Top Indian Automobile Industry News & Updates - 25 April 2024,Thursday
🏢 Industry
Tesla’s India factory plans may be delayed
Tesla’s plans to build an assembly line in India under the government’s new electric vehicles policy, may get delayed as the company has announced that it will focus on utilising its existing factories to produce new, more affordable vehicles by late this year.
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo
Tesla said on Tuesday that it will use its existing factories to build new and more affordable vehicles as early as late this year, leaving investments in new factories in Mexico and India unlikely in the near term.
Why Elon Musk may not drive Tesla to India anytime soon
Tesla may not come to India anytime soon if reports are to be believed. According to a Reuters report, the US-based electric vehicle maker is now planning to use its existing factories to build new and more affordable vehicles as early as late this year, rather than investing in new factories in Mexico and India in the near future.
We seek to continue receiving support in investment policies: VinFast India CEO
New Delhi: Vietnamese electric vehicles (EVs) maker VinFast has said that the company seeks to continue receiving support in investment policies from the Indian government as well as fostering a conducive environment for business operations to jointly bolster green transportation in India. The company that had announced $2 billion investment at Thoothukudi in Tamil Nadu also said that in order to benefit from long-term incentives for EVs, it would accelerate the construction of the manufacturing facility.
Bombay High Court strikes down archaic ‘BH’ number plate diktat
In a big relief to owners looking to transfer their vehicle registrations to Bharat (BH) number series, particularly in Maharashtra, the Bombay High Court has struck down a circular issued by the state’s transport commissioner in February 2024, imposing certain conditions while deciding on applications for registration of vehicles under the BH series.
📝 Large utility vehicles race past compact cars in growth lane
📝 Macquarie drops plan to sell India clean energy company Vibrant
📝 Tesla's cheaper car push may put India, Mexico in back seat
📝 Tesla jumps 10% as Musk's promise of 'more affordable' cars eases growth fears
📝 Citroen, Jeep to cost more as Stellantis India announces 0.5 per cent increase in prices
📝 Bugatti Veyron designer Jozef Kaban named MG Motor's VP of Global Design Centre: Details
📝 Cheaper airbags, but at what cost to life? Factory that made fakes busted in Delhi
📝 Tesla vs BYD: Which EV giant will reign supreme in India?
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🎤 Interviews & Features
Can electric cars electrify muted IT firms in a dull year?
New Delhi: Auto companies may yet smoothen the bumps for Indian IT services in FY24, a year that has so far been one of the worst in the $253-billion industry's history.
Mahindra XUV3XO's interior and mileage details teased ahead of launch on April 29: All we know so far
Mahindra is set to unveil its latest SUV, the XUV3XO, on April 29, 2024, with a host of features designed to make it stand out in the competitive Indian automotive market. A recent teaser revealed that the XUV3XO will have a claimed fuel efficiency of 20.1 kmpl, likely for the diesel variant.
📝 Expecting FY25 to be better than FY24 for exports: Rakesh Sharma, Bajaj Auto
📝 Our focus is to be well-positioned and respond quickly to market changes: Rakesh Sharma, Bajaj Auto
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🚗 Cars / SUVs
Mahindra XUV 3X0 to Maruti Swift: Top 5 upcoming cars in India
As temperatures rise, the Indian automobile industry is preparing for a slew of new launches. If you’re in the market for a new vehicle and not in a hurry, it may be prudent to wait for the upcoming models detailed below. The top five vehicles, spanning from hatchbacks to SUVs, promise to be worth the anticipation.
📝 Mahindra XUV3XO claims to offer over 20 kmpl mileage and 0-100 kmph in …
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Electric-Cars / SUVs
Tata Passenger Electric Mobility to supply 2,000 XPRES-T units to Vertelo
New Delhi: Tata Passenger Electric Mobility on Wednesday said it has secured an order to supply 2,000 units of XPRES-T electric sedans from integrated fleet electrification platform Vertelo. The company, a unit of Tata Motors, has inked a non-binding memorandum of understanding, with Macquarie managed Vertelo for the delivery of EV units.
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🚗 Luxury Cars
Here’s a sneak peek into Punjab Kings’ co-owner Preity Zinta’s car collection
When it comes to IPL, there are big names and even bigger owners, like Kavya Maran, the CEO of Sunrisers Hyderabad, Mukesh Ambani’s Mumbai Indians, and Kolkata Knight Riders owned by Shah Rukh Khan. Another team owner on this list is Bollywood actor Preity Zinta, who is the co-owner of Punjab Kings.
21-year-old gets a Porsche 911 worth Rs 2 crore as gift
As far as gifts are concerned, getting a Porsche is one of the best ever, and it is even more special if you’re just 21 and the Porsche gifted to you is from your father. This is the true story of Nima Sulaiman, the Director of HiLite Group, who was gifted a brand new Porsche 911 Carrera S by her father.
📝 India gets a new supercar with 325 km/h top speed, priced at Rs 3.99 crore, it is made by…
📝 Aston Martin Vantage launched in India at Rs 3.99 crore: Gets Mercedes-derived V8 engine
📝 BMW i4 electric sedan receives minimal styling tweaks and feature updates
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🏍 2/3 Wheelers
HMSI sales cross 8mn units in Eastern India
New Delhi: Honda Motorcycle & Scooter India (HMSI), a leading manufacturer of two-wheelers in the country, has sold over 8 million units in Eastern India which consists of Bihar, Jharkhand, West Bengal, Odisha, and North-East India.
Brixton Motorcycles to enter India with four models, establish manufacturing plant
Austria-based Brixton Motorcycles has announced its entry into the Indian market. The company has partnered with KAW Veloce Motors for a sales and distribution network in the country. The deal aims to launch an exclusive range of motorcycles tailored for the Indian audience and also establish a manufacturing facility in India.
📝 Biggest Pulsar ever: New Bajaj Pulsar NS400 teased ahead of launch on May 3
📝 2024 Bajaj Pulsar 220F starts reaching dealerships. Check what's new
📝 2024 Jawa Perak bobber launched in India. What all has changed?
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🚲 Electric 2/3 Wheelers
Sokudo Electric to build in-house motor and controller plant to boost E2W R&D
Sokudo Electric, an Indian manufacturer of electric two-wheelers (E2Ws), is building an in-house advanced motor and controller plant spread over 20,000 sq.ft in Greater Noida investing INR 10 crore.
Ultraviolette launches F77 Mach 2 at an introductory price of INR 2.99 lakh
New Delhi: Ultraviolette, an innovative electric vehicle and battery technology company, Wednesday launched F77 Mach 2 - an advanced performance and intelligent electric motorcycle at a starting price of INR 2.99 lakh.
📝 Wardwizard Innovations appoints Akhtar Khatri as Director - Sales and Strategy
📝 Billionaire Zoho CEO Sridhar Vembu, one of the richest Indians, now owns an electric three-wheeler
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⚙ Components
📝 ASK Automotive, AISIN Group enter into JV for passenger car segment
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🌇 Allied Industries
E-waste recycling startups spot an opportunity in EV batteries
Domestic e-waste recycling startups are gearing up to capitalise on a lucrative new revenue stream — recycling lithium-ion batteries used in electric vehicles (EVs) which are starting to reach the end of their usable life cycle.
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🌢 Fuels, Lubricants & Charging Stations
Chargeup to bolster network by adding 1500 new partner stations
New Delhi: Chargeup, a leading battery financing and full stack EV asset management platform, plans to onboard 1 lakh drivers within the next 3 years and extend its reach to 1 million drivers across 30 cities within 5 years.
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💸 Finance & Insurance
📝 A simple guide to getting a new bike with a Bajaj Finserv Two-wheeler Loan
📝 Find Car Insurance Details by Registration Number Online
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📖 Magazines News
Volkswagen ID.Code SUV-coupe concept revealed ahead of Beijing debut
Volkswagen has revealed a radical shift in design for its future electric models with the unveiling of the ID.Code concept on Volkswagen Group media night ahead of the 2024 Beijing motor show (Auto China 2024). Sporting a sleek new design language conceived exclusively for Chinese-market cars, the SUV-coupe concept previews a new range of EVs being developed in partnership with Volkswagen's various joint venture partners in China, says Volkswagen CEO Thomas Schafer.
Skoda compact SUV spied in near production guise
The compact SUV segment is among the most competitive automotive segments in India. Despite low margins, it is a very lucrative category for carmakers due to the prospect of high volumes. Most recently, it was Skoda who announced its entry into this segment, following which there will be as many as 10 different compact SUvs from nine different manufacturers.
Renault-Nissan mulling Creta EV rival; entry-level A-segment EV likely dropped
Renault-Nissan has dropped plans for an entry-level A-segment EV for our market, sources tell us. The alliance is now planning to work on a Creta-sized electric SUV based on the CMF-B EV platform – this new EV platform is being tweaked from the standard CMF-B architecture to support EV powertrain. It should be noted that the upcoming combustion-engined Renault Duster SUV, and its Nissan derivative, will be based on the heavily localised CMF-B platform.
Mercedes G-class electric revealed ahead of Beijing motor show
Mercedes has finally revealed the production-spec G-Class electric SUV. Previewed by the Concept EQG, the G-Class electric has been christened as Mercedes-Benz G 580 with EQ Technology, before its debut in Beijing. As we've reported earlier, the G-Class EV will be coming to India sometime this year.
Mahindra XUV 3XO fuel efficiency, performance details revealed
Mahindra has released yet another teaser of the XUV300 facelift – to be called XUV 3XO – just days ahead of its global debut. The new teaser video reveals its fuel efficiency figure as well as its 0-60kph sprint time.
Lamborghini Urus SE revealed as range-topping 800hp plug-in hybrid
Lamborghini has unveiled a new plug-in hybrid version of the Urus SUV at the Volkswagen Group media night on the eve of the Auto China Beijing 2024 (Beijing motor show). Dubbed the Urus SE, this is now the second hybrid in Lamborghini’s portfolio after the Revuelto. It’s based on the Urus S, gets a new electrified powertrain, revised exterior and interior styling, improved aerodynamics and a lot of fancy tech wizardry under the skin.
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📰 International News
China’s EV price war is just getting started
With a historic round of price cuts this month, Tesla, Li Auto and a host of others have extended China’s monthslong electric-vehicle price war into a new quarter. Some say the fight is just getting started.
US oil and gas M&A hits quarterly record after blockbuster 2023
US oil and gas deals hit a record USD 51 billion in the first quarter, a continuation of last year's fierce merger pace centered in the top US shale field, data provider Enverus said on Tuesday.
US advances review of Nevada lithium mine amid concerns over endangered wildflower
The Biden administration has taken a significant step in its expedited environmental review of what could become the third lithium mine in the US, amid anticipated legal challenges from conservationists over the threat they say it poses to an endangered Nevada wildflower.
Tesla could start selling Optimus robots by the end of next year, Musk says
Tesla's humanoid robot is still in the lab, but it may be ready to sell as soon as the end of next year, chief executive Elon Musk said on Tuesday.
Tesla to launch new models ahead of planned timeline, shares jump
Tesla said on Tuesday it would introduce "new models" by early 2025 using its current platforms and production lines as it retreated from more ambitious plans to produce an all-new model that had been expected to cost USD 25,000.
Volvo Cars net profit falls but says demand strong
Swedish automaker Volvo Cars said Wednesday its net profit fell in the first quarter but it sold a record number of units in March and expects strong demand this year.
Toyota's scandal-hit Daihatsu aims to resume vehicle development this year
Scandal-hit Toyota Motor subsidiary Daihatsu aims to fully resume developing vehicles by as early as the end of this year, the president of the compact carmaker told reporters, adding that he saw opportunities in South America and Africa.
Mercedes Benz unveils electric G 580 with EQ technology
New Delhi: Mercedes-Benz Wednesday unveiled its electric G 580 with EQ technology which is fully in keeping with the tradition of the model series established in 1979.
China's Huawei launches new software for intelligent driving
Chinese tech company Huawei unveiled on Wednesday a new software brand for intelligent driving, marking its latest push to become a major player in the electric vehicle industry.
China's EV survival game creates peril - and power
By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China.
Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand
Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America.
Volkswagen revamps its approach in China in bid to overtake upstart EV makers
"I once sung karaoke in the car when travelling a long way with my family," she said. "To me, the car is more like an entertainment place. I am a singer."
📝 Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months
📝 Tesla targeting about 400 voluntary job cuts in Germany
📝 UAW moving quickly after VW organizing win, union president says
📝 Tesla profits tumble 55% as EV sales under pressure
📝 AI-powered EV batteries: The next welcome change
📝 Battery recycling shatters the myth of EV waste
📝 How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
📝 MG EXE181 electric supercar concept with fighter jet-like cockpit, drag parachute revealed
📝 2024 Tesla Model 3 Performance unveiled, gets a top speed of 260 kmph
📝 Tesla Autopilot could be in legal soup for the wrong reason again. Here's why
📝 BYD seeks to redefine luxury for EV generation. Here's how
📝 Car giants vie for EV crown at Beijing's Auto China show
📝 Volkswagen aims to keep China market share stable as price war rages
📝 AI making its way to EV battery development for faster process. Here's how
📝 Mercedes G-Class goes electric, gets 400 km of range & enhanced capabilities
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