Auto Industry News

Tata Motors Plans to manufacture 2 lakh EVs annually at the Sanand plant by the year 2026.

Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.

Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.

India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine.

India's crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world's third-largest oil importer after COVID-19 curbs were eased.

Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.

The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc

South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018