Page 110 - Auto
China's BYD proposes $1 bn India plan to build EVs, batteries: Reports
The longer-term plan is to build a full line-up of BYD-brand electric cars in India from hatchbacks to luxury models, one of the three people said
 "China's BYD proposes $1 bn India plan to build EVs, batteries: Reports")
India moves to bridge charging gap as electric car sales cross 100,000-mark
Europe has a public charger for every three electric cars and the United States for every six, shows International Energy Agency data
 "India moves to bridge charging gap as electric car sales cross 100,000-mark")
Honda launches 125cc engine Dio 125 scooter at starting price of Rs 83,400
The Dio 125 is available in two variants -- Standard and Smart -- with price starting at Rs 83,400
 "Honda launches 125cc engine Dio 125 scooter at starting price of Rs 83,400")
Made in India Tesla for Rs 20L? Company in talks with govt to set up plant
Tesla already has a substantial presence in China, and now, the company is looking at India as an export base to supply cars to other markets in the Indo-Pacific region
 "Made in India Tesla for Rs 20L? Company in talks with govt to set up plant")
Auto component makers stepping up investments in green mobility business
In FY23, e-two-wheeler (E2W) penetration jumped to 4.5 per cent from 1.9 per cent in FY22, data released by the Federation of Automobile Dealers Associations shows
 "Auto component makers stepping up investments in green mobility business")
MG ZS EV ADAS updates: Lane keep assist, adaptive cruise control, and more
The car also comes with Traffic Jam Assist (TJA) to facilitate a smoother driving experience
 "MG ZS EV ADAS updates: Lane keep assist, adaptive cruise control, and more")
Vehicle loans outstanding rise 22% in May despite high interest rates
As per the latest RBI data, the total vehicle loan outstanding climbed from Rs 3.65 lakh crore in May 2021 to Rs 4.16 lakh crore in May 2022, and further to Rs 5.09 lakh crore as of May 19, 2023
 "Vehicle loans outstanding rise 22% in May despite high interest rates")
Glida plans to set up 3,000 EV charging points pan-India by March 2025
Firm currently has 450 charging points in 15 states, most of which are in Delhi NCR and Hyderabad; 1,000 charging points to come up by end of FY24
 "Glida plans to set up 3,000 EV charging points pan-India by March 2025")
Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam
Two-wheeler sales registered a slight jump of 1.68% as the sales touched 1,330,826 in June 2023, compared to 1,308,764 in June 2022
 "Passenger vehicle sales up 2% YoY in June, 3W sales almost double: Siam")
Luxury car sales up 38% YoY in June, more growth than overall vehicle sales
Going by the current trend, luxury car sales will cross the 40,000 mark taking over the pre-pandemic peak achieved in 2018
 "Luxury car sales up 38% YoY in June, more growth than overall vehicle sales")
Tweaked definition of SUV will provide clarity on tax structure: Industry
The tweak in the definition of an SUV for attracting a cess over and above the GST rate will provide clarity on the taxation structure for utility vehicles
 "Tweaked definition of SUV will provide clarity on tax structure: Industry")
GST Council decides to levy uniform taxation for utility vehicles
India's Goods and Services Tax (GST) Council said that uniform taxation would be levied on multi-utility vehicles and sports utility vehicles, according to a statement
 "GST Council decides to levy uniform taxation for utility vehicles")
Royal Enfield to launch 3 products in 350-450cc segment within a year
The products will include an all-new Bullet which is likely to be launched in early September, along with an all-new Himalayan (K1G) with a liquid-cooled engine
 "Royal Enfield to launch 3 products in 350-450cc segment within a year")
Toyota Rumion, Ertiga-based MPV to be launched in India by September
This will be Toyota's third product from Maruti Suzuki in India after Urban Cruiser and Glanza which are inspired by Maruti's Brezza and Baleno, respectively
 "Toyota Rumion, Ertiga-based MPV to be launched in India by September")
Harley-Davidson likely to make bikes for global markets in India: Report
The American automaker launched its most affordable bike, X440, in partnership with Hero MotoCorp in India last week
 "Harley-Davidson likely to make bikes for global markets in India: Report")
Hyundai drives in micro SUV Exter with price starting at Rs 5.99 lakh
Speaking at the launch, Hyundai Motor India MD and CEO Unsoo Kim said with the launch of Exter, the automaker has now become a full-range SUV manufacturer in the country
 "Hyundai drives in micro SUV Exter with price starting at Rs 5.99 lakh")
Bajaj Triumphs: Speed 400, Scrambler 400 register over 10,000 bookings
Triumph Speed 400 deliveries will begin in the second half of July, whereas, Scrambler 400 will be available in October
 "Bajaj Triumphs: Speed 400, Scrambler 400 register over 10,000 bookings")
Maruti Suzuki looking to replicate diesel engine frugality with hybrid, CNG
Maruti Suzuki has clarified that it will not get into diesel vehicles and instead focus on developing and introducing CNG and strong hybrid vehicles
 "Maruti Suzuki looking to replicate diesel engine frugality with hybrid, CNG")
More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share
Maruti Suzuki has been pushing for sales in the premium segment via its Nexa outlets as it looks to secure improved profitability, better margins and high-income customers
 "More than budget carmaker: Maruti leads Rs 10-20 lakh segment at 23% share")
Hyundai to launch its micro SUV Exter today at 12 pm, full details inside
Hyundai is set to launch its most affordable micro SUV, Exter today at 12 pm. The micro SUV is expected to be priced between Rs 6 to 10 lakhs