Auto Industry News
India's Future Crude Oil Supplies Will Mostly Come From Gulf -Oil Minister
India's minister of petroleum and natural gas, Hardeep Singh Puri, said most of his country's crude oil supplies in the near future will come from the Gulf countries, including Saudi Arabia and Iraq, as it seeks a secure and affordable energy base.
Yulu Secures Rs 653 Crore Funding For Electric Mobility And Battery Swapping Businesses
Sep 12, 2022 05:10 PM
Company to set-up a new Yulu Energy vertical to look into expansion of battery charging and swapping network in India
India Aims To Finalise Six-Airbags Rule By Year-End To Beef Up Road Safety
Sep 11, 2022 03:54 PM
India's road transport minister expects to finalise rules for all cars to have six airbags by the end of the current fiscal year, as part of a series of steps to improve safety in a country that has the world's deadliest roads.
Protests Across Indonesia As Anger Mounts Over Fuel Price Increase
Sep 11, 2022 03:50 PM
Thousands of people rallied in Indonesia's biggest cities, demanding the government reverse its first subsidised fuel price increase in eight years amid soaring inflation.
India Plans To Mandate Rear Seat Belt Alarms In Cars After Tycoon Dies In Crash
Sep 11, 2022 03:47 PM
India is planning to make it mandatory for car makers to install an alarm system for rear seat belts to enforce their use, in an effort to reduce road accident fatalities.
Tesla Considering Lithium Refinery In Texas, Seeks Tax Relief
Sep 11, 2022 03:42 PM
Tesla is considering setting up a lithium refinery on the gulf coast of Texas, as it looks to secure supply of the key component used in batteries amid surging demand for electric vehicles.
Oil Sinks As Demand Fears Take Steam Out Of OPEC-Led Rally
Sep 11, 2022 03:31 PM
Oil prices fell as concern returned about the prospect of more interest rate hikes and COVID-19 lockdowns weakening fuel demand, reversing a two-day rally on OPEC+'s first output target cut since 2020.
Oil Edges Up From Seven-Month Low As Russia Threatens Export Halt
Sep 10, 2022 10:53 PM
Crude prices edged up about 1% after dropping to a seven-month low in the prior session as some technical traders bought the dip and Russia threatened to halt oil and gas exports to some buyers.
Chasing Green Goals, Corporations Push Car Fleet Managers Toward EVs
Sep 10, 2022 10:35 PM
Large corporations are jumping on the "green" bandwagon left and right, which in turn is pushing firms that lease and manage car fleets to convert to electric vehicles (EVs) faster than they had ever thought possible.
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