Auto Industry News

JK Tyre and Industries Ltd posted a 23% fall in its second-quarter profit on Tuesday, hurt by higher input costs.

Indian state fuel retailers' diesel sale in October surged from the previous month, indicating a pick up in industrial activity during the peak festive season.

Drivers around the world can generate cryptocurrency by installing a dashcam and sharing images with a San Francisco startup that aims to nab some buyers of street-level imagery away from Alphabet Inc's Google.

Nissan's CEO said the company's talks with Renault are focused on optimising their investment in electric vehicles and strengthening their competitiveness as equal partners.

The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said.

With the notable exception of Sweden's Northvolt, some startups hoping to build so-called gigafactories to compete with the Asian behemoths are going for smaller plants, with the aim of attracting more investment further down the line.

India's Ministry of Corporate Affairs started the probe after an analysis of MG Motor India's statements indicated suspicious related-party transactions, alleged tax evasion, under- and over-invoicing of bills. MG Motor India said it is providing the required records and information to the MCA.

The new Innova Hycross will sit above the current Innova Crysta with a launch set to take place early next year.