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Tag: Automotive & Transportation

Iran offers discounted oil to Asia

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA Bloomberg reported on Friday that the state-run National Iranian Oil Company was reducing official prices for September sales to Asia to their lowest level in […]

Hyundai plans to introduce full range of electric vehicles in India

South Korean auto major Hyundai Motor is planning to introduce its full range of electric vehicles in India as it tries to expand its product offerings to compete with market leader Maruti Suzuki for a bigger share of the Indian roads.  Close on the heels of Maruti Suzuki announcing plans […]

BMW confirms recall of 323,700 cars across Europe

German luxury carmaker BMW on Wednesday confirmed it would recall 323,700 cars across Europe due to a faulty component that could cause engines to catch fire.  A BMW spokesman told, about 96,300 of the affected vehicles are in Germany and 75,000 are in Britain. Some 23,500 cars in France and […]

Volume growth of FMCG, auto companies at 5-year high

Leading consumer goods and automobile firms posted the fastest volume growth in at least five years in the April-June quarter, thanks to a favorable base but also driven by improving consumer sentiment, especially in rural India.  Car market leader Maruti Suzuki posted its sharpest growth in five-and-a-half years, while in […]

Oil prices rise for second day, buoyed by fall in US inventories

Oil prices rose for a second day, today after industry group data showed U.S. crude inventories fell more than expected last week, easing worries about oversupply that had dragged on markets in recent sessions. Brent crude was up 29 cents, or 0.4 percent, at $73.73 a barrel by 0035 GMT. The […]

Government considers cap on number of shared rides by private cars owners

The government, which wants to promote ridesharing by private car owners, is considering a proposal to either cap the number of such rides or the money they can make to protect the livelihood of cab drivers. The ride-sharing push is part of the government’s larger plan to enhance mobility in […]

Indian hands turning wheels of global auto companies

“There is an Indian hand in every Mercedes-Benz running around the world,” said Ola Källenius, the global research &development head of the largest luxury car maker.  The Indian R&D setup for Mercedes-Benz has metamorphosed from a tiny division with 20 staffers in Bengaluru, the IT capital of India, a couple […]

Oil’s double slump shows market roiled by week of bearish news

The oil market performed a screeching U-turn. Since the middle of last week, Brent crude had two of its largest single-day dollar declines in years. The cause of the route: expanding supplies from nations where there had been major outages — such as Libya — at a time of mounting […]

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 […]