Auto Industry

car&bike Team

Feb 25, 2022, 10:51 PM

Ola Electric Plans 50Gwh India Battery Plant In EV Push: Report

Ola will need 40Gwh of battery capacity to meet its annual target to produce 10 million electric scooters and the remainder will be for electric cars, which it plans to manufacture in the future, said the person who has knowledge of the plans.

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  car&bike Team | Feb 25, 2022

  India's IOC Buys First Russian Urals Crude In 2 Years After Prices Slump

  Indian Oil Corp, the country's top refiner, has bought Russian Urals crude for the first time in two years, after spot differentials slumped, according to trade sources and Refinitiv data.

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  car&bike Team | Feb 25, 2022

  India's Refinery Throughput Stays Firm With Strong Recovery In Sight

  Initial government estimates show that India's fuel demand is likely to grow 5.5% in the next fiscal year beginning April 1, reflecting a pick-up in industrial activity and mobility in Asia's third largest economy.

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  car&bike Team | Feb 25, 2022

  Russian Carmaker Avtovaz May Suspend Some Assembly Lines On Monday Due To Components Shortage

  Russia's biggest carmaker Avtovaz may suspend some assembly lines at its Togliatti plant in central Russia on Monday for a day due to a persistent global shortage of electronic components.

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  car&bike Team | Feb 25, 2022

  Jeep To Launch Two New SUVs In India To Boost Sales

  Jeep, which has less than a 1 per centshare of India's car market, said last year it would invest $250 million to launch four SUVs in a country where rivals Hyundai Motor and Kia Motor dominate the segment with more affordable vehicles.

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  car&bike Team | Feb 25, 2022

  Global Chip Sales Hit Record In 2021, Will Grow 8.8 Per Cent In 2022 -SIA

  Sales in 2020 grew 6.8% over the prior year, while 2021 was the first year since 2018 that the number of chips sold exceeded 1 trillion.

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  car&bike Team | Feb 25, 2022

  Salvage Team Boards Burnt Ship With VW Group Luxury Cars Off Azores, Towing Begins

  In a statement, ship manager Mitsui O.S.K. Lines Ltd (MOL) said the Felicity Ace remained stable, and the smoke that for days billowed from the vessel, adrift around 170 km southwest of the Azores, had stopped.

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  car&bike Team | Feb 25, 2022

  Rivian 'Making Progress' On Production Ramp-Up, Sets Market Share Goal

  Scaringe said Rivian, whose shares closed up 10.7% at $63.71, idled the plant for the first 10 days of January to make changes on the production lines in a move to boost output.

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  car&bike Team | Feb 25, 2022

  US Securities Agency Probes Elon Musk, Brother Kimbal Over Tesla Share Sales: Report

  According to the report, the investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter users asking whether he should offload 10% of his stake in Tesla.

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