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
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🏗 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
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🌢 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
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📰 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
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