Top Indian Automobile Industry News & Updates - 30 May 2023,Tuesday

🏢 Industry

📝  Gati designs green logistics solutions for Schneider Electric in select cities
📝  Mukesh Ambani-backed EV maker Altigreen is said to weigh raising $85 million
📝  Nifty Auto outperforms on revving vehicles sales. Will the index maintain momentum?
📝  Wardwizard establishes EV Centre of Excellence for defence personnel
📝  Mahindra & Mahindra shares jump over 5% after Q4 profit jumps 18%
📝   No more ride cancellations! Ola brings Prime Plus service for Bengaluru customers
📝  Tesla steps to revive India plans for projected capacity expansion
📝  New Energy Electric Vehicles in Gangbei District of Guigang City Enters the ASEAN "Blue Ocean" Market
📝  Dual use of autorickshaws for cargo and passenger transport feasible: WRI India
📝  Kochi to have special zone for electric vehicle industry
📝  Analysts pencil in 38% upside for M&M after a robust Q4
📝  M&M stock likely to retain momentum amid strong SUV show
📝  Mahindra sees no hit to rural sales
📝  M&M: Focus on EVs, clear timelines
📝  Mitsubishi, Tesla, Ola Electric to bid for India's lithium reserves
📝  Mahindra & Mahindra stock jumps nearly 4%; m-cap climbs ₹5,919 crore after earnings announcement
Read More >>

🎤 Interviews & Features

📝  INR45,000 crore cash reserves, 3.5 million sales by 2030: what’s behind Maruti’s mega expansion
📝  10 Maruti Jimny features that Mahindra Thar does not offer
📝  Tata Altroz CNG first drive review: Evolution wins against excuses
📝  Our focus right now is to grow all our businesses: Anish Shah, Mahindra Group
📝  Can EVs fill the diesel ICE space?
📝  MG Gloster gets an all black edition: Here’s how much it is priced
📝  Get ready to pay more for your electric scooter
Read More >>

🚗 Cars / SUVs

📝  MG Motor India introduces Advanced Gloster Blackstorm for INR 40.30 lakh
📝  Nissan introduces Magnite Geza Special Edition at INR 7.39 Lakhs
📝  Maruti Suzuki expects production loss in Q1; anticipates some relief from July
📝  Mahindra Thar 5-door launch in 2024: No new launches in 2023
📝  'Shubman Gill's Mahindra Thar must be growling with pride': Anand Mahindra lauds ace GT batter
📝  Used car startups take a U-turn as sales remain sluggish
📝  Maruti Suzuki Jimny: Banking on Gypsy's legacy to take on the SUV challenge
📝  Honda Elevate new spy shots emerge: Exterior design clearer
📝  No petrol/diesel 4x4 SUVs from Tata Motors: Off-road tech to next be seen in electric avatar
📝  Hyundai's new headlamp tech can reduce accidents: Displays driving info on the road
📝  Planning to buy Maruti Suzuki Fronx? Know the waiting period for the SUV
Read More >>

Electric-Cars / SUVs

📝  Cutting-edge technology, superior performance & a sustainable future: Why Kia EV6 is the talk of the town
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🚗 Luxury Cars

📝  Ajay Devgn buys super luxury BMW i7 EV worth Rs 1.95 crore, comes with cinema screen to play PS5
📝  Next-gen Lexus LBX SUV exterior teased: Global debut on June 5
Read More >>

⛟ Commercial Vehicles

📝  Electric buses set to ply on selected routes in Lucknow, Ghaziabad as pilot project
📝  NueGo expands intercity e-bus service operations in southern India
📝  Omega Seiki Mobility in talks to raise $100 mn
📝  Delhi could soon get 'premium' buses: Govt propose new bus aggregator scheme
Read More >>

🏗 Construction & Agri Machinery

📝  Tractor industry to grow in low single digits: Mahindra & Mahindra
Read More >>

🏍 2/3 Wheelers

📝  New Bajaj-Triumph Scrambler vs Harley-Davidson X440: Which upcoming motorcycle should you buy?
📝  Royal Enfield's anticipated Himalayan 450 motorcycle spotted testing in India. What to expect
Read More >>

🚲 Electric 2/3 Wheelers

📝  FAME electric two-wheeler beneficiary tally slashed
📝  Buy Ola, Ather, Chetak electric scooters now and save up to Rs 35,000: Here’s how!
📝  Ola Electric scooters saved over 2 crore litres of petrol in 18 months, says CEO
📝  Conventional 2W makers take prime spot in EV sales, courtesy Bajaj, TVS
Read More >>

🌇 Allied Industries

📝  Goodyear's India unit posts near two-fold jump in Q4 profit on easing costs
📝  Balkrishna Industries shares tumble 9% after Q4 profit declines 31% YoY
📝  Debt-to-earnings ratio of steel producers to remain below 2 times in FY24: Crisil Ratings
📝  Local steel prices may fall further on China exports
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  BPCL teams up with BARC to scale up alkaline electrolyzer tech for green hydrogen production
📝  Oil rises after US leaders strike provisional debt deal
📝  Electric vehicles use 11 different fluids, says Debanjali Sengupta of Shell Lubricants
📝  BPCL develops ethanol-diesel blend to reduce emissions
Read More >>

🌍 Emissions/Environment

📝  Carbon emissions spectrum and the steps to decarbonize the Built Environment
📝  Nitin Gadkari reiterates need to develop greener fuels. Details here
Read More >>

💸 Finance & Insurance

📝  Will borrow about ₹60,000-cr for FY24: Shriram Finance, MD & CEO
📝  Why Should You Buy Car Insurance Online in India?
Read More >>

📖 Magazines News

📝  Is this the Royal Enfield Hunter 450?
📝  Tata Altroz CNG review: Best of both worlds?
📝  MG Gloster Blackstorm edition launched at Rs 40.30 lakh
📝  Honda Elevate fresh spy shots show more details
📝  Next gen Lexus GX SUV teaser previews rugged luxury off-roader
📝  Kia Sonet facelift global debut next year
📝  Maruti Suzuki Brezza long term review, 3,600km report
📝  What we learnt driving 4,500km in an EV
Read More >>

📰 International News

📝  Nvidia, MediaTek partner on connected car technology
📝  Tesla Cybertruck interior image leaked: Steering mounted indicators, instrument cluster delete and more
📝  Tesla Model Y is first EV to become world’s bestselling car. Details here
📝  How smart cars are overturning China’s age-old auto supply chain
📝  Honda Elevate SUV, to debut on June 6, spotted testing in Japan
📝  United States EV push attracts Australian mineral sales
📝  This is the first EV designed in Africa, debuting in 2026. Details here
📝  Tesla to open Superchargers to non-Tesla EVs in Canada
Read More >>


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