Page 88 - Auto
MG Motor launches Astor 2024 SUV with AI assistant, starting at Rs 9,98,000
The MG Astor 2024 boasts to be the most advanced SUV, with in-built personal AI assistant
 "MG Motor launches Astor 2024 SUV with AI assistant, starting at Rs 9,98,000")
Govt's mission is to be world's top automobile manufacturing hub: Gadkari
Under Prime Minister Narendra Modi's vision of a USD 5 trillion economy and a self-reliant India, Gadkari said, "We are looking at the auto sector to become a Rs 25 lakh crore industry."
 "Govt's mission is to be world's top automobile manufacturing hub: Gadkari")
Maruti to build second car plant in Gujarat, will invest Rs 35,000 cr
New plant will have annual production capacity of 1 mn units; will start operation in 2028-29
 "Maruti to build second car plant in Gujarat, will invest Rs 35,000 cr")
Trade department backs lower tax on hybrid vehicles in green push
India's combined sales and additional taxes on hybrid vehicles sales are as high as 43%, based on the size of the car, compared with the highest rate of 50% imposed on petrol and diesel cars
 "Trade department backs lower tax on hybrid vehicles in green push")
Japan's Suzuki to invest Rs 35,000 crore for second car plant in Gujarat
Japanese carmaker Suzuki Motor will invest 350 billion rupees ($4.21 billion) for a second car plant in India's Gujarat state, its president said on Wednesday at an investment summit in India
 "Japan's Suzuki to invest Rs 35,000 crore for second car plant in Gujarat")
Renault plans 5 new cars in next 3 years, seeks regulatory clarity
Renault is planning to launch a total of five cars -- including B plus segment sport utility vehicle (SUV), a C segment SUV and an electric vehicle (EV) -- in India in the next three years
 "Renault plans 5 new cars in next 3 years, seeks regulatory clarity")
Electric vehicle sales jumps 49% to 1.52 million units in 2023: Fada
The two-wheeler sales grew 36.09 per cent to 8,59,376 units in the just-concluded year against 6,31,464 units in 2022, it said
 "Electric vehicle sales jumps 49% to 1.52 million units in 2023: Fada")
Tata Motors global wholesales up 9% to 338,177 units in December quarter
Global wholesales of Tata Motors' commercial vehicles and Tata Daewoo range in October-December period of FY24 were at 98,679 units, up 1 per cent over third quarter of FY23
 "Tata Motors global wholesales up 9% to 338,177 units in December quarter")
Renault plans 5 launches in 3 years, eyes double-digit sales growth in 2024
The company sold around 49,000 units in the domestic market and also shipped close to 28,000 units to various international markets in 2023
 "Renault plans 5 launches in 3 years, eyes double-digit sales growth in 2024")
Global electric vehicle market growth to slow this year on lower subsidies
The figure follows an estimated growth of 29% in 2023 at 13.7 million units, when government incentives helped the adoption of EVs, Canalys said in its report
Vehicle scrappage policy key to cutting India steel sector emissions
CO2 emissions from Indian steel production range from 2.5 to 2.85 tonnes per tonne of crude steel, in contrast to global average carbon intensity of 1.4 tonnes per tonne of steel, as reported by IEA
 "Vehicle scrappage policy key to cutting India steel sector emissions")
Royal Enfield to invest Rs 3,000 cr in Tamil Nadu for product development
The investments are expected to generate about 2,000 direct and indirect jobs in the region
 "Royal Enfield to invest Rs 3,000 cr in Tamil Nadu for product development")
Mercedes Benz lines up Rs 200 cr investment, will launch over 12 products
Mercedes-Benz India will have more than 12 launches in 2024, including three electric vehicles, out of which half will be in the top end vehicle segment (TEV) and will be priced Rs 1.5 crore onwards
 "Mercedes Benz lines up Rs 200 cr investment, will launch over 12 products")
Auto retail sales in India grew 21% in December, 11% in 2023: Fada
In the near term and short term, the outlook of auto sales remains positive, despite an anticipated slowdown in the Kharmas period from December 16 to January 15
 "Auto retail sales in India grew 21% in December, 11% in 2023: Fada")
Different shades: Black is the new white for car buyers in India
In 2021, only 14.8 per cent of the cars sold in India were black. That increased to 15.5 per cent in 2022 and further to 19.5 per cent in 2023
 "Different shades: Black is the new white for car buyers in India")
VinFast to come up with $2 bn integrated EV facility in Tamil Nadu
The unit in Thoothukudi to have an annual capacity of 150,000 units
Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023
Swedish car maker Volvo Cars on Friday said its total car sales in India witnessed a 31% yearly jump at 2,423 units in calendar year 2023, driven by the XC60 model
 "Swedish carmaker Volvo registers 31% jump in sales at 2,423 units in CY2023")
Electric vehicle penetration likely to fall short of govt's 2030 plan
Subsidy reduction has hit industry's estimate of 1.2 mn E2W sales in FY24
 "Electric vehicle penetration likely to fall short of govt's 2030 plan")
UK looks for greater share in India auto sector under FTA: Official
India has come to the centre stage of auto manufacturing not only in assembling but also in the whole value chain, Commerce Secretary Sunil Barthwal said
 "UK looks for greater share in India auto sector under FTA: Official")
'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'
The report, 'India Electric Vehicle Market Overview 2023', by energy advisory, software and services firm, Customized Energy Solutions, also predicts a record-breaking sale of 1.7 mn units in 2023
 "'EV sales in India to grow at 35%, annual volumes may cross 27 mn by 2032'")