Auto Industry
Reuters
Nov 30, 2022, 10:05 PM
RattanIndia, whose shares soared 10% in morning trade, did not disclose the size of the deal. It's buying the stake in Revolt Motors at a time when eco-conscious consumers are turning to alternatives to conventional vehicles.
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Reuters | Nov 30, 2022India's Top Bikemaker Hero Launches E-Scooter To Chase StartupsLike 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.1 min read
Reuters | Nov 30, 2022Renault-Backed Beyonca EV Venture Touts Health Monitoring, Targets Audi In ChinaLed 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.2 mins read
Reuters | Nov 30, 2022Musk Says Pepsi To Receive Tesla's First Semi Trucks In DecemberTesla 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.1 min read
Reuters | Nov 30, 2022Stellantis Jeep Joint Venture In China To File For BankruptcyStellantis 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.3 mins read
Reuters | Nov 30, 2022S. Korea Braces For Supply Disruptions As Trucker Strike LoomsLand Minister Won Hee-ryong said that the government would consider deploying military trucks to areas needed for urgent transport.2 mins read
Reuters | Nov 30, 2022India Can Buy As Much Russian Oil As It Wants, Outside Price Cap, Yellen SaysThe 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.3 mins read
Reuters | Nov 30, 2022India Sends More Vacuum Gasoil To The U.S. As The West Shuns Russian OilIndia stepped up vacuum gasoil exports to the United States this year in an unusual trade flow for the oil product.2 mins read
Reuters | Nov 30, 2022India's Iraqi Oil Imports Fall To Lowest In 20 Months - ReportIndia'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.2 mins read
