A pain point in new e-mobility subsidy scheme| India key to next phase of growth for Atmus| Cost and tech make India global force in auto parts sector

Friday, March 15, 2024

Top Stories
	EMPS: Recertification of OEMs, vehicles a pain point in new subsidy scheme
	For Atmus, India is key to next phase of global growth
	CEO's Take on 2024: Cost efficiency and tech skills make India a global force in auto parts sector, says Nirmal K. Minda, CMD, Uno Minda
	Customs office issues directive to Maruti Suzuki for alleged import violations
	Citroen revamping India strategy to boost sluggish sales
	Gulf Oil Lubricants looking at buyouts to boost EV infra play
	TVS Motor's Singapore subsidiary invests USD 5.5 mn in Ion Mobility
	Bharat Forge plans to raise up to INR 500 cr through NCDs, term loan
	India's diesel exports to Europe see nearly three-fold jump in February
	Maruti Suzuki Subscribe has over 10,000 customers

	Cut in fuel prices will boost consumer spending: Oil minister
	Schaeffler and Vitesco enter into merger agreement
	DICV appoints Alexander Schoen as CFO
	Marcello Gandini, Lamborghini, Lancia and Alfa Romeo designer, dies aged 85 The Guardian
	Manufacturers of electric vehicles lukewarm to new subsidy scheme Business-standard.com
	Hyperloop can soon become a reality in India: Swisspod CEO Denis Tudor Business-standard.com
	PV or CV at TN plant? Tata Motors will take a call based on market trend Business-standard.com
	National highways construction up, but govt may miss award target Business-standard.com
	With 44% growth in subscriptions, Maruti Suzuki to expand the model across India BusinessLine
	The proliferation of EVs could make decarbonization harder to achieve Mint
	Highway construction picks up pace in late push Mint
	Vehicle scrapping policy hits speed bump Mint
	Tesla Model Y falls short of Ford F-Series in 2023 registrations Autonews.com
	Fisker says it's focused on business plan after report of possible bankruptcy Autonews.com

Electric Vehicles
	China EV maker Nio has completed 40 mn battery swaps so far
	EVs are more reliable than people think, says new study
	Polestar cuts starting prices for its upcoming model as EV demand falters
	EVs cheaper to own in long run than ICE cars in India but bumps ahead: BNEF

Auto Technology
	Hinduja Tech secures USD 50 mn investment from private equity fund Creador
	Subaru and Aisin to collaborate on eAxles for next-generation EVs

Passenger Vehicle
	Car makers to provide 'rear seat belt alarm' from April 2025
	Musk visits Tesla's sabotage-hit German factory
	Ford has big goals for software sales to small business truck fleets
	Cost-cutting program at Volkswagen brand bears first fruit
	Nissan could seek partnership on EVs with Honda, Japanese media say
	Citroen plans to establish 200 sales and service touchpoints by end of 2024
	Volkswagen says tough market to weigh on car sales growth in 2024
	M&M bets big on EVs, doesn't rule out hybrid foray
	Hyundai, Kia to recall 1.7 lakh EVs over charging software issue in Korea
	Tesla slips as Wells Fargo warns of waning effect of price cuts over demand
	Volkswagen Unveils ID.3 GTX and ID.7 GTX Tourer

Auto Components
	EV makers will have to give 3-year warranty on batteries
	Uno Minda allots 55,600 equity shares to employees under stock option scheme
	China's Nio and CATL team up to develop longer life batteries

Tyres
	CEAT announces new board appointments and committee recast

Industry
	Localisation, warranty norms stricter in Electric Mobility Promotion Scheme
	Govt launches pilot programme for cashless treatment of road accident victims
	Vedanta shares fall nearly 7%; mcap declines by INR 6,858 cr
	INR 500 cr electric-mobility scheme shows govt's continued thrust on EV: Experts
	Coal Ministry to ensure 874 mn ton coal supply for power sector in FY25: Pralhad Joshi
	Sebi orders Vedanta to pay Cairn INR 77.6 cr; bars Navin & Priya Agarwal from mkt
	Belgian farmer sues TotalEnergies for climate damages
	New vehicles in Telangana will now use 'TG' prefix
	US grants USD 750 mn for hydrogen projects across 24 states
	ARENQ appoints Avnish Arora as Strategic Business Advisor
	Popular Vehicles IPO subscribed 45% on day two of offer
	Centre can limit but not oust states' power to tax minerals, opines SC

Oil & Lubes
	Shell to cut about 20% of jobs in deals team amid push for cost savings

Commercial Vehicle
	Greaves launches passenger E3W Eltra City

Aftermarket
	BluSmart has 7000 EVs in its ride hailing service fleet
	Mobility startup Pumpumpum secures INR 2 cr headed by Inflection Point Ventures
	Gurugram-based startup AHODS Tech wins grand prize at finale of Uber Sustainovate
	India among top 5 mkts, says DHL