Auto Industry News

Government To Formulate New Policy On Road Speed Limits, Vehicle Horns: Report
A committee reportedly set to comprise of representatives from the Centre and States will lay out new norms for speed limits and more.

Rear Seat Belt Alarms In Cars To Be Made Mandatory, Announcement Likely This Week
Sep 20, 2022 04:24 PM
The Ministry of Road Transport and Highways of India (MoRTH) recently announced that a new notification would be drafted to make it mandatory for car makers to install an alarm system for rear seat belts to enforce its use.

The G7's Price Cap On Russian Oil Begins To Take Shape
Sep 20, 2022 02:24 AM
The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Lebanon Central Bank Stops Providing Dollars For Gasoline Imports
Sep 20, 2022 02:21 AM
Lebanon's central bank said it has entirely ceased providing dollars for gasoline imports in a move that will likely lead to higher and more volatile prices as well as increased pressure on the local currency which has been steadily losing value.
Most Twitter Shareholders Vote In Favor Of Sale To Musk - Sources
Sep 20, 2022 02:17 AM
A majority of Twitter Inc's shareholders have voted in favor of the social media company's $44 billion sale to Elon Musk, people familiar with the tally said.

Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Sep 20, 2022 02:14 AM
U.S. power chip maker Wolfspeed Inc said it will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles as demand surges.

Election-Time Brazil Gasoline Tax Cut To Lead Mills To Shun Ethanol
Sep 20, 2022 02:11 AM
Brazilian President Jair Bolsonaro's move to sharply cut taxes on fuels, particularly gasoline, to boost his reelection chances has squeezed ethanol's profit margins and is expected to lead mills to shun the biofuel and focus strongly on sugar.

Tata Motors Launches New Synthetic Engine Oil For Commercial Vehicles
Sep 19, 2022 08:35 PM
Tata Motors says that the new 5W30 synthetic engine oil has been extensively tested in varied and stringent conditions for over three years.

Planning To Buy A Used KTM 390 Duke? Here Are Some Pros And Cons
Sep 19, 2022 08:30 PM
Planning to buy a used KTM 390 Duke? You can get a few years older model for around Rs. 1 lakh to Rs. 2.5 lakh, depending on its condition. But before you start looking for one, here are some pros and cons you must consider.

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