Top Indian Automobile Industry News & Updates - 29 July 2023,Saturday
🏢 Industry
📝 Piaggio Group H1 2023 net profit up 43.4% to EUR 64.8 m
📝 MG Motor joins with IONAGE to create destination charging ecosystem in India
📝 Tesla executives hold market entry talks with India investment agency: Sources
📝 PM Modi invites global semiconductors majors to invest in the country
📝 PM Narendra Modi woos chip firms with 50% aid plan
📝 Vedanta has identified a new tech partner: Anil Agarwal
📝 Vedanta to build its first make-in-India chip within 2.5 yrs: Anil Agarwal
📝 AMD to invest USD 400 million in India in five years
📝 Micron ready to set up India’s 1st semiconductor facility in Gujarat
📝 India to get first chip facility soon, Micron to invest around Rs 6 thousand crore, generate 20,000 jobs
📝 EVs can revolutionize commercial fleets and boost efficiency, says ALT Mobility CEO
📝 BYD tells India partner it wants to drop USD 1 billion EV investment plan
📝 dSPACE selects Kerala as an ideal locale for high-tech ops
📝 India sets steady path toward local semiconductor industry
📝 SMEV letter to Heavy Industries Ministry proposes ineligible OEMs be allowed to recover subsidies back from customers
📝 Foxconn looks to invest $2 billion in India over 5 years
📝 India facility crucial to meet global chip demand, says Micron Technology
📝 Ola denies receiving flood warning over viral video of 350 drowned cabs
📝 Confident that India will have minimum 5 fabs in 5-7 years: IT Minister Ashwini Vaishnaw
📝 India and Japan look to collaborate in building semiconductors and resilient supply chains
📝 Make sure DVR instruments don’t become extinct
📝 India's talent pool, govt policies make it unique for semiconductor bets
📝 Electric vehicle policy boosts sales to record high in Chhattisgarh
📝 No BS-III petrol, BS-IV diesel vehicles during 'severe' AQI
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🎤 Interviews & Features
📝 2023 Kia Seltos facelift vs Maruti Suzuki Grand Vitara: Price, specs, features & more
📝 Mid-cycle refresh for Kia’s mid-size SUV
📝 Car Review: New Kia Seltos : The fine art of designing a car
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🚗 Cars / SUVs
📝 Upcoming Tata SUVs in India in 2023: Punch CNG, Nexon facelift & more
📝 Next-gen Nissan Kicks spied: Will it make a comeback in India?
📝 2024 Tata Safari facelift interior spied with new touchscreen, steering wheel
📝 Honda Elevate SUV, rival to Hyundai Creta and Kia Seltos, has waiting period of nearly four months even before launch
📝 What does it take to style new-age Tata cars? Design boss Martin Uhlarik reveals
📝 Tata Nexon facelift spied again, may come with Tata Curvv concept-like front fascia
📝 Maruti Q1 revenue likely to be flat QoQ; high RM costs may contract margins
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Electric-Cars / SUVs
📝 Renault-Nissan working on two new electric models for the Indian market
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🚗 Luxury Cars
📝 MINI introduces new OLED screen embedded with OS 9
📝 Audi reports good performance in first half of 2023, Q6 e-tron to launch soon
📝 New powers to Audi’s flagship
📝 2024 Mercedes-Benz V-Class introduced, to compete with Toyota Vellfire
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⛟ Commercial Vehicles
📝 Tata Motors delivers prototype of indigenous e-bus to BMTC
📝 BEST seeks Rs 3,419 cr from Mumbai civic body to procure new buses
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🏗 Construction & Agri Machinery
📝 AutoNxt Automation displays its e-tractor X45H2 at Clean Energy meeting in Goa
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🏍 2/3 Wheelers
📝 Hero MotoCorp Harley-Davidson X440 booking to close on Aug 3, deliveries from Oct
📝 As demand soars, Triumph Speed 400 booking amount raised to Rs 10,000
📝 Ducati Monster 30th anniversary edition: All you need to know
📝 2023 Benelli TRK 502 and 502X get new colour schemes
📝 Bajaj Auto exports riding the recovery route, Q1 sees 20% jump in vehicles shipped to Africa
📝 Entry-level bike sales continue in the slowlane: Are price hikes, fuel rates the party pooper?
📝 2024 Yamaha Tenere off-road adventure tourer unveiled with new TFT screen
📝 TVS Motor’s social arm invests Rs 2 crore for tiger conservation initiatives
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🚲 Electric 2/3 Wheelers
📝 India's IPO-bound Ola Electric recorded USD 136 mn loss in FY2022-23
📝 Customers be asked to refund rebate on electric 2-wheeler purchases amid subsidy cancellation, says EV makers body
📝 Ola receives 3,000 for S1 Air within hours of opening booking window
📝 Pre-bookings for Ather 450S commence, will launch on August 3rd
📝 Ola S1 Air e-scooter purchase window opens: Priced at Rs 1.10 lakh
📝 Hero Motocorp and Zero Motorcycles join hands to bring Zero electric bikes to India
📝 e-Sprinto collaborates with AutoEVmart to expedite EV sales
📝 EV maker Tork Motors to launch 3 new products this year
📝 Ola Electric recorded $136 mn loss in FY23
📝 MCL provides e-vehicles to women SHGs for waste collection in Sambalpur
📝 5 E2-wheeler cos face lawsuits over FAME-II
📝 Ola Electric axes S1 variant from electric scooter lineup: Production capacity woes?
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⚙ Components
📝 Motherson Sumi Q1 FY24 PAT at INR 123 cr
📝 Current supply chain still catering to 90% ICE segment: Vikas Marwah, CEO, Lumax Auto
📝 Wheels India gets NCLT nod to merge with Sundaram Hydraulics
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🌇 Allied Industries
📝 Valeo opens new assembly line for ultrasonic sensors in Sanand, Gujarat
📝 Servotech Power to manufacture EV charger components, lithium-ion batteries with initial investment of Rs 30 crore
📝 Exide Industries Q1 net profit up 7 per cent
📝 India's Exide Industries misses Q1 profit view on higher costs
📝 Uno Minda launches 400W in-car speakers in India at Rs 4,990
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🌢 Fuels, Lubricants & Charging Stations
📝 Ather Energy E2W charging network to be expanded through BPCL fuel stations
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🌍 Emissions/Environment
📝 Data-driven testing needed to address vehicle pollution in Delhi-NCR, say experts
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💸 Finance & Insurance
📝 Mahindra Finance Q1 PAT up 58% on strong disbursements, fall in provisions
📝 Why Should One Purchase Comprehensive Car Insurance?
📝 Comprehensive Car Insurance: Benefits and factors to keep in mind while buying a plan
📝 Steps to Avoid Scams while Purchasing Car Insurance Online
📝 Shriram Finance expects strong growth in construction, farm equipment in Q2
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📖 Magazines News
📝 Lamborghini Revuelto sold out until 2026
📝 New cars, SUVs launching in August 2023
📝 Jeep Compass petrol could make a comeback in 18-24 months
📝 Harley-Davidson X440 online bookings close on August 3, deliveries from October
📝 Hero-partnered Zero electric bikes to be made and sold in India
📝 Triumph Speed 400 booking amount raised to Rs 10,000
📝 Triumph Speed 400 vs RE Hunter 350 vs Classic 350 comparison: Retro rivalry
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📰 International News
📝 Ocean shippers playing catch up to electric vehicle fire risk
📝 Toyota's global sales rise 5.1% to 4.9 mln in first half of 2023
📝 Audi Group H1 2023 operating profit at EUR 3.4 bn
📝 Bentley Motors H1 2023 operating profit dips 2% to GBP 390 m
📝 Panasonic, Subaru expected to announce EV battery plan
📝 China's gasoline demand peak nears as EV boom hastens transition
📝 SK Innovation expects refining margins to gradually improve in H2
📝 Evergrande EV unit shares plunge after 16-month halt
📝 VW-Xpeng EV models to use Xpeng platform in boost for Chinese startup
📝 Global Auto hikes buyout offer for Lookers, shares soar
📝 Valeo H1 2023 sales up 19% to EUR 11.2 bn
📝 Harley-Davidson profit skids, outlook revised on production halt
📝 Refiner Valero's quarterly profit tumbles on margins hit
📝 Shell, TotalEnergies profits slump as oil, gas prices cool after bumper 2022
📝 Automakers' demand helps STM weather softening chip market
📝 Audi reveals Q6 e-tron electric SUV Concept, rival to Tesla Model Y, ahead of launch later this year
📝 Ford recalls 870K F-150 pickups in US, parking brakes turn on unexpectedly
📝 Ford recalls 870K F-150 pickups in US because parking brakes can turn on unexpectedly
📝 Tesla's 'secret team' hid thousands of driving range complaints: EVgate in the making?
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