🌢 Fuels, Lubricants
Govt achieves 12% ethanol blending target for ESY 2022–23: Oil Minister
New Delhi: India has achieved the target of blending 12 per cent ethanol with petrol during the current ethanol supply year, which concludes in October 2023, Oil Minister HS Puri said on Thursday.
India begins producing 'reference' fuel, joins select league of nations
India on Thursday began producing 'reference' petrol and diesel, joining a select league of nations that produce the highly specialised fuel which is used for testing automobiles. Launching the fuel, Oil Minister Hardeep Singh Puri said the start of production of 'reference' fuel is another step towards Aatmanirbhar Bharat (self-reliant India) as it will end imports.
Chevron's Caltex Lubes returns to India after 12 years; HPCL to market it
Chevron Corporation, the second largest oil company based in the United States is making a comeback in the Indian lubricants market after 12 years.
Comply with EV charging stns order in week, Municipal Corporation told
Chandigarh: The UT administration has decided to give a week’s time to the municipal corporation (MC) to comply with its directives on installation of EV charging stations in paid parking lots.
Charzer introduces EV charging on Whatsapp
Bengaluru: Charzer, the EV charging station aggregation platform has incorporated a new WhatsApp feature to provide convenient and seamless charging services for electric vehicle users
Gulf Oil posts Rs 74 crore net profit in Q2 FY2024
Valvoline targets double-digit market share growth in India over 5 years
Valvoline Cummins Private Limited, a player in the global lubricant industry, is setting its sights on growing its market share by double digits in India over the next five years. Currently holding a single-digit market share, the company is leveraging three innovations to expand its presence in the Indian lubricant market.
Read More >>
📖 Magazines
Toyota FT-Se concept previews future MR2 sucessor
Source Credit: Autocar India
Toyota has unveiled the FT-Se EV concept that previews the brand’s first EV Gazoo Racing sportscar at the Tokyo Motor Show 2023. Promised to be small, low, light and fun by Toyota CEO Koji Sato, the high-performance EV will arrive with a driving feel unlike anything else on the road today, so the brand claims.
Toyota FT-3e electric SUV concept unveiled
Source Credit: Autocar India
Toyota has previewed its second electric SUV, the FT-3e concept, which was unveiled alongside the FT-Se sports car concept at the Tokyo motor show. The FT-3e previews a sharply styled five-seat 4x4 with a design language that builds on the Toyota bZ4x.
Toyota’s IMV 0 platform could spawn affordable version of Fortuner
Source Credit: Autocar India
Standing in one corner of Toyota’s booth at the Japan Mobility Show and in direct contrast to the stunning FT-Se electric sportscar concept is the old-school ladder-frame and ICE-powered IMV 0 concept. True to Toyota’s commitment to offer diverse products for diverse needs and applications, the IMV 0 is for those consumers who don’t need or want EVs, not yet at least.
Next-gen Skoda Superb global debut on November 2
Source Credit: Autocar India
Skoda will release the first set of details and images of the new Superb on November 2, and has shared sketches of the car’s final design ahead of its global debut. The all-new Superb will go on sale internationally early next year, however, Skoda is preparing to relaunch the current-gen model in India in the coming months.
Ferrari SP-8 limited edition supercar revealed
Source Credit: Autocar India
Ferrari has revealed the new SP-8 as a celebration of the firm’s twin-turbocharged 3.9-litre V8 – a four-time winner of the International Engine of the Year award. It takes its underpinnings from the F8 Tributo and F8 Spider, which were themselves named after the powerplant, and repurposes them for a futuristic roadster.
BMW X4 M40i launched at Rs 96.20 lakh
Source Credit: Autocar India
BMW has launched the X4 xDrive M40i in India at Rs 96.20 lakh, and the coupe-SUV, which will be brought in as a CBU, will be available in a single trim and sold in limited units.
2023 BMW X5 facelift review: Xtra Premium
Source Credit: Autocar India
Apart from being the pioneer of road-biased luxury SUVs, the BMW X5 has been a lot of things. It was the first BMW SUV, it was the flagship, it spawned a coupé counterpart and an insane M variant, then it became the middle child, and now it’s shifting positions again. This, of course, is because more and more SUVs keep joining the line-up, most of them lower down, and that has left the X5 with no choice but to move up. With this facelift, it now costs more than a crore in top-spec M Sport guise, so has the experience been upgraded to match? And just where in the range does it fit now?
Read More >>
📰 International
Volkswagen sticks to EV targets and pricing despite knock to demand
Volkswagen is working to cut costs and sticking with its electric vehicle prices despite reductions at some rivals, as the German automaker aims to rebuild margins after quarterly profits were hit by bad bets on raw material prices.
Toyota recalls 7.51 lakh Highlander SUVs in US to fix front bumper cover issue
Toyota has said it is recalling about 7.51 lakh Highlander SUVs (sports utility vehicles) in the US to fix a problem with the tabs that hold the front bumper covers on.
Autoworkers reach a deal with Ford, a breakthrough toward ending strikes against Detroit automakers
The United Auto Workers union said Wednesday it has reached a tentative contract agreement with Ford that could be a breakthrough toward ending the nearly 6-week-old strikes against Detroit automakers.
Ford agrees to 25% wage hike in tentative deal to end UAW strike
The United Auto Workers reached a tentative labor agreement with Ford Motor Co, putting pressure on the carmaker’s two chief rivals to end a protracted strike that has cost the industry billions of dollars.
US auto union strike to end soon as Ford strikes tentative deal on pay hike
The proposed accord, which UAW's leadership must still approve, provides a 25% wage hike over the 4-1/2-year contract, starting with an initial increase of 11%. The Ford deal, which could help create a template for settlements of parallel UAW strikes against General Motors and Chrysler parent Stellantis, would amount to total pay hikes of more than 33% when compounding and cost-of-living mechanisms are factored in, the UAW said.
Atlas Copco Q3 tops forecast, but warns of slow semiconductor recovery
Swedish industrials group Atlas Copco beat third-quarter adjusted profit forecasts on Wednesday, but warned demand would weaken in the near term amid a slower than expected recovery in the semiconductor industry.
Hyundai Motor's Q3 net profit rises 151%, beats forecasts
South Korea's Hyundai Motor Co reported on Thursday a 151% rise in third-quarter profit, boosted by solid sales of high-margin sport utility vehicles and a favourable exchange rate.
Shell cuts low-carbon jobs, scales back hydrogen in overhaul by CEO
Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan's drive to boost profits, it said on Wednesday.
Japan Mobility Show: Honda showcases future mobility concepts, autonomous vehicles
New Delhi: With an aim to enable people to “transcend various constraints such as time, and to augment their abilities and possibilities”, Japanese automaker Honda Motor Company looks to invest in autonomous technologies for future mobility.
Stellantis to invest EUR 1.5 bn in Leapmotor for 20% stake; to set up JV for EV sales
New Delhi: Stellantis N.V. and Leapmotor Thursday announced that Stellantis plans to invest about EUR. 1.5 billion to acquire approximately 20% of Leapmotor, making Stellantis a significant shareholder.
BMW Group Logistik tests e-semitrailer in various scenarios
New Delhi: BMW Group Logistik, in collaboration with the technology innovator Trailer Dynamics, has successfully tested an electrically powered semi-trailer on various tracks and over varying distances in real-world logistics operations.
Hyundai expands free anti-theft software installation mobile clinics in US
New Delhi: As part of its ongoing efforts to assist customers and communities affected by the social-media driven thefts of certain vehicles not equipped with push-button ignitions and engine immobilizers, Hyundai has announced five national multi-day anti-theft mobile clinics to occur before year-end.
Mercedes says 'brutal' EV market will pressure car sales margins
Mercedes-Benz said a "brutal" electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings fell.
Hyundai sticks to EV rollout plans, sees solid growth this year
Hyundai Motor said on Thursday it would not delay plans to roll out new electric vehicles and was upbeat about prospects for continued growth this year - a contrast to recent steps by rivals to cut back on EV output.
Love in the time of profit? Honda-GM affair over cheap EVs comes to zilch
Honda and GM had announced that the brands would combine efforts in order to work on EVs that would make use of next-gen Ultium battery tech and would be more affordable than what's on offer at present. The April 2022 announcement created quite a bit of buzz in markets across the world, possibly signalling a very serious challenge to the global dominance of Tesla. But fast forward 18 months and it just isn't panning out.
Forsee Power appoints Joel Theut as Chief Technical and Operations Officer
French battery major Forsee Power has appointed Joel Theut as its new Chief Technical and Operations Officer. He joins the Company’s Executive Committee and will lead all operations, innovation, R&D and supply chain activities.
Are iron-flow batteries the solution to variable renewables?
For the first time Australia's main electricity grid reached a share of over 70% for renewable energy this week, an achievement that showcases the rapid rise of solar and wind generation, but also highlights several challenges.
Are iron-flow batteries the solution to variable renewables?
For the first time Australia's main electricity grid reached a share of over 70% for renewable energy this week, an achievement that showcases the rapid rise of solar and wind generation, but also highlights several challenges.
Volvo Cars profit jumps on higher revenue, lower costs
Carmaker Volvo Cars posted a sharp increase in third quarter profits on Thursday, as higher sales in the US and Europe and lower costs for raw materials boosted profitability.
UK car output growth strongest in September as overseas shipments rise: SMMT
Britain's car output in September rose nearly 40% compared with the year earlier, the strongest growth so far this year, driven by an uptick in export demand, industry data showed on Thursday.
Tesla gets USD 100 mn US ultra-fast charger order from BP EV charging unit
BP's electric vehicle charger unit is ordering USD 100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday.
Arizona says closely monitoring use of self-driving vehicles
Arizona is closely monitoring the testing and use of self-driving vehicles in the state, its transportation department said on Wednesday, a day after California barred General Motors' Cruise from operating its driverless cars.
Tesla aware of Autopilot steering malfunction before fatal crash
An attorney suing Tesla over a fatal accident cited an internal safety analysis conducted by the company that showed it knew about a steering malfunction in its Autopilot driver assistant feature about two years earlier.
Toyota's hot yet silent first electric supercar FT-Se at Japan Mobility Show 2023: Launch timeline
Among all the excitement at the Japan Mobility Show 2023, Toyotagave fans their first official preview of the upcoming FT-Se electric supercar that the automaker had announced earlier on October 16. The FT-Se is a high-performance battery electric vehicle (BEV) which has been developed with Toyota’s Gazoo Racing (GR) motorsports division. It gets wide and low proportions and a sharp silhouette.
Harley-Davidson Q3 results: Profit plunges 24% due to drop in discretionary spending
American motorcycle maker Harley-Davidson Inc has reported a 24% plunge in profit for the third quarter ended September 30. The company attributed the decline in profit to a drop in discretionary spending due to higher borrowing costs and inflationary pressures.
Renault Kardian SUV revealed globally: Gets Kiger inspired design
French Automaker Renault has finally revealed a new Kardian SUV globally. The company had teased the SUV multiple times and has been developed for the South American market. The SUV is expected to be launched in Brazil first and other emerging markets later. The SUV will be initially manufactured in Brazil and later in Morocco.
Japan Auto Show 2023: Yamaha brings retro back with XSR900 GP in 1980s livery
The 2023 Yamaha XSR900 GP mimics the livery on the YZR500, albeit in a modern neo-retro bodyshell
Mercedes, Volkswagen Brace for Tougher Times as Margins Fall
Audi’s plans to enter 2026 Formula One under review: Report
Epsilon Advanced Materials to build $650 mn EV battery plant in US
India's Epsilon Advanced Materials (EAM) plans to open a $650-million battery materials and components plant in North Carolina in 2026 that could eventually supply up to 1.1 million electric vehicles in the U.S., the company said on Thursday.
📝 1,000 km range Lexus EV to launch by 2026: Toyota unveils LF-ZC concept in Tokyo
Read More >>
405, TSL Corner
contact@nurcmedianext.com
+91-11-49849324, +91-9958949710
