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.
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.
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.
Audi has added two new colours - Tango Red and Manhattan Gray, to the A4 line-up along with couple of new features for the top-spec Technology variant. The prices too have gone up.
A more powerful, more mental sibling of the Aston Martin DBX, the 707 as the name suggests puts out 707 bhp and 900 Nm of peak torque from its 4.0-litre V8 engine that elevates Aston Martin to the pinnacle of SUV performance.
With a claim to being the safest car ever built by the company, the Volvo EX90 Recharge electric SUV will be the electric-only version of the Volvo XC90, its current flagship SUV.
The 2024 Mercedes-AMG C63 S E Performance sedan replaces the monstrous 4.0-litre twin-turbo V8 engine that powered the outgoing C63 AMG with a more powerful and emissions-friendly 2.0-litre turbocharged hybrid engine, which is also the world's most powerful inline-four motor.
The Ather 450 Plus is the new entry model in the EV company's line-up and has received a price cut of about Rs. 9000, while the start-up has also announced major revisions to its subscription plans, new BuyBack assurance program and the cancellation of home charging reimbursement.
Vijay Rupani, the chief minister of Gujarat, announced the latest EV Policy for the state, wherein subsidies of up to Rs. 1.5 lakh will be provided on purchase of electric vehicles. The state will provide Rs. 870 crore over a period of four years as subsidy support.
The Tamil Nadu state government has recently said that it will allow some industrial units including those of global automakers in and around capital city Chennai to operate at 100 per cent capacity from June 21, 2021.
The Renault-Nissan workers union petitioned the Madras High court last month seeking to halt operations claiming that social distancing norms were being flouted.
Fuel rates have been increased 28th times since May 4, 2021, across the country. In Delhi, diesel jumped to Rs. 88.23 a litre from Rs. 87.97 a litre, while petrol increased to Rs. 97.50 per litre.
The centre of the GT3 steering wheel is given over to a circular digital display that offers the driver vital telemetry and information about their performance
Morris Garages India has announced reintroducing the 'MG Care At Home' programme, under which the company offers doorstep vehicle servicing and sanitisation.
Volkswagen will soon decide on the future of its luxury brand Bugatti, Oliver Blume, Volkswagen management board member and CEO of Porsche AG, said on Monday.
Car factories, including those of Renault-Nissan, Hyundai and Ford, can operate with full workforces in India's automaking hub from Monday, even though 75% of workers at the global carmakers' plants have not been vaccinated against COVID-19.
Honda Motorcycle and Scooter India (HMSI) has now included the Activa 125 scooter in its cashback program. The offer is valid only for SBI credit card holders.
