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
Read More >>
🎤 Interviews & Features
📝 Hyundai Exter vs Tata Punch vs Maruti Suzuki Fronx: Big battle of small SUVs
Read More >>
🚗 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
Read More >>
Electric-Cars / SUVs
📝 MG Comet EV loan EMI on Rs 80,000 down payment: Details explained
Read More >>
🚗 Luxury Cars
📝 Reduce levies on hybrids to push investments: Lexus
Read More >>
⛟ 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
Read More >>
🏗 Construction & Agri Machinery
📝 Sonalika sells 12,590 tractors in April 2023, gains 1.9% market share
Read More >>
🏍 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
Read More >>
🚲 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
Read More >>
⚙ Components
📝 Krisumi Corporation targets INR 2,500 crore annual revenue from FY 24-25, says MD Mohit Jain
Read More >>
🌇 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
Read More >>
🌢 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
Read More >>
🌍 Emissions/Environment
📝 Jasmshedpur Notified Area Committee to roll out e-autos to curb pollution
Read More >>
💸 Finance & Insurance
📝 meriEMI arranges INR 250-cr car loans in FY23
Read More >>
📖 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?
Read More >>
📰 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 >>