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
Read More >>
🚗 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
Read More >>
🌇 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 >>