Auto Industry News

The company had first showcased a concept at 2018 MOVE Summit, promised to deliver about 150 km of travel range from a single charge.

The two companies have been slugging it out in an intensely competitive Indian market and have spent billions in incentives and discounts to passengers.

The city also inducted 50 e-rickshaws with the service being flagged off by Odisha Chief Minister Naveen Patnaik on July 29.

The batteries are expected to be used for various applications ranging from power tools and micro-mobility to electric vehicles (EVs), it said.

BPRL, the exploration arm of state-run Bharat Petroleum Corp, holds 40% stake in BM-SEAL-11 project, while the remainder is held by Brazil's national oil company Petrobras.

The world's largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide.

The Series D funding round was led by Koch Strategic Platforms, the investment arm of industrial conglomerate Koch Industries, and included investments from Eastman Kodak and venture capital firm Fifth Wall Climate.

India meets 85% of its crude oil needs through imports, so the rupee's depreciation has added to the retail cost of petrol, diesel and cooking gas.