Top Indian Automobile Industry News & Updates - 11 Aug 2023,Friday

🏢 Industry

📝  India Electric Mobility Council demands continuation of incentives for electric vehicle sector
📝  Auto wholesales in July 2023 grow by 2.6%; 2-wheelers fall by 7.2%: SIAM
📝  Domestic PV sales scale new high in July on SUV demand
📝  Car companies gear up to celebrate festive season with a bang
📝  CarTrade Tech shares jump 7% as Q1 PAT soars 300% YoY
📝  World Biofuel Day 2023: SIAM international meet highlights role of biofuels in sustainable mobility
📝  Number of EVs in India grew 50-fold in last ten years, but still not even 1% of non-EVs
📝  Tata Motors clears key step for mfg incentive
📝  Force Motors hits 10% upper circuit on stellar performance in Q1
📝  Ola’s losses widen to Rs 1,522 crore in FY22; EV arm Ola Electric’s losses rise manifold
📝  Ola Cabs loss doubles widening to Rs 3,082 crore in financial year 2021-22
Read More >>

🎤 Interviews & Features

📝  Biofuel: Future of automobile industry?
📝  Alternative fuels bridging the gap to net zero
📝  How to safely charge an electric vehicle: Lower fire, explosion chances
Read More >>

🚗 Cars / SUVs

📝  Toyota Kirloskar brings Ertiga-based Rumion, expects MPVs to keep pace with SUVs
📝  Toyota Kirloskar unveils new MPV Rumion; price to be announced soon
📝  Mahindra XUV300 becomes more affordable– new base variants launched
📝  Mahindra gifts Thar SUV to boxer Nikhat Zareen for winning World Women's Boxing Championship in 2023
📝  Maruti Suzuki brings HDFC Bank ‘Xpress Car Loans’ feature to its Smart Finance platform
📝  Top 10 hatchbacks sold in July- Maruti dominates with Swift, Baleno, WagonR
📝  Toyota Seeks to Expand its MPV Play with Rumion Launch
📝  Force Motors surges 10%, hits over 5-year high on stellar Q1 performance
📝  Tata Safari facelift test mule reveals exterior details: Images inside
📝  Buying a Mahindra XUV300 just got cheaper at Rs 7.99 lakh: Two new variants launched
Read More >>

Electric-Cars / SUVs

📝  Kia EV5 SUV near its global debut: Here’s what to expect
📝  After EV6 and EV9, Kia to unveil its third electric SUV EV5 at Chengdu Motor Show
📝  Tata Punch EV may debut in November, 2023: Report
Read More >>

🚗 Luxury Cars

📝  Audi India opens bookings for Q8 e-tron and Q8 Sportback e-tron at INR 5 lakh
📝  Mini Charged Edition launched in India priced at INR 55 lakh
📝  Mercedes launches next-gen GLC in India, the price starts at 73.5 lakh
📝  Jacqueline Fernandez buys new super expensive BMW i7 electric car, priced at Rs 2 crore
Read More >>

⛟ Commercial Vehicles

📝  UP govt to run e-buses for 5 districts including Ayodhya
📝  Pvt bus hiring scheme extended across state in Panaji
📝  NMC’s transport wing plans EV bus operations by Oct-end
📝  Top-level rejig: Akash Passey to succeed Suresh KV as President of ZF India
Read More >>

🏍 2/3 Wheelers

📝  2023 Honda SP160: Top 5 things you need to know
📝  Hero MotoCorp Q1 net up 19.63% at Rs 700.54 crore
📝  Hero MotoCorp Q1 Results: PAT zooms 32% YoY to Rs 825 crore, revenue rises 4%
📝  Come September TVS RTR 310 will be launched: What to expect
📝  Royal Enfield Streetwind Eco Riding Jacket launched, uses 100% recycled materials
📝  TVS Raider Marvel Edition to launch tomorrow: What to expect?
📝  July 2-wheeler sales decline as erratic rains hit rural demand
Read More >>

🚲 Electric 2/3 Wheelers

📝  Revolt’s RV400 sales launched on Flipkart
📝  Ather 450S electric scooter launching tomorrow. Key things to expect
📝  2023 Ola S1 Air — What’s new?
📝  Mahindra e-Alfa Super rickshaw launched with higher range
📝  TVS drops new teaser for upcoming premium Creon-based e-scooter. What we know
📝  Ola revenue up 2X in FY22; losses widen as costs rise
Read More >>

⚙ Components

📝  Samvardhana Motherson posts INR 601 cr profit in Q1 FY24
📝  Bharat Forge reports 33% increase in consolidated net profit at INR 213.73 cr in Q1
Read More >>

🌇 Allied Industries

📝  Akash Passey replaces Suresh KV as President of ZF Group, India
📝  Apollo Tyres Q1 net profit jumps to Rs 397 crore
📝  Assurance Intl, Goodyear unveil new range of filters, batteries in India
📝  Greaves Cotton standalone EBITDA for Q1, FY24 at INR 45 cr
📝  The new technology that is making cars easier for criminals to steal, or crash
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Greenfuel Energy partners with Ventrex for green energy control solutions
📝  Gulf Oil Lubricants partners Lazy Rangers Motorcyclists Confederation to promote road safety
Read More >>

🌍 Emissions/Environment

📝  Travel by Delhi Metro cuts 32gm of CO2 per km
Read More >>

💸 Finance & Insurance

📝  Ride with Confidence: Unlocking the 7 Superpowers of Third-Party Bike Insurance
Read More >>

📖 Magazines News

📝  Audi Q8 e-tron bookings open for Rs 5 lakh
📝  Ather 450S to be joined by 2 more new scooters on August 11
📝  Mini Cooper SE Charged Edition launched at Rs 55 lakh
📝  New Mahindra XUV300 W2 launched at Rs 7.99 lakh
📝  Toyota registers Urban Cruiser Taisor trademark
📝  Toyota Rumion MPV revealed
📝  New TVS bike launch on September 6, likely to be naked RR310
Read More >>

📰 International News

📝  2025 Escalade IQ joins Cadillac's growing all-electric family
📝  Mercedes-AMG C63 and E63 to return to using V8 engines in 2026. Details here
📝  Indonesia to relax timetable for EV credits in bid for investment
📝  China EV brand Zeekr to launch its first luxury sports car
📝  Carvana shares gain after co expects Q3 core profit to be above USD 75 mln
📝  One-off Lamborghini Huracan Sterrato Opera Unica's paint took 370 hours to apply
📝  What if Germany stopped making cars?
📝  Ford exec expects software to boost revenue for commercial trucks, vans
📝  China's Hozon to start selling Neta EVs in Indonesia from Q4
📝  Lithium mine auctions in China's Sichuan draw thousands of high bids
Read More >>


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