Top Indian Automobile Industry News & Updates - 27 May 2023,Saturday

🏢 Industry

📝  HC stays Delhi govt's notice halting Rapido, Uber & other aggregators' services
📝  M&M profit rises 22% YoY to INR 1,549 crore in Q4 FY23
📝  Mahindra & Mahindra declares dividend of Rs 16.25 per share
📝  No road tax for EVs, hybrid vehicles for 5 years
📝  Tata Motors and Mahindra & Mahindra apply brakes on EV fundraise plans
📝  Mahindra raises capex outlay to INR 15,900 cr till FY24, will launch 5-door Thar next year
📝  This EV maker wants to launch India’s first Hydrogen fuel cell cargo 3-wheeler
📝  MSMEs to carry out overhaul of armoured vehicles
📝  Gensol Engineering ltd appoints Amit Kumar as CEO of EV leasing business
📝  8 new automated tracks to boost DL test capacity
📝  India's Mahindra and Mahindra flags persisting chip shortages as profit rises
📝  Mahindra’s auto business to see Rs 2,725 crore additional investment in FY2024, no investment currently outlined for BS7
📝  CBITA sends letter to MHI against clawing back subsidies from OEMs
📝  Electric vehicles: Reduction in subsidy will impact FAME II scheme, says advocacy group
📝  Tata Motors shifts gears; one in three passenger vehicles to be gas or electric-powered in near-to-mid-term
📝  Indian automobile sector’s recovery expected to sustain, says Motilal Oswal
📝  Campaign to lift old vehicles to resume
📝  Govt to amend rules to auction lithium, rare earth minerals
📝  Moody's upgrades outlook on Tata Motors to positive
Read More >>

🎤 Interviews & Features

📝  Maruti Suzuki Jimny: Small is the new Big
📝  How ESC serves as a building block for vehicle safety tech of the future
📝  Jay Thakkar is bullish on Ceat and M&M
📝  Maruti Suzuki Jimny review: For the gypsy at heart, goes everywhere, does almost everything
📝  Maruti Suzuki Jimny SUV review: Lifestyle vehicle battle gets scorching hot
📝  CNG cars could account for 25% of industry by end of decade: Tata Motors MD
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🚗 Cars / SUVs

📝  Nissan Magnite Geza Edition launched at Rs 7.39 lakh: Check what’s new
📝  MG Gloster 'Black Storm' Edition teased: What to expect
📝  Spinny rates Renault Kwid as the most popular used small car in India
📝  Maruti Suzuki Jimny vs Mahindra Thar: Which 4x4 SUV should you buy?
📝  Hyundai Exter to launch on this date, will rival Tata Punch and Maruti Fronx
📝  Tata Motors on the green path, every 3rd vehicle to be either CNG or EV
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Electric-Cars / SUVs

📝  Decoding EV abbreviations: Eight EV-related terms you should be familiar with in 2023
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🚗 Luxury Cars

📝  McLaren Automotive launches Artura in India, price starts at INR 5.09 cr
📝  Aston Martin DB12 unveiled with impressive 680 hp: Priced at Rs 4.8 crore
📝  McLaren Artura hybrid supercar launched in India at Rs 5.09 crore, gets top speed of 330 km/h
📝  McLaren to go slow on complete shift to electric cars
📝  McLaren drives in hybrid sports car Artura in India
📝  Not chasing sales, focus on solid customer experience: McLaren India
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⛟ Commercial Vehicles

📝  Future of electric trucks in India - adoption rate, efficiency, and growth outlook of the market
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🏗 Construction & Agri Machinery

📝  Case Construction plans export ramp up from India, targets US and Europe
Read More >>

🏍 2/3 Wheelers

📝  Kawasaki Ninja 300 gets a limited-period discount: Here's how much you can save
📝  Harley-Davidson X440 launch confirmed on July 4; to be built by Hero
Read More >>

🚲 Electric 2/3 Wheelers

📝  Ola S1 Air electric scooter deliveries to begin from July 2023: Bhavish Aggarwal
📝  Komaki launches updated TN 95 electric scooter at Rs 1.31 lakh: Check what's new
📝  Simple One vs TVS iQube electric scooter comparison
📝  E-Sprinto Amery EV with claimed 140 kms range launched at Rs 1.29 lakh
Read More >>

⚙ Components

📝  Samvardhana Motherson Q4 Results: Profit soars 436% YoY to Rs 654 cr; co posts highest-ever revenue at Rs 22,477 cr
📝  With global scale aspiration, Uno Minda goes overseas to showcase tech prowess, prepares for expansion in India
📝  Atmus Filtaration raises $275 million in initial IPO
📝  Tube Investments outlays 2400 cr capex for EV biz
Read More >>

🌇 Allied Industries

📝  Batteries for EVs: Lithium-ion and beyond
📝  Happy Forgings plans up to Rs 1,200 crore IPO
📝  LFP versus NMC: What is the right battery type?
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Indian oil companies await USD 300 mn dividend for business in Russia
Read More >>

💸 Finance & Insurance

📝  Sundaram Finance records highest disbursements in FY23
📝  What are different types of car insurance policies in India? Details here
Read More >>

📖 Magazines News

📝  XUV700, Thar, Scorpio N continue to dominate Mahindra SUV order book
📝  Nissan Magnite Geza Special Edition launched at Rs 7.39 lakh
📝  McLaren Artura launched at Rs 5.1 crore
📝  Supercharged Honda Africa Twin in the works?
📝  SCOOP! Honda Dio H-Smart leaked, India launch soon
📝  Updated Royal Enfield Meteor 350 spied testing
📝  Maruti Suzuki Jimny review: The new off-road hero
📝  Mahindra XUV400 vs Tata Nexon EV comparison: Challenger to the crown
📝  Switch EiV22 bus driven: Mumbai's new electric double decker bus
Read More >>

📰 International News

📝  Ford electric vehicle owners to get access to Tesla Supercharger network starting next spring
📝  Renault CEO says Euro 7 regulation distracting industry from electrification
📝  Ford, Tesla shares jump over 7% on Superchargers deal
📝  Laggard Italy battles EU over green car transition
📝  Rolls Royce Motor Cars appoints Anthony Zhao as new regional director for Greater China
📝  New BMW 5 Series launched with AirConsole gaming platform
📝  As electric cars boom, locals fear Chinese battery plant will harm land in drought-stricken Hungary
📝  Dutch watchdog looking into alleged Tesla data breach
📝  China auto giant BYD denies claims its cars failed emissions test
📝  Stellantis invests in US start-up Lyten to develop lithium-sulfur batteries
📝  LG, Hyundai Motor’s $4.3 billion EV battery plant to come up in USA
📝  Semiconductor index surges with Nvidia leading race to AI ‘gold rush’
Read More >>


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