Top Indian Automobile Industry News & Updates - 23 May 2023,Tuesday
🏢 Industry
📝 Govt cuts FAME-II subsidy on electric 2-wheelers from June
📝 Electric 2W sales may suffer on Centre’s lower FAME II subsidy ‘shock’
📝 e-Mobility push: Vande Bharat Express trains set to cover all states by June
📝 Provide digital load display on vehicle dashboard to eliminate harassment, Gadkari to automakers
📝 CSR funds for management, automation at driver training institutes
📝 Automakers to pump $10 billion in building EV capacity by 2030
📝 Mahindra responds to XUV700 fire on Jaipur highway: Alleges tampering to original wiring
📝 Porter plots $6 million investment in UAE, marks international expansion
📝 Auto sector's weight in FPI portfolio at multi-month high
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🎤 Interviews & Features
📝 Looking forward to becoming number one and dominating the SUV space: Shashank Srivastava, Maruti Suzuki
📝 Why carmakers aren’t launching plug-in hybrid cars in India
📝 Green mobility for a better and cleaner future
📝 Re-imagining a new logistics experience with ULIP
📝 We see exports to remain in the range of 15% to 20%: Jayant Acharya, JSW Steel
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🚗 Cars / SUVs
📝 Tata Altroz CNG version launched at starting price of Rs 7.55 lakh
📝 Maruti Suzuki ties up with Chola for dealer inventory financing
📝 Maruti Suzuki Jimny gets over 30k bookings, launches first week of June
📝 Mahindra Thar SUV achieves one lakh sales mark: Details inside
📝 This carmaker is going the extra mile to save lakes, ponds and villages at Oragadam
📝 Hyundai Motor India Foundation launches 5 ‘Sparsh Sanjeevani’ Telemedicine clinics in Odisha
📝 Maruti Suzuki ties up with Chola for dealer financing solutions
📝 Maruti Suzuki Jimny ARAI mileage revealed: Better than Mahindra Thar 4X4
📝 Mahindra Thar 5-door spied on test yet again: Everything we know so far
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Electric-Cars / SUVs
📝 MG Comet EV deliveries begin in India: Here’s a look at the car’s top features
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🚗 Luxury Cars
📝 Ferrari 296 GTS launched in India: Priced at Rs 6.24 crore
📝 Mercedes-Benz SL 55 AMG India debut on June 22: Get's a 4.0-litre V8
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⛟ Commercial Vehicles
📝 100 electric buses to ply on old CTU routes soon
📝 BEST becomes official transport partner for G20 delegates in Mumbai
📝 Electric bus subsidy withdrawal to pinch commuters with costly tickets
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🏍 2/3 Wheelers
📝 Honda CL300 scrambler design patent filed in India: Details
📝 Top 10 2Ws in April: Hero Splendor, Honda Activa retain top spots; Bajaj Pulsar, Platina and TVS Apache sales improve
📝 Piaggio Vehicles adds Vespa Dual to its product portfolio
📝 Most affordable 150cc motorcycles: Bajaj Pulsar, Hero Xtreme 160R much more
📝 Domestic sales could rise 17% but exports may dip 25% in 2023: Yamaha chief
📝 Simple ONE electric scooter launch tomorrow: What to expect from this Ather 450, Ola S1 rival
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🚲 Electric 2/3 Wheelers
📝 Royal Enfield in top gear to launch electric motorcycles: CEO
📝 Ather 450X will cost more from June 01, 2023. This is how much it will cost
📝 Ola Electric secures $300-million funding at $6-billion valuation
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🌇 Allied Industries
📝 Esmito gets AIS156 Phase 2 certification for L3 and L5 category batteries
📝 Continental Tires collaborates with Indag Rubber to promote retreading
📝 REE Automotive partners with Japanese KYB to develop next-gen EV platform
📝 Apollo Tyres plans capex-light model for FY24 & FY25
📝 Siemens dips 10% after board okays sale of low voltage-geared motors biz
📝 Street unhappy over Siemens' plan to sell its low-voltage motor unit
📝 Battery storage is key to unlocking India’s clean energy leadership potential: Rahul Walawalkar
📝 JSW Steel, Japan's JFE Steel ink agreement to manufacture electrical steel in India
📝 JSW Steel to acquire National Steel and Agro for Rs 621 crore
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🌢 Fuels, Lubricants & Charging Stations
📝 Domestic crude oil production falls 4%, natural gas declines 3% in April: Oil ministry data
📝 BPCL Q4 net more than doubles to ₹6,478 crore
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🌍 Emissions/Environment
📝 Proposed ban on diesel 4-wheelers to have little impact on refineries
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💸 Finance & Insurance
📝 Cholamandalam to tread cautiously in EV financing in the near term
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📖 Magazines News
📝 Maruti Suzuki Jimny launch on June 7
📝 Tata Altroz CNG launched at Rs 7.55 lakh
📝 Mercedes-AMG SL55 India launch on June 22
📝 Yamaha R15 V4 Dark Knight edition launched at Rs 1.82 lakh
📝 Electric scooters, bikes to get costlier from June 1
📝 Honda CL300 scrambler patented in India, launch possible
📝 Next-gen Toyota Vellfire, Alphard leaked ahead of June 2023 global debut
📝 Is the Honda CBR250RR really coming to India?
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📰 International News
📝 Ford says it will stop competing in over-served markets, won't be all things to all people
📝 Ford signs deal with Nemaska Lithium in push to boost EV output
📝 Toyota wants to make more than just EVs — and has plenty of company
📝 BMW Concept Touring Coupe is a classic example of shooting brake body style
📝 Applied Materials to invest USD 4 bn in Silicon Valley chip research center
📝 Electric trucks pick up speed despite bumpy road
📝 Tesla releases teaser image of entry-level ‘Model 2’ electric car
📝 Oil down 1%, US debt caution offsets supply worries
📝 Hagerty launches commercial valuations service in UK
📝 Volvo wins record order for electric trucks from Holcim
📝 Indra appoints Jose Vicente de los Mozos as chief executive
📝 Continental sells its Russian plant to S8 Capital
📝 Aston Martin DB11 successor interior teased: Unveil on May 24
📝 Tesla is offering more than $1300 discounts on some Model 3 cars in US
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