Auto Industry News

JK Tyre says the new tyres offer ultra-low rolling resistance while also being durable and offering improved traction.

Alphabet Inc's Google Maps launched its panoramic Street View service in 10 Indian cities in partnership with Tech Mahindra and Genesys, 11 years after a first attempt ran into regulatory troubles.

Brembo could consider expanding its investment in a newly announced joint venture in China with Gold Phoenix, its executive chairman told Reuters after the Italian brakes maker posted a 13% rise in first-half core earnings.

Japan's Denso Corp, a major supplier to Toyota Motor Corp, lowered its operating profit forecast for the current business year by 14%, expecting automakers to undershoot production plans.

European Union countries bracing for further cuts in Russian gas supplies approved a weakened emergency plan to curb demand, after striking compromise deals to limit consumption reductions for some countries.

The European Union clinched a deal recently to cope with a gas supply crisis, but to make it work member states need to establish bilateral pacts to share gas and, right now, most have no such agreement in place.

Indian Oil Corp Ltd reported a quarterly net loss for the first time in more than two years, as the country's top refiner sold fuel at a discount in the domestic market while its costs jumped.

Oil settled up more than $2 as a report of lower inventories in the United States and cuts in Russian gas flows to Europe offset concern about weaker demand and a U.S. interest rate hike.