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
Read More >>

🎤 Interviews & Features

📝  2023 Skoda Kodiaq SUV: All you need to know
📝  2023 Skoda Kodiaq launched: 5 things to know
Read More >>

🚗 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
Read More >>

🏗 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
Read More >>

🏍 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?
Read More >>

🚲 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'
Read More >>

⚙ 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
Read More >>

🌇 Allied Industries

📝  Ceat plans to enter US market by year-end
📝  Can helmets prevent divorce? Check this bizarre traffic violation report
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Himachal eyeing to use pine forest residue as biofuel
Read More >>

📖 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
Read More >>

📰 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
Read More >>


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