Auto Industry News

India's fuel demand is likely to rise by 9%-11% as the economy in India is "steered towards higher growth" after the easing of the second wave of COVID-19, Chief Executive Alois Virag said.

Diesel rates have increased for the second consecutive day and three times in the last four days taking up its retail price by 70 paise a litre.

The Toyota Yaris compact sedan has been discontinued in India effective from September 27, 2021. It's part of the company's new product strategy, under which the company will launch some new models in 2022.

Tesla Inc's Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of the July-September quarter, despite a global semiconductor shortage, two sources said.

India needs to add 2 million barrels per day (bpd) of refining capacity by 2030 to help its economic expansion, even as it takes steps to move to cleaner fuels, said the chairman of Indian Oil Corp (IOC), the country's top refiner.

By combining the benefits of super capacitors and traditional lithium-ion batteries, the new lithium-carbon technology enables a full charge to be delivered in a similar time to refuelling an internal combustion-powered vehicle.

As part of its ambitions to go completely leather-free, Volvo Cars is working actively to find high-quality and sustainable sources for many materials currently used in the wider car industry.

For the project, 30 students from different disciplines at the Academy, were split into five teams to holistically design a seamless mobility experience inspired by the vast American landscape.