🏢 Industry
Captain of India Auto Inc welcome Budget 2024
The Interim Budget 2024-25 was announced by Finance Minister Nirmala Sitharaman today, while there were no clear specifics announced for the automotive industry, stakeholders see subtle hints towards green mobility.
IIT Jodhpur Researchers showcase solutions to improve road safety and traffic congestion
Researchers from the Indian Institute of Technology Jodhpur have showcased what they claim is a cutting-edge technology christened Novel MAC-Based Authentication Scheme (NoMAS), which they say will redefine the landscape of future transportation.
Car, SUV sales hit new all-time high in January
Passenger vehicle (PV) dispatches to dealers in January surpassed previous months as demand momentum continued into the new year. The industry recorded a 14% year-on-year (y-o-y) increase to 394,571 units during the reporting month, according to data shared by Maruti Suzuki.
FAME slows down, auto PLI in fast lane
New Delhi: The government slashed the allocation for FAME, its umbrella scheme for a switch of electric mobility, by 44% for FY25 even as it hiked the corpus for the production linked incentive scheme for autos by over seven times.
Passenger vehicles, two-wheelers domestic sales continue momentum in January
New Delhi: The automobile industry reported positive wholesale (dispatches to dealers) in the passenger vehicles (PVs) and two-wheelers segments in January on year-on-year (y-o-y) basis, but commercial vehicle (CV) segment continued to record decline in sales during the month. In the PV segment, Maruti Suzuki India reported a growth of 13.20 per cent to 1,66,802 units in its domestic sales during the month compared with 1,47,348 units in the corresponding month last year. Similarly, the second largest PV manufacturer Hyundai Motor India sold 57,115 units, a growth of 14 per cent against 50,106 units in January 2023.
Tata Motors sales up 6% to 84,276 units in Jan’24
New Delhi: Tata Motors’ sales in the domestic and international market for January 2024 stood at 86,125 vehicles, compared to 81,069 units during January 2023. Tata Motors reported a 6% increase in its total domestic sales to 84,276 units in January 2024, compared to 79,6817 units in the same month a year ago.
Indians purchased over 21 crore vehicles in last 10 years: President Droupadi Murmu
Indians purchased more than 21 crore vehicles in the last decade as compared to 13 crore vehicles in the 10 years before 2014, President Droupadi Murmu said on Wednesday. Sales of electric vehicles in the country have also increased multi-fold, she said in her first address to a joint sitting of the two Houses in the new Parliament building.
Anand Mahindra shares 5 reasons why he is ‘pleased’ by Interim Budget 2024
Budget 2024: The Union Finance Minister on Thursday presented Modi 2.0 government's last budget as the Lok Sabha elections are due in May most likely. In the Interim Budget speech, the finance minister resisted the temptation of spending trillions of rupees on schemes for the poor despite the elections nearing and instead focused on fiscal consolidation to attract investors.
Carmakers record best-ever monthly sales in January; Maruti, Hyundai & Tata lead from the front
Automakers post highest ever monthly passenger vehicle wholesales in Jan
Mahindra Auto SUV sales up 31% to 43,068 units in Jan’24
Source Credit: The Economic Times
New Delhi: Mahindra & Mahindra Ltd. (M&M Ltd.), one of India’s leading automotive companies, Thursday announced that its overall auto sales for the month of January 2024 stood at 73,944 vehicles, a growth of 15%, including exports.
In the Utility Vehicles segment, Mahindra sold 43,068 vehicles in the domestic market, a growth of 31% and overall, 43,866 vehicles, including exports. The domestic sales for Commercial Vehicles stood at 23,481.
According to Veejay Nakra, President, Automotive Division, M&M Ltd., “In January, we sold a total of 43,068 SUVs, a healthy 31% growth and total 73,944 vehicles, a 15% growth over last year. We began the year with the launch of 2024 XUV700, with a whole host of new features that elevates comfort, tech and sophistication to the next level. Honouring the spirit of ‘Viksit Bharat’ this Republic Day, we flagged off the “Drivers of Change” initiative that honours women achievers across various fields and highlight their role as a driving force in India's progression towards an advanced and inclusive society.”
📝 Bajaj Auto sales up 31% to 2,30,043 units in January 2024
📝 Govt allocates Rs 1,300 cr to procure e-buses, Rs 24,931 cr for metro projects in interim Budget
📝 EV sector may have to wait longer for FAME subsidy extension
📝 Mahindra & Mahindra total vehicle sales rise to 73,944 units in January
📝 Government plans expansion of EV infrastructure and introduces Bio-Manufacturing Scheme: Nirmala Sitharaman
📝 Tata Motors Q3 Result Preview: Consolidated PAT may surge 55% YoY on upbeat all-round show
📝 On path to a brighter and more prosperous India
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🎤 Interviews & Features
2024 Skoda Octavia facelift teased ahead of global debut
Skoda has officially released a teaser video of the upcoming 2024 Octavia facelift ahead of its global debut expected in the coming weeks. The teaser gives out the first glimpse of the refreshed look with subtle changes in the new Octavia. This is the first major makeover to the current fight-gen model of the premium sedan since it first made its debut in 2020.
Mahindra Thar 5-door: New features and interiors revealed
Mahindra Thar 5-door is one of the most anticipated SUVs. We had recently reported about the new dashboard including the bigger touchscreen and new instrument cluster. Today we will share new details of the Thar 5-door in terms of design and the interiors.
📝 By the turn of the decade, Maruti Suzuki hopes to export 750,000 to 800,000 cars: Rahul Bharti
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🚗 Cars / SUVs
Maruti must maximise
Twenty years later, the situation has not changed much. It is as if the rest of the automakers fight for the number 2 slot and onwards. Just like the era of Sergei Bubka in pole vault. Competition settles into its own fight club. And then I chanced upon this infographic on v3cars.com.
The numbers tell a story.
Volkswagen working on entry-level EV for India - executive
The Volkswagen Group is looking to introduce an entry-level electric vehicle (EV) in India by the second-half of this decade, the chief executive of its local unit said at an event on Thursday.
Despite slowdown in demand for entry-level cars, SUVs power Maruti Suzuki India’s sales in January
Maruti Suzuki India, the country’s largest carmaker continues to benefit from expanding its SUV portfolio.
Honda Cars India sells 8,681 vehicles in January 2024, clocks highest monthly exports with 4,531 units
Honda Cars India (HCIL), a leading manufacturer of passenger vehicles in the country reported wholesales of 8,681 units in January. It also reported its highest-ever monthly exports at 4,531 units.
Toyota records highest-ever monthly sales at 24,609 units in Jan’24
Toyota reports record monthly sales of 24,609 vehicles in January 2024
The Financial Express
Maruti Suzuki's total vehicle sales rise 5 pc at 1,99,364 units in January
Maruti Suzuki's total vehicle sales rise 5% at 199,364 units in January
Hyundai sales rise 8.5 pc in January at 67,615 units
Hyundai India reports highest monthly domestic sales of 57,115 units in January 2024
The Financial Express
📝 Brezza, Fronx SUVs continue to power Maruti sales in January
📝 Maruti Suzuki may hike car prices again soon. Here's why
📝 Tata Motors shares first glimpse of Curvv SUV in production form, launch soon
📝 Maruti Suzuki reports record january sales of 1.99 lakh
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Electric-Cars / SUVs
📝 Volkswagen plans to launch entry-level electric car in India soon
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🚗 Luxury Cars
Mercedes-Benz launches its most affordable SUV in India: Check price here
Mercedes-Benz GLA features
📝 Bharat Mobility Global Expo: BMW showcased its EV might with i7, iX, i4 and iX1
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⛟ Commercial Vehicles
JBM Auto posts net profit of Rs 48 crore in Q3 FY2024, toolroom and OEM division see strong growth
JBM Auto, one of India’s leading automotive and electric vehicle company has announced its consolidated results for the Q3 FY2024.
Ashok Leyland total vehicle sales decline to 15,939 units in Jan
Ashok Leyland total vehicle sales decline by 7% to 15,939 units in January
📝 Omega Seiki Mobility plans hydrogen-powered SCVs with French technology
📝 Eicher Motors sees mixed January sales for commercial vehicles
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🏍 2/3 Wheelers
Hero MotoCorp sells 420,934 units in domestic market in January 2024
New Delhi: Hero MotoCorp, manufacturer of motorcycles and scooters, sold 433,598 units in January 2024, registering 22% growth over the corresponding month (January 2023), when it had sold 356,690 units.
KTM RC series get new colours for 2024
For 2024, KTM will introduce new colour and graphic updates across its RC range, taking inspiration from past prototypes and current Factory Racing colour combinations.
Royal Enfield posts 2pc rise in sales at 76,187 units in Jan
Royal Enfield sales rise 2% at 76,187 units in Jan, exports decline
📝 HMSI domestic overall sales rise 42 pc to 4,19,395 units in January
📝 CNG motorcycles Bajaj Auto's next big bet for the future of two-wheelers: Details
📝 Suzuki Motorcycle India January domestic sales at 80,511 units
📝 TVS Motor vehicle sales grow 23 pc to 339,513 units in Jan
📝 Bajaj Pulsar N160 & N150 with Bluetooth & new instrument cluster teased
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🚲 Electric 2/3 Wheelers
📝 Ola's Bhavish Aggarwal has some big announcements for Friday. Here's what the EV co may announce
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⚙ Components
Valeo expands Chennai Technical Centre to focus on HIL & SIL farms, cybersecurity testing lab too
Tier 1 component supplier Valeo has expanded its Group Technical Centre in Chennai, India with a strategic focus on technology and innovation.
Motherson Sumi Wiring India posts Rs 168 crore profit
Motherson Sumi Wiring India, a leading full-system solutions provider to OEMs in the wiring harness segment in India, which is a joint-venture between Samvardhana Motherson International (SAMIL) [Formerly Motherson Sumi Systems] and Sumitomo Wiring Systems has announced its financial results for Q3 FY2024.
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🌇 Allied Industries
Lumax Auto Tech partners Germany’s Bluechem Group to expand products and services in Indian aftermarket segment
Lumax Auto Technologies (LATL), a leading Tier-1 diversified automotive systems and components manufacturer, through its Aftermarket Division has entered into a strategic partnership with Bluechem Group of Germany, a leading automotive car care solutions. LATL is a listed company under the Lumax-DK Jain Group.
L&T Tech, Marelli’s Digital Twin solutions to cut down prototype development time by upto 70%, cost reduction by 30%
L&T Technology Services, a leading global digital engineering and R&D services company is supporting Marelli, a leading mobility technology supplier in redefining the landscape of automotive infotainment and information cluster design through the introduction of Marelli’s Digital Twin solutions.
Apollo Tyres launches doorstep car servicing initiative Trumigo
Apollo Tyres, one of the leading tyre manufacturers in the country has entered doorstep car servicing space under its digital initiative christened ‘Trumigo’.
Amara Raja posts Rs 313 crore net profit for Q3 FY2024
Amara Raja Energy & Mobility, formerly known as Amara Raja Batteries, a comprehensive solutions provider in the Energy & Mobility space reported its financial results for Q3 FY2024.
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🌢 Fuels, Lubricants & Charging Stations
Oil nudges higher, buoyed by rate cut expectations
Oil prices edged up on Thursday, supported by signals from the U.S. Federal Reserve on a possible start to rate cuts and as China unveiled new support measures for its embattled property market.
📝 Asia crude oil imports start 2024 strongly as India leads: Russell
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📖 Magazines News
Toyota Innova Hycross flex fuel, Mirai, Hyryder CNG showcased at Bharat Mobility Global Expo 2024
Source Credit: Autocar India
Toyota has showcased five models at the ongoing Bharat Mobility Global Expo 2024 in New Delhi. The brand’s focus at this event is on alternative fuel vehicles. Toyota India currently sells petrol, petrol-hybrid, CNG and diesel-powered models.
Tata Curvv debuts at Bharat Mobility Global Expo 2024
Source Credit: Autocar India
The Tata Curvv has been displayed on the first day of the Bharat Mobility Global Expo 2024. The Curvv was earlier shown, more than once, in various stages of development, and is expected to go on sale in the coming months.
Tata Nexon CNG, Harrier EV showcased at Bharat Mobility Global Expo 2024
Source Credit: Autocar India
The Nexon CNG has made its debut as a concept at the Bharat Mobility Expo in New Delhi. The Nexon iCNG concept previews the production-spec Nexon CNG that will go on sale in the near future.
Skoda Enyaq iV debuts at Bharat Mobility Expo 2024
Source Credit: Autocar India
Skoda Auto Volkswagen India had announced its participation at the Bharat Mobility Expo 2024, and has showcased the Skoda Enyaq iV EV in the country for the first time. The brand claims that it has a selection of cutting-edge ICE and EV models that include cars and SUVs from VW Group brands like Audi, Porsche and Lamborghini.
Maruti Wagon R Flex Fuel, eVX concept showcased at Bharat Mobility Global Expo 2024
Source Credit: Autocar India
Maruti has showcased the eVX concept at the ongoing Bharat Mobility show in New Delhi. The eVX concept previews Maruti’s first SUV for India that will go on sale sometime in late 2024. The eVX SUV is being built in partnership with Toyota, which will also have their own iteration. Toyota’s version of the eVX will go on sale next year.
Indian gov allocates Rs 3,500 crore for PLI Auto, Components scheme in FY25
Source Credit: Autocar India
In what could be a major boost to the financials of manufacturers and component makers, today’s interim budget has allocated Rs 3,500 crore towards the production-linked incentive scheme for automobiles and components for the next financial year. The disbursement of incentives under the scheme will start in 2024-25.
FAME subsidy to continue, receives Rs 2,671 crore boost
Source Credit: Autocar India
In the interim budget announced today, the government has allocated Rs 2,671 crore for the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicle (FAME) scheme for the current financial year. As per the budget documents, the revised estimate of allocation for the FAME scheme in the next financial year is Rs 4,807 crore, down from the earlier budget estimate of Rs 5,172 crore.
Eight new Maruti models in the next four years
Source Credit: Autocar India
Following what was one of the most aggressive product offensives by Maruti Suzuki in the last few years, the carmaker is gearing up for an even more audacious goal with what it calls Vision 3.0. The plan envisages Maruti Suzuki doubling production capacity to four million units and tripling exports from India in the next eight years, but crucially, by the end of the decade, it intends to expand the number of models in its portfolio from 17 to 28. There are as many as eight new models headed our way in the next three to four years. The 28-model portfolio is likely to sport half a dozen different powertrains from EVs to hybrids, petrol, CNG, flex-fuel and ethanol-powered cars. Here’s what’s store.
Aston Martin DB12 review: The Grander Tour
Source Credit: Autocar India
Even in the rarefied space of super-luxury and high-performance cars, it’s only so often a new Aston Martin comes along, but boy, is it an occasion when one does. Boutique in the context of giants like Ferrari and Bentley, the British marque makes only a handful of ultra-high-end models, and with ownership and management in a state of flux over the last many years, things have been inconsistent, to say the least. But with new boss Lawrence Stroll at the helm, things appear to be charging forward with renewed vigour and focus, and you need not look any further than the DB12 as evidence of this.
Force Gurkha based Spartan 2.0 EV SUV breaks cover
Source Credit: Autocar India
Czech start-up MW Motors has revealed an all-electric SUV based on the Force Gurkha. Called the Spartan 2.0, this new EV SUV has a 240km range, according to the company.
Royal Enfield Classic 350 flex fuel shown at Bharat Mobility Global Expo 2024
Source Credit: Autocar India
At the ongoing Bharat Mobility Global Expo in Delhi, Royal Enfield has showcased a flex-fuel compatible version of its popular Classic 350.
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📰 International News
Elon Musk seeks Tesla shareholder vote on moving incorporation to Texas
Tesla will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, CEO Elon Musk said on Thursday, days after a judge invalidated his USD 56 billion pay package at the electric vehicle (EV) maker.
Tesla to bring LFP battery supply chain to US - Bloomberg News
Tesla is expanding its battery facility in Sparks, Nevada to bring the supply chain for cheaper lithium iron phosphate batteries (LFP) to the United States, Bloomberg News reported on Wednesday.
Chinese automakers hit by production issues with Huawei computing unit, sources say
Some Chinese automakers have had to delay deliveries of flagship models due to production issues with a computing unit made by tech giant Huawei, five people with knowledge of the matter said.
All-electric Jeep Wagoneer S revealed, to offer 600 km range
Jeep has released images of the upcoming all-electric Wagoneer S in its final production form. The battery-powered Wagoneer was teased a week back and is expected to make its global debut in the next few weeks. The electric SUV is slated to go on sale in international markets, starting with North America, later this year.
Edmunds: What you actually need to know about wintertime driving with an electric vehicle
As a big winter storm rolled across the United States in mid-January, many news outlets reported on drivers of electric vehicles dealing with dramatically reduced range and multi-hour waits at public charging stations. It's true that driving an EV in freezing weather poses extra challenges compared to a gasoline-powered vehicle. But it's also possible to employ techniques that can make EV winter driving less challenging. The car experts at Edmunds report on what you can do.
Aptiv to cut stake in robotaxi tech firm Motional, stop funding
Aptiv will reduce its stake in self-driving technology joint venture Motional and will stop further funding after incurring millions in losses related to the investment, the auto parts supplier said on Wednesday.
📝 GM's Cruise faces long road back to city streets in wake of safety review
📝 Musk's Tesla sued for hazardous waste handling in US
📝 China has nudged Japan aside as No. 1 auto exporter, Japanese data show
📝 Major automakers may be using Chinese aluminum produced with Uyghur forced labor, rights group says
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