Auto Industry News

Junior oil minister says that there is no proposal under consideration for purchase of Russian oil in Indian rupees

Chinese chipmaker Semiconductor Manufacturing International Corporation said operations remain normal at its Shanghai factories, state media outlet China Securities Journal reported on Monday.

Paris-based watchdog says buyer reluctance and sanctions on Russian crude could drive up inflation and undercut economic recovery

China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, "imminently" and open sales centres in 15 major cities across the country. Liu

Vitesco has received an order worth around 2 billion euros ($2.20 billion) to produce a component for electric vehicles (EVs), Chief Executive Andreas Wolf said on Friday, without naming the client.

Tesla's shares rose nearly 4% to $1,049.05 in trading before the bell. The stock split, if approved, would be the company's latest after a five-for-one split in August 2020 to make owning the stock easier for its employees and investors.

Demand for fuel in first half of March grew 24 percent over March 2019

February crude oil imports decreased by about 8.6 per cent from the previous month and were 5.7 per cent lower than pre-pandemic levels in the same month two years ago.