Top Indian Automobile Industry News & Updates - 19 May 2023,Friday

🏢 Industry

📝  Automobile dealership industry revenues to grow by 11-13% in FY24: Icra
📝  Tesla discussed car, battery-making incentives with Indian officials
📝  FADA asks for immediate GST reduction on two-wheelers to 18%
📝  Tata Group leans toward UK over Spain for battery plant
📝  BLive EV opens store in Nalgonda, Telangana
📝  Stakeholder consultation on May 24 for next phase of Delhi EV policy
📝  Auto companies hiring more women to boost diversity
📝  FAME scheme: What is it, and what's all the brouhaha?
📝  Government's plans to reduce subsidies on electric 2-wheelers a retrograde step: Industry players
📝  Increased demand for private car ownership poses challenge to India’s sustainable mobility future says report
📝  Centre unlikely to offer import duty concessions to Tesla
📝  Govt offers auto PLI 2.0 to bring Tesla to India
📝  Nitin Gadkari urges carmakers to start preparation for BS7 vehicles, keep up with EU norms
📝  EV subsidies flawed and unfeasible, says Bajaj Auto MD Rajiv Bajaj
📝  No fitness certificate for vehicles fitted with LED/neon lights: Kerala HC
📝  Senior executives at Bhilai Steel Plant to get EVs in Chhattisgarh
📝  In Asia, India lags with EV penetration only around 1%
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🎤 Interviews & Features

📝  Upcoming Honda Elevate SUV: All you need to know
📝  Kia India eyes double-digit market share in next 2 years on the back of new launches and EVs: Myung-Sik Sohn, Chief Sales and Business Officer
📝  Opinion: If data is the new oil, connected cars are ‘oil fields’
📝  3 auto stocks Chakri Lokapriya is bullish on for near term
📝  Maruti Suzuki to double production capacity by 2030: SEO Srivastava
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🚗 Cars / SUVs

📝  Toyota Kirloskar Motor ramps up production by 30% with third shift operations
📝  2023 Volkswagen Tiguan launched in India: Priced at Rs 34.69 lakh
📝  Tata Harrier finds 1 lakh homes since its introduction in 2019. A look at SUV’s key features
📝  You may not be able to buy a Jeep Compass petrol anymore. Here's why
📝  Volkswagen Polo GTi Edition 25 revealed: Limited to just 2,500 units
📝  Force Gurkha pickup truck spotted in India
📝   Mahindra & Mahindra might unveil 5-Door Thar SUV on India's 75th Independence Day, suggests report
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🚗 Luxury Cars

📝  New Lexus LC 500h gets a bigger infotainment display. Will it come to India?
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⛟ Commercial Vehicles

📝  PMI Electro Mobility delivers 20 e-buses to Goa’s KTCL
📝  Olectra to have new e-bus factory operational by March ‘24 quarter
Read More >>

🏗 Construction & Agri Machinery

📝  Indrajeet Sengupta joins M&M Automotive as Chief People Officer
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🏍 2/3 Wheelers

📝  BS6 Phase 2 compliant Vespa Dual 125 & 150 launched, prices start at ₹1.32 lakh
📝  2023 KTM Adventure 390 lineup – Here’s what’s on offer
📝  Top 10 bikes with the best mileage in India
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🚲 Electric 2/3 Wheelers

📝  Two-wheeler electric vehicles may become expensive as government plans to cut FAME II subsidy
📝  Ola, Ather and other electric two-wheeler prices may rise soon. Here is why
📝  What all does Ather 450 X's Pro Pack come with?
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⚙ Components

📝  Wheels India draws up ₹200-cr capex for FY24 on favourable growth outlook
📝  India's Endurance Technologies Q4 core profit rises on healthy order book
📝  Diversifying auto products and localisation push drives FY2023 growth for Uno Minda
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🌇 Allied Industries

📝  Tata Elxsi sees smart uptick in profit in FY2023
📝  Robust demand drives growth for JK Tyre & Industries in FY2023
📝  Intangles launches ambient cognitive AI technology for EVs
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  BPCL plots Rs 49,000 crore CAPEX to be future-ready
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📖 Magazines News

📝  Range Rover SUV line-up will soon be hybrid only
📝  Volkswagen Tiguan gets updated interior; prices go up by Rs 49,000
📝  Honda Elevate bookings open unofficially for Rs 21,000
📝  Hyundai Exter India launch by mid-July
📝  Jeep Compass petrol engine discontinued; no replacement in sight
📝  FAME II subsidy amount could be reduced for electric two-wheelers
📝  TVS bikes, scooters to have cameras to detect rider helmet
📝  Toyota commences third shift at its India plant
📝  Tesla resumes India-entry talks with new factory proposal
📝  Mahindra Thar 2WD diesel waiting period extends to over a year
Read More >>

📰 International News

📝  Ford recalls 422,000 SUVs because rear view camera display may fail
📝  ZutaCore and Valeo present new solution for data centre cooling at Dell Tech World 2023
📝  Toyota, partners to start selling electric micro-vans by March 2024
📝  German carmakers call for post-Brexit rules to be postponed
📝  Volkswagen CFO says no decision yet on Trinity EV plant in Wolfsburg
📝  Porsche offers support for Apple Maps EV routing for iPhone users
📝  Panasonic plans two or more new battery factories in North America by 2030
📝  Aston Martin stock soars after USD 295 mn on Geely investment
📝  Volkswagen aims for 'margin parity' on some EVs by 2025
📝  BP targets farms and feedstock as biofuel race gathers pace
📝  EPA sends final biofuel blending mandate rule to White House for review
📝  Automaker warns over UK operations and calls for Brexit trade deal renegotiation
📝  Lyft says CFO Elaine Paul to step down, appoints replacement
📝  Volkswagen CFO says no talks with Huawei on software
📝  Ahead of G7, Japan PM welcomes more investment from global chipmakers
📝  Mexico's Kavak sets sights on capturing 5% of Colombia used-car market
📝  Volkswagen plans core brand revamp to boost returns -internal memo
📝  Tesla teases two EVs: Most affordable model in works
📝  Why China is wooing rural customers to switch to electric vehicles
📝  Hydrogen powertrain has a strong future, believes Toyota CEO
📝  Toyota official warns against dumping conventional vehicles for EVs too soon
📝  This stealthy Land Rover Defender is built like a tank. Details here
📝  This electric hypercar breaks record for breaking records, shatters 23 in 1 day
📝  Not enough resources for EVs to be only cleaner car option, says Toyota
📝  Hyundai, Kia agree to USD 200 million settlement in over US car thefts
Read More >>


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