Top Indian Automobile Industry News & Updates - 11 July 2023,Tuesday

🏢 Industry

📝  Foxconn dumps USD 19.5 billion Vedanta chip plan in blow to India
📝  CarTrade to acquire OLX India’s auto business for Rs 537 crore
📝  M&M may offload 2-3% stake in EV business
📝  EV sales in June come down significantly, but no alarm signs yet
📝  As Foxconn withdraws, Vedanta says other partners lined for chip plant
📝  Foxconn’s withdrawal from semicon JV with Vedanta has no impact on India’s goals: Rajeev Chandrasekhar
📝  Rahul Gandhi says he owns a KTM 390. Know all about the bike
📝  Major EV shift plan in Kolkata by 2030, dip in carbon emissions likely by 2.8 mln tonnes
📝  1,289 high-end cars registered in Pune up to June, more than half of last year’s record
📝  Kerala state govt to check sale of seat belt alarm stopper clips
📝  Tata Group's highest-paid CFO does not belong to TCS or Tata Steel
📝  Mahindra & Mahindra to raise Rs 5,000 crore for its EV business: Report
📝  Foxconn, Vedanta committed to semiconductor mission, says Vaishnaw
📝  Tata Motors becomes 16th most valued automaker, beats Kia Corporation m-cap
📝   Secret of success. Anand Mahindra shares tips in his motivation post
📝  GST Council to decide on definition of MUVs; tighten norms for registration
Read More >>

🎤 Interviews & Features

📝  MotoGP Bharat 2023: All about the ticket, dates and price
📝  Hyundai Exter variant-wise prices explained: Petrol MT, AMT & CNG trims
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🚗 Cars / SUVs

📝  Hyundai Exter launched at INR 5.99 lakh
📝  Maruti pips Hyundai, Tata Motors and M&M to become leader in Rs 10-20 lakh segment
📝  Next-gen Toyota Land Cruiser Prado teased ahead of global debut
📝  Hyundai to take on rival Tata in sub-Rs 10 lakh market with SUV Exter
📝  Hyundai Exter, rival to Tata Punch, officially launched. Check specs and pricing
📝  Hyundai launches Exter, its first micro SUV with advanced safety features
📝  Entry level SUV sales to double with Exter launch, says Hyundai India
📝  Renault India gearing up to re-enter mid-sized SUV segment
📝  Mahindra XUV700 6-seater variant spied testing
📝  Hyundai Exter SUV, rival to Tata Punch, launched in India: Key event highlights
📝  Hyundai introduces entry-level SUV Exter
📝  Maruti Suzuki looking to replicate diesel engine frugality with hybrid, CNG
📝  Mahindra Thar gets huge discount as launch timeline of 5-door Thar gets official confirmation
📝  Planning to buy 2023 Kia Seltos facelift? Here’s how you can generate K-Code
📝  Maruti eyes sales of 4.8 lakh hybrid, CNG units this fiscal
📝  Renault offers discounts of up to Rs 77,000 on entire range: Check details
📝  Kia introduces K-Code program for priority delivery of 2023 Seltos facelift
Read More >>

🚗 Luxury Cars

📝  Mercedes-Benz India to service 9,000 new top-end vehicle customers through customer care account managers
📝  New Audi Q8 e-tron EV teased again ahead of imminent India launch. Details here
Read More >>

⛟ Commercial Vehicles

📝  Violators made to part with illegal headlights on vehicle in Chennai
📝  Olectra Greentech zooms 43% in 3 days post winning MSRTC Rs 10,000 cr order
Read More >>

🏗 Construction & Agri Machinery

📝  TII starts building factories for e-tractors, e-trucks in Chennai, Manesar
📝  Domestic tractor sales reach 8-month high in June amid mixed farm sentiments
Read More >>

🏍 2/3 Wheelers

📝  Triumph Speed 400, Scrambler 400 X bookings cross 10,000 units: Price revision soon
📝  Harley-Davidson may make in India to sell globally, says CEO Jochen Zeitz
📝  TVS Motor launches Ronin premium motorcycle in Indonesia
📝  Triumph Speed 400 launched in India
📝  Know Triumph Speed 400 loan EMI on Rs 54,000 down payment: Details explained
Read More >>

🚲 Electric 2/3 Wheelers

📝  Kinetic Green appoints Pankaj Sharma as President of 2W division
📝  Oben starts deliveries of Rorr e-motorcycle in Bengaluru
Read More >>

⚙ Components

📝  Uno Minda launches infotainment system in the aftermarket segment for Rs 34,990
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🌇 Allied Industries

📝  BattRE’s R&D centre in Jaipur gets DSIR recognition
📝  J K Tyre plans Rs 1,100-crore capacity expansion over next two years
📝  Balkrishna Industries investors tread with care on rough terrain
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Essar Oil UK to expand fuel distribution into London, South East of England
📝  Current fuel prices in India are a sleeping Kraken for the Indian Logistics Industry
📝  Energy Destinies Part 5 - Shift to green energy may prove slower and costlier than we believe
📝  India's green hydrogen push and challenges
Read More >>

💸 Finance & Insurance

📝  These car insurance add-ons worth Rs 6,500 can save you from paying Rs 3.5 lakh for rain damages
📝  Okaya EV signs 12 finance companies to provide low-interest finance options
📝  Quantum Energy partners Bike Bazaar for retail financing
📝  The importance of Commercial Vehicle Insurance
📝  SC order on motor insurance compensation may affect general insurers
Read More >>

📖 Magazines News

📝  Pininfarina Battista Edizione Nino Farina unveiled
📝  Hyundai Exter launched at Rs 6 lakh
📝  Discounts of up to Rs 73,000 on Mahindra Thar, XUV300 this month
📝  BMW CE 02 EV revealed with 90km range
📝  Royal Enfield Bullet 350 launch in coming months, will sit below Classic 350
📝  Aprilia RS 440 spotted testing ahead of India launch
📝  Mystery TVS EV launch on August 23; could be a scooter
📝  Triumph Speed 400, Scrambler 400 X receive over 10,000 bookings
📝  Maruti Suzuki at pole position in Rs 10 lakh-20 lakh SUV segment
📝  Maharashtra: Rs 25,000 fine on parents of minors caught driving
Read More >>

📰 International News

📝  GM cuts Lyriq EV price in China by 14% after VW discounts
📝  Govt and Fiat-owner Stellantis agree on need to boost car production in Italy
📝  Italy govt, Stellantis aim to boost production in Italy to 1 mln vehicles
📝  China's car sales shrink 2.9% in June as big-ticket spending falters
📝  ZF showcases advanced axle drive systems for CVs, plans serial production in 2024
📝  Chinese automakers upset Japanese OEMs grip on Thailand market
📝  Drive a Tesla EV and earn up to $48 an hour. More details here
📝  Lamborghini Revuelto, Huracan and Urus supercars sold out until the end of 2025. Know more
📝  Rivian options buyers may be helping drive stock higher
📝  UAW to open contract talks with Detroit Three automakers on Thursday
📝  What's behind China's failed 'truce' in EV price war?
Read More >>


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