Auto Industry

Reuters

Nov 30, 2022, 6:18 PM

Indian Tyre Maker MRF Misses September Quarter Profit Estimates As Input Costs Weigh: Report

Standalone net profit from continuing operations fell 32.4% to 1.24 billion rupees ($15.14 million) for the three months ended Sept. 30, from 1.83 billion rupees a year earlier, MRF said in an exchange filing.

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  Reuters | Nov 30, 2022

  Oil Prices Plunge 3% On U.S. Inventory Build, China COVID Worries

  U.S. crude in storage jumped by 3.9 million barrels last week to 440.8 million barrels as oil production increased to about 12.1 million barrels a day

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  Seshan Vijayraghvan | Nov 30, 2022

  Mahindra Recalls Over 19,000 Units Of XUV700 And Scorpio-N

  Mahindra will be inspecting the rubber bellow inside bell housing on a batch of 6618 units of Scorpio-N and a batch of 12,566 units of XUV700. The recall is only for the manual transmission models manufactured between July 1 and November 11, 2022.

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  Reuters | Nov 30, 2022

  Indian Oil Offers First Diesel Export Since Mid-Sept - Report

  Indian Oil Corp has offered one diesel cargo to be loaded in early December

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  Reuters | Nov 30, 2022

  Oil Falls As Druzhba Pipeline Reopens, China COVID Worries Stay At The Fore

  The market gave up early gains after Hungarian Foreign Minister Peter Szijjarto said that flows through the Druzhba oil pipeline from Russia had resumed following a brief outage.

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  Reuters | Nov 30, 2022

  Russia Price Cap Could Threaten India's Oil Supplies: Report

  n 2021, India was the world’s third-largest crude importer (214 million tonnes) after China (526 million tonnes) and the United States (305 million tonnes) (“Statistical review of world energy”, BP, 2022).

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  car&bike Team | Nov 30, 2022

  Auto i Care To Enter e-Scooter Market With New Kick EV Brand

  The roadside assistance firm also teased the first model from the new electric two-wheeler brand with a debut expected in the coming months.

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  Reuters | Nov 29, 2022

  India Panel To Favour Linking Local Gas Prices To Local Crude Basket - Report

  The panel is expected to recommend a floor of about $4 per million British thermal units (mmBtu) and a ceiling of $6.50/mmBtu

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  Reuters | Nov 29, 2022

  COP27 Climate Summit Missed Chance For Ambition On Fossil Fuels, Critics Say

  Egyptian officials have said their priority was to provide a conducive atmosphere for negotiations and act as a neutral mediator. The presidency denied that fossil fuel producers had been given sympathetic treatment.

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