Auto Industry News

India wants countries to agree to phase down all fossil fuels at the COP27 climate summit in Egypt, rather than a narrower deal to phase down coal as was agreed last year.

Indian shares fell, weighed by auto and metal companies.

Eicher Motors Ltd fell short of analysts' estimates for quarterly profit on Thursday, as costs jumped 50% at the Royal Enfield motorcycle maker.

Egyptian officials have said their priority was to provide a conducive atmosphere for negotiations and act as a neutral mediator. The presidency denied that fossil fuel producers had been given sympathetic treatment.

Tesla is considering exporting made-in-China electric cars to the United States.

Standalone net profit from continuing operations fell 32.4% to 1.24 billion rupees ($15.14 million) for the three months ended Sept. 30, from 1.83 billion rupees a year earlier, MRF said in an exchange filing.

U.S. crude in storage jumped by 3.9 million barrels last week to 440.8 million barrels as oil production increased to about 12.1 million barrels a day

Mahindra will be inspecting the rubber bellow inside bell housing on a batch of 6618 units of Scorpio-N and a batch of 12,566 units of XUV700. The recall is only for the manual transmission models manufactured between July 1 and November 11, 2022.