Top Indian Automobile Industry News & Updates - 05 Aug 2023,Saturday
🏢 Industry
📝 M&M Q1 consolidated PAT up 60% to INR 3,508 cr
📝 M&M board approves merger of three subsidiary companies
📝 M&M gives 3 reasons for investing Rs 400 crore in RBL Bank
📝 Won't increase stake in RBL unless the reasons are compelling enough: Mahindra Group MD & CEO
📝 Royal Enfield and VECV sales drive Eicher Motors Q1 profit up 50%
📝 China’s ambitions alarming, India offers the counterbalance: Anand Mahindra
📝 M&M Q1 Results: Profit nearly doubles to Rs 2,774 crore; revenue jumps 22% YoY
📝 Ola expands Prime Plus premium service to Mumbai, Pune, Hyderabad
📝 Open to collaborate for EV biz with OEMs in India and overseas, says M&M
📝 If EVs, hybrids are bought from outside UT, no road tax waiver
📝 Mahindra Group’s recent strategies have paid off: Anand Mahindra at AGM
📝 Preview: M&M seen reporting good PAT, revenue numbers in June quarter on price hikes, sales volumes
📝 Savi Soin appointed President of Qualcomm India, Rajen Vagadia takes global role
📝 India’s most expensive MUV launched at starting price of Rs 1.19 crore, check details of new Toyota Vellfire
📝 Hyundai Motors takes stake in AI semiconductor firm
📝 Mahindra & Mahindra puts RBL Bank stake purchase plan on hold
Read More >>
🎤 Interviews & Features
📝 As new taxis, auto rickshaws hit the road, the lumbering ride ends for both commuters and automakers
📝 Honda Elevate: Raising the bar
📝 Car review: Can the Honda badge elevate it ?
Read More >>
🚗 Cars / SUVs
📝 Maruti Suzuki leads the market with 8 vehicles in the top 10 list
📝 Tata Motors launches Punch CNG, price starts at INR 7,09,900
📝 Robust SUV sales help M&M post 60% rise in Q1 profit
📝 Hyundai Creta Adventure and Alcazar Adventure teased ahead of launch
📝 Mahindra not keen on CNG or hybrid in SUV space, but will explore flex fuel
📝 Maruti Suzuki Invicto gets new safety feature on base Zeta+ variant, price hiked
📝 Tata Punch iCNG to launch today: What to expect?
📝 Maruti's share in parent Suzuki's revenues reached highest ever in Q1FY24
📝 Honda cars get discounts of up to Rs 73,000 in August: Check details
📝 Maruti Suzuki Alto becomes India’s highest selling car, 45 lakh units sold
Read More >>
Electric-Cars / SUVs
📝 MG Comet EV Gamer Edition launched with new styling kits
📝 Green Mobility. More and more people in small cities warm up to electric cars
Read More >>
🚗 Luxury Cars
📝 Many buyers of Lamborghini in Indian Diaspora: CEO Stephan Winkelmann
📝 We are aiming 25% of our sales coming from EVs by 2027': Lance Bennett, VP, Sales & Marketing Mercedes-Benz India
Read More >>
⛟ Commercial Vehicles
📝 Vijayanand Travels to buy 550 Volvo, Eicher buses
Read More >>
🏍 2/3 Wheelers
📝 BMW Motorrad launches new colours for G 310 motorcycle range
📝 Best-selling two-wheeler brands in July 2023: Suzuki beats Royal Enfield
📝 Royal Enfield plans to launch its first electric bike in two years
📝 Triumph Speed 400 deliveries begin in India: Price, specs of Harley-Davidson X440 rival
Read More >>
🚲 Electric 2/3 Wheelers
📝 Odysse to supply 10,000 e-scooters to 2-wheeler MaaS player Bud-e
📝 Royal Enfield’s maiden electric motorcycle still two years away: Siddhartha Lal
📝 TVS teases upcoming electric two-wheeler, is it Creon?
📝 Yulu announces plans to foster local e-mobility businesses
📝 Hiving off EV biz not our approach, says Royal Enfield
📝 How Indian EV startups are democratising e-performance motorcycling in India
📝 TVS Jupiter ZX Drum SmartXonnect launched at Rs 84,468: What's new
Read More >>
⚙ Components
📝 Minda Corporation Q1 FY24 PAT at INR 45 cr
📝 Domestic, pre-buy demand drives Cummins India profits to Rs 415 crore in Q1 FY2024
Read More >>
🌇 Allied Industries
📝 JK Tyre Q1 FY24 PAT at INR 159 crore
📝 India's MRF reports five-fold jump in Q1 profit on cooling rubber prices, higher demand
📝 CG Power plans capex of over Rs 500 cr for capacity expansion in next two years
📝 MRF stock hits new high on solid Q1, but there is caution ahead
Read More >>
🌢 Fuels, Lubricants & Charging Stations
📝 Oil prices set for sixth weekly gain as producers pledge output cuts
📝 B2B and Infra demand drive Gulf Oil Q1 profit up 23%
📝 India insulated itself from rising fuel prices; enhancing refining capability: Oil Minister Hardeep Singh Puri
Read More >>
💸 Finance & Insurance
📝 TORK Motors partners with HDFC Bank to offer easy finance options
📝 M&M’s investment in RBL Bank was to understand banking business: Anish Shah
📝 Maruti Suzuki Smart Finance achieves 1 million customer milestone
📝 Altigreen partners with Axis Bank to offer tailored financial solutions
📝 Maruti Suzuki Smart Finance achieves 1 million car loans milestone
📝 Maruti Suzuki Smart Finance achieves 1 million car loans milestone
Read More >>
📖 Magazines News
📝 Mahindra order backlog currently stands at over 2.8 lakh SUVs
📝 Hyundai Creta, Alcazar Adventure editions teased
📝 Maruti Suzuki Alto crosses 45 lakh sales milestone
📝 SAIC announces global partnership with Audi to develop EVs
📝 Tata Tiago, Tigor CNG with twin-cylinder tanks launched
📝 Tata Punch CNG launched at Rs 7.10 lakh
📝 Mahindra Bolero Neo+ launch by September 2023
📝 Electric vehicles core to our future, says Royal Enfield’s Siddhartha Lal
📝 “Not worried about competitors, we’re ahead of them”: Royal Enfield MD Lal
📝 Tata Group likely to procure battery from global supplier Envision AESC
Read More >>
📰 International News
📝 Tesla faces California class action on its EV range claims
📝 Nikola gets required shareholder votes for share increase proposal
📝 US should extend EV tax benefits to Vietnam, says business lobby
📝 Fisker cuts output forecast on lingering supply chain woes; loss narrows
📝 Magna lifts annual forecasts as results beat estimates on parts demand
📝 Oil India is now Maharatna, OVL is Navratna
📝 Auto parts maker Vimercati to open USD 200 mn plant in Mexico, says state governor
📝 London's mayor widens car scrappage incentives to calm clean air zone outcry
📝 Russian car sales rebound in July as Putin touts domestic vehicles
📝 Toyota, Pony.Ai to set up robotaxi JV with USD 139 mln investment
📝 BMW closes in on EV target but 'too soon' to call end of combustion engines
📝 Cummins misses profit expectations on high manufacturing costs
📝 GM's Cruise says it's reached the robotaxi industry's first union agreements
📝 Fisker unveils electric pickup truck even as supply chain bottleneck lingers
📝 France to grant 1.5 bn euros for Taiwanese EV battery factory
📝 Hyundai, Kia recall 91,000 vehicles in US over damaged electrical component
📝 GM vows to boost jobs next year despite EV shift
Read More >>