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Iran-US Peace Deal Reopens Hormuz: 62 Million Barrels Set to Flood Market, Asia Braces for Oil Glut Vår Energi Approves Seven-Well North Sea Development with 2027 Start-Up Atom XVII Launches ₹75 Crore Consumer Fund to Back Early-Stage Indian Brands Rupee Tumbles 21 Paise to 94.66 Against US Dollar on Fed Hawkish Stance MOL and NYK Sign Long-Term Ammonia Carrier Charters with JERA for US-Japan Low-Carbon Fuel Supply Qatar LNG Tanker Sails for Hormuz as US-Iran Deal Reopens Critical Waterway UK to Scan Asylum-Seekers’ Faces with Flawed AI Age Estimation Despite Internal Warnings US Firms Sue Container Makers Over Alleged Price-Fixing Scheme Impacting Global Dry Container Market Strait of Hormuz Reopens Under US-Iran Deal, Future Transit Fees Uncertain for Shippers Crude Oil Futures Plunge After Reports of US-Iran Interim Peace Deal Digitally Signed Iran-US Peace Deal Reopens Hormuz: 62 Million Barrels Set to Flood Market, Asia Braces for Oil Glut Vår Energi Approves Seven-Well North Sea Development with 2027 Start-Up Atom XVII Launches ₹75 Crore Consumer Fund to Back Early-Stage Indian Brands Rupee Tumbles 21 Paise to 94.66 Against US Dollar on Fed Hawkish Stance MOL and NYK Sign Long-Term Ammonia Carrier Charters with JERA for US-Japan Low-Carbon Fuel Supply Qatar LNG Tanker Sails for Hormuz as US-Iran Deal Reopens Critical Waterway UK to Scan Asylum-Seekers’ Faces with Flawed AI Age Estimation Despite Internal Warnings US Firms Sue Container Makers Over Alleged Price-Fixing Scheme Impacting Global Dry Container Market Strait of Hormuz Reopens Under US-Iran Deal, Future Transit Fees Uncertain for Shippers Crude Oil Futures Plunge After Reports of US-Iran Interim Peace Deal Digitally Signed
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India enters Mercedes-Benz top 15 markets for first time; manufacturer reaffirms local production commitment Manufacturing
Automotive & Parts #india#mercedes

India enters Mercedes-Benz top 15 markets for first time; manufacturer reaffirms local production commitment

Mercedes-Benz India has entered the company's top 15 markets globally for the first time, with India ranking fifth for the Maybach brand. Board member Mathias Geisen visited India for the launch of the new S-Class plug-in hybrid, highlighting the company's long-term local manufacturing commitment. Globally, Mercedes sold 1.8 million vehicles last year, with China sales declining but other markets growing.

Jun 17, 2026 1 source
Mercedes-Benz to Raise Prices 1-2% in India on Exchange Rate and War Cost Pressures Manufacturing
Automotive & Parts #mercedes#price hike

Mercedes-Benz to Raise Prices 1-2% in India on Exchange Rate and War Cost Pressures

Mercedes-Benz will increase car prices in India by 1-2% to cope with exchange rate volatility and war-related cost pressures, marking the third hike in 2026 totaling up to 4%. The automaker also launched a new plug-in hybrid S-Class variant, its first PHEV for India, priced between Rs 2.2-2.4 crore, with deliveries starting in Q4.

Jun 16, 2026 1 source