Auto Industry News
Mahindra To Invest $1.2 Billion (Rs. 10,000 Crore) In New EV Plant
Mahindra Ltd said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.
China's CATL To Provide EV Batteries For Honda Starting In 2024
Dec 25, 2022 08:33 PM
CATL would supply batteries for seven years for Honda's electric vehicles in China.
Japan Lawmaker Says TSMC Is Considering Second Plant In Japan
Dec 25, 2022 08:25 PM
A senior Japanese lawmaker said that Taiwan Semiconductor Manufacturing Co is considering building a second plant in Japan.
HC Asks NHAI To Respond To Plea Challenging Collection Of Double Toll Tax From Vehicles Without FASTag
Dec 25, 2022 07:39 PM
The Delhi High Court sought the response of the National Highways Authority of India (NHAI) and the Centre to a plea challenging the rule making it compulsory for vehicles without FASTag to pay double the the toll tax.
Berkshire Hathaway Sells $34.4 Million Worth Of Shares In China's BYD
Dec 25, 2022 03:10 PM
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 14.95%
U.S. Senator Manchin Says Treasury Should Limit Commercial EV Tax Credit Use
Dec 25, 2022 03:09 PM
The $430 billion U.S. Inflation Reduction Act (IRA) passed in August ended $7,500 consumer tax credits for electric vehicles assembled outside North America, angering South Korea, the European Union, Japan and others.
Oil Muted As Price Cap Proposal Eases Supply Concerns
Dec 25, 2022 03:08 PM
A bigger-than-expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices.
Ukraine's Zelenskiy Says Europe Must Avoid Division, Set Low Price For Russia's Oil
Dec 25, 2022 03:08 PM
Ukraine's President Volodymyr Zelenskiy on Friday called on Europeans to remain united against Russia's war and to severely limit the price for Russian oil.
Oil Prices Fall 2% As Chinese Demand Worries Linger
Dec 25, 2022 03:08 PM
U.S. West Texas Intermediate (WTI) crude futures were down $1.66, or 2.1%, at $76.28 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low.
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