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Tag: Automotive & Transportation

Whatever is in national interest will be done: India on import of oil from Iran post US sanctions

Amid concerns over the import of oil from Iran following US sanctions, India today said whatever is mandated to be done in its national interest will be done.  In response to a question on the comments made by Iran Deputy Ambassador and Charge d’Affaires Massoud Rezvanian Rahaghi at a seminar […]

World’s fastest growing oil user India bucks trend of fuel price cuts

India, the world’s fastest-growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16 percent […]

Oil falls after US softens stance on Iranian sanction waivers

Oil prices fell on Wednesday, with Brent dropping by more than $1 after the United States said it would consider requests for waivers from sanctions due to snap back into place on Iranian crude exports. Brent crude futures were down $1.10, or 1.4 percent, at $77.76 a barrel by 0112 GMT. U.S. […]

Tesla to open plant in Shanghai

Tesla has been in protracted negotiations to open its own factory in China. On Tuesday signed agreements with Shanghai Authorities that will allow it to open a plant in the Chinese city with an annual capacity of 5,00,000 cars, local media reported. The US carmaker signed an agreement with Shanghai […]

Car sales rise over 30% in June, Maruti leads show

The auto industry continued its double-digit growth run in June as higher demand for new offerings drove passenger vehicle sale. Five of the top six carmakers posted a growth in excess of 20%, and the top six carmakers, which account for 90% of the passenger vehicle market, saw a cumulative […]

Power Grid Corp to commission 1st commercial e-vehicle fast charger next month

State-run transmission utility Power Grid Corp will commission its first commercial e-vehicle fast charger at one of the metro rail stations in Hyderabad by the first week of July. The company will install its chargers at 24 stations in Hyderabad which can charge an e-vehicle in about an hour and top up […]