Auto Industry News
India's Top Bikemaker Hero Launches E-Scooter To Chase Startups
Like some other legacy automakers in India, Hero has been a laggard in launching electric two-wheelers, giving startups such as Ather Energy, which is backed by Tiger Global, and Softbank Group-backed Ola Electric a first-mover advantage.
Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In China
Nov 30, 2022 10:04 PM
Led by current Renault China CEO Soh Weiming and backed by Renault and Dongfeng Motor, two-year-old Beyonca plans to unveil its first production car in the first quarter of next year with deliveries from 2024, Soh told Reuters.
Musk Says Pepsi To Receive Tesla's First Semi Trucks In December
Nov 30, 2022 10:04 PM
Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.
Stellantis Jeep Joint Venture In China To File For Bankruptcy
Nov 30, 2022 10:03 PM
Stellantis said in a statement it had fully impaired the value of its investment in the joint venture in its results for the first half of 2022. It also said it would continue to provide service to Jeep customers in China.
S. Korea Braces For Supply Disruptions As Trucker Strike Looms
Nov 30, 2022 10:03 PM
Land Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.
India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen Says
Nov 30, 2022 10:00 PM
The United States is happy for India to continue buying as much Russian oil as it wants, including at prices above a G7-imposed price cap mechanism, if it steers clear of Western insurance, finance and maritime services bound by the cap.
India Sends More Vacuum Gasoil To The U.S. As The West Shuns Russian Oil
Nov 30, 2022 10:00 PM
India stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.
India's Iraqi Oil Imports Fall To Lowest In 20 Months - Report
Nov 30, 2022 09:59 PM
India's oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy discounted Russian barrels and boosted purchases of West African crude.
India's IOC Buys Nov Sokol Cargo At Near Parity To Dubai Benchmark - Report
Nov 30, 2022 09:59 PM
Indian Oil Corp has purchased a cargo of Russia's Sokol oil for November delivery thorough a spot deal with a trading firm.
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