Auto Industry News
India Preparing To Launch 20% Ethanol With Gasoline - Report
India currently mixes 10% ethanol with gasoline
India To Remain Top Buyer Of Russia's Urals Crude In Dec - Report
Dec 18, 2022 08:47 PM
In November India accounted for about 53% of the total tanker shipments of the grade - the highest level on the record.
GST On SUVs: Which Models Would Qualify For The Highest Rate Of Tax
Dec 18, 2022 10:11 PM
The GST council has provided a nationwide definition of what SUVs qualify for the highest rate of tax (GST and cess) in all states.
India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary
Dec 18, 2022 07:59 PM
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.
Oil Slumps By Over $2/bbl, Dogged By Recession Fears
Dec 18, 2022 07:56 PM
Oil prices briefly erased some losses after officials said the U.S. Energy Department will repurchase 3 million barrels of domestic crude oil for the Strategic Petroleum Reserve.
U.S. Finalizes $2.5 Billion Loan To GM, LG Battery Joint Venture
Dec 18, 2022 07:50 PM
The loan will help finance construction of new lithium-ion manufacturing facilities in Ohio, Tennessee and Michigan.
China's BYD To Launch A Second New EV Brand In 2023 - Executive
Dec 18, 2022 07:47 PM
The new brand will be an addition to Yangwang, a premium brand set for launch in the first quarter of 2023
Electric Vehicles Confront The Leap To The Mass Market
Dec 18, 2022 07:44 PM
The automobile industry is pouring more than $1 trillion into a revolutionary shift from combustion engines to electric vehicles guided by software.
Volkswagen To Refocus On Raising Productivity, Warns Of Challenging 2023 - Finance Chief
Dec 18, 2022 04:51 PM
The carmaker is targeting margin parity between electric and combustion engine cars in next 2-3 years