Top Indian Automobile Industry News & Updates - 11 May 2023,Thursday
🏢 Industry
📝 Geological Survey refutes claims of lithium discovery in Rajasthan
📝 Vanguard slashes Ola’s valuation by 35% to $4.8 billion
📝 Vaishnaw: India most cost effective place for semiconductors
📝 United Industries & VTK Industries set up a ₹70-crore plastic parts unit in TN
📝 Next big destination. Semiconductor industry will double from current $600 billion to $1 trillion plus: Ashwini Vaishnaw
📝 Govt yet to accept report that calls for ban on diesel vehicles in certain cities: Oil ministry
📝 How India can use innovative policies and regulations to unlock battery value streams
📝 Need to step up quickly to install refining capacity: Anand Mahindra on lithium reserves discovery in Rajasthan
📝 FADA raises concern over sale of two-wheelers by unauthorised multi-brand outlets
📝 Scrapping of vehicles will reduce metals and rubber import: Nitin Gadkari
📝 Nitin Gadkari calls for reduction in vehicle population to decongest cities
📝 India renews call for chipmakers as billionaire’s effort drags
📝 Tata Nexon EV Max launched in Nepal. Here's how much it costs in neighbourhood
📝 Eicher Motors preview: Firm to report steady performance, here's what to expect
📝 EV manufacturer Mercury EV-Tech establishes new R&D Base; stock up 190% in 6 months
📝 Tata Motors DVR back in focus amid hopes of dividend after a 7-year gap
📝 Govt to start random checks on EVs after recent lapses under FAME II scheme
📝 MG in talks with RIL, Hero for stake sale in Indian operations
📝 Uttarakhand to implement Automatic Number Plate Recognition system for online monitoring of vehicles
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🎤 Interviews & Features
📝 2023 Skoda Kodiaq SUV: All you need to know
📝 2023 Skoda Kodiaq launched: 5 things to know
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🚗 Cars / SUVs
📝 MG Motor India plans stake sale to fuel expansion
📝 India 3.0 plan. MG Motor India to invest ₹5,000 crore from 2026–28 to hire 20,000 people
📝 Top 10 PVs in April 2023: Hyundai Venue replaces Grand Vitara, Swift marks highest Y-o-Y change
📝 Nissan Magnite available with discounts up to ₹57,000 in May: Check details
📝 Maruti Suzuki India increases rail dispatches from 65,700 units to total of 335,245 units
📝 Top 10 SUVs sold in April: Nexon back on top, Fronx, Brezza lead Maruti's charge
📝 Mahindra XUV300 TurboSport prices hiked
📝 Maruti Suzuki Jimny not launching in India this month, Mahindra Thar rival gets over 24,500 bookings
📝 Upcoming facelifts in 2023, including Tata Nexona and more. Check the list!
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Electric-Cars / SUVs
📝 MG Comet EV: Variant-wise price and features list explained
📝 Majority Indian owners, EVs, IPO ahead for MG
📝 Hyundai to announce over Rs 15,000 cr investment programme in Tamil Nadu
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⛟ Commercial Vehicles
📝 Porter launches intracity logistics services in Nashik
📝 Daimler working on innovation via software update for faster implementation says Raghavendra Vaidya of DTICI
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🏗 Construction & Agri Machinery
📝 Escorts Kubota posts drop in Q4 profit on higher expenses
📝 Escorts Kubota Q4 Results: Profit rises 14% YoY to Rs 216.5 crore
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🏍 2/3 Wheelers
📝 Upcoming Royal Enfield bikes in India: Himalayan 450, new-gen Bullet & more
📝 Bajaj Dominar 400 & Dominar 250 launched in Malaysia under a new brand name
📝 Royal Enfield Bullet 350 vs Classic 350: Should you spend the extra money?
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🚲 Electric 2/3 Wheelers
📝 TORK Motors opens Experience Zone in Hyderabad
📝 Ather electric scooters will soon get this new feature
📝 Pure EV opens new EV dealership showroom in Madinaguda, Hyderabad
📝 Top 5 electric scooters with removable battery
📝 Zyngo raises Rs 42 crore in pre-Series A led by Delta Corp Holdings
📝 Actor Vicky Kaushal announced as brand ambassador for Matter Aera e-motorcycle
📝 TVS iQube electric scooter prices revised. Check out new prices
📝 Ola Electric scooter buyer in Delhi duped by conman of ₹80,000: Report
📝 HOP OXO e-motorcycle receives first OTA update since launch, brings new features
📝 Bogus Ola electric scooter ads: Fraudster arrested by Delhi Police from Maharashtra
📝 FAME II scheme: Hero Electric, Okinawa Scooters claim 'no violation'
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⚙ Components
📝 Ki Mobility plans to ramp up Partsmart platform to become a top brand in aftermarket space
📝 Balu Forge Industries Q4 net profit jumps 40% to ₹11.50 crore led by strong orders
📝 Pricol reports highest quarterly revenue in Q4 FY2023
📝 Uno Minda sues JV partner in S’pore arbitration court
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🌇 Allied Industries
📝 Ceat plans to enter US market by year-end
📝 Can helmets prevent divorce? Check this bizarre traffic violation report
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🌢 Fuels, Lubricants & Charging Stations
📝 Himachal eyeing to use pine forest residue as biofuel
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📖 Magazines News
📝 Bentley Speed Edition 12 introduced to celebrate the W12 engine
📝 Skoda Enyaq iV India launch by March 2024
📝 500hp Porsche 718 Spyder RS is the final combustion engined Boxster
📝 Kia Seltos facelift to get panoramic sunroof
📝 Hyundai Exter variant wise powertrain details revealed
📝 Maruti Suzuki Jimny India launch by early June
📝 TVS Ntorq crosses 1.45 million sales mark since launch
📝 Bajaj Avenger 220 Street to be relaunched in India
📝 Honda Activa drops 6G suffix
📝 MG Motor confirms second plant at Halol; to dilute majority stake
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📰 International News
📝 BYD launches lower-priced versions of Seal EV; aims to extend lead
📝 Toyota Q4 profit leaps 35%, beats estimates; shares jump
📝 Porsche, VW Commercial Vehicles partner with Mobileye on automated driving software
📝 Ford's new muscle truck, Ranger Raptor, made possible by EVs
📝 Mahle and Midtronics join to develop EV battery service equipment
📝 Toyota shareholders submit proposal on climate disclosure, in test for new CEO
📝 Chinese competition, Xinjiang plant loom large for Volkswagen investors at AGM
📝 EV Startups, new technologies give handsome returns to investors: McKinsey report
📝 Indonesia tax cut drives electric car sales for Hyundai, Wuling
📝 Panasonic sees record profit on robust battery demand, U.S. tax credit
📝 With clean air and less noise, the EV future has already arrived in Norway
📝 Glencore eyes European lithium battery recycling centre
📝 Hyundai and Kia thefts keep rising despite security fix
📝 Faraday Future to raise USD 100 mn in debt to ramp up production
📝 Despite challenging start Continental optimistic on 45 billion euro sales in 2023
📝 UVeye raises $100 million in Series D funding
📝 Bentley recalls 1,600 Flying Spur sedans over loose rear infotainment systems
📝 This police department becomes first to have an all-electric Tesla fleet
📝 McLaren working on a new hybrid V8 engine, to be used in future supercars
📝 Ferrari working on combustion engines that won't die past 2035
📝 Toyota Accelerates EV Revamp With Extra $7 Billion Investment
📝 Nissan in talks to boost UK plant as Renault haggling continues
📝 GM, VW face idled capacity risk in China without faster EV transition -Greenpeace
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