Auto Industry News

Hungary has held up the EU's sixth package of sanctions against Russia over its invasion of Ukraine, It says halting Russian oil imports would be a body blow to its economy because the landlocked country cannot easily get oil from elsewhere.

India has tried to balance its ties with Russia and the West but unlike other members of the Quad countries - the United States, Japan and Australia - it has not imposed sanctions on Russia.

The supply crunch could accelerate the plans of some legacy auto firms to switch to a new generation of lighter, machine-made harnesses designed for electric vehicles, according to interviews with more than a dozen industry players and experts.

India's retail inflation likely rose to an 18-month high in April, largely driven by rising fuel and food prices as per a Reuters poll.

The assessment by the Paris-based agency suggests the economic impact from further sanctions on Russian energy mulled by the European Union could be limited.

Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.

Mahindra to launch long-awaited electric sub-compact SUV early next year.

Transport Canada said following a May 20 2021 Tesla Model Y fire in Vancouver that it had its contracted collision and defect investigation team "locate and secure the vehicle."