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
Read More >>

🎤 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
Read More >>

⛟ 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
Read More >>

🏗 Construction & Agri Machinery

📝  AutoNxt Automation displays its e-tractor X45H2 at Clean Energy meeting in Goa
Read More >>

🏍 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
Read More >>

🚲 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?
Read More >>

⚙ 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
Read More >>

🌇 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
Read More >>

🌢 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
Read More >>

💸 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
Read More >>

📖 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
Read More >>

📰 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?
Read More >>


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