Auto Industry News

Mahindra could consider investing in a battery-cell company to meet future electrification needs.

Indian carmaker Tata Motors raised the price of its passenger vehicles on Saturday as input prices continue to increase.

Oil prices rose about 2% in volatile trade but were still heading for a weekly decline as investors worried about a potential recession-driven demand downturn even as global fuel supplies remained tight.

India's fuel consumption in June rose by 17.9% from a year earlier.

Since the start of the war in Ukraine, the United States and its allies have leaned on countries to buy less Russian oil in a bid to punish Moscow for its aggression.

Oil prices settled sharply higher rebounding from steep losses the previous two sessions.

Okinawa Autotech sold 49,196 electric two-wheelers between January 1 and July 9, 3,372 units more than Hero Electric, which was previously the leading electric two-wheeler manufacturer in India.

Tata Motors has hiked the prices of all passenger vehicles by approximately 0.55 per cent from today, depending on the variant.