Top Indian Automobile Industry News & Updates - 06 Jun 2024,Thursday
🏢 Industry
E-Fill Electric Joins with DevvStream for carbon credit generation from EV charging network
This agreement is anticipated to establish a new revenue stream for E-Fill Electric, enabling the expansion of the company’s R&D and manufacturing capabilities.
Tata Motors shares soar 3% on strong May JLR UK sales; up 28% in 6 months
The surge came after the company announced Jaguar Land Rover (JLR) UK May sales numbers.
Environmental and financial benefits drive EV adoption in India: Study
India’s chip design workforce steps into the global spotlight
In this episode of the State of the Economy podcast, businessline’s Haripriya Sureban, talks to Ritesh Tyagi, Vice President & Global Head, VLSI Practice & Engineering Wipro, Ameer Saithu, Executive Vice President at HCLTech, Siva Polimetla, Head ER&D, nasscom and Ashish Kushu, CTO, LTTS about India’s growing prominence in the global semiconductor engineering research and development sector.
📝 How smart manufacturing is driving workforce growth and sustainability
📝 No petrol, diesel vehicle sales in India, says Nitin Gadkari: Here's by when he plans to do it
📝 Refex Group EVs inducted into airport taxi fleet in Bengaluru
📝 Pakistan car sales rise in April but still a fraction of India's gigantic volume
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🚗 Cars / SUVs
Honda offers CNG kits for Amaze, City, Elevate
With rising cost of petrol and diesel and stricter emission norms, compressed natural gas (CNG) has become a very popular choice of fuel for people who desire for better fuel efficiency at a low cost. Fully electric vehicles are still out of reach for most car buyers in India due to high initial cost of ownership.
Pocket-friendly and green: Top 4 CNG SUVs under Rs 10 lakh
The year 2024 has seen the hottest summer on record, with temperatures reaching a staggering 45 degrees Celsius, now considered the new normal in Northern India. Global warming is a stark reality, hitting us hard, yet many continue to live in denial. Each year, air quality plummets to unprecedented lows, rendering conditions unlivable. In an era where the automotive industry is scrutinized for air pollution, imagine being able to purchase your preferred SUV without the stigma of being a gas guzzler. Here are four budget-friendly CNG-powered SUVs.
Nissan Motor India Y-o-Y domestic sales drop 16% in May 2024 to 2211 units
New Delhi: Nissan Motor India Pvt. Ltd. (NMIPL) has announced wholesale figures of 6204 units for May 2024, showcasing a substantial surge from 3043 units in April 2024.
Maruti Suzuki opens pilot Biogas plant at Manesar facility; plans to invest INR 450 cr in renewable energy solutions
New Delhi: Maruti Suzuki India Limited (MSIL) commences a pilot Biogas plant at its Manesar facility in the fiscal year 2024-25, harnessing the untapped potential of in-house food waste and Napier grass as resources at its plant.
Maruti Suzuki to build ₹450-cr renewable energy solutions in 3 years starting FY25
New Delhi: Maruti Suzuki India (MSIL) on Wednesday said it is investing ₹450 crore to increase the use of renewable energy solutions within three years from the current financial year (2024-25). The company has begun operating a pilot biogas plant at its Manesar facility in Haryana using in-house food waste and napier grass, MSIL said in a statement. The initiative is aligned with the Ministry of New and Renewable Energy’s ‘Waste to Energy’ programme, the company said, adding that it has invested ₹120.8 crore in renewable energy initiatives, including solar power and biogas.
Maruti Suzuki may revamp small car portfolio
New Delhi : Maruti Suzuki may consolidate its entry-level small car lineup in the next three to four years, as India’s largest carmaker reworks strategy for what was once its bread-and-butter business. According to two people aware of the plans, the company may also cap investments in the mid-size sedan segment, where it sells the Ciaz.
Jeep India launches Meridian X Special Edition of SUV at INR 29.49 lakh
Jeep India has launched Meridian X Special Edition, an SUV engineered to dominate both rugged trails and urban streets alike. The Jeep Meridian range starts at INR 29.49 lakh and is available for immediate deliveries.
📝 Maruti announces limited edition ‘Dream Series’ models for select hatchbacks starting at Rs 4.99 lakh
📝 Citroen C3 and C3 Aircross MS Dhoni Edition to be launched soon
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Electric-Cars / SUVs
61% of EV owners find battery charging time as primary concern: survey
The report explores how the growing popularity of electric vehicles (EVs) is transforming the motor insurance landscape. Based on a survey of over 500 EV owners in major Indian cities, the report sheds light on changing consumer preferences, emerging risks, and new market trends in EV insurance.
MG Motor files patent for Bingo electric hatchback in India — Citroen eC3 rival?
MG Motor has filed patents for a new entry-level electric car in India. As we already know, MG is looking at expanding its battery-powered lineup in India at the entry-level space which started with the launch of Comet EV last year. Recently it was reported that MG has filed a patent for Cloud EV in the country.
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🚗 Luxury Cars
Volvo Car India delivers 1,000 electric cars
New Delhi: Volvo Car India has delivered over one thousand EVs. Volvo Car India’s EV journey started in November 2022 with the company delivering its first XC40 Recharge that was also the first locally assembled luxury electric SUV in India.
📝 New BMW 1 Series that doesn't look like a BMW! Radically different but good looking?
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⛟ Commercial Vehicles
Revfin teams up with Bluwheelz and Kalyani Powertrain to introduce retrofitted e-trucks
Revfin, India’s foremost digital lending platform promoting sustainable mobility, has partnered with Kalyani Powertrain Ltd (KPTL), the electric mobility division of Bharat Forge Ltd, and Bluwheelz, a provider of green logistical solutions, to launch retrofitted electric trucks in India's logistics sector.
Omega Seiki Mobility to raise $40 million for manufacturing electric truck
Omega Seiki Mobility (OSM) is all set to raise $40 million in a Series B round to fund its electric truck manufacturing plans.
TI Clean Mobility to raise INR 310 cr to scale up operations
New Delhi: TI Clean Mobility Private Limited (TICMPL), a subsidiary of Tube Investments of India Limited (TII) on Wednesday informed its investors about the fundraising with M & G Investments (M&G). The fundraising will be of about INR 310 cr in the form of Equity and Compulsorily Convertible Preference Shares (CCPS).
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🎤 Interviews & Features
Strong hybrid supercars — Better fuel efficiency or more oomph?
With stricter imposition on emission norms and rising development of EVs, hybrid powertrains are gaining traction all over the automotive world. While hybrid powertrains in mass cars are generally tuned to deliver more efficiency, in some cases hybrids can be used to extract some more oomph from the power plant.
Circular Economy Approaches to EV Battery Recycling
The electric vehicle (EV) revolution today is changing the way the world has been perceiving transportation. As EVs reduce the dependence on fossil fuels, cleaner transportation is becoming a reality. However, like many favourable developments, it too comes with a challenge – the-end-of-life of EV batteries. The lithium-ion EV batteries, at the heart of EVs, can’t simply be discarded as they are packed with valuable and infinite resources.
World Environment Day: The Environmental Impact of Electric Vehicle Adoption Beyond Zero-Emissions
It’s no secret more countries are concerned about the threat of climate change. Some regions are already experiencing harsher weather conditions, such as severe droughts, flooding, storms, heat waves and rising sea levels. There’s a growing demand to reduce global carbon emissions and create a more sustainable transportation sector. For example, countries are focusing on transitioning to clean energy, which includes putting EVs on the road. Take California, for instance — it will officially ban the sale of all gas-powered vehicles by 2035.
📝 Kia Seltos: Four key features for tech enthusiasts
📝 Tata Nexon: Smart features you did not know about the compact SUV
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🏍 2/3 Wheelers
TVS Motor announces pact with Angkor Tiger Football Club
TVS Motor Company, a leading two and three-wheeler maker has announced a partnership with Angkor Tiger Football Club, a team in the Cambodian Premier League (CPL) based in Siem Reap, renowned globally for the UNESCO World Heritage site, Angkor Wat temple.
Hero Xoom Combat Edition leaked ahead of launch
Hero MotoCorp is set to launch a new variant of the Xoom 110cc scooter in India, and ahead of its official launch, the images and brochure of the scooter have surfaced. To be called the Hero Xoom Combat Edition, the scooter gets a new paint finish and decals and is inspired by fighter jets. Here are more details on the latest Hero Xoom Combat Edition.
Bajaj announces 10th edition of Dominar Rides starting on 13 June
Bajaj has announced the 10th edition of Dominar Rides: ‘The Ladakh Tour.’ From June 13th to June 21st, 2024, this journey promises riders an encounter with the mesmerizing beauty of Ladakh.
📝 Hero MotoCorp witnesses 4 pc drop in sales in May, export rises
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🚲 Electric 2/3 Wheelers
Zypp Electric launches new initiative on World Environment Day to plant 1 mn trees by 2030
The Green'o'Meter initiative will prominently feature the efforts of Zypp Electric and its partners in reducing emissions, displayed through a ticker on the Zypp Electric website. This ticker will show the carbon savings, translated into the number of trees planted. To further engage customers and employees in this green mission, Zypp Electric will plant a tree for every 1,00,000th order delivered, in the name of the customer who receive the delivery. Zypp Electric employees will also be recognised by planting trees in their names as a form of gratification, the company said.
Greaves Electric to begin deliveries of Nexus e-scooters this week in Bengaluru to mark 16th anniversary
Greaves Electric Mobility has announced the start of deliveries for the Nexus electric scooters, marking Ampere’s 16th anniversary. The deliveries will begin in Bengaluru in the first week of June 2024. Ampere Nexus comes in two variants: Nexus EX and Nexus ST, and is available in four colour choices: Zanskar Aqua, Indian Red, Lunar White, and Steel Grey.
📝 Ather 450 Apex's introductory offer ends. Check its latest price
📝 Family EV for EVeryone: TVS iQube's new pricing shakes up the EV market!
📝 Aprilia RS 457 road test review: Small price, big thrill!
📝 BGauss RUV350 rugged electric scooter to be launched on June 25
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⚙ Components
📝 Uno Minda ties up with Chinese firm for production of EV components
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🌇 Allied Industries
Can Mohit Joshi catapult Tech Mahindra into the big league of Indian IT?
New Delhi: Mohit Joshi, 50, is a man on a mission. He wants to transform Tech Mahindra and make it one of India’s top-flight IT services companies. Joshi, who took over as the company’s chief executive officer (CEO) late in 2023, got down to the task quickly. He has chalked out multiple strategies around margin improvement, cost optimization, and cross-selling services to existing and new clients. At the same time, he is looking to widen Tech Mahindra’s business beyond its core domain, telecom, and drive growth in BFSI (banking, financial services and insurance), manufacturing, life sciences and other verticals.
iVOOMi joins with Mechanic Association to expand after-sales service network in Maharashtra
New Delhi: iVOOMi Energy, a leading e-mobility brand in India, has partnered with Mechanic (Repairing Shops) Association, an automobile training organization, to empower garage owners across Maharashtra.
Brakes India and ADVICS plan JV for advanced braking systems production in India
New Delhi: Brakes India, a TSF Group company and India’s leading braking systems manufacturer, together with ADVICS, an AISIN Group company and Japan’s leading premium brake system supplier, plan to form a joint venture to design, develop and manufacture advanced braking products for the Indian light vehicle market.
World Environment Day 2024 | Smart technology in E-Mobility: Enhancing efficiency and sustainability
AI and IoT in E-Mobility
📝 SUN Mobility joins hands with IndianOil for setting up battery swapping infrastructure
📝 Steelbird Hi-Tech preps 20 new helmets for India, aims to expand export base
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🌢 Fuels, Lubricants & Charging Stations
Oil slips for sixth consecutive day on big builds in US oil, fuel stocks
Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth.
India to benefit as global oil prices decline by over USD 4 a barrel
New Delhi: India stands to gain as oil prices have fallen by over USD 4 a barrel this week to a four-month low in the international market following the OPEC+ cartel's plan to allow an increase in production this year while an increase in the US crude stockpiles has added to bearish sentiments.
Home charging of EVs
Despite the growing popularity of electric vehicles (EVs), there is a glaring gap between EV adoption rates and the development of charging infrastructure, particularly in residential gated communities. This gap hinders the ownership of EVs, as residents are often deterred by the lack of accessible charging options in their neighbourhood. The sluggish pace of charging infrastructure development not only hinders individual convenience but also lowers the chances of achieving clean mobility goals.
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📖 Magazines News
Tata Safari, Harrier get up to Rs 1.25 lakh off on MY23 stocks this month
Source Credit: Autocar India
Tata Motors is offering substantial discounts on MY23 models of the Safair, Harrier and more in June. The discounts are available across a range of powertrains, including petrol, diesel and CNG. Read on to know more.
Mercedes EQA India launch on July 8
Source Credit: Autocar India
Mercedes-Benz India is going to add a new EV to its three-strong portfolio on July 8, 2024: the EQA. This will be the fourth EV that Mercedes will have in India after the EQB seven-seat SUV, EQE SUV and EQS sedan. The India launch of the EQA is a part of Mercedes' plans to double its EV portolio to six cars in 2024.
Maruti Alto K10, Celerio, S-Presso Dream Series details revealed
Source Credit: Autocar India
Maruti will soon introduce a special “Dream Series” range comprising of Arena models like the Alto K10, Celerio and S-Presso. We bring you official details of these special edition models ahead of their market launch later this month. As reported by us earlier, all three Dreram Series models are priced at Rs 4.99 lakh, but are based on different trim levels. Based on their prices, it seems like the Dream Series is limited to the manual gearbox versions. Let’s take a look at what’s on offer with each one.
Mahindra XUV300 gets discounts of up to Rs 1.79 lakh in June
Source Credit: Autocar India
Mahindra is offering attractive benefits on models such as the Scorpio Classic, Marazzo, Bolero and the erstwhile XUV300 this month. The offers are applicable on both, MY2023 and MY2024 units, and can be availed in the form of cash discounts, exchange and corporate benefits as well as free genuine accessories. Let’s take a closer look.
Ampere Nexus deliveries begin
Source Credit: Autocar India
Little over a month after its launch, Greaves Electric Mobility Private Limited (GEMPL), the electric mobility arm of Greaves Cotton Limited, has commenced deliveries of the Ampere Nexus electric scooter. This occasion coincided with the company’s 16th anniversary.
Jeep Meridian X launched at Rs 34.27 lakh
Source Credit: Autocar India
Jeep has launched the special edition Meridian X from Rs 34.27 lakh (ex-showroom). It gets some styling updates as well as additional equipment.
Hero Xoom Combat edition launched at Rs 80,967
Source Credit: Autocar India
Hero has launched a new variant of its Xoom scooter, called the Combat edition, priced at Rs 80,967 (ex-showroom, Delhi).
Ford Capri e-SUV in the works
Source Credit: Autocar India
Ford will revive the “Capri” moniker with the introduction of a new SUV. The Ford Capri SUV will see a global debut “shortly”, the brand has confirmed to our sister publication, Autocar UK.
Force Gurkha 4x2 being readied as future Thar RWD rival
Source Credit: Autocar India
Force Motors is working on a new 4x2 variant of the 3-door Gurkha as per our sources. The company recently updated the Gurkha SUV with a more powerful engine, many new features, and even added a 5-door body style, but the lifestyle SUV remains a niche off-roader with a relatively small mass-market appeal. A 4x2 variant of the 3-door Gurkha will be more affordable and could appeal to a wider audience who do not require the hardcore 4x4 hardware.
New Bugatti V16 hypercar to be revealed on June 20
Source Credit: Autocar India
Bugatti will reveal its next hypercar, which will be powered by a naturally aspirated hybrid V16, on June 20. Announcing the date, the brand said its next-generation model will sport a “completely bespoke” design inspired by the iconic Type 57 SC Atlantic, Type 41 Royale and Type 35 models. They “each lend their DNA to create a pure and authentic reinterpretation of the Bugatti brand”, the brand’s press release added.
BMW 1 Series gets major styling overhaul
Source Credit: Autocar India
BMW has given its 1 Series hatchback a significant mid-lift refresh, bringing a fresh look, new interiors, and more equipment. In addition, the petrol models no longer come with the ‘i’ suffix, and select markets, like the UK, will not be getting the diesel variants.
BMW R 1300 GS India launch on June 13
Source Credit: Autocar India
After being listed on the BMW Motorrad India website a few days ago, we can now confirm that the launch of the all-new hotly-anticipated R 1300 GS will take place on June 13.
Electric scooter sales rise marginally in May 2024
Source Credit: Autocar India
A combination of growth-impacting factors played spoilsport with the market performance of the electric two-wheeler industry in May 2024. After six straight months of over 75,000-unit sales and best-ever monthly sales of 1.37 lakh units in March, May 2024 were similar to the poor sales of April 2024, if marginally higher.
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📰 International News
Stellantis sees Italian plants running at full capacity in 2030
Stellantis sees its Italian plants running at full capacity in 2030 as plans for new models, including hybrid ones, are expected to support production, Chief Executive Carlos Tavares said on Tuesday.
LG Energy Solution joins US firm for EV battery solutions
New Delhi: LG Energy Solution Ltd. (LGES), South Korea's leading battery maker, said on Wednesday it has signed an initial pact with a US company to strengthen the competitiveness of its electric vehicle (EV) battery management solutions.
Blue Dart expands EV fleet for greener future on World Environment Day
New Delhi: In a strategic move towards fostering sustainability and reducing its carbon footprint, Blue Dart, South Asia's leading courier and integrated express package distribution company, unveiled an expansion of its electric vehicle (EV) fleet, now boasting of over 480 e-vehicles (2,3 &4 wheelers combined).
Volvo Cars reports surge in sales driven by Electric Vehicles
In a statement released on Wednesday, Volvo Cars, majority-owned by China's Geely Holding, expressed satisfaction with the sales figures and reiterated their commitment to achieving a sales growth target of at least 15% by 2024. Despite the overall positive trend, sales in the United States and China experienced a slight decline of 5% and 1%, respectively.
Musk confirms diverting Nvidia AI chips from Tesla to X
Elon Musk confirmed he diverted artificial intelligence chips away from Tesla Inc. to his X Corp. and xAI Corp ventures, offering explanations both for the redirected shipment and internal Nvidia Corp e-mails casting doubt on the carmaker’s procurement plans.
📝 Tesla likely to spend USD 3 -4 bn on Nvidia hardware this year
📝 China gives first approvals for public trials of advanced autonomous driving
📝 Marelli gets contract from a global carmaker to supply battery thermal solutions for EVs
📝 EV maker Nio gets regulatory nod for third factory in China
📝 Elon Musk explains why artificial intelligence chips diverted from Tesla to X
📝 New models boost Ford Motors market share in US; sales surge 11.2%
📝 Mercedes and Stellantis pause EV battery factories, requests low-cost solutions
📝 Iron ore extends fall on softening China steel demand, bets of high supply
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