Top Indian Automobile Industry News & Updates - 24 May 2023,Wednesday
🏢 Industry
📝 Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV
📝 ALD Auto completes acquisition of LeasePlan; makes local management changes
📝 Consumer forum asks car co to pay INR 29 Lakh to customer for defects
📝 M&M to exit Mahindra CIE Automotive via block deal
📝 Maruti Jimny to Honda Elevate SUVs: Cars to launch in India in June
📝 Himachal plans to encourage EV, to become Green Energy State by March 2026
📝 Automakers to invest $10 billion for enhancing EV manufacturing capacity
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🎤 Interviews & Features
📝 Tata Altroz CNG vs competition: Price comparison
📝 The Role of private companies and startups in the growth of the EV market in India
📝 How to stop your car in case of brake failure: Know how to react in such a situation and ensure safety
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🚗 Cars / SUVs
📝 Maruti estimates a fourth of its sales to be SUVs this fiscal
📝 Maruti Suzuki Jimny crosses 30,000 bookings: Price reveal on June 7
📝 Top 5 most affordable automatic cars in India: Alto K10 to Tata Tiago
📝 Swift rise in Maruti Suzuki’s royalty payments to parent
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Electric-Cars / SUVs
📝 Skoda unveils top variant Enyaq L&K: What’s new?
📝 Exclusive: Simple Energy to launch electric car by 2025. Electric motorcycle under development
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🚗 Luxury Cars
📝 Jaguar Land Rover partners with TCS to launch Open Innovation Programme in Israel
📝 Mercedes-Benz AMG SL55 to launch in India on THIS date
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⛟ Commercial Vehicles
📝 Ashok Leyland Q4 PAT falls 17% YoY to INR 751 crore
📝 Ashok Leyland hits top gear in Q4, charts over ₹600-crore capex in FY24
📝 Tata Motors to supply 50 Magna 13.5-metre buses to Vijayanand Travels
📝 Domestic CV industry set to scale new peak this year; Ashok Leyland to hike capex
📝 Leyland to invest up to ₹1,200 cr in Switch Mobility
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🏍 2/3 Wheelers
📝 FADA urges GST Council for tax reduction on two-wheelers to increase demand
📝 Yamaha YZF-R15 V4 Dark Knight Edition launched in India, priced at ₹1.82 lakh
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🚲 Electric 2/3 Wheelers
📝 Ola Electric teases S1 Air e-scooter, prices to start from INR 84,999, delivery from July
📝 Simple Energy launches e-scooter Simple One at starting price of INR 1,45,000
📝 Okaya Faast F series e-scooters to get costlier from June 1: Check details
📝 Ola Electric raises $300 million at a valuation of $6 billion
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⚙ Components
📝 Demand for EVs and PVs drive new business for Varroc, posts net profit of Rs 38 crore for FY2023
📝 Sansera Engineering net dips 5 pc to Rs 35 cr in March quarter
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🌇 Allied Industries
📝 Spinny finds used car market vibrant in Q1 2023; makes 70% home deliveries, facilitates 71% online purchases
📝 Mahindra XUV700 fire incident: Key learnings
📝 Amara Raja Batteries posts 41% rise in Q4 net profit; revenue up 11%
📝 Indian-global mills need technology breakthrough for Green Steel, face 30% cost increase
📝 JSW mulling foray into EV space: Jayant Acharya, Joint MD, JSW Steel
📝 TVS Srichakra Q4 net profit rises threefold to ₹21.92 crore
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🌢 Fuels, Lubricants & Charging Stations
📝 Aftermarket arm of Lumax Auto Tech to sell lubricants and coolants
📝 Target to blend ethanol in petrol envisaged at NSI
📝 Oil prices rise on outlook for higher gasoline demand, tighter supply
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🌍 Emissions/Environment
📝 India proposes talks on international norms for 'green, clean & low-carbon' hydrogen
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💸 Finance & Insurance
📝 Tata Motors Finance opens IT Centre in Pune
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📖 Magazines News
📝 Suzuki Jimny 5 door will not be sold in Europe
📝 Mahindra says XUV700 fire caused by tampered wiring
📝 Why the Maruti Jimny gets the older K15B petrol engine
📝 Mercedes Benz India rules out long wheelbase C Class
📝 Ferrari 296 GTS launched at Rs 6.24 crore
📝 Upcoming bikes to watch out for under Rs 4 lakh
📝 Simple Energy One launched at Rs 1.45 lakh; gets 212km IDC range
📝 Is the Honda CBR250RR really coming to India?
📝 Tata Altroz CNG vs rivals: price, specifications compared
📝 BMW M340i vs Volvo XC40 Recharge drag race: Turbo vs Charger
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📰 International News
📝 Tesla offers China-made electric vehicles for sale in Canada
📝 Daimler Truck subsidiary FUSO starts production of NextGen eCanter in Europe
📝 All-electric Skoda Enyaq gets new top-end variant with more power and range
📝 Mercedes-AMG plans to introduce E-Scooter for complete emission-free future
📝 Volkswagen Commercial Vehicles’ new Amarok price in UK to start from GBP 33,000
📝 Ford says it will stop competing in over-served markets, won't be all things to all people
📝 Belgium's ABEE seals USD 44 mn battery plant deal in North Macedonia
📝 Euro 7 emissions standard to cost many times EC forecasts -industry group
📝 US: Ford, Chevrolet, BMW, Mitsubishi, Chrysler recall over 1.3 million vehicles
📝 BMW i5 electric sedan leaked ahead of global debut
📝 Mini recalls 98,000 Cooper Hardtop and Clubman models over fire risk
📝 Ex-Apple intern with Rs 67,000 crore wealth gifts BMW, Aston Martin to his employees
📝 Honda to power Aston Martin's F1 title ambitions from 2026
📝 Ford reverses course, will keep AM Radio in EVs
📝 Tesla is offering more than $1300 discounts on some Model 3 cars in US
📝 Tesla to pick location for new factory this year, Musk says
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