Auto Industry
Reuters
Aug 30, 2022, 5:25 AM
Chennai Petroleum Corp Ltd said it has formed a joint venture with its parent company Indian Oil Corp and others to build a 9 MMTPA refinery at a cost of 315.80 billion rupees ($3.95 billion) in southern Tamil Nadu state.
1 Min
Reuters | Aug 30, 2022Indonesia To Shift $1.6 Billion Portion Of Fuel Subsidy Budget To Welfare ProgrammesIndonesia will reallocate 24.17 trillion rupiah ($1.62 billion), or nearly 5%, of its fuel subsidy budget to social spending, including cash handouts to 20.65 million households, its finance minister said.1 min read
Reuters | Aug 30, 2022In Poland, Where Coal Is King, Homeowners Queue For Days To Buy FuelIn Poland's late summer heat, dozens of cars and trucks line up at the Lubelski Wegiel Bogdanka coal mine, as householders fearful of winter shortages wait for days and nights to stock up on heating fuel in queues reminiscent of communist times.3 mins read
Reuters | Aug 30, 2022India's Reliance Unveils $9.4 Billion Plan To Boost Oil To ChemicalsReliance Industries Ltd, operator of the world's biggest refining complex, will invest 750 billion rupees ($9.38 billion) over 5 years to expand its oil to chemical business, its chairman Mukesh D Ambani said.2 mins read
Jaiveer Mehra | Aug 30, 20222022 Ducati Panigale V4, V4 S, V4 SP2 Launched In India; Prices Start At Rs 26.49 LakhThe 2022 Panigale range gets a number of updates over the 2021 bike including changes to the engine and a new gearbox.2 mins read
Reuters | Aug 29, 2022Factbox-Automakers Accelerate Drive To Secure Battery Raw MaterialsRising demand for EV around the world is encouraging automakers such as Tesla, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for making batteries.4 mins read
Reuters | Aug 29, 2022China's CATL To Develop New Battery Materials To Improve Energy Density - ReportCATL is working on new battery materials that can improve energy density by 10% to 20% compared to iron phosphate batteries.1 min read
Reuters | Aug 29, 2022Ford Cuts 3,000 Jobs As It Pivots To EVs, SoftwareFord will cut a total of 3,000 jobs, mostly in North America and India, as it restructures to catch up with Tesla.2 mins read
Reuters | Aug 29, 2022Xiaomi In Talks With BAIC To Produce Electric Cars - ReportXiaomi is eyeing an electric vehicle (EV) production tie-up with Beijing Automotive Group Co (BAIC).2 mins read
