India's fuel demand scales record high in 2023-24
Sales of diesel, mainly used by trucks, buses and the agriculture sector increased by 4.4 per cent in 2023-24 compared to the previous financial year, reflecting the higher level of economic activity in the country.
![India's fuel demand scales record high in 2023-24](https://cdn.zeebiz.com/sites/default/files/2024/04/08/286996-screenshot-2024-04-08-143326.png?im=FitAndFill=(1200,900))
Hyundai Motor Group seeks to secure price competitiveness in the cost-sensitive Indian market by localizing the production of batteries, which constitute a significant portion of EV costs. (Image credit: )