Auto Industry News
S.Korea's LG Energy Solution To Supply Batteries To India's Mahindra - Report
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.
Why India Ramped Up Russian Oil imports, Easing Pressure On Moscow
Jul 10, 2022 04:53 PM
Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression.
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