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Dec 31, 2022, 11:58 AM
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.
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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, 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 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 | Jun 3, 2023Tata Group, Gujarat Government Sign MoU For Lithium-Ion Cell Manufacturing PlantThe plant will initially have a 20-gigawatt-hour capacity and will be set up at an investment of Rs 13,000 crore.1 min read
Sidharth Nambiar | Jun 3, 2023Volkswagen ID Buzz Long-Wheelbase Revealed; Gets A Third Row Of SeatsLong-wheelbase ID Buzz is 250 mm longer and gets a third row of seats2 mins read
car&bike Team | Jun 3, 2023Citroen Launches Made-in-India C3 in South AfricaThe Citroen C3 in South Africa is available solely in the Feel trim with a naturally aspirated 1.2-litre petrol engine.1 min read
Jaiveer Mehra | Jun 2, 2023Auto Sales May 2023: Honda Cars India Sales Down 43% Year-On-YearThe carmaker’s India sales fell to 4,660 units as compared to 8,188 units in May 2022; Honda currently only offers two models in India.1 min read
Jaiveer Mehra | Jun 2, 2023Tata Nexon EV Max XZ+ Lux Gets Upgraded 10.25-inch TouchscreenRange-topping variant of the Nexon EV Max now equipped with a new 10.25-inch touchscreen, voice assistant and more.2 mins read
Electric Mobility
Sahil Gupta | Oct 23, 2020Tesla Crushes Q3 2020 Earnings With $800 Million ProfitImportantly for Tesla, this means it has even more cash on hand. It has $14.5 billion in cash1 min read
car&bike Team | Oct 23, 2020Tesla Fires The Man Behind Its GigaFactoriesHoretsky joined the world's most valuable automative company in 2015 to setup its first Nevada Gigafactory project.1 min read- car&bike Team | Oct 23, 2020Tesla Being Courted To Invest By Multiple States In IndiaMany Indian states are now courting Tesla as it prepares to scale factories and production beyond China, Europe and the US.1 min read
Reuters | Oct 23, 2020Auto Start-ups Chasing Tesla Race Past Red Flags To Go PublicLining up on the success of Tesla, the new EV-related start-ups want to go public but few have products ready to sell or any likelihood of generating significant revenue anytime soon.1 min read
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
Auto Industry
Seshan Vijayraghvan | Jul 1, 2021Car Sales June 2021: Maruti Suzuki's Total Sales Reach 147,368 Units As Lockdown Eases In IndiaMaruti 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.3 mins read
Ameya Naik | Jul 1, 2021Auto Sales June 2021: Toyota Sells 8801 Units As Lockdown Eases Across IndiaThe 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.1 min read
Shubham Parashar | Jul 1, 2021CredR Bags Rs. 48.1 Crore Funding From Yamaha Motors And Other InvestorsBangalore-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.1 min read
Charanpreet Singh | Jul 1, 202120% Of Mercedes-Benz India's Sales Come From Online Platform: Santosh IyerMercedes-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.1 min read
Seshan Vijayraghvan | Jun 30, 2021Lexus India Launches 'Lexus Life' Ownership Programme; Enters Used Car Business With 'Lexus Pre-Owned'Lexus India today announced the launch of 'Lexus Life', a special ownership program for its buyers in the country.1 min read
Shubham Parashar | Jun 29, 2021Hyundai Motor India Achieves 10 Million Production MilestoneThe 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.2 mins read
Seshan Vijayraghvan | Jun 30, 2021Logistics Company Cogos To Add 2500 EVs To Its Fleet Over Next 24 MonthsBengaluru-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.1 min read
car&bike Team | Jun 30, 2021Tata Motors Bags Order For 15 Hydrogen Fuel Cell Powered Buses From IOCLIn 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.1 min read
car&bike Team | Jun 30, 2021Chinese EV Maker Xpeng To Raise $1.8 Billion In Hong Kong Listing: ReportChinese 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.1 min read