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Auto · 28 Jul 2022
Kerala Man Fined For “Riding Without Sufficient Fuel”
As per reports, the rider was flagged down for riding in the wrong direction on a one-way street and subsequently paid a Rs 250 fine on the spot.
Auto · 28 Jul 2022
Oil Falls 3% On Uncertainty Over Future OPEC+Output, Recession Fears
The OPEC+ group of producers, including Russia, on Thursday agreed to stick to its output strategy after two days of meetings. The producer club avoided discussing policy from…
Auto · 28 Jul 2022
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday’s data, which showed a sharp slowdown in business growth in June,…
Auto · 28 Jul 2022
Tata Motors Signs MoU With EC Wheels India; To Supply 1,000 Xpres-T EVs
The deliveries of the Tata Xpres-T electric sedans to EC Wheels India will commence in phases.
Auto · 28 Jul 2022
Germany To Reduce Electric Car Subsidies In 2023
The incentives, or premiums, paid to buyers of electric cars will expire completely once an allocated sum of 3.4 billion euros ($3.44 billion) from the next two years’…
Auto · 28 Jul 2022
Global Equities Waver, Oil Falls Amid Recession Fears
The dollar’s role as the safe-haven currency for investors concerned about the economic outlook has been burnished in recent weeks, with the U.S. currency roaring to two-decade highs…
Auto · 28 Jul 2022
Indian EV Ride-Hailing Firm BluSmart Close To Raising $250 Million – CEO
BluSmart, which runs an all-electric vehicle (EV) fleet, was expecting to finalise deals with impact funds and private equity investors within the next two months, Anmol Jaggi said.
Auto · 28 Jul 2022
UK’s BII To Invest In New Mahindra EV Unit At $9 Billion Valuation, Shares Soar
BII will have a 4.8% ownership in the business, which will focus on four-wheel passenger electric vehicles (EVs). The unit will be wholly owned by Mahindra, the company…
Auto · 28 Jul 2022
S.Korea’s LGES Plans New EV Battery Plant In Europe
Tesla supplier LG Energy Solution Ltd (LGES) said it was looking at sites in Europe for a new battery plant and would ramp up production in Asia outside…
Auto · 28 Jul 2022
Yellen: U.S. Talks With India On Price Cap On Russian Oil ‘Encouraging’
U.S. Treasury Secretary Janet Yellen described as “encouraging” talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices…