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Iran doubles gasoline price for heavy users amid war, economic strain
5+ day, 6+ hour ago (488+ words) Iran has doubled the price of gasoline for motorists who exceed their monthly quota, as the government seeks to curb rising fuel consumption while households face worsening economic pressures from the war and US sanctions. From Tuesday, September 8, motorists buying…...
India fills Europe’s diesel gap as Russian exports slump, US shipments decline
6+ day, 21+ hour ago (385+ words) India is emerging as an increasingly important supplier of diesel to Europe as Russian exports remain depressed and US shipments to the region show signs of weakening, according to data from energy analytics firm Vortexa, PTI reported. Around 200,000 barrels per…...
India fills Europe???s diesel gap as Russian exports slump, US shipments decline
6+ day, 21+ hour ago (385+ words) India is emerging as an increasingly important supplier of diesel to Europe as Russian exports remain depressed and US shipments to the region show signs of weakening, according to data from energy analytics firm Vortexa, PTI reported. Around 200,000 barrels per…...
US diesel prices hit highest since 2022 as Iran war, Russia export ban squeeze supplies
1+ week, 2+ day ago (558+ words) US retail diesel prices hit the highest since mid-2022, topping a peak seen during the early stages of the Iran war to approach a record. The national average pump price climbed to $5.783 a gallon on Wednesday, surpassing the wartime peak set…...
VinFast puts the brakes on manufacturing some cars in India: Report
1+ week, 3+ day ago (584+ words) VinFast has suspended plans to manufacture three electric vehicles in India and ordered suppliers to halt work on the projects while it reassesses costs, according to two sources and a company memo reviewed by Reuters - a year after the Vietnamese…...
OMCs can absorb $85-90 crude, sustained $100 may trigger petrol, diesel price hike
1+ week, 3+ day ago (560+ words) State-run oil marketing companies (OMCs) can absorb crude prices in the $85–90 a barrel range, operating near break-even at these levels, suggesting limited near-term pressure on retail fuel prices, sources said. While no price increase is being considered at the moment,…...
India's $1.4-billion auto-component trade deficit exposes dependence on advanced technologies: Hyundai Motor India CEO
1+ week, 3+ day ago (313+ words) India's $1.4-billion auto-component trade deficit reflects its dependence on imported advanced technologies that could shape the future of mobility, Hyundai Motor India Managing Director and CEO Tarun Garg said. Delivering the keynote address at the 66th Annual Session of the Automotive…...
India's auto industry needs deeper localisation to build world-class supply chain: Maruti Suzuki CEO
1+ week, 3+ day ago (434+ words) India's automobile industry needs deeper localisation across its supply chain to reduce exposure to global disruptions and produce world-class products, Maruti Suzuki India Managing Director and CEO Hisashi Takeuchi said. Delivering the keynote address at the 66th Annual Session of the…...
August PV wholesale dispatches jump 36% as demand momentum strengthens ahead of festive season
1+ week, 4+ day ago (531+ words) Passenger vehicle wholesale dispatches rose 36 percent year-on-year in August to 448,319 units, as new model launches, discount offers and low auto loan rates helped draw buyers to showrooms ahead of the festive season. The strong performance comes against a favourable base....
Maruti Suzuki commands 97% of India's electric car exports on e Vitara strength
1+ week, 4+ day ago (456+ words) Maruti Suzuki India has built an overwhelming lead in electric car exports from the country through a single model, with the e Vitara electric SUV accounting for 97% of shipments in Q1 FY27. As per industry data, the carmaker exported 15,210 electric passenger vehicles…...