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Tech interventions will enhance life of the ICE | Magenta Mobility to buy 2000 Euler HiLoad EVs for INR 100cr | Adani to Electrify Intra-city Mobility

Tech interventions will enhance life of the ICE | Magenta Mobility to buy 2000 Euler HiLoad EVs for INR 100cr | Adani to Electrify Intra-city Mobility
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ETAuto Newsletter | Friday, February 9, 2024

Daily Newsletter
Auto Technology | Passenger Vehicle | Two Wheelers | Policy | Auto Components | Tyres | Industry | Oil & Lubes
Top Stories
• Technology interventions will enhance life of the internal combustion engine
• Magenta Mobility to buy 2000 Euler HiLoad EVs for INR 100cr; Euler to hike production
• Adani to Electrify Intra-city Mobility with E-Bus Supply
• NHAI's total asset monetization program crosses INR 1 lakh crore
• India's fuel demand rises 8.2% y/y in January
• Ethanol blending benefits passed on to sugarcane farmers: Govt
• LG Energy plans to sell batteries to more EV car makers in India
• DMRC to run safety checks at all stns
• Murugappa Group's EV arm plans another round of fund raise and higher capex in FY25
• The Land of Ferrari and Lamborghini Has a New Speed Limit: 30 K.P.H. Nytimes.com
• After brisk start, electric vehicle penetration loses momentum in FY24 Business-standard.com
Electric Vehicles
• New indoor EV charging station in San Francisco offers a glimpse into the future
Auto Technology
• Waymo robotaxi accident with San Francisco cyclist draws regulatory review
• Terra Charge opens R&D Center in Kolkata to boost charging technology
Passenger Vehicle
• Tata Motors launches Tiago and Tigor iCNG AMT at INR 7.89 lakh and INR 8.84 lakh
• Nissan posts 6% rise in Q3 profit, missing estimates
• Honda lifts annual profit outlook after strong Q3
• German union: agreed job cuts at Ford's Saarlouis plant
Two Wheelers
• Hero MotoCorp Q3 Preview: PAT to see double-digit growth YoY on all-round show
• Lectrix EV launches E2W LXS 2.0 with 2.3KW battery at INR 79,999
Auto Components
• ASK Auto to produce die casted 2W alloy wheels in partnership with LIOHO of Taiwan
• GM head holds talks with Samsung, LG execs over EV battery, auto parts
• 'UP working to realise PM's vision on semiconductors'
• ZF Launches US production of PowerLine CV transmissions
Industry
• LNG as future transport fuel: India-Netherlands report highlights roadmap
• RBI Pegs GDP Growth at 7% in FY25 Amid Corp Investments
• US closes probe into 3 mn Hyundai, Kia vehicles over fire risks
• Scaling up demand must for green H2 success: IEA
• RBI to Tap NHAI, NPCI to Fix Rescue Plan for Paytm Users
• Greaves Cotton Q3 FY24 standalone profit up 74% y-o-y to INR 65 cr
• EET Hydrogen to proceed into final negotiations with UK Government to develop low-carbon hydrogen plant in Ellesmere
• Demand for warehouse space in tier II cities on the rise : Report
• RBI mandates lenders to provide Key Fact Statement to retail, MSME borrowers
• Stellantis' Elkann meets Italy's economy minister amid tensions
• Coal India to increase e-vehicles at mines to 681 by FY26
• RBI holds repo rate steady at 6.5%
• Mazda North America renews pact for Toyota Motor Credit and Mazda Financial Services tie-up
• Around 100 auto dealers likely to showcase vehicles
• Over 10,000 MW solar projects commissioned; India's total solar potential at 748 GWp: R. K. Singh
• India's true manufacturing rival is not China, it's someone else
Oil & Lubes
• BPCL launches "Pure for Sure" LPG initiative with QR code authentication
Commercial Vehicle
• Mahindra Last Mile Mobility sells 40,000 E3Ws in 8 months of FY24
• Sonalika unveils range of 10 'Tiger' advanced heavy duty tractors in 40-75 HP segment
• Euler Motors to deliver 2,000 HiLoad EVs to Magenta Mobility in 18 months
• UPSRTC deploys more buses in Ayodhya to deal with increased pilgrim rush
Aftermarket
• Zomato beats Q3 profit estimates on higher demand
• Uber expects strong core profit as ride share, food delivery demand accelerates
Automotive
• India's Escorts Kubota misses Q3 profit view on lower tractor demand
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