Top Indian Automobile Industry News & Updates - 07 July 2023,Friday

🏢 Industry

📝  Sanjay Kaul appointed to rejig SMEV and to tide over current crisis
📝  Auto retail sales in June rise 10% YoY: FADA
📝  Vehicle registrations see healthy double-digit growth in June amid sustained demand
📝  Tata Motors sells 5 lakh units of Tiago, grabs 15% share of hatchback segment
📝  Eicher Motors shares tank over 11% in 3 days
📝  Why more Indians aren’t buying electric vehicles
📝  IPM India introduces Electric Vehicles to optimize Sustainable Logistics Network
📝  SMMT reports 25.8% growth in new car market
📝  Karnataka may end 100% road tax exemption for electric vehicles, announcement likely in state budget
📝  Electric cab aggregators on expansion, hiring spree
📝  As automakers milk price-hike benefits, employees get handsome appraisals
📝  Rane Group aspires to grow at 12-15% CAGR over the next five years
📝  EV market surprises
📝  GST Council likely to define MUVs and XUVs for levy of 22 pc cess
📝  FADA predicts mixed trends in auto retail sales in July
📝   Input cost surge prompts automakers to raise prices
📝  Auto sector Q1 preview: Margin expansion to continue driven by operating leverage, softening commodity costs
Read More >>

🎤 Interviews & Features

📝  Maruti Suzuki Invicto vs Toyota Innova Hycross comparison: Differences explained
📝  Unseated by SUVs, can sedans ever be cool again? You won’t like the answer if you own one.
📝  India needs to focus on IPs, not just making chips says Michael Hurlston, President & CEO Synaptics
📝  Mahindra Thar vs Maruti Suzuki Jimny: Similar segment but suited for different buyers
📝  The sting is still intact: Mahindra Scorpio
📝  Maruti Suzuki Invicto: Variant wise-features with price and colour options explained
📝  4 sectors Shibani Sircar Kurian is bullish on for near term
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🚗 Cars / SUVs

📝  Maruti Suzuki begins exports of compact SUV Fronx
📝  Volkswagen Taigun Shines with Five Stars, Jeep Renegade disappoints: Latin NCAP crash test results Revealed
📝  Toyota Kirloskar Motor hikes vehicle prices by 1 per cent
📝  Mahindra Scorpio-N becomes the fastest production vehicle to cross the Simpson Desert
📝  Invicto is Maruti Suzuki's big premiumisation leap. Will it be able to reinvent itself?
📝  Volkswagen India's annual monsoon campaign offers car care service, lucrative offers
📝  Tata Tiago hits the sales milestone of 5 Lakh units
📝  Isuzu Motors India ‘ISUZU I-Care Monsoon Camp’ from July 10 at its service centres
📝  Isuzu announces monsoon service camp for customers. Check out offers available
📝  Toyota Glanza, Innova Hycross, Fortuner get expensive from July 5
📝  Maruti Suzuki Fronx exports begin; first batch of 556 units shipped
📝  Maruti Suzuki Invicto launched: 5 things to know
📝  Maruti Suzuki Invicto vs Toyota Innova Hycross: Brothers from different brands
📝  Maruti takes an offensive stance in EV space, to launch 6 EVs by 2030-31
📝  Maruti Suzuki commences exports of compact SUV Fronx
📝   Maruti Suzuki drives in Invicto MPV, its most expensive model at ₹25 lakh
📝  Tata Nexon, Hyundai Creta, Maruti Suzuki Brezza and 7 other top SUVs sold in June, 2023
Read More >>

Electric-Cars / SUVs

📝  Toyota aims to sell electric cars offering the same range as hybrids. Know more
📝   Kia set to launch fourth-generation Carnival and EV9 Electric SUV in 2024, suggests report
Read More >>

🚗 Luxury Cars

📝  Audi to launch electric SUV Q8 e-tron in India in August
📝  Mercedes CLE Coupe and Cabriolet make global debut: Get 48V mild-hybrid engine options
Read More >>

⛟ Commercial Vehicles

📝  EKA Mobility bags order for 57 e-buses from Mira-Bhayandar Municipal Corporation
📝  Nitin Gadkari approves draft notification for AC truck cabins
📝  India's three-wheeler sales jump 75% in June, CV retails surpass pre-Covid levels
Read More >>

🏗 Construction & Agri Machinery

📝  Vedanta Aluminium deploys more electric forklifts to decarbonize mining fleet
Read More >>

🏍 2/3 Wheelers

Bajaj Auto, Hero Moto's race to triumph over Enfield’s market pie may dent Eicher's margins
The premium motorcycle market in India is set to see fierce competition with the top manufacturers aggressively launching new models, in a race to end Royal Enfield’s dream run in the segment.
📝  TVS Motor Company and Apollo Tyres Set a New 24-hour Indian National Speed Endurance Record on the TVS Apache RR 310
📝  Pulsar 125cc growth likely to sustain: Bajaj Auto
📝  Triumph Speed 400, Scrambler 400X: Accessories offered
📝  We learned a lot from Honda, says Rajiv Bajaj on Triumph Speed 400 launch
📝  Triumph Motorcycles to expand to 100 dealerships in 80 cities by end of FY2024
📝  Harley-Davidson X440 first ride review: This fun-to-ride Harley is value-friendly
📝  Bajaj-Triumph, Hero-Harley entry shifts premium bike race into top gear
📝  Eicher Motors slips 11% in three sessions as competition intensifies
📝  Bajaj Auto targets Royal Enfield's market dominance; Rajiv Bajaj believes the segment has potential for business
Read More >>

🚲 Electric 2/3 Wheelers

📝  Electric 2-wheelers hit a speed bump
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⚙ Components

📝  JBM Auto cracks 15% as investors book profit after a 51% rally in 12 days
Read More >>

🌇 Allied Industries

📝  Vitesco Tech presents innovative electrification solutions for 2Ws in India
📝  Battery Smart raises $33 m in pre-series B funding
📝  Valeo opens Satellite Tech Centre in Bengaluru as part of its Global Tech Centre in Chennai
📝  Steel companies' Q1 margins hit by rising costs, low prices
📝  JSW Steel aims to double capacity to 50 MT in 3 yrs; renewables to power all plants: Sajjan Jindal
📝  Tata Steel Q1 Update: Crude steel output up 2% YoY on Neelachal Ispat Nigam ramp up
📝  Ceat zooms 19% to hit an all-time high; m-cap crosses Rs 10,000 crore-mark
📝  Rubber meets road in premium bike market
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  IOC to invest Rs 54,000 cr in TN on slew of major projects
📝  RIL, Adani Total Gas planning plants for compressed biogas
📝  IOC in talks with TN, Kerala governments for setting up green hydrogen units
📝  PFC extends Rs 9,187 cr for HPCL Barmer refinery project
Read More >>

📖 Magazines News

📝  Triumph could sell half a million to million bikes in the years to come, says Rajiv Bajaj
📝  June sees lowest car, SUV sales in the first half of 2023
📝  Made-in-India Volkswagen Taigun secures 5 stars under Latin NCAP
📝  India-spec BMW i7 M70 details revealed; launch soon
📝  Mercedes-Benz CLE coupe, cabriolet revealed
📝  Maruti Invicto vs Toyota Innova Hycross: How different is the design?
📝  Triumph Speed 400, Harley-Davidson X440 vs every other rival
📝  Triumph Speed 400 vs rivals: price, specifications compared
Read More >>

📰 International News

📝  US seeks details on changes that Tesla made to Autopilot driver-assist system as part of crash probe
📝  Tesla and Chinese rivals signal truce in brutal EV price war
📝  Stellantis to resume battery plant construction in Canada in deal with governments
📝  Former Switch Mobility CEO Andy Palmer appointed Interim CEO of Pod Point
📝  VW ready to deal with China metal curbs if needed, chipmakers play down fallout
📝  Austria approves law allowing authorities to confiscate extreme speeders' cars
📝  CATL touts breakthrough in cold-weather EV charging
📝  Battery Smart raises USD 33 Million in funding to expand EV battery swapping network in India
📝  Canada, Stellantis agree to resume construction of battery plant
📝  European Lithium says Luxembourg's GEM to fund USD 125 mln for Austrian mine, supply deal with BMW
📝  Musk predicts Tesla self-driving cars 'later this year'
📝  Western businesses must find a way to work with China-Stellantis CEO
📝  Volvo Cars global sales up 33% in June
📝  AMD announces world’s largest adaptive SoC, the VP1902
📝  'Irresponsible' to cut oil production now: Shell CEO
📝  Audi to unveil electric vehicle manufacturing plans in Mexico -sources
📝  Back Elon Musk predicts Tesla self-driving cars may come 'later this year': Report
Read More >>


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