Top Indian Automobile Industry News & Updates - 05 May 2023,Friday
🏢 Industry
📝 Total vehicle retails dip 4% in April; 2-wheelers continue to struggle: FADA
📝 Delhi HC directs authorities to act against fitting of crash guards on vehicles
📝 REC Chairman flags off first fleet of electric staff vehicles
📝 Vehicles without valid docus to get e-challans in Chhattisgarh
📝 Auto sales a mixed bag in April. Which stocks to buy?
📝 Karnataka elections: BJP, Congress manifestos put focus on electric vehicles
📝 IIT Kanpur, Lohum to work on R&D in sustainability for lithium-ion batteries
📝 FADA urges government for reduction in GST for two-wheelers to help sales grow
📝 Auto sales skid amid shift to new emission norms
📝 Mahindra sales up 36 percent to 62,294 units in April 2023
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🎤 Interviews & Features
📝 Opinion: How electrification alters auto industry with a lead role for India
📝 New Renault Kiger vs Maruti Suzuki Fronx: Features, specs, price
📝 Tata Altroz CNG details leaked, available in six variants
📝 Citroën C3 hatchback launched with BS6 2 turbo petrol engine, 13 new features
📝 Opinion: Why the one-time favourite sedans fall in India and globally
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🚗 Cars / SUVs
📝 Citroen India launches Gen III Puretech 110 Turbo engine with 13 new features on top Shine variant; price opens at INR 8.28 lakh
📝 Skoda Auto India introduces 2023 Kodiaq at a starting price of INR 37.99 lakh
📝 Hyundai Exter micro SUV leaked ahead of global debut: Launch soon
📝 Mahindra sells one lakh XUV700 SUVs in less than two years
📝 Top 5 most affordable cars with sunroofs in India
📝 Automakers to launch six new SUVs in India in next two years
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Electric-Cars / SUVs
📝 MG Comet EV variants, prices, to be announced tomorrow: What to expect
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🚗 Luxury Cars
📝 BMW X1 sDrive18i M Sport launched in India at 48.9 lakh
📝 A car built like a tank, designed like a lounge
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⛟ Commercial Vehicles
📝 Piaggio Vehicles launches new Apé Xtra LDX at a starting price of INR 251,586
📝 100 e-buses between Pune and Mumbai by June-end
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🏗 Construction & Agri Machinery
📝 Road construction to go up to 21% in FY24, ahead of general elections: ICRA
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🏍 2/3 Wheelers
📝 TVS Motor Company FY23 PAT at INR 1,491 cr
📝 Hero MotoCorp Q4 FY23 net profit up 31 per cent y-o-y at ₹811 crore
📝 TVS plans to go global with EVs in FY24, Q4FY23 profit up 49%
📝 KTM India set to launch more accessible 390 Adventure V for shorter riders
📝 HMSI domestic sales increase 6% to 3.38 lakh units in April
📝 Suzuki sells 67,259 two-wheelers in April 2023: Records 23.80% YoY growth
📝 Honda Shine 100 production commences in India: Deliveries to begin soon
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🚲 Electric 2/3 Wheelers
📝 e-Sprinto to launch second e-scooter Amery in a month
📝 Ather Energy sells 8,182 e-scooters in April 2023: 450X gets a price cut
📝 Ola Electric says will refund charger cost to its electric scooter buyers
📝 Omega Seiki to raise $200 million to boost its EV & drones business
📝 TVS to refund ₹20 crore to iQube electric scooter customers. Here’s why
📝 Ola, Ather rival Hero Vida cuts prices by up to Rs 25,000
📝 BattRE receives AIS 156-Amendment III – Phase 2 Certification for its e-scooter Stor:ie
📝 TVS to export electric vehicles in FY24
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⚙ Components
📝 Yuma Energy appoints Deepak Nanwani as head of revenue, operations
📝 Sundram Fasteners’ consolidated turnover crosses ₹5K mark, pays ₹3.06 final
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🌇 Allied Industries
📝 Battery swapping startup Esmito partners with ElectricFuel to offer Energy as a Service
📝 CEAT Q4 consolidated net zooms to ₹133 crore
📝 Apollo Tyres to drive digitalisation with SAP Cloud
📝 Right to repair: Now get your car/bike repaired from local workshop without losing warranty
📝 ZF, KPIT to co-promote Qorix’s automotive middleware products and solutions
📝 MRF posts Rs 769 crore profit for FY2023, up 15%
📝 MRF shares climb over 2% as Q4 net profit jumps two-fold
📝 MRF share price at Rs 1 lakh possible? What technical and fundamental analysis suggest
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🌢 Fuels, Lubricants & Charging Stations
📝 Charging infrastructure important for transition to EVs
📝 India's oil imports from Russia seen peaking in May amid China competition
📝 Chargeup opens 35 new EV stations in Mathura district
📝 Charging infrastructure important for transition to EVs, says BEE Director General
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💸 Finance & Insurance
📝 Motor Insurance: Pay lower premium if you drive less
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📖 Magazines News
📝 Skoda Kodiaq now BS6.2 compliant, prices start at Rs 37.99 lakh
📝 Next-gen BMW 5 Series, all-new i5 global debut on May 24
📝 Citroen C3 Shine 1.2 turbo launched at Rs 8.80 lakh
📝 BMW X1 sDrive 18i M Sport launched at Rs 48.90 lakh
📝 Toyota Hyryder, Innova Hycross prices up by Rs 60,000
📝 Hyundai Exter micro SUV spied undisguised ahead of August launch
📝 Ola, Ather, TVS to refund nearly Rs 300 crore to customers
📝 Tata Harrier, Safari, Altroz get up to Rs 35,000 discount this May
📝 2023 Yezdi, Jawa lineup: 5 things to know
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📰 International News
📝 Philipp Grosse Kleimann to head aftermarket business unit of MAHLE Group
📝 EV cab startup BluSmart raises USD 42 million in funding from BP Ventures, others
📝 PACCAR and Toyota expand hydrogen fuel cell truck collaboration for commercialization
📝 UK auto industry body cuts 2023 sales outlook for battery electric vehicles
📝 Volkswagen sees growing competition ahead as revenue jumps on Europe, US
📝 Ducati sells 14,725 motorcycles in Q1 of 2023
📝 Volkswagen revenue jumps on growth in Europe, North America
📝 BMW cars segment sees earnings boost on higher pricing, EV sales
📝 Rolls Royce Dawn heads to sunset
📝 TotalEnergies sues Greenpeace over emissions report
📝 Shell posts USD 10 bn profit, lifted by trading
📝 Optime Ecosystem for innovative condition monitoring and smart lubricant management
📝 Volvo Cars axes 1,300 jobs as it steps up cost cuts
📝 SK Innovation sees 'solid' Q2 refining margin on China's reopening
📝 Bosch realigns mobility business, targets sales worth 80 billion euro by 2029
📝 High-performance EV component supplier Rimac Tech enters stationary energy storage systems with Rimac Energy
📝 This hyper BMW M2 may churn over 500 hp, possibly to debut in 2025
📝 BMW teases i5 EV again, reveals illuminated kidney grille and ambient lighting
📝 Porsche Taycan EV looks at a steep production ramp up
📝 BMW: Don’t drive older models with Takata airbag inflators
📝 Volkswagen sees sales slump in China, vows rebound this year
📝 Cash-strapped Lordstown may tap the brakes on Endurance production
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