Auto Industry News

Bajaj Auto has reported a 21 per cent decline in its overall sales numbers from 3,63,443 units in January 2022 to 2,85,995 units in January 2023.

Toyota reported a 175 per cent year-on-year growth over January 2022 while sales were up 23 per cent over December 2022.

In January 2023, MG Motor India sold 4,114 units in India, witnessing year-on-year decline of 4.45 per cent compared to 4,306 vehicles sold in January 2022.

The Indian rupee eased slightly as oil prices rose and investors assessed China's move to ease COVID curbs while cases continued to rise in the country.

A fire that killed two people at Russia's Angarsk refinery has been extinguished.

Tesla's plummeting share price has hurt the value of shares owned by the EV maker's employees. Tesla has offered stock compensation for most employees including factory workers.

India is to ban the use of diesel autorickshaws in areas around the capital Delhi, expanding restrictions introduced in the city itself to tackle some of the worst city air quality in the world.

The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk's distraction with managing Twitter.