Automotive Industry Roundup: News & Updates (April 2024) #AutomotiveNews #IndustryUpdates #CarNews #Vehicles #EVs #Motorcycles
. Let's dive into the latest news and updates that have been making headlines.
#Cars #SUVs #Trucks
- Toyota Fortuner LEADER EDITION Launched in India #Toyota #Fortuner 🚗 Toyota Kirloskar Motor (TKM) has unveiled the Fortuner LEADER EDITION in the Indian market, building upon the renowned features of the popular SUV with distinctive design and add-on features. Source: Toyota Bharat
- New Aston Martin Vantage Arrives in India #AstonMartin #Vantage #LuxuryCars 🏎️ Aston Martin has officially launched the upgraded Vantage sports car in India, priced at ₹3.99 crore (ex-showroom). The new Vantage features numerous changes over its predecessor, both on the surface and under the skin. Source: CarandBike
- Netradyne Expands UK Operations with Intelex Partnership #Netradyne #VehicleSafety #CommercialVehicles 🚚 Netradyne, a vision-based safety camera system provider, has expanded its operations in the UK market through a partnership with Intelex, an aftermarket vehicle safety solutions provider. Source: AutocarPro
- ARAI Receives 13 Bids for Green Hydrogen Pilot Projects #GreenHydrogen #SustainableMobility #ARAI 🌱 The Automotive Research Association of India (ARAI) has received thirteen technical bids for pilot projects focused on the use of green hydrogen in the transport sector. Source: AutocarPro
- Seven Bids for Setting up Giga-Scale ACC Manufacturing Facilities #EVBatteries #GigaFactories #PLIScheme 🔋 The Ministry of Heavy Industries (MHI) has received bids from seven companies to set up giga-scale Advanced Chemistry Cell (ACC) manufacturing facilities with a cumulative 10 GWh capacity under the PLI ACC scheme. Source: PIB
- Automobile and Auto Parts Companies Invest ₹13,000 Crore in EV and EV Parts Manufacturing #EVInvestments #EVComponents #PLIScheme 🔌 Under the government's Production Linked Incentive (PLI) scheme, automobile and auto parts makers in India invested a total of ₹13,000 crore in the past year for manufacturing green vehicles and related parts. Source: Economic Times
- ICRA Expects ₹25,000 Crore Capex for EV Components in 3-4 Years #EVComponents #CapEx #BatteryManufacturing 🚀 According to ICRA, at least ₹25,000 crore of capital expenditure is expected for EV components in the next three to four years, with 45%-50% being directed towards battery cells. Source: Upstox
- Ecofy and Vidyut Offer Subscription-Based Battery-as-a-Service Model for EV Sales #BatterySwapping #EVBatteries #EVSubscription ⚡ Ecofy and Vidyut have joined forces to introduce a subscription-based battery-as-a-service model for EV sales, aiming to make the adoption of EVs stress-free and risk-free through a hybrid financing model. Source: Economic Times
- 2024 Jeep Wrangler Range Launched in India #JeepWrangler #OffRoadSUV #4x4 🚙 The 2024 Jeep Wrangler range, including the Wrangler Unlimited and the more off-road-oriented Wrangler Rubicon, has been launched in India, with prices starting at ₹67.65 lakh (ex-showroom). Source: CarandBike
- Tata Motors Files Record 222 Patents, Secures 333 Grants in FY2024 #Patents #Innovation #TataMotors 📝 Tata Motors has reached a significant milestone in intellectual property rights (IPR) creation, filing a record-breaking 222 patents and 117 design applications in FY24, covering various vehicle systems and addressing critical automotive megatrends. Source: AutocarPro
- Hyundai Motor Group Executive Chair Euisun Chung Visits India #HyundaiMotorGroup #StrategicCommitments #Mobility 🇮🇳 Hyundai Motor Group Executive Chair Euisun Chung visited India to review the Group's mid- to long-term future mobility strategies, solidifying its position as a leading mobility provider in the Indian market and exploring various business opportunities. Source: Hyundai
- Ford to Build More EV Software Capability at Chennai Tech Hub #Ford #EVSoftware #TechHub 💻 American automaker Ford, known to be working on an affordable EV platform, is set to build more electric vehicle (EV) software capabilities at its Ford Business Solutions India operation in Chennai. Source: AutocarPro
- Volkswagen India Introduces Taigun GT Line and GT Plus Sport #Volkswagen #Taigun #SportModels 🏎️ Volkswagen India has introduced the black sport-themed Taigun GT Line and Taigun GT Plus Sport under the newly introduced 'Sport' line structure. The Taigun GT Line (1.0l TSI engine) is priced at ₹14.08 lakh, while the Taigun GT Plus Sport is priced at ₹18.53 lakh (ex-showroom). Source: Volkswagen
- 2024 Isuzu D-Max V-Cross Teased Ahead of Launch #Isuzu #DMaxVCross #PickupTruck 🛻 Isuzu has teased the updated D-Max V-Cross lifestyle pickup truck, revealing changes to the headlamp design, fog lamp enclosures, new alloy wheel design, and revised skid plates and side steps, ahead of its launch. Source: CarandBike
- Renault Nissan Drops Entry A EV for India, May Opt for CMF-B EV #RenaultNissan #EVPlans #CMFBPlatform 🔋 Renault Nissan Automotive India has dropped its plans to launch an electric vehicle based on the Common Module Family-A platform and is considering the CMF-B platform, with a price point of ₹15-20 lakh, for its electric vehicle in India. Source: AutocarPro
- Chargeup to Bolster Network by Adding 1500 New Partner Stations #Chargeup #EVCharging #ChargingInfrastructure 🔌 EV asset firm Chargeup is set to bolster its network by adding 1500 new partner stations across existing cities, with a focus on Delhi and Jaipur, while expanding into four additional Tier-II and Tier-III cities. Source: Saur Energy
- BMW i5 M60 xDrive Launched in India at ₹1.19 Crore #BMWi5 #EVSedan #ElectricVehicles ⚡ BMW India has launched the high-performance i5 M60 xDrive electric sedan in India at ₹1.19 crore (ex-showroom), joining the growing lineup of electric vehicles from the brand. Source: CarandBike
- KABIL Inks MoU with CSIR-NGRI for Advancing Geophysical Investigations #KABIL #CSIRNGRI #CriticalMinerals 📡 Khanij Bidesh India Limited (KABIL) has signed an MoU with the Council of Scientific and Industrial Research - National Geophysical Research Institute (CSIR-NGRI) to foster collaboration in geophysical investigations for critical and strategic minerals. Source: PIB & NSE
- Mahindra XUV3XO's Interior and Mileage Details Teased Ahead of Launch #Mahindra #XUV3XO #SUV 🚙 Mahindra has teased the interior and claimed fuel efficiency of 20.1 kmpl (likely for the diesel variant) for its upcoming XUV3XO SUV, set to be unveiled on April 29, 2024. Source: Livemint
- Ultraviolette Looks to Expand Operations in Middle East and Europe with Mach2 Launch #Ultraviolette #F77Mach2 #ElectricSuperbike ⚡🏍️ After introducing the F77 electric superbike in 2022, Ultraviolette Automotive aims to expand operations in the Middle East, Brazil, and parts of Europe, anticipating strong demand of close to 1 lakh bookings for the newly launched F77 Mach 2. Source: AutocarPro
- Bajaj Exploring Hydrogen-Powered Chetak and CNG Bike Launch in June 2024 #Bajaj #HydrogenPowertrain #CNGBike ⚗🛵 Bajaj Auto is exploring alternative fuels, including hydrogen powertrains for its Chetak electric scooter and a potential CNG motorcycle launch in June 2024, alongside the upcoming Pulsar NS400 launch on May 3rd. Source: RushLane
- Rockwell Automation Partners with Mahindra University for Sustainability Training #RockwellAutomation #MahindraUniversity #SustainabilityTraining 🌱 Rockwell Automation has signed an MoU with Mahindra University to train students in areas of sustainability best practices and develop a comprehensive 'Climate Solutions' course. Source: PR Newswire
- Uniproducts India Targets 15% Growth, Eyes New EV OEMs for NVH Parts #Uniproducts #NVHParts #EVComponents 🔊 Noida-based Uniproducts India, a leading manufacturer of NVH (noise, vibration, and harshness) parts, is targeting 15% growth until FY2027 and eyeing new EV OEMs for its NVH parts. Source: AutocarPro