India bought 128 luxury cars a day in '23 | 'Target for 50% export share from auto industry' | EV sales in India likely to grow at CAGR of 35%

India bought 128 luxury cars a day in '23 | 'Target for 50% export share from auto industry' | EV sales in India likely to grow at CAGR of 35%

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ETAuto Newsletter | Saturday, January 6, 2024 Daily Newsletter Auto Technology | Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes Top Stories • Luxury car sales hit top speed in 2023; young professionals drive surge amid lifestyle changes, robust corporate earnings • Piyush Goyal asks auto industry to raise share of vehicles exports to 50% from 14% now • EV sales in India likely to grow at CAGR of 35%; annual volumes may cross 27 million by 2032, says report • Maruti Suzuki's Shashank Srivastava on how the god of small cars had its big bang moment with SUVs, and where it's headed next • 'Tesla is in the pipeline', says minister Balvantsinh Rajput ahead of Vibrant Gujarat summit • Ford likely to make a comeback India market with Endeavour • Tata Passenger Electric Mobility launches its first Pure EV architecture 'acti.ev' • Proposed INR 30,000 cr capital infusion in oil PSUs may be cut by half • Toyota Kirloskar hikes vehicle prices by up to 2.5% • Vinfast to set up EV plant in Tamil Nadu's Thoothukudi • Outlets retailing E20 fuel will cover entire country by 2025: Hardeep Puri • Kinetic Green appoints S. Sundareswaran as director of manufacturing, operations • VW may delay ID2all production on weaker Euro 7 rules Europe.autonews.com • Car dealers get more time to file U.S. EV tax credit paperwork Autonews.com Monthly Sales Reports • Audi India retail sales up 89% at 7,931 units in CY2023 • Volvo Car India 2023 sales up 31% to 2,423 units Electric Vehicles • Tesla to recall 1.6 mn cars in China to fix steering software • Fisker to integrate dealership model with direct sales to boost EV deliveries • Tesla trumps BYD in China sales efficiency with real-time strategy Auto Technology • Samsung to partner with Hyundai, Kia for making cars 'smarter' • Mobileye's supply glut warning rattles auto chip stocks Passenger Vehicle • New Hyundai Creta to create new benchmarks in technology, safety • German car sales up in 2023 but electric models lose ground • Ford posts highest US auto sales since 2020 • US senators urge Tesla, other automakers to stay neutral in union organizing • UK records best year for new car sales since the pandemic - SMMT Auto Components • China's CMOC cobalt output jumps 174% in 2023 • Palladium falls as concern EVs will destroy demand returns to the fore Tyres • NCLAT dismisses Kesoram's appeal in Birla Tyres insolvency case Industry • Auto Expo may lose sheen as government plans mega mobility show • Minister suggests framework for reporting hit-&-run cases • Online platform in works to report road mishaps: Transport Secretary • Cautious optimism in US ethanol markets for 2024 following near-3-year lows at year-end • VGGS to feature seminars on EV and emerging sectors • Transport secretary 'misses' speed signs, fined thrice • UP is giving huge discounts on stamp duty and registration charges in Noida and Ghaziabad, but... • Erisha E mobility inks INR 6,900 cr mou with Gujarat government for green hydrogen and mega EV park • Teamsters chief, Trump meet as union weighs 2024 presidential race Oil & Lubes • Russian November oil price for India hit 12-mth high • India set to halve oil refiners' FY24 energy transition equity support • U.S. crude stocks fall, fuel inventories rise - EIA • African crude makes up for fall in Russian imports • New Mexico governor proposes 10% spending increase amid windfall from oil production Aftermarket • Renault India joins with Bajaj Finance to offer financing solutions to its customers • Snap-E Cabs to train and engage women drivers in collaboration with WB government • ETO Motors on-boards 150 auto drivers in Mumbai under the Own Your ETO scheme • Fare slabs approved, AC cab rides in city to cost much more Follow Us on Copyright © 2024 ETAuto, All rights reserved. You are receiving this email because you signed up at etauto.com Our mailing address is: ETAuto.com (Times Center), FC6, Sector 16 A, Film City, Noida - 201301 Uttar Pradesh, India Add newsletter@etauto.com to your address book   |   Our archives are at ETAuto Unsubscribe from this list Unsubscribe   |   Report this Email