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Updated Volvo XC40 will receive a mild-hybrid engine while the XC90 PHEV will receive updates in line with the mild-hybrid model launched last year

The VinGroup-backed carmaker also announced its intent to export 5,000 VF 8s to the US, Canada, and Europe as early as December 2022.

The new Grand Cherokee is expected to launch in the coming months and will be offered solely with a 2.0-litre petrol engine.

Honda's global two-wheeler electrification plan includes bring as many as 10 new EVs to the market by 2025 across different segments. The company expects about one million electric motorcycle sales in the next five years.

The 2023 Ferrari Purosangue positions itself as a high-riding and more practical equivalent to the brand's sports cars.

Vedanta Ltd has selected Indian Prime Minister Narendra Modi's home state of Gujarat for its semiconductor project, two sources told Reuters, the first major step in its $20 billion joint venture with Taiwan's Foxconn.

Bridgestone India announced the launch of new ‘Sturdo’ range of passenger vehicles in the country.

Oil prices rose about 3%, as OPEC+ members agreed to a small production cut of 100,000 barrels per day to bolster prices.