Auto Industry News

Foxconn's Singapore unit has acquired 4.08 million shares in Foxconn Hon Hai Technology India Mega Development Private Limited for $500 million (Around Rs. 4100 Crore).

The OPEC+ decision to hold its Dec. 4 meeting virtually signals little likelihood of a policy change.

Western governments want to set a maximum purchase price for Russian oil on the world market to limit Moscow’s ability to raise money for its war on Ukraine.

Indian state refiners' daily diesel sales rose 21% in November from the previous month.

Putin, accompanied by Deputy Prime Minister Marat Khusnullin, was shown on state television behind the wheel of a Mercedes, asking questions about where the attack took place.

India will continue buying Russian oil and even look for term contracts as sanctions allow purchases provided that Western services are not used.

Reliance Industries is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports.

Maruti Suzuki is planning to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements.