Auto Industry News

Mahindra First Choice Wheels Limited (MFCWL), the used car business of Mahindra and Mahindra, has launched 75 new franchise stores across India on a single day.

Refiners have ramped up production to 92.4% of operable capacity, the highest since late June, helping send U.S. crude inventories to the lowest since January 2020.

India, the world's fourth largest LNG importer, wants to raise the share of natural gas in its energy mix to 15% by 2030, from the current 6.2% to cut emissions.

Audi has announced that from 2026, it would only launch vehicles that are equipped with electric drive systems. Additionally, it will also gradually phase out the production of its internal combustion engines (ICE) between now and 2033.

India is open to discussing a change in tax rates on automobiles, the country's revenue secretary said on Wednesday, indicating receptiveness over negotiation on a long-standing request from automakers for lower taxes.

ReadyAssist, the roadside assistance (RSA) startup, has announced entering a partnership with DriveU, an app-based private driver service provider. Under the new partnership, customers using the DriveU will now be able to buy ReadyAssist's Roadside Assistance packages directly from the former's mobile application.

Addressing industry body SIAM's annual convention virtually, Gadkari said the government is committed to delivering vehicles with flex engines that give the users an option to run a vehicle on either 100 per cent petrol or 100 per cent bio-ethanol.

Speaking at SIAM''s 61st Annual Convention, the veteran industry leaders wondered if the contribution of the auto industry towards India's growth is being recognised.