Auto Industry News

Twitter Inc dismissed Elon Musk's claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was "implausible and contrary to fact."

Tesla Inc shareholders voted for board recommendations on most issues at the company's annual meeting, including re-electing directors, approving a stock split, while rejecting proposals focused on environment and governance.

Mahindra and Mahindra Ltd reported a sharp jump in first-quarter net profit on improved demand for the Indian automaker's passenger vehicles and tractors.

President Joe Biden next Tuesday will sign a bill to subsidize the U.S. semiconductor industry and boost efforts to make the United States more competitive with China, the White House said.

Oil prices rose slightly, bouncing off their lowest levels since February, as concern over supply shortages was countered by expected declines in fuel demand.

Italy is close to clinching a deal initially worth $5 billion with Intel to build an advanced semiconductor packaging and assembly plant in the country, two sources briefed on discussions told Reuters.

The company has said that it has received 1.40 lakh open bookings for its SUV portfolio, however, add the 1 lakh bookings that the Scorpio-N received in 30 minutes, then the tally goes up to 2.40 lakh.

On the side lines of the global ride of the Royal Enfield Hunter 350, Eicher Motors MD, Siddhartha Lal said that the first electric motorcycle from Royal Enfield is about four years away.