Auto Industry News

The central government has announced a major reduction in fuel prices on the occasion of Diwali with petrol now cheaper by Rs. 5 and diesel by Rs. 10 across the country.

Indian ride-hailing company Ola, backed by Japan's Softbank Group, has notched up its first-ever operating profit since beginning operations a decade ago. Ola reported standalone operating profit or EBITDA (earnings before interest, tax, depreciation and amortisation) of Rs.89.82 crore ($12 million) for the fiscal year that ended in March 2021, versus a loss of over Rs. 607 crore ($81.55 million).

Indian Oil Corporation Limited on Wednesday announced that it will establishment of over 10,000 electric vehicle (EV) charging stations across India in the next three years.

Ola CEO, Bhavish Aggarwal tweeted about selling more than 1000 cars through its used car platform Ola Cars over Dhanteras weekend, however, several Twitterati expressed some critical opinions about bad buying experience, the cars being too pricy, and even about delays in delivery of the Ola S1 electric scooter.

CATL will supply two different battery packs for the Fisker Ocean SUV, with an initial battery capacity of over 5 gigawatt-hours annually, from 2023 to 2025, the company said.

The growth is primarily attributed to the festive season demand and Sonalika's new range of tractors like the Tiger and Sikander DLX have been the major volume garners.

Volkswagen said on Wednesday it had entered a strategic partnership with EIT InnoEnergy and will become a shareholder in the EU-backed venture.

From July to September this year, EVs accounted for 7 per cent of vehicles registered in Delhi, while CNG vehicles accounted for 6 per cent.