Top Indian Automobile Industry News & Updates - 28 July 2023,Friday
🏢 Industry
📝 Renault Nissan Automotive crosses 25 lakh production mark
📝 Semiconductor PLI worth USD 10 bn to help India do in a decade what China did in 25-30 years: Rajeev Chandrasekhar
📝 TN govt creating comprehensive EV sector roadmap: official
📝 Fifth-gen Toyota Land Cruiser Prado global debut confirmed on August 1
📝 LML Emotion appoints Vinay Piparsania to advisory board
📝 Pune RTO plans workshops for drivers of heavy vehicles
📝 India should ramp up consumer subsidies for EVs, instead of rolling them back
📝 Tesla executives meet Invest India chief, may meet Piyush Goyal
📝 Tata Motors launches Onam offers for its passenger vehicle range in Kerala
📝 Bajaj Auto net profit up 42% in Q1 FY24: Revenue jumps 29%
📝 Mahindra & Mahindra tanks 6.40 per cent on RBL Bank stake purchase for Rs 417 crore
📝 US-based semiconductor company to invest Rs 1000 crore in Odisha
📝 India missed semiconductor bus, now it's a rising force: Chandrasekhar
📝 From SGST waivers to cheaper land, EVs rev up states' policy wars
📝 Toyota plans to go solo to set up auto ancillary manufacturing unit
📝 Foxconn unit in talks for $200 million components plant in Tamil Nadu
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🎤 Interviews & Features
📝 2023 Kia Seltos facelift mileage figures revealed: Check details here
📝 What add-ons should a car insurance policy have to prevent damages from floods? Amjad Khan answers
📝 Tata Punch iCNG vs Hyundai Exter CNG: Performance, Features
📝 Citroen C3 Aircross launch next month: Top 4 things to know
📝 Honda Elevate: Here’s why CVT offers more mileage than MT
📝 Lack of research in utilisation rates, electric vehicle penetration lead to abandoned EV chargers: 82Volt Technologies' CEO
📝 We are in the process of becoming a big player in the semiconductor supply chain: Rajeev Chandrasekhar
📝 Tata Safari facelift interiors leaked, expected to feature an all-touch screen centre console
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🚗 Cars / SUVs
📝 New Toyota Vellfire India launch soon: Here’s what to expect
📝 Upcoming Toyota cars in India in 2023: Fronx-based SUV, Vellfire & more
📝 Made-in-Brazil Volkswagen Virtus scores 5 stars in Latin NCAP crash test
📝 Maruti Suzuki trains 2 million learners in its driving school
📝 After Seltos facelift, mid-size SUV segment to expand further with Honda Elevate, Citroen C3 Aircross
📝 Three new AWD/4WD SUVs in India: Maruti Suzuki Jimny and more
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Electric-Cars / SUVs
📝 Hyundai Motor net profit increased by 8.5%, electric models see strong demand
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🚗 Luxury Cars
📝 Audi Q8 e-tron SUV & Sportback India launch on August 18: Jaguar I-Pace rival
📝 2024 Mercedes-Benz V-Class revealed: Gets new design, features and more
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⛟ Commercial Vehicles
📝 How technology megatrends will shape the future of Indian CV industry
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🏍 2/3 Wheelers
📝 Hero MotoCorp to bring Zero electric motorcycles to India. Will be locally built
📝 Benelli TRK 502 & TRK 502X get new colour options for MY2023. Check out
📝 India stands to gain from global socio-political and economic changes, says Ralf Speth, TVS Motor Chairman
📝 Royal Enfield 350 Bobber caught testing: 5 things to know
📝 2023 Hero Xtreme 200S 4V: New vs old model differences explained
📝 Bajaj Auto steps on EV pedal, lines up Rs 500-cr investments
📝 Harley-Davidson quarterly profit skids, outlook revised on production halt
📝 India model pre-orders 'exceeding expectations', says Harley-Davidson CEO
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🚲 Electric 2/3 Wheelers
📝 Lectrix EV unveils e-scooters LXS G3.0 and LXS G2.0 at a price range of INR 1 lakh
📝 Kolkata gets app-based rental platform for e-bikes
📝 As e-bikes proliferate in NYC, so do deadly fires blamed on exploding lithium-ion batteries
📝 Breaking! Ola S1 Air purchase window opens a day early for community members. Details
📝 TVS XL electric moped in development; patents leaked
📝 Quantum Energy opens 2nd showroom in Rajasthan, expands total to 70 in India
📝 Ola S1 Air to launch tomorrow: What all do we know?
📝 How TVS Motors Company is betting big on EVs despite slowing electric two-wheeler sales
📝 Zypp Electric allocates Rs 1.5 crore for buyback, first in EV industry
📝 Ola S1 Air gets new 'Neon' colour ahead of launch tomorrow: Price, specs, range
📝 E-2W sales rebound after correction
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⚙ Components
📝 Sona Comstar Q2 2023 PAT up 48% to INR 112 cr
📝 Sundram Fasteners posts Q1 net at ₹113 crore
📝 Schaeffler India Q2 2023 net profit at INR 237.3 cr
📝 Hendrickson focusses on claiming larger share of India’s trailer supply market
📝 Rane (Madras) Q1 Results: Firm reports standalone PAT of Rs 3 crore
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🌇 Allied Industries
📝 ASDC upskills 300 two, three-wheeler mechanics as EV service techies
📝 TelioEV lists over 10,000 EV charging stations on its Discovery App
📝 Steelbird IGN-8 helmet launched in India: Priced at Rs 4,699
📝 MRF planning to gain strong foothold in EV tyre market: KM Mammen
📝 Tata Elxsi commits to automotive OTA update standardisation, joins global body eSync Alliance
📝 Mobec targets 100 franchisees for portable EV charging network in India by December
📝 Ceat bets on exports to drive volumes
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🌢 Fuels, Lubricants & Charging Stations
📝 BPCL still in talks for Russian oil deal, discounts narrow
📝 Lubes market to grow a 3% CAGR in India: Report
📝 India's ethanol blending programme faces uncertainty due to crop impact
📝 Oil firms, govt are earning well. But you may still have to pay high fuel prices
📝 Chandigarh MC says no EV charging stns in parking lots, UT to go to Purohit
📝 Praj Industries sees global orders drive growth, posts Rs 58 crore profit in Q1 FY2024
📝 How to set up electric vehicle charger at home: Step-by-step guide
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💸 Finance & Insurance
📝 Shriram Finance Q1 PAT up 25% on NII growth, lower provisions
📝 M&M buying a tiny part of RBL Bank: Is it a big deal?
📝 Bajaj Finserv Q1 Results: Cons PAT spikes 48% YoY to Rs 1,943 crore; revenue jumps 47%
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📖 Magazines News
📝 Aston Martin will use Mercedes hybrid tech for core models
📝 Tata Safari facelift interior fully uncovered
📝 New Toyota Land Cruiser Prado global debut on August 1
📝 EVs better than petrol scooters on operating economics, says Executive Director, Bajaj Auto
📝 Renault-Nissan alliance has built 2.5 million cars in India
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📰 International News
📝 Tesla created secret team to suppress thousands of driving range complaints
📝 Volkswagen cuts sales outlook as EV competition heats up
📝 Russian car production jumps 210% YoY in June from low base
📝 Western car makers look to slash EV costs to fight Chinese 'invasion'
📝 Auto parts distributor LKQ cuts profit outlook as commodity costs bite
📝 China's Sunwoda plans USD 274.7 mn Hungarian battery plant
📝 Car parts maker Forvia hikes 2023 targets on stronger auto production
📝 LGES warns of sluggish EV demand in Europe, quarterly profit misses forecasts
📝 Mercedes-Benz raises earnings outlook as supply issues ease
📝 Ford execs met with US lawmakers amid criticism of China battery maker CATL
📝 Seven car makers join hands to invest $1 billion to setup fast charging network in USA
📝 Volkswagen takes steps to boost China biz as 1st-half earnings fall by 20%
📝 New electric vehicle charging network being built by major automakers could lure more buyers to EVs
📝 US lawmakers struggle to find deal on self-driving cars: Report
📝 Hertz beats profit estimates on strong rental car demand
📝 Lordstown Motors stalls on the road to a quick bankruptcy sale
📝 GM warns US emissions rules could cost industry USD 100 billion in penalties in 2031
📝 Ford slows EV ramp as Q2 commercial vehicle profit booms
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