Auto Industry News

In a regulatory filing with the Bombay Stock Exchange (BSE), Mahindra & Mahindra announced that it has recalled around 600 vehicles manufactured at Nashik facility over suspicion of premature wear of engine parts due to contaminated fuel.

Oil prices in the global market this month hit their highest level in more than two years as the global economy recovers from the COVID-19 pandemic. However, prices fell on Monday after OPEC and other key producing countries agreed on Sunday to increase oil supply from August to cool prices.

The state government will subsidise the upfront cost of electric vehicles (EVs) for early adopters by reimbursing the state goods and service tax (SGST) and extending a one-time incentive, depending upon the battery capacity of the EV sold.

One of the biggest business conglomerates in India, the Tatas, are in talks with the West Bengal government over big ticket investments in the state.

The automaker plans an all-electric compact model to be made available for around 1.5 million yen ($13,626) after government subsidies are taken into account.

The company has already sold 5600 units of the Alcazar in the country and it plans to ramp up production based on the demand.

US Army Special Forces veteran Michael Taylor has been sentenced to two years imprisonment, while his son Peter is sentenced to one year and eight months for helping former Nissan Motor Co. Ltd. Chairman Carlos Ghosn flee to Lebanon in 2019.

Tesla is offering customers the option to subscribe to its advanced driver assistance software, dubbed "Full Self-Driving capability", for $199 per month, instead of paying $10,000 upfront.