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Karnataka Government Mandates Wearing Seatbelts In Passenger Vehicles; Offenders To Be Fined
First time offenders in Karnataka will have to pay a fine of Rs. 1,000 while second time or frequent offenders in the state will be charged Rs. 2,000 for the same.

Tesla Flags Its Cars Not Ready To Be Approved As Fully Self-Driving This Year
Oct 20, 2022 07:44 PM
Musk told a post-earnings call that all full self-driving users in North America will get an Autopilot feature at the end of the year, adding that while its cars are not ready to have no one behind the wheel, drivers would rarely have to touch the controls.

BMW Announces $1.7 Billion Investment For Batteries In US 
Oct 20, 2022 07:38 PM
BMW is already the largest exporter from the US in terms of value and this investment is a doubling down of its US focus.

India To Examine Russia Oil Price Cap; Its Refiners Line Up Dec Crude Buys
Oct 20, 2022 07:27 PM
The price cap plan calls for G7 countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products.

Mercedes Signs Deal With Rock Tech Lithium To Push e-Vehicle Drive
Oct 20, 2022 06:58 PM
Mercedes will receive on average 10,000 tons of battery-grade lithium hydroxide per year.

Biden Awards $2.8 Billion To Boost U.S. Minerals Output For EV Batteries
Oct 20, 2022 05:23 PM
The grants, which are going to projects across at least 12 states, mark the latest push by the Biden administration to help reduce the country's dependence on China and other nations for the building blocks of the green energy revolution.

Automakers Need More Time To Meet U.S. Minerals Requirements For EVs - Execs
Oct 20, 2022 05:02 PM
The Inflation Reduction Act, as currently written, requires automakers to have 50% of critical minerals used in EV batteries come from North America or U.S. allies by 2024, rising to 80% by the end of 2026.

Pure EV To Invest Over Rs. 200 Crore In The Next 18 Months For R&D
Oct 20, 2022 04:58 PM
Pure EV is in the process of expanding to 2,00,000 sqft facility with an annual vehicle production capacity of 1,20,000 units.

Honda Motorcycle and Scooter India To Launch Flex-Fuel Engined Motorcycle
Oct 20, 2022 04:58 PM
Honda Motorcycle and Scooter India confirms that it will launch a motorcycle with flex-fuel engine.
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