Top Indian Automobile Industry News & Updates - 09 May 2023,Tuesday

🏢 Industry

📝  Lithium reserves in Raj raise hopes of reduced dependence on China
📝  Ban diesel-powered four-wheeler vehicles by 2027, panel recommends government
📝  Hindustan Motors plans to venture into EV segment stalled due to notice on resumption of land by West Bengal government
📝  Car sales on 'fleet' street accelerate 95% in FY23
📝  E-auction of leftover regn nos. starts
📝  INR 6 crore incentives handed out to 964 EV buyers in 8 months in Chandigarh
📝  April EV sales impacted by seasonality, new battery norms; FAME subsidies a key near-term risk
📝  Aditya Jairaj appointed Deputy MD of Stellantis India, will lead Jeep operations too
📝  CFO awards curtain raiser: Gadkari to give away FE CFO awards today
📝  Plan to set up electric vehicles project at Uttarpara stalled by Bengal govt: Hind Motors
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🎤 Interviews & Features

📝  Hyundai Exter vs Tata Punch vs Maruti Suzuki Fronx: Big battle of small SUVs
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🚗 Cars / SUVs

📝  Renault Kwid to Triber: Discounts of up to ₹62,000 in May
📝  Hyundai Exter micro SUV officially revealed: Bookings open
📝  Top 5 diesel cars in India under Rs 10 lakh: Tata Altroz to Mahindra XUV300
📝  Maruti Suzuki car discounts in May – Alto, Dzire, Swift upto Rs 59,000 off
📝  Maruti Suzuki WagonR to Baleno: Save up to ₹59,000 in May
📝  Tata Motors car discounts in May – Safari, Harrier, and Altroz get Rs 35,000 off
📝  Bookings for Hyundai Exter SUV, rival to Tata Punch, now open. Check variants
📝  Maruti Fronx vs Brezza: Confused which one to pick? Here are key differences
📝  Hyundai SUV dominance under threat? Maruti, Tata, Mahindra take big strides
📝  Skoda basks in success of Slavia and Kushaq. But sub-four-meter model in plans?
📝  Kia Sonet Aurochs Edition revealed, price starts at ₹11.85 lakh. More details
📝  Upcoming Mahindra cars in India. Check the list
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Electric-Cars / SUVs

📝  MG Comet EV loan EMI on Rs 80,000 down payment: Details explained
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🚗 Luxury Cars

📝  Reduce levies on hybrids to push investments: Lexus
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⛟ Commercial Vehicles

📝  Kejriwal announces scheme to introduce premium buses run by private aggregators
📝  Olectra Greentech jumps 10% after net profit rises 52% YoY in Q4
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🏗 Construction & Agri Machinery

📝  Sonalika sells 12,590 tractors in April 2023, gains 1.9% market share
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🏍 2/3 Wheelers

📝  Suzuki ‘Bike Zone’ exclusive showroom inaugurated in Mumbai and Ahmedabad
📝  Best-selling two-wheeler brands in April 2023: Bajaj, Royal Enfield register massive growth
📝  Rating: neutral; Hero MotoCorp: New products to drive growth
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🚲 Electric 2/3 Wheelers

📝  Matter to start pre-bookings for Aera from May 17
📝  TVS iQube launches 10-city marathon to deliver 1,000 e-scooters in 10 days
📝  Electric 2W companies to scale up in FY24
📝  Honda plans to bring large 750 cc equivalent electric bikes. Details here
📝  FAME subsidy row: Centre to return Rs 800 cr to ex-factory price defaulters
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⚙ Components

📝  Krisumi Corporation targets INR 2,500 crore annual revenue from FY 24-25, says MD Mohit Jain
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🌇 Allied Industries

📝  Vitesco Technologies presents electric drive made without rare earths
📝  Tata Tech and TiHAN-IIT Hyderabad join hands on SDVs, ADAS development
📝  MRF tops Rs 1,00,000-mark in futures trade, falls a bit
📝  Exide Industries Q4 Results: Firm posts standalone profit of Rs 208 crore
📝  A slip between cup and lip: MRF misses the 1 lakh mark by just Rs 67 despite hitting a 52-week high
📝  Exide registers 4% increase in operational revenue in Q4 FY23
📝  After a rally, tyre stocks may face the heat from slowing replacement demand
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🌢 Fuels, Lubricants & Charging Stations

📝  India's April fuel demand drops over 10% from March'23
📝  As CNG and EVs expand in cities, fuel retailers look at the rural market
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🌍 Emissions/Environment

📝  Jasmshedpur Notified Area Committee to roll out e-autos to curb pollution
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💸 Finance & Insurance

📝  meriEMI arranges INR 250-cr car loans in FY23
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📖 Magazines News

📝  6 mass market SUVs to get facelifts in the next 9 months
📝  Next-gen Skoda Superb India launch this year
📝  Hyundai Exter officially revealed, bookings open
📝  Hyundai Exter officially revealed, bookings open
📝  Ducati posts record global sales in Q1 2023
📝  TVS Raider 125 sales cross 3 lakh units
📝  Matter Aera electric motorcycle bookings to begin on May 17
📝  Tech Talk: How much of an old car can you salvage for new ones?
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📰 International News

📝  Toyota suspends sales of Yaris model after safety test problem
📝  Chinese automaker BYD to make EVs in Vietnam
📝  BorgWarner to provide battery packs for e-buses to a global power technology company
📝  LCVs in Europe can be pushed towards electrification, says report
📝  Qualcomm to acquire Israeli auto-chip maker Autotalks
📝  German industrial output slumps, recession fears rise
📝  Sweden to cut biofuel additives in gasoline and diesel
📝  Volkswagen to name Bentley production chief as new Cariad head, sources
📝  Piaggio Group net profit rises to EUR 24.2 m in Q1 2023
📝  Automobili Lamborghini Q1 2023 turnover up 22.8% to EUR 728 million
📝  Shell, Volkswagen join to develop charging ecosystem in Germany, Europe
📝  Phasing out fossil fuels hasn’t worked, Europe has a new idea for COP28
📝  Volkswagen plans a massive electric SUV offensive to take on Tesla. Details here
📝  China has over 400 SUV models as customers lap up body style across fuel types
📝  Brazil's ride-hailing app 99 aims to double electric cars within a year
📝  Tesla Model S Plaid gets faster with new track package, reaches top speeds of 322 Kmph
📝  Qualcomm to acquire Israeli chip maker Autotalks
📝  EV maker Lucid's quarterly revenue misses estimates on weak demand
📝  Japan's JFE Holdings sees 2023/24 profit up on auto sector recovery
📝  US electric vehicle startups set for another quarter of steep cash burn
📝  Qualcomm to acquire Israeli auto-chip maker Autotalks
📝  Elon Musk and Tesla break ground on massive Texas lithium refinery
Read More >>


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