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
Read More >>

🎤 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
Read More >>

🚗 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
Read More >>

⛟ 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
Read More >>

🏍 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
Read More >>

🚲 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
Read More >>

⚙ 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
Read More >>

🌇 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
Read More >>

🌢 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
Read More >>

🌍 Emissions/Environment

📝  India proposes talks on international norms for 'green, clean & low-carbon' hydrogen
Read More >>

💸 Finance & Insurance

📝  Tata Motors Finance opens IT Centre in Pune
Read More >>

📖 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
Read More >>

📰 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
Read More >>


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