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Auto Industry
Seshan Vijayraghvan
Aug 26, 2021, 11:18 PM
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.
1 Min
Reuters | Aug 26, 2021Oil Extends Rally, Rises Over 1% On U.S. Fuel Demand RecoveryRefiners 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 2020.1 min read
Reuters | Aug 26, 2021India's New LNG Plant Starts Next Year; To Boost Import Capacity By 12%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.1 min read
Seshan Vijayraghvan | Aug 26, 2021Audi To End Combustion Engine Production In 2033; All New Models From 2026 Will Be ElectricAudi 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 2033.1 min read
car&bike Team | Aug 26, 2021India Revenue Secretary Says Open To 'Tinkering' Tax Rates On AutomobilesIndia 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.1 min read
Seshan Vijayraghvan | Aug 26, 2021ReadyAssist Partners With DriveU To Offer Special Roadside Assistance Plan For WeekendsReadyAssist, 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.1 min read
PTI | Aug 26, 2021Gadkari Urges Vehicle Makers To Discourage Diesel Engines, Asks Them To Promote Alternative TechAddressing 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.1 min read
PTI | Aug 26, 2021Maruti's RC Bhargava, TVS Motor's Venu Srinivasan Call For "Concrete Action'' To Revive Auto SectorSpeaking 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.1 min read
Reuters | Aug 26, 2021U.S. Approves Licenses For Huawei To Buy Auto Chips: ReportPeople familiar with the application process told Reuters the U.S. has granted licenses authorizing suppliers to sell chips to Huawei for such vehicle components as video screens and sensors.1 min read
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