Auto Industry

Jaiveer Mehra

Dec 19, 2022, 5:53 PM

Audi Activesphere Concept Debut On January 26; Teased Again

New teaser provides a top-down view of the vehicle revealing new details such as a glass roof, stylised rear deck and red upholstered seats.

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  Reuters | Dec 18, 2022

  Russian Oil Sold To India Below Price Cap In Buyers' Market

  The European Union ban on imports of Russia's seaborne oil from Dec. 5 has driven Moscow to seek alternative markets, mainly in Asia, for about 1 million barrels per day.

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  Reuters | Dec 18, 2022

  India May Split Planned Mega Refinery To Various Sites - Report

  Aramco and ADNOC joined a consortium of Indian state-run firms in 2018 to set up a 1.2 million barrels-per-day coastal refinery and petrochemical plant in western Maharashtra, seeking a reliable outlet for their oil.

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  Reuters | Dec 18, 2022

  India Cuts Windfall Tax On Crude, Aviation Fuel

  It cut the tax on locally produced crude oil steeply to 1,700 rupees ($20.52) per tonne from 4,900 rupees, effective Friday

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  Reuters | Dec 18, 2022

  Kremlin Says It Is Finalising Last Details Of Response To Oil Price Cap

  Moscow has repeatedly said it will not sell oil to countries that comply with the cap

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  Reuters | Dec 18, 2022

  Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports

  Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

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  Reuters | Dec 18, 2022

  Battery Maker Envision AESC Seeking Potential Investors To Fund Expansion

  Japan-based Envision Automotive Energy Supply Corporation (AESC) is also in talks with automakers in Japan, Europe, the United States and China for new supply deals, its chief executive Shoichi Matsumoto told Reuters.

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  Reuters | Dec 18, 2022

  U.S., EU Launch Formal Group To Discuss Conflict Over EV Subsidies

  The talks come as auto manufacturers from Stuttgart to Seoul have been angered by Biden's $430 billion "Inflation Reduction Act", enacted in August and aimed at rolling back climate change and making Washington a world leader in the EV market.

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  Reuters | Dec 18, 2022

  India Preparing To Launch 20% Ethanol With Gasoline - Report

  India currently mixes 10% ethanol with gasoline

  1 min read