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Dec 31, 2022, 11:02 AM
India is investigating the possible misappropriation of incentives given to EV makers under a Rs. 10,000 crore programme to promote their faster adoption.
1 Min
Reuters | Dec 31, 2022Analysis-EU Unity Over Russia Sanctions Falters As Europe's Economy WiltsEU leaders agreed on Thursday to a ninth package of sanctions but talks were acrimonious, with Poland and the Baltic states that neighbour Russia campaigning for tougher measures, while states further west, such as Germany, were more hesitant.4 mins read
Reuters | Dec 31, 2022Oil Rises On Hopes For China's Economy; Recession Fears Limit GainsChina, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023.2 mins read
Reuters | Dec 31, 2022World Shares Extend Rout, Oil Prices Drop On Recession WorriesThe selling spilled over into commodities markets, where oil prices dropped over $2 per barrel. Gold prices faced their biggest weekly loss in four weeks after the Federal Reserve indicated it was not done hiking rates.3 mins read
Reuters | Dec 31, 2022Oil Prices Slid 2% As Dollar Firms And Central Banks Hike Interest RatesAfter rising for three straight days, Brent futures fell $1.49, or 1.8%, to settle at $81.21 a barrel, while U.S. West Texas Intermediate (WTI) crude fell $1.17, or 1.5%, to settle at $76.11.2 mins read
Reuters | Dec 31, 2022Oil Prices Climb By $2 Amid Forecasts For 2023 Demand UptickBrent crude futures settled up $2.02, or 2.4%, to $82.70 per barrel, while U.S. West Texas Intermediate (WTI) crude futures settled up $1.94 to $77.28.2 mins read
Reuters | Dec 31, 2022Russia Replaces Iraq As Top Oil Supplier To India In NovemberIndia's oil imports from Russia rose for the fifth straight month, totaling 908,000 barrels per day (bpd) in November, up 4% from October, the data showed.2 mins read
Reuters | Dec 31, 2022Oil Rises To Over $80/bbl As Dollar Slumps On Slowing InflationThe market was also buoyed by concerns about supply disruptions, including the ongoing shutdown of the Canada-to-United States Keystone crude pipeline following a massive leak last week.2 mins read- Reuters | Dec 31, 2022Turkey Reaches Deal Over New Crude Tanker Insurance RegulationsThe Turkish measures, which came into effect on Dec. 1, requires vessels to provide proof of insurance for the duration of transit through the Bosphorus or when calling at Turkish ports.2 mins read
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Car News
car&bike Team | May 20, 2023F1: Mercedes Forges Ahead With W14 Upgrade Plans; Will Run Updated Car At Monaco Grand PrixMercedes was set to bring the upgraded W14 to Imola this weekend though with the race canceled it will now make its first run at the Monaco Grand Prix.1 min read
car&bike Team | May 20, 2023MINI John Cooper Works 1to6 Edition Debuts With 228 bhp, 6-Speed ManualThe John Cooper Works 1to6 Edition is expected to be Mini’s last manual gearbox model with the option likely to be dropped for its next-gen models.1 min read
car&bike Team | May 19, 2023Indian Carmakers Agree To Potential Import Tax Elimination In Trade Deal With BritainIndian carmakers propose gradually reducing import taxes on vehicles from Britain, aiming for a 10 per cent tax rate.1 min read
car&bike Team | May 19, 2023Volvo Details Safety Systems Of Upcoming EX30 Electric SUVVolvo says the EX30 will be offered with safety systems to better protect occupants and other road users.1 min read
car&bike Team | May 19, 2023Tesla Teases Two New Products at Shareholder MeetingTesla's shareholder meeting offered a glimpse of Tesla's future, with a sneak-peek at an upcoming car, updates on production goals, and advancements in self-driving technology.1 min read
Electric Mobility
Seshan Vijayraghvan | Oct 22, 2020Piaggio Launches The Ape E-City Electric Auto In Thiruvananthapuram And KozhikodePiaggio India has launched its all-electric three-wheeler, the Ape E-City, in Thiruvananthapuram and Kozhikode, in Kerala.1 min read
car&bike Team | Oct 22, 2020Tesla CyberTruck To Get "Lots Of Improvements" Says MuskTesla has been making many improvements to the original design since the CyberTruck broke cover last November1 min read
car&bike Team | Oct 22, 2020LG Chem Working On Triple Cylindrical Cell BatteriesIt is considered to be something of a necessity for competitiveness in terms of range.1 min read
car&bike Team | Oct 22, 2020Cruise, GM To Seek U.S. Okay For Self-Driving Vehicle Without Pedal, Steering WheelUnder current law, companies can seek an exemption from motor vehicle safety standards for up to 2,500 vehicles for up to two years that do not meet existing federal rules.1 min read
Sameer Contractor | Oct 21, 2020Hero Electric Nyx-HX Commercial Electric Scooter Launched With A Range Of 210 KmThe Hero Electric Nyx-HX e-scooter series has been designed for commercial applications and can be customised to suit different applications. The entry-level variants offer a range of 82 km on a single charge, which can be extended to 210 km on the higher variants of the e-scooter.1 min read
Auto Industry
Ameya Naik | Jun 27, 2021Uber CEO Makes Deliveries For Uber Eats In San Francisco; Twitteratis Slam It As A PR StuntWhile it was great to see the CEO of the company getting into the groove and making deliveries, Twitter absolutely erupted calling this a 'PR stunt'.1 min read
Reuters | Jun 27, 2021Toyota-Backed Self-Driving Startup Pony.ai Considers Going PublicThe startup, active in the United States and China, plans to install its technology in hundreds of vehicles next year, rising to tens of thousands in 2024-2025.1 min read
Reuters | Jun 27, 2021Oil Settles Up Near 3-Year Highs On Signs Of Demand GrowthData from Germany showed the largest upward leap in retail conditions since German reunification more than three decades ago, stoking expectations European fuel demand will recover.1 min read
Charanpreet Singh | Jun 27, 2021MG Motor India To Launch Second Electric Vehicle In Next 2 Years: ReportMG Motor India is likely to launch a new affordable electric vehicle in the country over the next two years, which would be priced under Rs. 20 lakh.1 min read
Sameer Contractor | Jun 27, 2021BharatBenz Introduces 'BSafe' Features On Bus Range To Prevent COVID-19 InfectionThe BharatBenz buses will get hands-free doors, sanitisers, and temperature sensors, which the company says will help revive the demand for passenger buses.1 min read
Reuters | Jun 27, 2021India Again Urges OPEC To Phase Out Oil Output CutsEarlier this year New Delhi repeatedly blamed oil output cuts by Saudi Arabia and other major producers for driving up crude prices as its economy tries to recover from the pandemic.1 min read
Charanpreet Singh | Jun 27, 2021Fuel Prices Hiked For Second Straight Day; Diesel Crosses Rs. 100/Litre Mark In AnuppurPetrol and diesel prices have touched all-time highs across the country. In Anuppur district of Madhya Pradesh, petrol and diesel have crossed Rs. 109-mark and Rs. 100-mark. Currently, petrol is priced at Rs. 109.29 a litre while diesel stood at Rs. 100.02 a litre.1 min read
Ameya Naik | Jun 27, 2021Local Motors And Protean Electric Extend Strategic Partnership For Adoption of Olli Electric Autonomous VehiclesUnder this significant new order, Protean Electric will deliver thousands of its ProteanDrive in-wheel motors (IWMs) to power Local Motors' Olli 2.0 electric autonomous shuttles, accelerating the rollout of the state-of-the-art vehicles around the world.1 min read
Charanpreet Singh | Jun 26, 2021FAME II Scheme For Electric Vehicles Extended Till March 2024The Indian government has decided to further extend the second phase of the FAME India scheme for two years till March 2024.1 min read