Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.
The upward revision will see the auto-rickshaw fare increase by Rs. 5, while the per kilometre charge for AC and non-AC taxis have gone up by Rs. 4 and Rs. 3 respectively.
The Wuling MINI, the micro EV from GM's China joint venture, is heading a trend towards a new segment of EVs in China following changes to government subsidies - smaller vehicles with less range between charges, but a super-cheap price tag.
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles and cut down its dependence on oil, according to a government proposal seen by Reuters.
Kia India has released the monthly sales numbers for May 2021, registering domestic sales of 11,050 units. Compared to the 16,111 vehicles sold in April 2021, the South Korean carmaker has witnessed a Month-on-Month (MoM) decline of 31 per cent.
Hyundai recorded triple-digit YoY sales growth in May 2021 which is essentially attributed a low base last year due to the nationwide lockdown last year in a bid to control the spread of coronavirus.
Maruti Suzuki India has released the monthly sales numbers for May 2021, registering total sales of 46,555 units. The decline in numbers is a direct result of the second wave of the covid-19 pandemic and near-total lockdown imposed by several states.
Mahindra sold 8004 vehicles in the domestic market in May 2021, witnessing a month-on-month decline of 56 per cent over April 2021 as sales were disrupted due to the Covid-19 lockdown restrictions.
Toyota Kirloskar Motor (TKM) has released the monthly sales numbers for May 2021, during which the company's total sales stood at 707 units. The carmaker witnessed a massive decline in production and sales due to the challenges caused by the second wave of the coronavirus pandemic and the near-total lockdown in several states including the company's home state, Karnataka.
Malaysian Prime Minister Muhyiddin Yassin on Friday announced a "total lockdown" from June 1 to 14 in a bid to contain a recent surge in coronavirus infections.
