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India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.

Oil prices fell on expectations that U.S. production could rise and as weaker economic data out of China and the country's widening COVID-19 curbs weighed on demand.

Delhi's 20 million residents were effectively breathing smoke as the air quality index (AQI) breached the "severe" and "hazardous" categories in nearly all monitoring stations of the Indian capital, spurring calls to close schools.

Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.

The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.

Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.

Delhi has suspended most construction and demolition activities as air quality in the Indian capital is set to worsen.

Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.