Top Indian Automobile Industry News & Updates - 29 Sep 2023,Friday

🏢 Industry

Now, Tesla rival VinFast looks to make in India
Vietnamese electric vehicle maker VinFast Auto – a deemed Tesla rival that emerged as the world’s third most valuable carmaker last month – is mulling setting up a manufacturing unit in India, multiple people aware of the development told ET.

CDIL becomes first Indian company to start production of Silicon Carbide device
The Union Minister of State for Electronics and Information Technology, Rajeev Chandrasekhar, virtually inaugurated the new Surface Mount Semiconductor Packaging Line, at Continental Device India Private Limited’s (CDIL) Mohali plant today.

Ashwani Muppasani is appointed to be COO of Stellantis India & Asia Pacific from Nov 1, 2023
Stellantis has appointed Ashwani Muppasani, currently China National Sales Company head since July 2022, as Chief Operating Officer of Stellantis India & Asia Pacific, replacing Carl Smiley who has decided to prioritize his private life.

Gadkari's new blueprint to curtail fossil fuel dependency is ready for FM's nod
Road and Transport Minister Nitin Gadkari on Thursday said that the draft for policy to incentivise construction machinery using alternative fuel has been prepared. He further said that the proposal will be shared with the finance ministry for approval, without giving a definite timeline.

Yamaha Pavilion attracts motor sports enthusiasts at MotoGP Bharat 2023
New Delhi: The MotoGP Bharat 2023 event at Buddh International Circuit (BIC) witnessed an exciting weekend of racing. The Yamaha Pavilion at the heart of the Fan Zone attracted motorsport enthusiasts and Yamaha fans alike. From September 22 to 24, 2023, over 25,000 visitors flocked to the Yamaha Pavilion during the MotoGP Bharat event.

Toyota Group company to sell 2W EV powertrains in India through new JV: Details
Japanese two-wheeler and four-wheeler transmission components maker Musashi Auto Parts India Pvt Ltd has announced that it has entered into a joint venture (JV) with Delta Electronics, Inc. and Toyota Tsusho Corporation, a Toyota Group trading company, to sell EV drive units for two-wheelers in India. Under this JV called Musashi Delta e-Axle India Private Limited, Musashi and Delta will jointly develop the EV drive unit and Toyota Tsusho will handle the distribution through its global logistics network.

Toyota looks to set up third manufacturing plant in India
Japanese auto major Toyota is looking to set up a third manufacturing plant in India with its two facilities in the country running at almost full capacity, according to industry sources. Bengaluru-based Toyota Kirloskar Motor, a joint venture between Toyota Motor Company and Kirloskar Group, currently operates two plants in the country with a total production capacity of around 3.42 lakh units per annum.

Nifty Auto index stocks: EV transformation to decide the winner
In a large number of countries, the transportation index is considered a leading indicator of what is happening in the economy. There is a good reason for it, higher activity in the transportation sector indicates higher economic activity and gives an advance indication of any slowdown or recovery. In India, we don't have any such reliable index given the fact that in our country a large part of transportation is done by railways. However in India probably what is happening in the auto sector gives a fair idea of what is happening to the economy. We take a look at what analysts' views are on segments and sub-segments of the auto industry.

EV services to be introduced at key tourist destinations in UP: CM Adityanath
Adityanath inaugurated an exhibition on tourist places of UP, released an 'A to Z' booklet on them, distributed kits to members of the Youth Tourism Club and honoured leading tourism entrepreneurs of the state, a statement said.

Car sales in September set to touch fresh highs on strong festive demand

Mumbai: Car sales in India are estimated to scale new highs in September taking the monthly, quarterly and first half (fiscal year) volumes to a record high. Fueled by an encouraging consumer demand in the ongoing festive season and spate of new model launches in the SUV segment that has helped sustain buyer interest, car makers are likely to dispatch around 365,000-370,000 units in September 2023 implying a growth of 3-4%, according to the industry sources. Auto firms in India count dispatches to dealers as sales.

“We do expect the September sales to be one of the highest ever for the industry crossing 360,000 units. Even as the absolute volumes are expected to be high, the percentage growth may not be high on account of a high base of September 2022 when the wholesales stood at 355,000 units,” said Shashank Srivastava, senior executive officer- sales and marketing at car market leader, Maruti Suzuki India.

Tata Motors is up 60% in 2023. Does this stock have room to rise?

Transport ministry finalising policy for using municipal waste in road construction: Nitin Gadkari

📝 Sales of alternative fuel vehicles double in three years
Read More >>

🎤 Interviews & Features

2023 Tata Nexon vs Honda Elevate: Can the Tata SUV punch above its weight?
Size, feature differences

Fuelling a sustainable future: The global biofuel alliance’s impact on India’s socio-economic development
In recent years, the global agenda has witnessed an increasing emphasis on sustainability and environmental consciousness. Among the escalating concerns regarding fossil fuel consumption, biofuels have emerged as a promising solution. Within the Indian context, the promotion of biofuels has gained significant momentum, not only for their potential to reshape the energy landscape but also for the wide-ranging socio-economic and environmental benefits they offer.

Top features Hyundai Exter CNG has over Maruti Fronx CNG
Automobile manufacturers are catering to all SUV segments including CNG. We decided to pit two of the latest compact SUVs in the market in their CNG avatar, the Hyundai Exter and the Maruti Suzuki Fronx and find out which one comes packed with features.

Best Car Air Fresheners in India: Experience a breath of fresh air with long-lasting car fragrances
Source Credit: The Economic Times (Team ProductLine)

Small but potent items like car air fresheners have the power to completely change the mood inside a car. These fragrant marvels come in a variety of forms, proportions, and scents, giving drivers the option to customize their driving experience. Whether it's the stimulating aroma of citrus, the calming aroma of lavender, or the reviving scent of pine, automobile air fresheners can get rid of bad odors and make the surroundings pleasant. They are simple to use and usually hang from the rearview mirror or fasten to the air vents, continuously dispensing scent while you drive.

Car air fresheners not only cover up unpleasant odors but also give your everyday commute a little freshness and relaxation. So, give your cars new Car Air frenshners today!

1. Airodo aer twist, Car Air Freshener, Cocktail Crush Purple

We expect optimism and confidence to continue through Q3: Rajiv C Lochan, Sundaram Finance
"So all sort of asset classes under that, whether it is at the tipper end of the segment or excavators, backhoe loaders and more sophisticated construction equipment, there is a pretty robust demand so much so that there is actually demand for these overseas as well," says Rajiv C Lochan, MD, Sundaram Finance.

🚗 Cars / SUVs

Exploring beyond the usual with Maruti Suzuki Grand Vitara
When it comes to holidays on a beach most Indians end up planning a trip to Goa for many reasons. While Goa is a great place for a vacation, India is blessed with an extensive coastline. As a result, there are many places in addition to Goa that offer breathtaking views of the ocean. However, for us motoring enthusiasts these destinations more importantly offer great roads with soothing views. One such example is the Chennai-Puducherry ECR (East Coast Road), which runs along the sea. We recently drove not only between these two beautiful yet vastly different cities but also around them in the Maruti Suzuki Grand Vitara Smart Hybrid.

Hot wheels? Over three million Hyundai, Kia cars recalled in US over potential fire risk
The gravity of the problem can be ascertained from the fact that the affected Hyundai and Kia models are at a fire risk even when parked and when the ignition is off. Hyundai Motor Group, for now, has advised owners of such vehicles to park their cars in open areas.

Maruti Suzuki signs MoU with a Jaipur college to offer training in auto retail
The Company and the institute have jointly developed the course curriculum, in line with the requirements of the Indian automobile industry, adhering to the prescribed UGC guidelines.

New-gen Skoda Kodiaq design sketches revealed ahead of global debut
Skoda has officially released design sketches of the new generation Kodiaq on its website, ahead of its global premiere on October 4. The official sketches reveal the exterior design of the upcoming SUV. The Czech carmaker had previously shared images of its interiors and powertrain details of the new-gen Kodiaq.

Škoda Auto Volkswagen India net up 49% in FY23 at INR 309.5 cr
Škoda Auto Volkswagen India posted a 48.6% rise in its standalone net profit at INR 309.5 crore in the fiscal ended March 31, 2023 riding on strong revenue growth, according to financial data accessed by business intelligence platform Tofler. The company had posted a net profit of INR 208.34 crore in the fiscal ended March 31, 2022.

Isuzu Motors India opens 3S dealership in Nashik, Maharashtra
Isuzu Motors India, a subsidiary of Isuzu Motors Limited, Japan, Thursday inaugurated a new 3S (Sales, Service & Spares) dealership, Mahajan ISUZU, in Nashik, a growing industrial and agricultural hub in Maharashtra.

Hyundai Exter waiting period reaches 8 months, check out other options
Hyundai is basking on the glorious success of Exter which has garnered over 75,000 bookings since it was launched over two months ago. As a result, waiting periods for the new micro SUV have increased significantly. To counter the demand, the Korean manufacturer is trying to increase its supply by ramping up its production by 30%.

First Drive: Kia Seltos SUV facelift is flag bearer
Source Credit: Deccan Chronicle

Kia, the South Korean car giant, started its India journey back in 2019 with the launch Seltos SUV and took the competitive mid-size SUV market by storm, giving rivals a run for their money.

Toyota looking to set up third manufacturing plant in India

Electric-Cars / SUVs

Tata Punch EV spotted with Harrier-derived front-end and fake exhaust
What is interesting is that Tata Motors is trying to hide the fact that they are testing the Punch EV. In the images, the test mule can be seen with a fake exhaust. Apart from this, the test mule was also not equipped with rear disc brakes which were spotted on a test mule before. It seems like Tata is testing both versions of the Punch.ev.

Tata Punch EV spied, may compete with MG Coment and Citroen C3
Tata Motors is reportedly working on an electric version of its entry-level SUV, the Punch.

🚗 Luxury Cars

Lexus LM bookings cross triple-digit mark within a month of its debut in India
New Delhi: Lexus India, has announced that the bookings for its flagship luxury MPV, the all-new majestic Lexus LM have crossed the triple-digit mark. It secures orders with deliveries going beyond festive season 2024, the company said.

Mercedes-AMG G 63 Grand Edition launched! Only 25 units to sell in India; here's how to qualify for it
Mercedes-Benz India has introduced the latest AMG G 63 Grand Edition with a price tag of ₹4 crore (ex-showroom, India). This exclusive model, the Mercedes-AMG G 63 Grand Edition, is available in limited quantities, with only 25 units allocated for India out of the total production of 1,000 units worldwide.

BMW iX1 luxurious electric car with 440 km range, 1.6 lakh km battery warranty launched in India
BMW today launched a luxurious electric vehicle, the iX1, in India. Priced at Rs 66,90,000, the BMW iX1 is available in Alpine White non-metallic paint and Space Silver, Black Sapphire and Storm Bay metallic paintworks. The choice of upholstery includes Veganza Perforated Mocha and Veganza Perforated Oyster.

BMW iX1 vs Volvo XC40 Recharge: Specs, range and price comparison
Source Credit: Sahil Kukreja, The Times of India

The Indian luxury EV space has witnessed the launch of two brand new offerings this month, first in the form of the Volvo C40 Recharge coupe e-SUV, and now the BMW iX1 - the Bavarian brand's most affordable electric car in India. With a similar price tag, the two luxury EVs will surely give competition to one another.

Here is a specifications and price comparison between the new BMW iX1 and the Volvo C40 Recharge to help you find out which one offers better value for your money -

Battery and electric motor specs
The BMW iX1 is equipped with a 66.4 kWh battery providing a range of 440 km on a single charge as per the WLTP test cycle. The electric SUV gets dual electric motors for AWD, producing a combined 309 hp and 494 Nm, helping it sprint from 0 to 100 km/h in 5.6 seconds.

A luxury car that makes you feel like a superhero

⛟ Commercial Vehicles

GreenCell Mobility secures Green Loan Project Finance from Standard Chartered Bank
GreenCell Mobility has announced its green financing deal with Standard Chartered Bank to finance their Surat E-Mobility project, making it a notable financing partnership in India’s electric mobility sector. The deal was made possible with Standard Chartered Bank, which served as the sole mandated arranger, lender, and green loan coordinator for the Rs 1.25 billion Project Finance Facility.

Daimler India posts first profit since inception, revenue cruises past ₹10,000 cr.
Daimler India Commercial Vehicles (DICV), the Indian arm of Daimler AG, has posted profit for the first time since inception while sales revenue cruised past the ₹10,000-crore mark in FY23 on account of strong offtake in the domestic market and sustained demand in the overseas market.

🏍 2/3 Wheelers

Honda Activa Limited Edition scooter launched in India, price starts at Rs 80,734
The Activa 3D emblem gets premium black chrome garnish while the rear grab rail also gets a body color dark finish. The Activa Limited Edition boasts two attractive colour shades: Matte Steel Black Metallic and Pearl Siren Blue. Further enhancing the overall convenience factor, it now gets alloy wheels in the DLX variant as well while the top-spec variant features Honda’s revolutionary Smart Key.

Jawa Yezdi Motorcycles launches new versions of Jawa 42 and Yezdi Roadster at INR 1.98 lakh, INR 2.08 lakh
New Delhi: Jawa Yezdi Motorcycles has introduced premium additions to two of its motorcycles - Jawa 42 and Yezdi Roadster. These machines flawlessly blend classic design with cutting-edge performance, embodying true neo-retro aesthetics. Made in India for the global markets, prices for the new Jawa 42 Dual Tone starts at INR 1,98,142, and for the new Yezdi Roadster at INR 2,08,829.

Bollywood actor John Abraham rides a BMW M 1000 RR safety bike at MotoGP 2023
John Abraham also recently took delivery of Suzuki Hayabusa. He opted for the Metallic Sword Silver with Candy Daring Red paint shade. John also used to own the first generation of the Hayabusa. Other motorcycles that are in his garage are Aprilia RSV4 RF, BMW S 1000 RR, Ducati Panigale V4 with an SC Project exhaust, Yamaha YZF-R1, Kawasaki Ninja ZX-14R, MV Agusta F3 800, Yamaha V-Max 60th anniversary special, KTM 790 Duke, and more. He also owns cars like the Porsche Cayenne, Nissan GT-R, Audi Q3, and the Isuzu D-Max V-Cross.

Honda Motorcycle & Scooter India partners with Mohun Bagan Super Giant as associate sponsor
Honda Motorcycle & Scooter India (HMSI) has announced its collaboration as an associate sponsor of football club Mohun Bagan Super Giant (MBSG), for Indian Super League (ISL) 2023-24 for a period of 11 months.

Top 10 best-selling two-wheelers in August 2023 — Bajaj, Honda post negative sales
As another month passes in 2023, two-wheeler makers have seen mixed sales numbers as Honda and Bajaj have registered negative YoY growth with their popular models. However, with new product launches and the festive season in sight, two-wheeler sales will witness growth.

🚲 Electric 2/3 Wheelers

Two-wheeler majors TVS, Bajaj Auto close the gap with startups in EV game

⚙ Components

Uno Minda to hike stake in JV with Westport to 76% for growth in CNG and other fuel market
New Delhi: Uno Minda Board has approved 26% increase in the stake in Minda Westport Technologies Limited (MWTL) to 76%, from 50%, by acquiring it from its joint venture partner Westport Fuel Systems Italia S.r.l. (Westport) for about INR 14,81 crore

Indian EV charger maker Exicom Tele-Systems files for $48 million IPO
Source Credit: Reuters, Business Standard

India's Exicom Tele-Systems, which makes electric-vehicle chargers and energy storage systems, has filed for an initial public offering worth 4 billion rupees ($48.1 million), and an offer for sale of up to 7.4 million shares, a draft paper filed with the market regulator showed on Thursday.

Rane Madras floats wholly owned subsidiary in Mexico

🌇 Allied Industries

SAT dismisses Sebi penalty on Apollo Tyres in share buyback case
The Securities Appellate Tribunal (SAT) on Wednesday quashed the order passed by Sebi imposing a fine of INR 65 lakh on Apollo Tyres for violating norms pertaining to buyback of shares back in 2003. Dismissing the regulator's directive, the appellate tribunal has directed the Securities and Exchange Board of India (Sebi) to refund the penalty amount deposited by Apollo Tyres within four weeks, according to the SAT order.

CRED brings vehicle-related management to its mobile app with CRED Garage
The CRED Garage will give vehicle owners a single dashboard to access vehicle-related services. Select members will get access to priority 24x7 concierge service answering queries on maintenance, servicing and insurance claims. The CRED garage is part of the CRED app and does not require a different app.

Park+ aims to be profitable in Q4 of FY24, achieve full-year profitability in FY25
Gurugram-based startup Park+ will become profitable in the January-March 2024 quarter, its founder and CEO Amit Lakhotia claimed in an interview with Mint. Thereafter, it is targeting full-year profitability in FY25. The company has been in losses since it was founded in 2019.

Gensol EV Lease bags order worth Rs 75 crore for 500+ EV cargo vehicles
Gensol EV Lease Pvt Ltd, a subsidiary of Gensol Engineering Limited, an EV-focused leasing solutions provider, on Thursday announced that it has bagged an order for more than 500 Tata Ace Cargo EVs. The order, it said, is valued at Rs 75 crore and is from an all-electric logistics company. An Initial batch of 20+ EVs have already been leased, with the remaining cars to be deployed over the next 6 months across 5 states in India – Maharashtra, Karnataka, West Bengal, Tamil Nadu and Telangana, the company said in a regulatory filing.

Amara Raja Batteries Limited changes name to reflect broader focus
Amara Raja Batteries Limited, known on BSE: 500008 and NSE as Amarajabat, has changed its name to Amara Raja Energy & Mobility Limited (ARE&M). The new name represents the company's shift from solely battery manufacturing to a provider in the Energy & Mobility sector.

The story of a INR 1,788 crore fine: Tyre makers, cartelisation and calculation errors

This is the story of a mega fine that began more than a decade ago and has now got entangled in challenges and counter-claims. On Monday, the Supreme Court sought a response from the Competition Commission of India (CCI) on an appeal filed by one of the fined companies, MRF Ltd.

Eveready Industries India plugs in 'Ultima' to power up premium play

Amara Raja Batteries Ltd.’s shares rise on rebranding
Amara Raja Batteries Limited’s shares were up by 0.51 per cent after the company officially rebranded itself as Amara Raja Energy and Mobility Limited (ARE&M). This move marks the culmination of a two-year journey aimed at transitioning from a battery manufacturer to a comprehensive solutions provider in the Energy and mobility sector.

🌢 Fuels, Lubricants & Charging Stations

Russian oil sold to India at 30% above Western price cap
Russia is selling oil to India at nearly USD 80 per barrel, some USD 20 above the Western price cap, traders said and Reuters calculations showed, as tight global oil markets help Moscow generate strong appetite for its exports.

Mahanagar Gas sets INR 800 crore capex for CNG, PNG infrastructure boost for FY24: MGL MD Shinghal
New Delhi: Mahanagar Gas Ltd (MGL) plans a capital expenditure ofINR 800 crore this fiscal year, focusing on infrastructure for compressed natural gas (CNG) and piped natural gas (PNG), the firm's Managing Director Ashu Shinghal told ET Energyworld in an interview.

💸 Finance & Insurance

How to choose the right car insurance policy: Key tips
Here are some tips to pick the right insurance policy for your car.

Cred launches vehicle management platform Cred Garage, makes first move into motor insurance distribution
Fintech startup Cred has launched a new platform, Garage, through which it will seek to help users renew their car insurance and recharge FASTags, among other activities.

SBI approaches Reserve Bank of India over priority loan tag for electronic vehicles

📖 Magazines News

India-bound Kia Carnival facelift global debut soon
SC Autocar India

Ahead of its global debut in the coming months, new spy shots of the heavily updated Kia Carnival have surfaced previewing fresh looks with some bold design cues.

Maruti Suzuki Jimny AT long term review, 2,700km report
Source Credit: Autocar India

The Jimny is an off-roader first. This is apparent even after just a few minutes behind the wheel. Almost every single part of its body-on-frame construction is specifically engineered or optimised for off-road grip, traction and ground clearance. And it isn’t just the mechanical bits, even the general layout is executed with off-road driving in sharp focus.

BMW iX1 electric SUV launched at Rs 66.90 lakh

10.7-inch touchscreen infotainment

📰 International News

Volkswagen restarts production after suffering major IT outage
Volkswagen said on Thursday that a major IT outage, which had caused most of its German plants to halt production, was resolved overnight and its global production network was up and running again.

Volkswagen hit by IT outage, VW vehicle production in Germany halted
Volkswagen said it was hit by a major IT outage on Wednesday, causing production at the carmaker's namesake brand in Germany to come to a halt.

United Auto Workers present new counter-proposal to Chrysler parent Stellantis ahead of planned strike
United Auto Workers (UAW) presented a fresh counter-proposal on September 28 to Stellantis, the parent company of Chrysler, just one day before the union planned to strike at additional Detroit Three automotive facilities, with no serious progress in ongoing labour negotiations, reported Reuters.

Union urges US regulators to deny GM's self-driving Cruise a safety exemption
The International Brotherhood of Teamsters union on Wednesday asked U.S. auto safety regulators to deny a petition by General Motors to exempt its autonomous vehicle unit Cruise Origin from vehicle safety standards.

Toyota unveils new features and Nightshade edition of 2024 Highlander Hybrid SUV
The Highlander is available in Front-Wheel or All-Wheel Drive options, with various AWD systems, including electronic on-demand AWD for Hybrid grades, mechanical AWD for gas LE and XLE grades, and Dynamic Torque Vectoring AWD for gas XSE, Limited, and Platinum grades. The 2024 Highlander can achieve a manufacturer-estimated 36 MPG combined rating for Hybrid (LE/FWD) and up to 29 MPG for the gas model (LE/FWD).

US lawmakers demand documents on Ford battery partnership with CATL
The chairs of three U.S. House of Representatives committees demanded Ford Motor turn over documents tied to its partnership with Chinese battery company CATL and threatened to call CEO Jim Farley to testify before Congress.

Sweden's Northvolt to build USD 5.2 bn battery factory in Canada
Swedish lithium-ion battery producer Northvolt said on Thursday it would open a USD 5.2 billion gigafactory in Quebec, the largest ever investment in the Canadian province and the latest in electric vehicle battery manufacturing capacity in the country.

Israel's StoreDot and Volvo Cars sign deal to develop battery cells for future electric cars
StoreDot, the pioneer of extreme fast charging (XFC) battery technology for electric vehicles, has signed a multi-year agreement with Volvo Cars to develop an optimized battery for next generation Volvo cars.

Shell CEO comes under pressure from within on renewables shift
Shell CEO Wael Sawan has come under pressure over his strategy from within the energy company after two employees issued a rare open letter urging him not to scale back investments in renewable energy, sparking an internal debate.

Not convinced about tariffs on Chinese EVs: Chancellor, Germany
Scholz articulated his reservations by stating, "I am not very convinced of this, to put it politely." He emphasized that he believes in a different approach for the economic model, one that does not rely on protectionism but rather focuses on the inherent attractiveness of European products.

Tesla trial over Autopilot fatality kicks off in California
Opening statements are set to begin on Thursday in the first U.S. trial over allegations that Tesla's Autopilot driver assistant feature led to a death, and its results could help shape similar cases across the country.

China's Nio explores investment, tech alliances with Mercedes
Nio has held exploratory talks with Mercedes-Benz for a tie-up that would see the German automaker invest in the Chinese electric vehicle startup in exchange for technology, two people with direct knowledge of the matter said.

Porsche expands Cayenne Hybrid range with new S E-Hybrid model
New Delhi: Porsche is expanding its hybrid range for the new Cayenne. The third plug-in model of the SUV series, the Cayenne S E-Hybrid, offers balanced driving dynamics, comfort, and efficiency. Orders for the new Cayenne S E-Hybrid models are open, with deliveries scheduled to start in November 2023.

Mercedes-Benz delivers 56 Citaro hybrid buses to Italian city public transport operator
New Delhi: Mercedes-Benz has delivered 56 Citaro hybrid low-floor city buses to Kyma Mobilità, the public transport operator in Taranto, Apulia, in Italy. These buses are approximately 12 meter long and sport the signature red, white, and blue paintwork of Kyma Mobilità.

Mercedes-Benz launches Drive Pilot with Level 3 autonomous technology in US
New Delhi: Mercedes-Benz Drive Pilot, a certified SAE Level 3 system, is now available in the US market. Mercedes-Benz becomes the first automaker to receive the US state approval for the deployment of a conditionally automated driving vehicle at SAE Level 3. Drive Pilot manages the dynamic driving task while allowing the driver to engage in other activities.

Kia America launched 2024 EV9, three-row E-SUV, at USD 54,900
New Delhi: Kia America announced Thursday that the 2024 Kia EV9, Kia's inaugural three-row E-SUV, is slated for arrival in the fourth quarter. This EV has 800V architecture, enabling rapid DC fast charging to reach a 10% to 80% state-of-charge in under 25 minutes. The standard configuration accommodates up to seven passengers and the car is priced at USD 54,900.

Honda delivers Shogo Electric Ride-On vehicles to children's hospitals in the US
New Delhi: Honda collaborates with its dealer network to supply 60 electric ride-on vehicles, known as Shogo, to children's hospitals across the country. Shogo, created in-house by Honda engineers, aims to bring comfort and joy to young patients. It is exclusively produced by Honda Performance Development (HPD) in California, utilizing race-winning technology.

Porsche AG confirms 2023, long-term margin outlook
Luxury carmaker Porsche AG on Thursday confirmed its 2023 outlook, saying demand for its cars remained strong despite the challenging macroeconomic environment.

Toyota on a high as global sales slam record in August
Global production rose 4% to a record 924,509 vehicles, including subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., the Japanese carmaker said Thursday. Sales of Toyota and Lexus brand cars grew more than 3% in Europe, mostly in Italy, Spain and England. But sales dropped 4% in Asia, including a 6% decline in China, where the company and other legacy carmakers like Volkswagen AG are struggling to compete with Chinese electric-vehicle powerhouses, such as BYD Co.

Trump says UAW talks don't matter because EV shift will kill jobs
Former U.S. President Donald Trump said on Wednesday it mattered little whether striking union autoworkers secured a favorable deal in talks with America's biggest carmakers because the shift to electric vehicles would soon make them obsolete.

Tesla's rivals scrap for thin slices of US EV sales
Ford Motor's decision to hit the brakes on a planned USD 3.5 billion battery plant in Michigan highlights a challenge for Tesla's growing crowd of rivals in the U.S. market: Tesla is pushing most of them into unprofitable, low-volume niches.

UAW could expand strikes at Detroit Three on Friday
Detroit, The United Auto Workers union could strike additional Detroit Three automotive facilities on Friday if there is no serious progress in labor negotiations, a source familiar with the talks said.

Car Sales Are Slowing. Car-Listing Websites Are Just Getting Started.
Auto retail is finally shifting from a seller’s market to a buyer’s market: Dealers’ car lots are looking fuller, while high interest rates are making consumers choosier. That spells opportunity for online marketplaces such as Cars.com, CarGurus and TrueCar that stand to do well when manufacturers and dealers become more desperate.

Start-up Atlas raises USD 27 million for new nickel technology for EV batteries
Atlas Materials, which has developed a new technology to process low-grade nickel that can be used for electric vehicle batteries, has raised USD 27 million ahead of building a pilot plant in North America, the start-up firm said on Thursday.

Daimler Truck's GenH2 prototype completes 1,047-km journey with single fill
Andreas Gorbach, a member of Daimler Truck AG's Board of Management and Head of Truck Technology, highlighted the truck's capability to cover such distances with a single hydrogen fill. This successful journey demonstrated the viability of hydrogen fuel-cell technology in decarbonizing flexible and demanding long-distance road transportation.

AGCO Corp to acquire USD 2 bn stake in Trimble unit to boost agri portfolio
AGCO Corp said on Thursday it would acquire an 85% stake in navigation products maker Trimble's agribusiness for USD 2.0 billion in cash as the tractor and seeding equipment firm seeks to boost its precision-agriculture portfolio.

A new battery recycling facility will deepen Kentucky's ties to the electric vehicle sector
A recycling facility will be built in Kentucky to shred electric vehicle batteries in a $65 million venture between American and South Korean companies that will supply material for a separate battery-related operation in the same town, the companies announced Tuesday.

US agency files lawsuit against Tesla over alleged harassment of Black factory workers
A civil rights agency in the United States has filed a lawsuit against Tesla Inc. The lawsuit alleges that Tesla has allowed the persistent harassment of Black employees at its main assembly plant in Fremont, California. These allegations closely resemble cases brought forward by both the state and Tesla's own employees.

New BMW 5 Series plug-in hybrid breaks cover with over 100 km pure electric range
On the other hand, the 550e variant draws power from a larger 3.0-litre turbocharged inline-six petrol powerplant that is paired with an electric motor. This hybrid powertrain pumps out 483 bhp peak power and 700 Nm of maximum torque. The 550e gets an all-wheel drive setup and can run up to 90 kilometres in pure electric mode. For transmission duty, both the 530e and 550e variants get an eight-speed automatic gearbox.

Automobile Industry

Ashok Leyland Aston Martin Audi Bajaj Auto Bayerische Motoren Werke AG Bentley Motors Limited Bugatti Chevrolet Citroen Datsun Ferrari S.p.A. Force Motors Ford Motor Company Groupe Renault Hero MotoCorp Honda Motor Company Hyundai Motor Company Isuzu Motors Ltd. Jaguar Cars Jeep Kia Lamborghini Land Rover Lexus Mahindra & Mahindra Maruti Suzuki Maserati McLaren Automotive Mercedes-Benz MG Motor MINI Mitsubishi Motors Porsche Rolls-Royce Motor Cars Skoda Auto Tata Motors Tesla, Inc. The Nissan Motor Company Toyota Motor Corporation Volkswagen Volvo Cars

Corporate Office

405, TSL Corner
Local Shopping Complex
Sector G Mayur Vihar Phase III
Delhi - 110096, India

Contact

contact@nurcmedianext.com
nurcmnx@gmail.com
nurcmedianext@gmail.com

+91-11-49849324, +91-9958949710