Auto Industry News

Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time - Report
Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, roughly double projected revenues for fiscal year 2023.

Iran Ready To Deliver Oil To India, Says Ambassador - Report
Nov 26, 2022 10:27 PM
Iran's ambassador to India Iraj Elahi said Iran wants to sell oil to India and is ready to deliver it.

GAIL India's Profit Tumbles On Supply Cut From Former Gazprom Unit
Nov 26, 2022 10:27 PM
GAIL (India) Ltd reported a bigger-than-expected 46.3% fall in quarterly profit, hit by low gas sales due to supply disruptions from a former unit of Russian energy giant Gazprom.

India Raises Ethanol Purchase Prices For State-Run Fuel Retailers
Nov 26, 2022 10:27 PM
Indian government has fixed a price of up to 65.61 rupees for purchase of ethanol from sugar mills as the nation wants to boost blending with gasoline.

JK Tyre Reports 23% Fall In Quarterly Profit On Higher Costs
Nov 26, 2022 10:26 PM
JK Tyre and Industries Ltd posted a 23% fall in its second-quarter profit on Tuesday, hurt by higher input costs.

Festive Demand Drives Up Indian State Refiners Gasoil Sales In October
Nov 26, 2022 10:26 PM
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.

Hivemapper Starts Issuing Crypto Tokens For Vehicle Dashcam Footage
Nov 26, 2022 10:26 PM
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 Says Talks With Renault Focused On Better Competing In Electric Cars
Nov 26, 2022 10:26 PM
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.

Canoo To Build Battery Manufacturing Facility In Oklahoma
Nov 26, 2022 10:26 PM
The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said.

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