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India's e-Bus Ambition Hits Financing Speed Bump
India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).
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Taiwan To Fine Foxconn For Unauthorised China Investment
Taiwan has turned a wary eye on China's ambition to boost its semiconductor industry and is tightening legislation to prevent what it says is China stealing its chip technology.
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India Tax Body Clarifies Sports Utility Vehicles Definition
To qualify as SUVs for the purpose of GST and cess cars must meet the criteria of having an engine capacity of over 1,500cc, be over 4000 mm and a ground clearance of 170 mm.
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Mahindra CEO Sees U.S. Entry For New Electric Vehicles At Least Five Years Away
Mahindra, as part of its long-range strategy, is considering whether to build vehicles in North America, to take advantage of incentives built into the U.S. Inflation Reduction Act.
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Panasonic Agrees To Supply EV Batteries To Lucid Group
Panasonic Holdings concluded an agreement to supply lithium-ion batteries to EV maker Lucid Group.
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Zelenskiy Says Level Of Price Cap On Russia Oil Isn't Serious
President Zelenskiy said The $60 price cap on seaborne Russian oil agreed by Group of Seven nations and Australia is not serious and will do little to deter Russia from waging war in Ukraine.
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STMicro, Soitec Deepen Cooperation Over Fast-Growing Semiconductor Material
Soitec and STMicroelectronics are deepening their cooperation over the manufacturing of a key and fast-growing material used in the electric car industry.
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U.S. Urges Caution On Low-Quoted Russian Oil Prices As EU Debates Price Cap
The Biden administration broke its silence on European Union deliberations over a $65-70 per barrel Russian oil price cap, warning far-lower prices cited for some Russian Urals crude shipments should be approached with caution.
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Tesla Launches EVs In Thailand Amid Competition From Cheaper Brands
Tesla launched two EVs in Thailand, marking its first foray into the regional autos hub that has long been dominated by Japanese manufacturers.
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India's Retail Vehicle Sales Jumps 26% In November - FADA
The festive and wedding season in India helped boost the country's total retail vehicles sales by 26% in November from a year ago.
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Hyundai, SK To Build New Battery Plant In Georgia
Hyundai and SK will build a new battery manufacturing plant in the U.S. state of Georgia to supply the Korean automaker's U.S. assembly plants.
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South Korean Truckers' Strike Cost $1.2 Billion In Lost Shipments
A strike by South Korean truckers is estimated to have cost 1.6 trillion won ($1.23 billion) in lost shipments.
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Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
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OPEC+ Switch To Virtual Meeting Signals Policy Roll-Over Ahead Of Russian Oil Price Cap - Report
The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.
Read More →Foxconn Unit Invests $500 Million (Rs. 4100 Crore) In India Affiliate
Foxconn's Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million (Around Rs. 4100 Crore).
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Factbox - Western Governments Struggle To Agree On Russian Oil Price Cap
Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.
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Diesel Sales Of Indian State Retailers Up On Industrial Recovery
Indian state refiners' daily diesel sales rose 21% in November from the previous month.
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Putin Drives Across Crimea Bridge In A Mercedes
Putin, accompanied by Deputy Prime Minister Marat Khusnullin, was shown on state television behind the wheel of a Mercedes, asking questions about where the attack took place.
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Uber, Aurora To Expand Self-Driving Truck Ops In Texas To Meet Holiday Rush
Uber and Aurora Innovation will expand their driverless pilot program in Texas to meet increased delivery demand during the holidays.
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India To Continue Buying Russian Oil, Ministry Source Says
India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used.
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