Auto Industry News

Indian shares swung to gains in the final hour, on slide in oil prices due to demand concerns in China, while volatility was high in domestic market with the expiration of the December derivatives series.

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's fuel demand climbed to an eight-month high in November.

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.

Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.