Automotive News Roundup - April 16, 2024
In today's automotive news roundup, we'll cover the latest updates from various segments of the industry, including passenger vehicles, two-wheelers, auto components, and more. Let's dive right in!
Passenger and Commercial Vehicles
#PassengerVehicles #CommercialVehicles #MPVs #SUVs #Hatchbacks #EVs #RideHailing
- Toyota Kirloskar Motor (TKM) has introduced a new GX (O) variant for the petrol-only version of the Innova Hycross. The new variant slots between the petrol-only GX and the strong hybrid VX trims of the MPV. (Source)
- Nissan plans to launch a facelift for the Magnite sub-compact SUV in January 2025, aiming to keep up with evolving competition. (Source)
- Citroen Europe has unveiled the new-generation C3 for the European market, featuring standard and mild-hybrid engine options. (Source)
- Maruti Suzuki will launch the new fourth-gen Swift hatchback in India in May 2024, underpinned by Suzuki's Heartect platform and larger than its predecessor. (Source)
- Ride-hailing platforms Ola and Uber have rolled out subscription-based plans for auto-rickshaw drivers in various cities across India. (Source)
- viaDOTS, an app-based digital meter taxi service, is introducing partnerships with startups to offer discounted cab rides to their employees during surge pricing in Bengaluru. (Source)
- Manish Raj Singhania, President of the Federation of Automobile Dealers Associations (FADA), believes Tesla will need to adapt its Direct-to-Consumer (DTC) sales model for the Indian market, citing the importance of local dealerships. (Source)
- Mahindra & Mahindra (M&M) plans to start its Software-Defined Vehicle (SDV) journey next year and is ramping up its software team to deliver products with premium user experience. (Source)
- The Indian government is preparing plans to roll out the stringent BS-VII and CAFE-III (Corporate Average Fuel Efficiency) emission norms in its bid to reduce air pollution caused by vehicles. (Source%20emission%20norms))
- Kissan Mobility (OnEv), a start-up based out of NCR, aims to induct 500 electric three-wheelers (L5) and 100 electric passenger four-wheelers in the current financial year 2024-25, with plans to scale up to 2,000 EVs within two years. (Source)
Two-wheelers #Motorcycles #ElectricBikes #EVStartups #EVExpansion #ScootersAndMotorcycles
- Hero MotoCorp has commenced deliveries of its flagship motorcycle, the Mavrick 440, which sets itself apart with its distinctive design and features while retaining the core of the Harley-Davidson X440 platform. (Source)
- According to reports, Royal Enfield has lined up six new motorcycles for the Indian market, including five new models likely to be launched in the current fiscal across various displacement categories. (Source)
- The Financial Express has reviewed the E-Motorad Doodle V3, a stylish electric bike with chunky tires, a tall handlebar, and relaxed ergonomics, to assess its performance as a practical vehicle. (Source)
- Raptee Energy, a Chennai-based EV startup, has rolled out its first production-ready motorcycle from its manufacturing plant and plans to launch it in June this year, with plans for the next production facility in progress. (Source)
- Tork Motorcycle, a Pune-based electric motorcycle company, is close to raising another round of funding as it seeks to expand its volumes and portfolio, according to its founder and CEO Kapil Shelke. (Source)
- Revamp Moto, a modular electric two-wheeler manufacturer in India, has unveiled its Phase 1 expansion plans, which include establishing 12 Empowerment Centers cum Dealership Stores across western India in 2024, with broader nationwide expansion on the horizon. (Source)
- Yulu, a shared electric two-wheeler mobility provider, has announced the commencement of its services in Kochi in collaboration with local firm Zeco Mobility, marking its second operational expansion through its Yulu Business Partner (YBP) initiative. (Source)
Auto Components #AutoParts #SparePartsLogistics #AutomotiveComponents
- Japanese auto major Honda held the ground-breaking ceremony for its upcoming spare parts warehouse facility in Doddaballapura near Bengaluru, Karnataka, which will be managed by Honda Cars India and support spare parts operations for all Honda businesses in India. (Source)