Auto Industry News

While petrol has become dearer by up to 39 paise, diesel has remained unchanged on Monday. With the latest hike, petrol has inched towards Rs. 100 per litre mark in Delhi and Kolkata.

Nissan cast its backing for the 9 gigawatt-hour (GWh) plant as illustrative of a rejuvenation of Britain's automotive industry, which has for five years grappled with the fear that Brexit could cut off the rest of the European market.

The techniques, which involve retrieving parts of the battery so they can be reused, would help the auto industry tackle criticism that even though EVs reduce emissions over their lifetime, they start out with a heavy carbon footprint of mined materials.

The deal comes at a time the chip industry has been dealing with a global shortage of semiconductors that has shuttered some auto production lines and its impact has been felt in other areas, including consumer electronics.

For its next generation of cars, Volvo Cars is now looking towards processing data from customer cars in real time, if customers choose to share data and help Volvo Cars make its cars safer.

Shell has notified Exxon of its plans to exit the venture, the people said, speaking on the condition of anonymity as the talks are private. A Shell spokesperson declined to comment, citing company policy.

With the latest hike, diesel has breached Rs. 100-mark in Madhya Pradesh's Rewa district, currently standing at Rs. 100.18 a litre while petrol has touched Rs. 110.01 per litre.

Higher vehicle prices have boosted profitability for automakers, who have also increased investments in EV production.