Top Indian Automobile Industry News & Updates - 25 July 2023,Tuesday
🏢 Industry
📝 Centre to recover INR 469 cr from 7 electric 2W makers for non compliance with FAME II
📝 Tata Motors opens registered vehicle scrapping facility in Bhubaneswar
📝 India blocks $1 billion bid by China’s BYD to set up EV factory
📝 Tesla to discuss factory plan for new $24,000 car with India commerce minister
📝 Bajaj Auto Q1 Preview: Profit may increase up to 45% on healthy volumes, favourable product mix
📝 Tata Motors Q1 Preview: Strong YoY revenue growth likely, led by JLR and PV segments
📝 Upcoming SUVs in India in 2023: Honda Elevate to Citroen C3 Aircross
📝 Top Tesla executives likely to meet Union Minister Goyal soon, talk manufacturing plans
📝 Tata Motors working on master app to provide info on location of EV charging stations
📝 Electric Blitzkreig! Tesla sells more EVs than all German rivals combined
📝 Visiting Goa? Your rental car and bike may soon be electric only
📝 Mahindra Thar rival Force Gurkha to get 5-door version soon, spotted testing with Mercedes-Benz engine
📝 Tesla execs to meet commerce minister as China fumes at India’s BYD plant rejection
📝 Only 0.8% electric vehicles in country out of 34 crore vehicles registered
📝 Government rules out sops for US-based electric car maker Tesla
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🎤 Interviews & Features
📝 Hyundai Exter packs a punch within a budget: First Drive Review
📝 Tata Motors: Facts and figures required for cutting through noise at the time of quarterly results
📝 Motherson’s Kunal Malani sees Schneider business being ROCE accretive from next year
📝 Stay away from auto sector for now: Pratik Gupta
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🚗 Cars / SUVs
📝 Maruti Suzuki recalls 87599 units of S-Presso, Eeco for possible steering tie rod fault
📝 Tata Motors Punch CNG production underway; market launch soon
📝 Maruti Suzuki’s premium retail network Nexa completes 8 years
📝 Toyota Kirloskar gears up its plants to produce more amid a demand surge for its models
📝 MG Motor India expects to clock a quarter of its sales from EVs this year
📝 Kia India eyes 10 percent sales growth this calendar year
📝 Maruti Suzuki's premium retail chain NEXA completes eight years in operation
📝 Maruti Suzuki recalls 87,599 vehicles over possible defect in parts of steering tie rod
📝 Tata Motors discontinues 8 variants of Altroz: Check details here
📝 Made-in-India Maruti Ertiga launched as Toyota Rumion in South Africa: What's different
📝 Five spacious compact SUVs in India under Rs 15 lakh: Tata Nexon, Maruti Suzuki Fronx and more
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🚗 Luxury Cars
📝 JLR India Q1FY24 sales up 102% YoY to 1048 units
📝 Olympic gold medallist Neeraj Chopra adds Range Rover Velar SUV to his car collection
📝 BMW i5 enters production in Germany, India launch in 2024. Details here
📝 Local assembly of EVs in India just a matter of time: BMW
📝 Demand for pre-owned luxury cars rise
📝 Mukesh Ambani buys new ‘bomb-proof’ Mercedes car worth more than Rs 10 crore, one of India’s safest
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⛟ Commercial Vehicles
📝 Ashok Leyland commences on 'Dream Drive' to mark 75th anniversary
📝 GreenCell Mobility raises Rs 3,000 crore debt funding
📝 Bada Dost’s acceptance has given us the confidence to enter the small truck segment: Dheeraj Hinduja
📝 Rating: Buy- Ashok Leyland aims for 8-10% growth for MHCVs
📝 Can Ashok Leyland replicate its June quarter margin show?
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🏍 2/3 Wheelers
📝 TVS Motor Q1FY24 PAT up 46% to INR 468 cr
📝 2023 Royal Enfield Bullet 350 debut on August 30: What to expect?
📝 India world’s number 1 in registered two-wheelers
📝 Harley-Davidson Nightster 440 patented in India: What is it?
📝 Harley-Davidson, Triumph in the first gear to challenge Royal Enfield's India reign. Know more
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🚲 Electric 2/3 Wheelers
📝 Ola Electric scooter fire being investigated in southern Kerala
📝 Tips to keep electric bikes, scooters dry this monsoon
📝 S1 Air, Ola's most affordable electric scooter, to offer these key features
📝 VJ Rannvijay Singha takes delivery of limited edition Ultraviolette F77 electric bike
📝 Ola S1 Air purchase window opens July 28: A look at e-scooter’s top features
📝 TVS Motor plans capacity and network expansion for iQube
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⚙ Components
📝 Samvardhana Motherson acquires Dr. Schneider Group for EUR 118.3 mn
📝 Rane Brake Lining Q1FY24 PAT dips 10.5% to INR 5.2 cr
📝 Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for INR 205 crore
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🌇 Allied Industries
📝 TVS SCS wins deal to automate, manage Centrica’s (British Gas) supply chain
📝 Valtech Mobility extended to Pune to offer mobility and automotive solutions
📝 Battery PLI aspirants split on capacity to be offered for bids
📝 TVS SCS secures over ₹2,000 crore, 7-year deal from UK-based Centrica plc.
📝 Stable steel prices, lower input costs to aid profitability: JSW Steel
📝 Domestic steel TMT rebar prices cool off to two-year low; trend to continue: SteelMint
📝 Govt ready with rebidding of 20 GWh ACC battery under PLI
📝 Achieve road efficiency at minimal privacy risk
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🌢 Fuels, Lubricants & Charging Stations
📝 Torrent Power launches EV charging stations
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💸 Finance & Insurance
📝 6 advantages of buying car insurance online
📝 Rane Brake Rane Brake Lining Q1 standalone net slids by 11% to ₹5.2 crore
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📖 Magazines News
📝 Ultraviolette X44 name trademarked: what could it be?
📝 New Skoda Superb powertrain details revealed
📝 Honda Elevate fuel efficiency numbers revealed
📝 Hyundai Creta, Alcazar Adventure Editions coming soon
📝 Range Rover Velar facelift priced at Rs 93 lakh
📝 Tata Punch CNG launch imminent, production begins
📝 Honda Unicorn-based SP160 launch this festive season
📝 Is Harley-Davidson working on a Nightster 440?
📝 Hero Karizma XMR 210 India launch on August 29
📝 Tata Motors opens its second vehicle scrapping facility
📝 Skoda Kushaq Monte Carlo long term review, 9,000km report
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📰 International News
📝 Stellantis, Samsung SDI set plan to build second US battery plant
📝 Chevron's USD 6 billion second-quarter profit tops analysts' outlook
📝 Chinese petchem firms betting big on energy transition products
📝 Tesla to discuss factory plan for new $24,000 car with India commerce minister
📝 Posco to invest $92 billion to expand into EV battery production and hydrogen
📝 McLaren SUV is hot for future but profits remain main target
📝 Tesla wants to make buying EVs easier, starts offering 7-year loan terms
📝 Tesla is lapping Germany’s automakers in the global EV race
📝 Tesla Cybertruck spotted with new darker camouflage wrap
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