Auto Industry News
Oil Surges To Multi-Year Highs As Russian Supply Shortfall Looms
Oil surged on Friday, ending the week at multi-year highs as Russia's invasion of Ukraine intensified and oil buyers shunned barrels from the world's second-largest exporter of crude.
EV Maker ELMS To Lay Off About 24% Of Employees
Mar 6, 2022 10:36 PM
EV maker Electric Last Mile Solutions Inc (ELMS) will lay off about 24% of its staff as it looks to focus on its core business
Russia-Owned SCF Oil Tankers Rerouting From Canada, Returning To Russia
Mar 6, 2022 10:00 PM
Two oil tankers owned and managed by Sovcomflot are rerouting from their Canadian destinations, while a third is returning to Russia after discharging
Govt Proposes Hike In 3rd-Party Motor Insurance Premium From Next Fiscal
Mar 6, 2022 03:02 PM
Insurance cost of car and two-wheelers likeky to jack up from April 1
India To Raise Fuel Prices Soon Over Inflation
Mar 6, 2022 12:58 PM
India will raise petrol and diesel prices next week for the first time in more than four months as global crude prices soar after Russia's invasion of Ukraine last week.
Ukraine Crisis Clouds Outlook For Italy's Brembo After Q4 Margin Drop
Mar 6, 2022 01:57 AM
Italian premium brakes maker Brembo said on Thursday core earnings and margins were hit in the fourth quarter by higher production costs and the global chip shortage
Chinese Automaker SAIC's MG Motor India To Raise Funds For EV Push - Report
Mar 6, 2022 01:52 AM
MG Motor India plans to raise funds to develop its Indian electric mobility business.
Indian Oil Corp Agrees Fuels Deal For Crisis-Hit Sri Lanka
Mar 6, 2022 01:49 AM
Indian Oil Corp (IOC) will supply gasoil, gasoline and jet fuel to Sri Lanka, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.
India Increasing Ethanol Storage, Targets 20% Blended Gasoline By 2025
Mar 6, 2022 01:00 AM
India's state-run fuel retailers are increasing their ethanol storage capacity by 51% as the nation targets to double the biofuel's blending with gasoline to 20% by 2025
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