GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.
Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline.
Indian state fuel retailers' diesel sale in October surged from the previous month, indicating a pick up in industrial activity during the peak festive season.
Ola Electric making its presence felt at EICMA is more likely to do with the brand going global. The company aims to expand sales in markets like Latin America, ASEAN and Europe.
Dr. Andy Palmer, has stepped down as the Vice Chairman and CEO of Switch Global for person reasons and Babu will be stepping into the role with immediate effect.
Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks.
Taiwan looks forward to producing "democracy chips" with the United States, President Tsai Ing-wen told the visiting governor of the U.S. state of Arizona, Doug Ducey, the latest in a string of senior officials from the county to visit.
Toyota Motor Corp will boost its planned investment in a new U.S. battery plant from $1.29 billion to $3.8 billion, partly in response to rising consumer demand for electric vehicles, the company said.
All-electric Tiago is now the most affordable electric car on sale in India and gets a number of additional features over its standard internal combustion sibling.
The group plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."
The all-electric, Mahindra Atom quadricycle, was recently spotted testing in India. While we have already seen the pre-production concept at the 2020 Auto Expo, based on the camouflage, the production version could come with some visual updates.
According to the State Electric Vehicle and Energy Storage Policy, the electric vehicles will be applicable for this offer only if they are purchased and registered within the state.
Hyundai Motor Co's self-driving joint venture Motional and public transit technology firm Via have partnered to launch a shared robotaxi service in the United States next year, the companies said on Tuesday.
Maruti Suzuki India has released the monthly sales numbers for June 2021, during which the company's total sales (domestic + exports) stood at 147,368 units. This includes the cumulative domestic sale of 130,348 units and exports of 17,020 units.
The cumulative wholesales of Toyota in the first six months of the calendar year 2021, stands at 59332 units when compared to 28686 units sold in the corresponding period last year, thereby registering a growth of 107 per cent.
Bangalore-based Incredible Technologies Private Limited (CredR), has raised Rs. 48.1 crore in its latest round led by Yamaha Motors, and existing investors Omidyar Network India and Eight Roads Ventures, with participation from automotive focused Astarc Ventures.
Mercedes-Benz's digital platform, which was launched last year in April, has shown a decent contribution towards its over sales in India. The carmaker has confirmed that 20 per cent of its sales come from the 'Merc From Home' platform.
The Hyundai Alcazar is the 10 millionth car to roll out of the production line at HMIL's plant in presence of M K Stalin- Chief Minister of Tamil Nadu who also signed on the car's hood to mark the occasion.
Bengaluru-based logistics platform, Cogos, has announced that it will be adding 2500 electric vehicles (EV) to its delivery fleet across Bangalore, Hyderabad, Delhi and Gujarat, and later in Maharashtra and Tamil Nadu.
In addition to supplying the buses to the Research & Development Centre of IOCL, Tata Motors will also collaborate with them to undertake R&D projects and collectively study further the potential of Fuel Cell technology for commercial vehicles.
Chinese electric vehicle maker Xpeng Inc will raise $1.8 billion by pricing its shares at HK$165 ($21.25) each as part of its Hong Kong dual primary listing, two people with direct knowledge of the matter said.
