Auto Industry

Reuters

Jul 27, 2022, 3:35 PM

Germany To Reduce Electric Car Subsidies In 2023

Sources suggest that the incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years' budget is spent

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  Reuters | Jul 27, 2022

  S.Korea's LGES Looking For EV Battery Plant Sites In Europe, Asia Ex-China

  The South Korean company also said it was still reviewing its 1.7 trillion won ($1.29 billion) investment for a battery plant in the U.S. state of Arizona

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  Reuters | Jul 27, 2022

  VW Begins U.S. Production Of EV Compact SUV In Tennessee

  The German automaker said it plans to deliver ID.4 SUVs produced in Tennessee as early as October and will ramp up production to 7,000 cars per month by the end of 2022.

  1 min read
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  Reuters | Jul 26, 2022

  Indonesia Says Mitsubishi Motors To Invest About $667 Million Over Next 3 Years

  Indonesia's chief economics minister in a statement said the Japanese company had invested 11.3 trillion rupiah up to 2021 and was planning to expand its production in the Southeast Asian country.

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  Reuters | Jul 26, 2022

  Crisis-Hit Sri Lanka Woos Foreign Oil Firms Amid Fuel Shortages

  Sri Lanka canvassed oil companies in petroleum-producing nations on Tuesday to import and sell their products in the Indian Ocean island, opening its market to resolve acute shortages of fuel during its worst economic crisis in decades.

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  Reuters | Jul 26, 2022

  India's June Crude Oil Imports Up On Demand Recovery, Russian Discounts

  India's crude oil imports in June rose nearly 21% year on year helped by a steady increase in consumption.

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  Seshan Vijayraghvan | Jul 26, 2022

  Planning To Buy A Used Hyundai Venue? Here Are Things You Need To Consider First

  If you are planning to buy the Hyundai Venue, but on a tighter budget, then we would suggest looking for a pre-owned one. But before you start looking for one, here are some pros and cons you much know about.

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  Jaiveer Mehra | Jul 26, 2022

  Volvo XC40 Recharge vs Rivals: Price Comparison

  Volvo’s electric SUV goes up against the likes of the Kia EV6 in the Indian market.

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  Preetam Bora | Jul 26, 2022

  Bajaj Auto Q1 FY 2023 Results: Net Profit Grows 11 Per Cent

  In the first quarter of the current financial year, Bajaj Auto recorded net profit of Rs. 1,173 crore, but in the previous quarter (Q4 FY 2022), the company recorded net profit of Rs. 1,469 crore.

  2 mins read