Auto Industry News
Redwood Materials Joins Electric Vehicle, Battery Trek To South Carolina
Redwood said it will build a $3.5 billion battery materials campus in Ridgefield, about 30 miles (48.28 km) northwest of Charleston, that will recycle, refine and remanufacture cathode and anode materials
Oil Dips 1.5% Ahead Of OPEC+ Meeting, EU Russian Oil Ban
Dec 22, 2022 03:00 PM
Oil futures slipped 1.5% in choppy trading ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+).
Oil Rises As China Eases COVID Curbs, Dollar Weakens
Dec 22, 2022 02:58 PM
Oil prices rose about a dollar per barrel after top crude importer China eased COVID curbs in two major cities.
Nayara Energy Offers Gasoil For The First Time Since Sept
Dec 22, 2022 02:50 PM
India's Nayara Energy has issued a tender to sell high-speed diesel or gasoil for first time since September.
Oil Settles Up $2 On Tighter Supply; OPEC+ Talks Limit Gains
Dec 22, 2022 02:47 PM
Oil prices settled up by over $2 per barrel on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery.
India Govt Steps Up Audit Of EV Firms Taking Subsidies - Report
Dec 22, 2022 02:43 PM
The Indian government will stop its electric vehicle subsidy scheme for companies against which complaints have been received.
Delta 4x4 Develops An Off-Road Specific Tesla Model Y
Dec 22, 2022 01:29 AM
The Delta 4x4 designed Tesla Model Y has received off-road specific modifications.
India’s EV Sales In FY2023 Reaches 4,42,901 Units; Over 9X Growth Compared To FY2021
Dec 21, 2022 11:24 PM
The Indian auto industry sold 48,179 EVs in Financial Year 2020-21, which increased 5-folds in FY 2021-22 to 2,37,811 units. In comparison, just the year-to-date (YTD) sale of electric vehicles in FY 2022-23 stands at 4,42,901 units, witnessing over 9x growth as against FY2021.
Auto Component Sector Records 34.8 Per Cent Sales Growth In H1 FY2023: ACMA
Dec 21, 2022 09:45 PM
The total sales of the auto component industry stood at Rs. 2.65 lakh crore or USD 33.8 billion in the April - September 2022 period, recording a growth of 34.8 per cent over the corresponding period last year.
Upcoming Launches
