Top Indian Automobile Industry News & Updates - 10 Aug 2023,Thursday
🏢 Industry
📝 Registration of electric vehicles restarted in Delhi: Kailash Gahlot
📝 DVR share swap to cost INR 100 crore: Tata Motors
📝 Stellantis weighs options to add another brand or two in India, 'crown jewel' of the region
📝 July vehicle sales up 35% in Gujarat
📝 Hyundai to ink pact for GM plant next week
📝 Auto companies flag local value addition math under PLI
📝 Yamato Logistics India establishes three logistics centres
📝 Car companies gear up to celebrate festive season with a bang
📝 Steel Min ups ante on imports, reaches out to auto OEMs, pipe-makers to up local sourcing
📝 Siam Q1 data: Uttar Pradesh secures top spot with highest vehicle sales
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🚗 Cars / SUVs
📝 Hyundai's Exter SUV garners over 50,000 bookings within a month of its launch in India
📝 Maruti Suzuki True Value sells 50 lakh pre-owned cars since 2001
📝 Citroen C5 Aircross entry-level ‘Feel’ variant launch on cards
📝 Hyundai Creta and Alcazar Adventure Edition launched: 5 things to know
📝 No more small cars, Maruti Suzuki's focus on SUVs paying off. Details here
📝 Maruti Suzuki India approves issue of shares to Suzuki Motor Corporation
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Electric-Cars / SUVs
📝 Eye on EV offensive, Hyundai Motor prepares new strategy for India
📝 Tata Motors to launch Punch EV, Harrier EV, Nexon EV facelift this year, Curvv EV to launch in 2024
📝 Tata Motors collaborates with KPKB, special offer on EVs
📝 Mahindra-owned Pininfarina previews PURA Vision electric SUV with GT-like styling, debut next week
📝 Tata Motors to offer EVs at special rates to personnel of CRPF, BSF, ITBP, SPG and others forces
📝 Mahindra Thar e: First truly Indian electric off-road SUV
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🚗 Luxury Cars
📝 Mercedes-Benz launches 2nd gen GLC starting at INR 73.5 lakh
📝 Mercedes-Benz drives in new GLC in India; eyes double-digit sales growth this year
📝 2023 Mercedes-Benz GLC launched in India at Rs 73.5 lakh: Price, specs, features
📝 Land Rover to introduce ‘Baby Defender’ by 2027
📝 2024 BMW 5 series LWB, i5 make China debut: Coming to India?
📝 Ranveer Singh car & bike collection: From Urus to custom RE Bullet
📝 2023 Mercedes GLC launched in India. Check price, details, review and more
📝 ‘Shift to luxury cars will gain pace as EV market matures’
📝 Mercedes-Benz India expected balanced growth between SUVs, sedans: MD & CEO
📝 Mercedes Benz expects to report best-ever sales in India on the back of new GLC launch
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⛟ Commercial Vehicles
📝 Amazon to deploy Eicher e-trucks for e-commerce deliveries in India
📝 Mahindra expands E3W lineup, launches e-Alfa Super priced at INR 1.61 lakh
📝 Incentives for private bus operators to take EV route in the works
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🏗 Construction & Agri Machinery
📝 Swaraj unveils technologically advanced Swaraj 8200 Wheel Harvester
📝 VST Tillers to enter US market in two years, plans more launches in Germany
📝 Tractor sales grow in single digits in July and exports up sequentially
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🏍 2/3 Wheelers
📝 India's Hero MotoCorp faces tax probe over links to vendor
📝 FADA delegation meets Gadkari; seeks 18% GST on entry-level two-wheelers
📝 Hero MotoCorp Q1 Preview: PAT may surge 42% YoY; price hikes to aid sales growth
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🚲 Electric 2/3 Wheelers
📝 Loss from sops denied to E2W OEMs estimated at INR 9000 cr; SMEV moots `Sinking Fund’ for their revival
📝 Ola S1 Air first ride review — Hola to the new Ola
📝 Electric two-wheelers on track to surpass FY23 sales despite FAME 2 revision
📝 Vegh unveils plan top open 100 stores across India
📝 Upgraded Komaki Venice electric scooter launched at ₹1,67,500; gets removable batteries
📝 eBikeGo Muvi electric scooter bookings to begin in October
📝 EV startup AVERA announces ₹100 crore expansion; eyes Australia foray
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⚙ Components
📝 Uno Minda Q1 FY24 PAT up 24% to INR 173 cr
📝 Bharat Forge Q1FY24 net profit up 19% on strong auto and defence order pipeline
📝 Varroc profits back in green in Q1 FY2024, strong demand and government subsidies drive growth
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🌇 Allied Industries
📝 Lohum and Vecmocon collaborate on EV Battery lifecycle management
📝 TVS Supply Chain Solutions’ Rs 880-cr IPO opens today
📝 Aptiv expects semiconductor prices to remain high
📝 Exide Industries to begin first phase of cell manufacturing plant in Bangalore
📝 Brand TVS known for supporting stakeholders, says TVS SCS's R Dinesh
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🌢 Fuels, Lubricants & Charging Stations
📝 Oil prices ease as bearish China data fuels demand concerns
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💸 Finance & Insurance
📝 Shriram Group’s founder Thyagarajan says lending to poor is socialism and can be profitable: Report
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📖 Magazines News
📝 Discounts of up to Rs 64,000 on Maruti Ignis, Ciaz and Baleno this August
📝 Hyundai Exter gathers over 50,000 bookings
📝 ‘No plans for hybrids, focused on EVs’: Tata Motors chairman
📝 Kia EV5 SUV global debut on August 25
📝 2023 Mercedes Benz GLC launched at Rs 73.5 lakh
📝 Hotter Nissan Z Nismo gets power boost to 425hp
📝 MG Comet vs Tata Tiago EV comparison: Which is the best budget EV?
📝 Ola S1 Air review: retains the Ola experience
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📰 International News
📝 Profit at Japan's Honda doubles on healthy global auto and motorcycle sales
📝 Oil hits new highs as tighter supply offsets China demand concern
📝 Continental posts strong earnings in tyres, setback in auto sector in Q2 2023
📝 Indonesia says Mitsubishi Motors plans to invest USD 375 mln in 2024
📝 GM still struggling to build EVs, sees margin growth ahead for Cruise: CFO
📝 House of Lords launches inquiry into UK's electric car transition
📝 Piedmont Lithium's plans to supply Tesla face skeptical North Carolina officials
📝 Taiwan pitches deeper Europe engagement after TSMC Germany investment
📝 China's Li Auto aims to outsell BMW, Mercedes, Audi in its home market in 2024
📝 Battery energy storage systems play pivotal role in renewable energy progress: Study
📝 Lamborghini to uncover a pure electric concept car at Monterey Car Week. Know more
📝 Tesla Cybertruck customer deliveries seem imminent, hints social media post
📝 2024 Nissan Z Nismo returns with 420 hp and several upgrades
📝 Japanese Carmakers See Next Few Years as Fight for Survival in China
📝 GM will add backup power function to its electric vehicles
📝 Magna says job cuts likely in case of labor strike
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