Top Indian Automobile Industry News & Updates - 26 July 2023,Wednesday
🏢 Industry
📝 India needs 1.32 million EV chargers by 2030: CII Report
📝 Tata Motors’ scheme to drop ‘A’ Ordinary shares for Ordinary shares in 10:7 ratio
📝 Tata Motors Q1FY24 profit driven by JLR boost, EV push, new launches; net debt reduces
📝 Tata Motors Q1 consolidated net profit at Rs 3,301 crore
📝 Tesla to discuss factory plan for new ₹20-lakh car with Commerce Minister: Source
📝 JLR drives Tata Motors Q1 net to ₹3,203 crore
📝 Mahindra & Mahindra restructures sourcing unit to ensure faster supply
📝 Tata Motors appoints Rajesh Kannan as President and CDIO
📝 Tata Motors scrip spikes minutes before firm discloses killing DVR shares
📝 Discounts of up to Rs 80,000 on Tata Harrier, Safari, Nexon EV in Kerala: Details
📝 Tata Motors to cancel DVR shares, posts Rs 3,203 crore PAT
📝 With battery prices declining, EVs edge out CNG as cheapest travel option
📝 India needs EV policies to be roadmap-oriented and not ad hoc in nature: Chetan Maini
📝 Tata Motors lines up Rs 38,000 crore capex spend in FY24
📝 Govt to wait for separate chip plans from Foxconn, Vedanta
📝 Tata Motors plans to make DVR shares ordinary
📝 Bajaj Auto Q1 Results: Net jumps 42% on strong operational performance in domestic market
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🎤 Interviews & Features
📝 2023 Honda Elevate SUV mileage figures revealed: Price announcement soon
📝 Role of Energy Storage System in Boosting EV Infrastructure in India
📝 How to check used two-wheeler before purchasing: Step-by-step guide
📝 Should you invest in auto stocks? Anand Tandon answers
📝 Bajaj Auto among top picks in two-wheelers; ripe for re-rating: Abhishek Gaoshinde
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🚗 Cars / SUVs
📝 Maruti Suzuki recalls 87,599 units of S-Presso, Eeco: Here’s why
📝 Looking to buy Renault car? You can find a mobile showroom in your neighborhood
📝 Volkswagen India opens 3 new touchpoints in Delhi NCR
📝 Tata Motors announces attractive Onam offers in Kerala
📝 Kia Seltos 2023 vs Hyundai Creta, Maruti Grand Vitara: What suits your budget?
📝 Hyundai Exter's waiting period already hits up to 1 year
📝 2024 Kia Sorento SUV revealed: Gets mild-hybrid and plug-in hybrid powertrains
📝 New Skoda Superb powertrain options revealed: PHEV variant to get 100 km electric-only range
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Electric-Cars / SUVs
📝 India-bound Kia EV9 shows off its power in a scary style, electrocutes a human with 1 million volts. Details here
📝 Electric car range can suffer big time under very hot conditions: Study
📝 Indian EV startup Pravaig Dynamics to set up manufacturing plant in Saudi Arabia, to produce 10 lakh cars
📝 Charging your electric car to get expensive in Karnataka: Other states to follow?
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🚗 Luxury Cars
📝 Baba Ramdev takes new Land Rover Defender 130 for a spin!
📝 Tata Motors' JLR revenue jumps 57% on year to £6.9 billion in Q1FY24
📝 Range Rover Velar facelift launched in India: Prices start at Rs 93 lakh
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⛟ Commercial Vehicles
📝 PMI Electro appoints Aanchal Jain as CEO
📝 Fleet of 50 new CNG midi buses to ply on city streets soon in Bhopal
📝 Chandigarh EV policy: Diesel bus registrations halted, age-limit for school buses discussed
📝 GreenCell Mobility gets INR 3000-cr REC loan offer to buy 3000 e-buses
📝 Tresa Motors appoints Bharat Benz’s Creative Head of Studio as its Chief Design Officer
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🏍 2/3 Wheelers
📝 Global sales of Royal Enfield Hunter 350 Roadster cross 2 lakh units
📝 Bajaj Auto's revenue and profit surge in Q1 FY24
📝 Bajaj Auto stock falls 1% today after Q1 results announcement; Net-profit jumps 42% to Rs 1,665 crore on-year
📝 TVS Motors rises 6% on healthy Q1 results, two-wheeler demand revival
📝 2023 Honda SP160 India launch soon: What to expect?
📝 Hero Karizma XMR 210: What to expect?
📝 India-bound 2024 Triumph Speed Twin 900 & Speed Twin 1200 unveiled globally
📝 Bajaj Auto: Strong domestic business momentum drives revenue, EBITDA and PAT to new highs
📝 Harley-Davidson Nightster 440 reportedly in works: What to expect
📝 Harley, Triumph give a rough ride for Royal Enfield on Google searches
📝 Hero Motors tunes up for D-Street, could raise up to Rs 1,500 crore
📝 Triumph Bajaj Speed 400 twins win 17,000 bookings; deliveries from month-end
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🚲 Electric 2/3 Wheelers
📝 TV host Rannvijay Singha brings home a limited edition Ultraviolette F77 electric sportsbike
📝 Enigma Auto launches Ambier N8 e-scooter at INR 1,05,000
📝 TN forest guards get e-bikes to patrol inside jungles
📝 Ola Electric scooter fire being investigated in southern Kerala
📝 Joy e-bike expands with new showrooms in 7 states
📝 Hero Electric, Okinawa and 5 other EV makers asked to refund FAME II incentives or face de-registration: Centre
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⚙ Components
📝 Hendrickson launches air, mechanical suspensions for trailers
📝 TVS Holdings Q1 standalone net remains flat at ₹28 cr.
📝 Rane Engine Valve turns in net profit of ₹1.7 crore in Q1
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🌇 Allied Industries
📝 TVS Supply Chain Solutions gets Sebi nod to float IPO
📝 KPIT Technologies Q1FY24 profit up 56.9% at Rs 134 crore, dividend announced
📝 CEAT Q1 net profit increases 15-fold on dip in raw material prices
📝 Battery PLI aspirants split on capacity to be offered for bids
📝 Uno Minda launch in-car speakers in India, powered by Onkyo
📝 Skillveri’s XR tech training goes global to enable error-free painting and welding across shopfloors
📝 KPIT Technologies Q1 net profit up 53% to INR 134 crore
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🌢 Fuels, Lubricants & Charging Stations
📝 Oil prices rise on tighter supply, China hopes
📝 Russia plans to lower oil export discount to USD 20/bbl: Finance Minister
📝 Petrol @ INR15? Ethanol blending is a great innovation but won’t cut retail prices so drastically.
📝 Torrent Power shares surge after foray into EV charging infra sector
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💸 Finance & Insurance
📝 New car insurance plan: File single claim for multiple chips, scratches, minor losses anytime; should you buy?
📝 Vehicle Financing: Pre-owned car loans are costlier
📝 TVS Credit Services Q1 net rises 41% to ₹117 cr. on loan disbursals
📝 Bajaj Finance Q1 Preview: PAT likely to rise up to 34% YoY on robust new loan bookings
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📖 Magazines News
📝 Toyota lines up two MPVs, one SUV for India launch this year
📝 Mercedes-Benz teases entry-level EV sedan concept
📝 Maruti recalls 87,599 units of S Presso, Eeco over faulty steering tie rod
📝 Mini Cooper Electric interior officially revealed
📝 EV scooter makers mull filing for bankruptcy post subsidy slash
📝 One lakh new Triumphs, Harleys to hit the road in a year
📝 Honda SP160: Which bikes will it rival?
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📰 International News
📝 General Motors Q2 earnings rise 52% on strong sales, prices and automaker raises outlook for 2023
📝 Indonesia plans incentives for EV makers, sets up meeting with BYD, Tesla
📝 Lyft is considering strategic options for bike, scooter unit
📝 French auto supplier Plastic Omnium reports strong growth, shares rise
📝 UK minister: petrol car ban immovable but some green policies to be relaxed
📝 EV charger operator EVCS seeks to raise USD 125 million to expand network
📝 NXP forecasts third quarter above estimates on steady automotive demand
📝 2024 Subaru BRZ tS gets STI-tuned suspension
📝 Chinese battery giant CATL posts 63% growth in Q2 profit
📝 Thailand car production rises in June, local sales drop
📝 BYD widens lead over Volkswagen as China’s top-selling car brand
📝 This electric flying car becomes first to get permit to drive on public roads
📝 Mercedes-Benz aims entry-level segment, new concept teased ahead of IAA Munich debut. Know more
📝 Electric cars could be crucial for the EU to meet its climate goals
📝 GM to add battery module assembly to some North American EV plants
📝 GM does a U-turn to save the Chevy Bolt
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