Top Indian Automobile Industry News & Updates - 27 July 2023,Thursday

🏢 Industry

📝  How Tata Motors DVR, TCI Express and L&T are looking on charts for Thursday’s trade
📝  Battery, CNG-powered models catapult Tata to No.2 in the hatchback segment
📝  Foxconn unit in talks for $200 mn components plant in Tamil Nadu
📝  M&M picks up 3.5% stake in RBL Bank for ₹417 cr
📝  A new industry alliance aimed to ‘democratise’ EV tech, in the making
📝  Pamela Tikku joins Mahindra as VP and Head of Auto Group Public Affairs
📝  Renault and Nissan agree to step into a new phase of Alliance
📝  Pune RTO plans workshops for drivers of heavy vehicles
📝  Mahindra & Mahindra restructures sourcing unit to ensure faster supply
📝  Heavy Industries confirms 2 OEMs suspended from FAME
📝  Indian chip-maker Polymatech to invest $1 billion on expansion
📝  Tata Motors ‘A’ shares delisting offers 23% bonanza to DVR holders; here’s how investors can maximise gains
📝  Tata Motors posts net profit of Rs 3,202.80 crore in first quarter of current fiscal
📝  TI Clean Mobility floats arm to make small e-CVs
📝  Tata Motors' DVR shares soar over 12% on conversion plan announcement
📝  For Tata Motors investors, everything is revving up rosy
📝  Uncertainty in battery cells biz demands realistic incentives from govt
📝  Foxconn, Micron, AMD among top chip makers to participate in Semicon India event in Gujarat on July 28
Read More >>

🎤 Interviews & Features

📝  Will Tata Motors enjoy a twin-engine effect for the next 2-3 years? Here’s what CFO Balaji says
📝  'No impact of US, EU crisis on CEAT, exports to be 25% of revenue in 2 yrs'
📝  Why India should facilitate entry of $1 billion-investing Chinese company BYD the safety belt: BYD
Read More >>

🚗 Cars / SUVs

📝  Skoda India announces Monsoon Service Campaign
📝  Honda reveals ARAI-claimed mileage of its Elevate SUV, to launch in September, 2023
📝  Renault India rural sales share jumps to 38% in 3 years, targets good urban-rural mix
📝  Toyota’s version of Maruti Suzuki Fronx India launch this year: What to expect?
📝  Volkswagen opens three new touchpoints in Delhi NCR
📝  A new Harrier and Safari! TaMo to revamp line up this festive season
📝  Tata Motors to launch CNG variant of Punch, top variants to get sunroof
📝  Toyota Rumion MPV India launch likely soon: Design and other expected details
📝  292% increase in Maruti Suzuki monthly subscriptions in FY 22-23: Fronx, Invicto new additions
Read More >>

Electric-Cars / SUVs

📝  Tata Motors applies for PLI benefits for Tiago electric car, says top exec
Read More >>

🚗 Luxury Cars

📝  Volvo Cars India sells 241 units of XC40 Recharge in H1 2023
📝  MS Dhoni drives his vintage Rolls-Royce Wraith II in style
📝  Audi Q6 e-tron prototype officially revealed with second-gen digital OLED technology
📝   Mercedes-Benz A200 L tech review | A balancing act between functionality and style
Read More >>

⛟ Commercial Vehicles

📝  Ashok Leyland embarks on 'Manzil ka Safar' drive
📝  Prototype electric bus model arrives in Jammu; trials to begin soon
Read More >>

🏗 Construction & Agri Machinery

📝  Rane Madras Q1 net slides 85% on decline in sales
Read More >>

🏍 2/3 Wheelers

📝  Triumph Speed 400 dispatch begins from Bajaj’s Chakan plant: Deliveries to start soon
📝  Hero Motors tunes up for D-Street, could raise up to INR 1,500 crore
📝  2023 Hero Xtreme 200S 4V: New vs old model differences explained
📝  New KTM 390 Duke: What we know so far
📝  Jawa Yezdi motorcycles concludes Kargil Vijay Diwas ride
📝  Hero Karizma XMR 210 gets a launch date. What you need to know
📝  After X440 Harley-Davidson Nightster 440 is in the works. Details here
📝  TVS Motor keeps faith in loss-making subsidiaries
📝  Royal Enfield Hunter 350 crosses 2 lakh sales milestone within one year of launch
📝  LIC offloads over 2% shares in Bajaj Auto via open market transactions
Read More >>

🚲 Electric 2/3 Wheelers

📝  Readily Mobility to provide aftersales service to Ampere 2W fleet customers
📝  Wardwizard Innovations opens 12 new distributor showrooms in 11 cities
📝  Lectrix LXS G2.0 & 3.0 e-scooters launched: Claims up to 105 km range
📝  Ola S1 Air teased in a new Neon Green colour scheme, will rival Ather 450X and TVS iQube
📝  E-scooter vs. e-bike: what makes building a mass-market electric motorcycle a challenging ride
📝  LML Emotion appoints Vinay Piparsania to advisory board
📝  Subsidy cut hits electric two-wheeler sales
Read More >>

⚙ Components

📝  Omax Auto Q1 Results: Net loss narrows to ₹1.15 crore, revenue up marginally
📝  Shanthi Gears Q1 PAT rises 35%
Read More >>

🌇 Allied Industries

📝  CEAT’s net profit zooms to ₹144 crore, revenue from operations up 4.1%
📝  CarLelo redefines corporate identity by introducing new brand logo
📝  CEAT share price rallies over 4% after multi-fold jump in Q1 net profit
Read More >>

🌢 Fuels, Lubricants & Charging Stations

📝  Lubricants demand in India to grow, to go flat in other big markets: Kline & Co. report
📝  Fuel aggregator, Nawgati, says it plans expansion in major Indian cities
📝  Oil prices ease after build in U.S. crude stockpiles
📝  MRPL becomes largest single location refinery in India
📝  Oil companies pre-tax profit seen jumping thrice to Rs 1 lakh crore, FY: Report
Read More >>

💸 Finance & Insurance

📝  Bank of Baroda Car Loan at fixed interest rate linked to Credit Score is available now. See details
📝  Bajaj Finance net profit rises 32% on loan demand
📝  How Ankit Agrawal is building InsuranceDekho as fastest growing insurtech
Read More >>

📖 Magazines News

📝  Kia Seltos facelift fuel efficiency numbers revealed
📝  Audi Q8 e-tron, Q8 e-tron Sportback launch on August 18
📝  Porsche 911 to be carmaker’s sole ICE model by 2030
📝  Audi Q6 e-tron previewed ahead of global debut
📝  Tata Motors to kick off festive season with revamped SUV line up
📝  BMW CE 02 platform developed and built by TVS
📝  Triumph Speed 400 starts reaching dealerships
📝  Triumph Speed 400 vs KTM 390 Duke: Which is quicker?
📝  Ducati Riding Experience at Sepang: Dream Land
Read More >>

📰 International News

📝  Nissan to invest up to 600 mn euro in new Renault EV unit
📝  Hyundai Motor lifts full-year outlook as Q2 profit up 15%
📝  Nissan first-quarter net profit more than doubles
📝  Porsche's iconic 911 to be sole survivor of automaker's combustion models
📝  Hyundai Motor Q2 2023 net profit up 8.5% to KRW 3.35 trillion.
📝  Stellantis profits soar 37% in first half of the year as electric vehicle sales rise
📝  Porsche seeking investors, gigafactory site for Cellforce
📝  Porsche's EV sales target under threat from supply chain snags
📝  Stellantis CEO says Tesla margins hurt as EV maker faces reality check
📝  Israeli chipmaker Tower beats revenue estimates on demand from automakers
📝  Energy storage firm Nhoa considers partnership for EV charging unit
📝  Volkswagen to expand China line-up with Xpeng, SAIC partnerships
📝  Aston Martin races past second quarter expectations
📝  Audi introduces YouTube integration in select models' infotainment systems
📝  GM to add battery module assembly to some North American EV plants
📝  RV industry steers through post-pandemic US slump
📝  Hyundai Motor Group opens battery R&D centre with Seoul National University; to invest KRW 30 bn
📝  Major automakers unite to build electric vehicle charging network they say will rival Tesla's
📝  Tata's Jaguar aims to bounce back from mediocrity with a shocking design. Know more
📝  Porsche 911 to be the sole survivor of automaker's combustion models. Details here
📝  Tesla recalls Model Y, Model S, and Model X over misaligned front cameras. Know more
📝  Driving Change: Tesla to rollout budget model for Asian markets
📝  Big Automakers Plan Thousands of EV Chargers in $1 Billion U.S. Push
📝  Porsche's legendary 911 to remain the last combustion model in the lineup: Report
📝  O'Reilly Automotive names insider CEO, lifts profit view on strong parts demand
📝  US senators seek to reverse 'Buy America' waiver for EV charging stations
📝  UK car production could take five years to return to 1 mn units, says industry
Read More >>


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