Auto Industry
car&bike Team
Apr 16, 2022, 2:01 AM
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
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car&bike Team | Apr 16, 2022Indian Oil Corporation Buys 7 Million Barrels Of Crude Via Tenders - ReportIndian Oil Corp, the country's top refiner, has purchased a total of 7 million barrels of crude via tenders for May and June loading1 min read
car&bike Team | Apr 16, 2022Honda To Spend $64 Billion On R&D As It Revs Up Electric AmbitionsJapan's Honda Motor Co Ltd plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.1 min read
car&bike Team | Apr 15, 2022Tata Motors To Manufacture 2 Lakh EVs Annually At Ford's Sanand Plant: ReportThe report further states that Tata Motors intends to invest an additional Rs 2,000 crore and wants to achieve this 2 lakh EVs manufacturing milestone by 2026.1 min read
car&bike Team | Apr 15, 2022Goldman Sachs, Morgan Stanley To Lead Intel's Mobileye IPO - ReportThe stock market flotation could value Mobileye at as much as $50 billion.1 min read
car&bike Team | Apr 15, 2022BMW CEO Warns Against Electric-Only StrategyBMW CEO Oliver Zipse said that there is still a market for combustion engine cars and that manufacturers should not focus solely on EV technology.1 min read
car&bike Team | Apr 15, 2022India's Mandatory Airbag Proposal Will Hurt Sales, Says Maruti Chairman RC BhargavaMaruti Suzuki India's Chairman, R.C. Bhargava has said that the Government of India's plan to make six airbags mandatory in passenger vehicles will make cars more expensive and drive out a chunk of potential buyers.1 min read
car&bike Team | Apr 15, 2022Musk's Twitter Play Sparks Concerns About Distraction, Stock Sales At TeslaThe idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet another company has Tesla observers worried. Elon Musk targeted Twitter Inc on Thursday with a $43 billion takeover offer.1 min read
car&bike Team | Apr 15, 2022Subaru Suspends Shipment Of Some Models Over Engine Sensor MalfunctionJapan's Subaru Corp has suspended shipment of some of its three main automobile models over an engine sensor malfunction and also plans to temporarily halt production of the models, the company said on Friday.1 min read
