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There are reportedly several electric R models at different planning stages but a timeline for the launch of these models is yet to be revealed.

The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that of other forecasters which see oil demand reaching a plateau before 2030 due to the rise of renewable energy and electric cars.   

The new e-cycles get the GEMTECM technology with the H3 priced at Rs. 27,499, while the H5 is priced at Rs. 28,499.

Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening COVID-19 curbs will curtail demand.

The startup is based in the Middle East and so far has raised $14.3 million in funding.

Original equipment manufacturers' battery-electric and hybrid vehicle sales aspirations will face strong headwinds as they scramble for raw materials, with annual market demand for lithium-ion batteries pegged at about 3.4 Terawatt hours (TWh) by 2030.

The new dealership will provide access to the company's electric vehicle range including the e6 MPV and Atto 3 electric SUV.

Indonesia raised subsidised fuel prices by about 30%, as the government moves to rein in ballooning subsidies despite a risk of mass protests.