The market sold off dramatically after the Organization of the Petroleum Exporting Countries and its allies known as OPEC+ issued a bit of a surprise by sticking to plans to boost output monthly by 400,000 barrels per day.
Oil prices climbed more than $2 a barrel after producer group OPEC+ said it could review its policy to hike output at short notice if a rising number of pandemic lockdowns chokes off demand.
Union Minister of Heavy Industries Mahendra Nath Pandey said that the Automotive research and development body is developing fast chargers for EVs to address the issue of charging infrastructure, and will boost demand for battery-driven vehicles.
Papers filed in August with India's markets regulator seeking approval for its listing show the dealer plans to raise $20 million by issuing new shares.
Ford's optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching 200,000, said Lisa Drake, chief operating officer of Ford North America.
