Auto Industry News

MG Motor India said that it has sold 784 units of the ZS EV in October 2022, which is an all-time high for the company ever since it was launched in 2020.

The first Range Rover vehicles with this advanced technology will be available from 2024, and the new all-electric Jaguar brand in 2025.

The view from the Organization of the Petroleum Exporting Countries, in its 2022 World Oil Outlook, contrasts with that of other forecasters which see oil demand reaching a plateau before 2030 due to the rise of renewable energy and electric cars.   

Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country's widening COVID-19 curbs will curtail demand.

The new dealership will provide access to the company's electric vehicle range including the e6 MPV and Atto 3 electric SUV.

Indonesia raised subsidised fuel prices by about 30%, as the government moves to rein in ballooning subsidies despite a risk of mass protests.

The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.

Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.