Auto Industry
Reuters
Oct 20, 2022, 10:36 PM
OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to 2% of global supply - was necessary to respond to rising interest rates in the West and a weaker global economy.
3 Min
Sameer Contractor | Oct 20, 2022Delhi De-registered Over 50 Lakh Old Vehicles In 2022: ReportThe Delhi Transport body de-registered over 53 lakh vehicles between 2018 and October 2022. These vehicles had reached their respective end of life and as per norms, diesel vehicles have a 10-year age limit while petrol vehicles have a 15-year age limit in the national capital.2 mins read
Reuters | Oct 20, 2022Oil Rises To 3-Week Highs As OPEC+ Agrees To Deep Cuts, U.S. Stockpiles FallPrices also rose on U.S. government data that showed crude and fuel inventories fell last week.2 mins read
Reuters | Oct 20, 2022India To Pitch For Global Biofuels Alliance At G20 - ReportIndia, also the world's third-biggest oil importer, ships in about 85% of its crude needs, but is gradually building capacity to increase its output of biofuels.1 min read
car&bike Team | Oct 20, 2022Omega Seiki Mobility Signs MoU With CABT Logistics For Last Mile ConnectivityOmega Seiki Mobility has signed and MoU with Creativity At Best Technologies (CABT) for deploying 500 EVs for last mile connectivity.1 min read
Seshan Vijayraghvan | Nov 8, 2022New Volvo EX90 Electric SUV Teaser Gives Us A Glimpse Of Its Sustainable InteriorThe Volvo EX90, the upcoming all-electric flagship SUV, will be unveiled on November 9. Volvo says that with this new EV, it wants to take sustainability to the next level and the key qualities that its designers focused on were simplicity, well-being and natural sources.3 mins read
Shubham Parashar | Oct 20, 2022Karnataka Government Mandates Wearing Seatbelts In Passenger Vehicles; Offenders To Be FinedFirst time offenders in Karnataka will have to pay a fine of Rs. 1,000 while second time or frequent offenders in the state will be charged Rs. 2,000 for the same.2 mins read
Reuters | Oct 20, 2022Tesla Flags Its Cars Not Ready To Be Approved As Fully Self-Driving This YearMusk told a post-earnings call that all full self-driving users in North America will get an Autopilot feature at the end of the year, adding that while its cars are not ready to have no one behind the wheel, drivers would rarely have to touch the controls.2 mins read
Reuters | Oct 20, 2022India To Examine Russia Oil Price Cap; Its Refiners Line Up Dec Crude BuysThe price cap plan calls for G7 countries to deny insurance, finance, brokering, navigation and other services to oil cargoes priced above a yet-to-be-determined price cap on crude and oil products.2 mins read
