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A 'passionate engineer' and gentle industry leader, Vikram Kirloskar, bids adieu
Gone too early at 64, the indelible impression Kirloskar left on the various avenues of business and life will live beyond him. He will be deeply missed by many people in diverse sectors. ETAuto expresses its deepest condolences to the Kirloskar family, and all associated with him professionally.

Tata Motors and Mahindra & Mahindra haven't given up on diesel yet
A sharp increase in sales of sports utility vehicles, coupled with an uptick in average selling price of vehicles in the country over the last three years, has prompted the two companies to invest in the technology despite market leader Maruti Suzuki, Renault-Nissan and the Volkswagen Group choosing to stay away from the category after April 2020.

CAPEX by auto OEMs during FY23-FY25 to remain high at INR 650 bn: ICRA
The expenditure will mainly be on capacity expansion to meet the growing demand for vehicles, and on new product development, including the development of capabilities/dedicated platforms for electric vehicles. The auto component manufacturers are also expected to scale up their investments to support their customers, says an ICRA note.

Festive season not over for EV makers as sales hit top gear
If October set a monthly record of 115,861 EV sales, the numbers this month have already crossed 99,000 units, as per data from government website Vahan that tracks vehicle registrations.

Stellantis in India profitable with Jeep, Citroen still in the red
While the Jeep brand currently offers four products in the market, the automaker is set to enter the Indian EV space with the Citroen. However, the auto major's profitability in the country may be credited to its frugal investment approach and JV-based business model.

Hero MotoCorp to hike prices of its vehicles up to INR 1500 from Dec 1
This is the fourth price hike by the market leader in the current fiscal year.

Hindustan Motor inks MoU for EV exports
In a stock exchange filing on Tuesday, HM said that it has entered into a MoU to extend the EV domain across the border to enhance the production of eco-friendly EVs.

Volvo Car India to hike prices of select models from Nov 25
The new prices are effective from 25th November 2022. However, the company is committed to price protection of customers who have booked their cars till 24th November 2022. All bookings after this date will attract new prices.

Citroen to launch C3 EV next year; eyes middle class customers
The world’s fourth largest automotive Group thinks garnering a higher share in the nascent EV market, than in the ICE vehicle space, to be gainful in the long term as the passenger vehicle market goes fully electric. The Citroen C3 EV, scheduled for launch in early 2023, will drive that strategy in India mainly targeting its aspirational middle class.

Field-born e-tractor, Marut E-Tract 3.0, seeks FAME incentive, investor support to go to market
Marut E-Tract 3.0, a small electric tractor, is developed in the fields by a farmer-engineer, Nikunj Korat and his brothers in Gujarat, investing about INR 1 crore. Freshly certified by iCAT (International Centre for Automotive Technology), and with a target price of INR 5.5 lakh, the entrepreneur seeks funds for commercialisation, investor support and also FAME subsidy.