Page 115 - Auto
Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore
The two vehicles, FAT 4X4 and GTV 6X6 have special capabilities that will be used by the artillery to carry light and medium guns, respectively
 "Auto major Ashok Leyland secures defence sector orders worth Rs 800 crore")
With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks
The Exter comes with many segment-first features which include a voice-enabled sunroof, dashcam, and six airbags across all the variants
 "With 1,800 bookings per day, Exter's waiting period goes up to 12 weeks")
Electric two-wheeler firms cut on battery size after FAME subsidy reduced
Portfolio rejig may keep prices low for customers
 "Electric two-wheeler firms cut on battery size after FAME subsidy reduced")
Automobile exports from India dip 28% in Q1 as several mkts hit by crisis
Overall exports stood at 10,32,449 units in the first quarter ended on June 30, 2023 as compared with 14,25,967 units in the same period of last year
 "Automobile exports from India dip 28% in Q1 as several mkts hit by crisis")
Bharat NCAP right step to encourage production of safe cars: Auto Cos
Auto majors Mahindra & Mahindra, Maruti Suzuki and Toyota have termed the upcoming Bharat New Car Assessment Programme (BNCAP) as a bold step in the right direction for the domestic industry
 "Bharat NCAP right step to encourage production of safe cars: Auto Cos")
Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India
The company previously said it planned to set up manufacturing in India, now the world's third-largest car market
 "Chinese giant BYD prepares $1 bn bet to build EVs, batteries in India")
BMW launches its updated SUV X5 with price starting at Rs 93.9 lakh
Both the engines feature a 48V electrical motor with a power output of 12 hp that aids in better efficiency and dynamics, the company said
 "BMW launches its updated SUV X5 with price starting at Rs 93.9 lakh")
Results preview: Price hikes, lower input costs to aid auto firms' Q1
Most auto OEMs have increased their prices in the past few months and analysts feel that higher average selling price on a YoY basis would aid margins
 "Results preview: Price hikes, lower input costs to aid auto firms' Q1")
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")