#AutomotiveNews #CarNews #AutoIndustry #VehicleUpdates
In today’s automotive news roundup, we bring you the latest updates from the passenger vehicle, two-wheeler, and auto components segments. Let’s get started!
Passenger and Commercial Vehicles
#PassengerVehicles #CommercialVehicles #EVs #Investment #TaxDemand
- Tesla chief Elon Musk is expected to announce an investment of USD 2-3 billion in India, primarily for setting up a new factory, during his visit next week to meet PM Narendra Modi. (Source)
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Switch Mobility Ltd., the electric vehicle arm of the Hinduja Group, has signed an MoU with MoEVing to deliver 2,500 units of its IeV4 electric light commercial vehicles. (Source)
- NueGo, a leading bus operator, has launched India’s first intercity electric bus service, deploying seater and sleeper buses on major routes across the country. (Source)
- A report by Vector Consulting suggests that the Indian auto industry has yet to fully implement the Just-In-Time (JIT) system, with OEMs lacking alignment at the supply chain end. (Source)
- Mahindra’s upcoming XUV 3XO (facelifted XUV300) will feature AdrenoX connectivity, enabling remote climate control and defog functions through a smartphone app. (Source)
- MG Motor India aims to expand its presence in tier III and IV cities by establishing 100 new touchpoints by the fiscal year end, as part of its growth phase ‘MG 2.0’. (Source)
Two-wheelers
#Motorcycles #Scooters #TaxDemand
- Yamaha has launched the Aerox 155 Version S scooter in India, priced at Rs. 1.51 lakh, featuring a smart key with keyless start, immobiliser function, and a locator function. (Source)
- Triumph Motorcycle India has launched the updated Tiger 900 in two variants – GT and Rally Pro, priced at Rs. 13.95 lakh and Rs. 15.95 lakh (ex-showroom), respectively. (Source)
- Maruti Suzuki has revealed its intention to appeal against a Rs. 2.5 crore tax demand from the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Chandigarh, stating that the order will have no major impact on its operations. (Source)
Auto Components
#AutoParts #EVConversion #CapacityExpansion #OrderWin
- Sirius Cleantech Pvt. Ltd. has launched an affordable four-wheeler retro-fitment kit ‘Electra-Revive’ for converting old ICE vehicles into electric vehicles, built using indigenous components. (Source)
- Endurance Technologies Limited has approved capacity addition for aluminium die casting and machining of automotive components, with new high-end technology machines to be installed for production of machined clutch housing and transmission housing. (Source)
- Talbros Automotive Components Limited has announced a landmark multi-year contract worth approximately Rs. 1,000 crore from a leading European OEM, to be executed by its joint venture company Marelli Talbros Chassis Systems Private Limited. (Source)
That’s it for today’s automotive news roundup! Stay tuned for more updates from the ever-evolving world of the automotive industry. #AutomotiveUpdates #AutoBlog
