Mercedes retreats to gas guzzlers as EVs fail to boost profit
Mercedes isn’t the only carmaker feeling the pain of weaker demand for EVs, as governments ended luc...
demand
OPEC switches to 'call on OPEC+' in global oil demand outlook, sources say
Demand for crude from the wider group is now more relevant, one of the sources said, because the DoC...
Strong sales growth for entry-level two-wheelers in H2 of FY24; big relief for automakers
The industry body termed the rebound in sales of entry-level two-wheelers as early signs of recovery...
India only nation among top 5 to see growth in steel production
The country has seen an 8.5% growth in production between Jan-Apr this year, having produced 49.5 mi...
Oil set for weekly loss as markets worry about demand
The Brent crude July contract rose 74 cents to USD 81.85 a barrel as of 11:53 a.m. ET (1553 GMT). Th...
Car dealers may end up with 400K unit inventory as demand cools off
Automakers are expected to end May with wholesales or factory despatches to dealers of 340,000-350,0...
Mercedes-Benz mulls assembling more EVs in India to meet zero emission, carbon neutrality goals
The company also aims to reduce CO2 emissions per passenger car in the new vehicle fleet up to 50% a...
