Auto Industry News
Ola’s Senior Director of Talent Acquisition Resigns, Company Likely to Retrench Over 700 Employees – Report
As per the report, the company could also retrench employees in the coming days as it refocuses on EV business and improve cash flow.
S.Korea's LG Energy Solution To Supply Batteries To India's Mahindra - Report
Jul 11, 2022 07:40 PM
The batteries will power the Indian automaker's XUV400 SUVs.
Mercedes-Benz Expects Supply Chain Constraints To Continue In 2022
Jul 11, 2022 04:44 PM
Mercedes-Benz CEO Martin Schwenk said that the company was still dealing with semiconductor shortage and supply chain constraints.
Oil Falls On Recession Jitters, China COVID Curbs
Jul 11, 2022 02:50 PM
Brent crude futures fell 82 cents or 0.8% while U.S. WTI crude futures declined by $1.04, or 1% after both posted gains of around 2% last Friday.
Mahindra Aims To Lead Electric SUV Sales In India With New EV Unit
Jul 11, 2022 02:21 PM
India's EV market, dominated by Tata Motors, represents only 1% of the country's annual sales of about 3 million vehicles. The government wants this to grow to 30% by 2030.
Mahindra Open To Investing In EV Battery Cell Maker To Secure Supplies - CEO
Jul 11, 2022 02:29 AM
Mahindra could consider investing in a battery-cell company to meet future electrification needs.
Tata Motors Raises Passenger Vehicle Prices
Jul 11, 2022 01:30 AM
Indian carmaker Tata Motors raised the price of its passenger vehicles on Saturday as input prices continue to increase.
Oil Rises 2% But Posts Weekly Loss On Recession Fears
Jul 10, 2022 06:08 PM
Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.
India's June Fuel Demand Rises 17.9% Year-On-Year
Jul 10, 2022 05:27 PM
India's fuel consumption in June rose by 17.9% from a year earlier.
Upcoming Launches
