More >>
⚙ Components
📝 Minda Corp bags Rs 3,000 crore order in Q1 FY2024, profit at Rs 45 crore
📝 Tube Investments posts 10% increase in Q1 net profit
Read More >>
🌇 Allied Industries
📝 MRF’s Q1 profit zooms to ₹581 cr, stocks hit a new high
📝 How advanced auto electronic devices pave the way to the future
📝 Uncertainties continue to pose a challenge in Europe: Apollo Tyres Chairman
📝 Exponent Energy plans to charge ahead with 15-minute tech, targets usage across more EV segments
Read More >>
🌢 Fuels, Lubricants & Charging Stations
📝 Torrent Power enters e-mobility infrastructure space; sets up four charging stations in Gujarat
📝 HPCL back in black as petrol, diesel price freeze helps regains mkt margin
📝 Oil steady after drop on U.S. downgrade as supply concerns support
📝 Occidental Petroleum misses on quarterly profit, raises full-year output
Read More >>
💸 Finance & Insurance
📝 Ramp Global, IIISLA to digitise insurance claim reporting and management in India
Read More >>
📖 Magazines News
📝 July 2023 car sales hit record high, SUVs lead the way
📝 Lamborghini confirms electric GT for 2028, Urus EV in 2029
📝 Tata Nexon facelift to get over 10 trims, key features revealed
📝 New Toyota Vellfire launched at Rs 1.20 crore
📝 TVS Jupiter ZX drum with Bluetooth launched at Rs 84,468
Read More >>
📰 International News
📝 Hyundai, Kia recall 91,000 US vehicles over fire risks, urge owners to park outside
📝 20% of consumers consider EVs, 87% insist on test drives: Mckinsey Survey
📝 BMW reports solid revenue growth in first half
📝 Infineon Q3 revenue slightly above forecast on mixed semiconductor market
📝 GM JV battery firm rejects including Ohio workers under national agreement
📝 ZF’s new seatbelt tech repositions occupant in optimal position in case of crash
📝 Nissan EV sales exceed one million units worldwide
📝 BorgWarner bags series order for high voltage coolant heaters
📝 Artificial Intelligence (AI) will be selling cars by 2025
📝 EV startups burn through more cash as demand falters
Read More >>