Auto Industry News

Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.

Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.

Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.

Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.

Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.

India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.

Indian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said.