Summary
(Reuters) – British autocatalyst maker Johnson Matthey said on Monday it would review its executive pay and cut its capital expenditure in its hydrogen technologies business to boost its cash following pressure from its top investor. Continue reading “Johnson Matthey to review executive pay, cut spend in hydrogen technologies”
BRUSSELS, (Reuters) – Tesla has joined BMW and Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles, according to a filing on the court’s website on Monday.
The challenge will open a new front in Brussels’ conflict with Elon Musk, Tesla CEO and ally of U.S. President Donald Trump. Earlier this month, the EU stepped up its probe into Musk’s social media platform X over content moderation. Continue reading “Tesla joins court challenges to EU tariffs on Chinese EVs”
Summary
(Reuters) – Tesla investors will look for more details on the automaker’s lower-priced model when it reports quarterly results on Wednesday as some expect the cheaper car to help the company hit its goal to increase deliveries by up to 30% this year. Continue reading “Tesla investors pin hopes on cheaper EV model to boost sales after lackluster 2024”
(Reuters) – Jaguar Land Rover (JLR) will invest 65 million pounds ($80.71 million) to expand its luxury paint services in the UK and Slovakia to meet increased demand for personalised cars from high-end clients, it said on Monday.
The luxury car maker joins rival Rolls-Royce Motor Cars, a unit of BMW, in trying to cash in on the trend. Continue reading “JLR to invest $80 million to meet demand for custom luxury car colours”
Source : PTI | A lithium refinery project with an investment of INR 42,532 crore is expected to be launched in Nagpur this year, a release said on Saturday. An agreement was signed at Davos, Switzerland, by the Maharashtra government and Vardhaan Lithium (I) Pvt. Ltd to establish lithium refinery at Butibori in Nagpur, Maharashtra. Continue reading “INR 42,532 cr lithium refinery project to be launched in Nagpur this year”
Source : PTI | Two-wheelers are a necessity and not luxury in the current Indian context and taxes on these vehicles must be reduced as the industry is staring at a single-digit growth next fiscal with affordability becoming an issue, according to a senior executive of Honda Motorcycle and Scooter India. There is also a requirement for income tax rationalisation to enable middle-income people start spending again, Honda Motorcycle and Scooter India (HMSI) Director Sales and Marketing Yogesh Mathur told PTI in an interview. Continue reading “Two-wheelers not luxury, tax cut needed to spur demand: HMSI”
Source : PTI | Bharat Mobility Global Expo 2025 concluded on Wednesday after witnessing around 200 product unveils across automotive, components and technology, with the government planning to seek industry views to make it an annual affair. As per the organisers, the second edition of the event saw participation from over 1,500 exhibitors and footfalls of over 8 lakh people, making it one of the largest mobility events globally. Continue reading “Govt to seek industry input on making Bharat Mobility Expo an annual event”
Source : PTI | An assembly line to enhance local manufacturing capabilities was inaugurated by Ezz LCV, the authorisied distributor of TVS Motor Company in Giza, Egypt, the two wheeler manufacturer said. Established at an investment of about USD 6.5 million, the state-of-the-art facility would have a total production capacity of one lakh units per year, thereby expanding Ezz LCV’s ability to meet growing market demand. Continue reading “TVS Motor’s distributor Ezz LCV sets up new assembly line; to boost local manufacturing in Egypt”
TOKYO, (Reuters) – Japan’s Mitsubishi Motors, a junior partner of Nissan Motor, is considering not joining a planned merger between Nissan and Honda Motor, sources told Reuters on Friday.
Mitsubishi Motors plans to remain listed while continuing its cooperative relationship with both companies, three sources said on condition of anonymity because they were not authorised to speak about the matter publicly. Continue reading “Mitsubishi Motors considering not joining planned Nissan-Honda merger, sources say”
PALO ALTO, California, (Reuters) – A joint venture between U.S. electric pickup and SUV maker Rivian and Volkswagen is in talks with other automakers about supplying their software and electrical architecture, a senior Rivian executive said on Thursday.
The German automaker agreed in November to invest $5.8 billion in the joint venture, which will integrate advanced electrical infrastructure and Rivian’s software technology for both companies’ future electric vehicles. Continue reading “Rivian says other automakers ‘knocking on door’ about tech from VW joint venture”
BEIJING, (Reuters) – Tesla will fix software for some imported Model S and X, and China-made Model 3 and Y cars over safety hazards, totalling more than 1.2 million units, China’s market regulator said.
The action, effective Friday, is described as a product recall under Chinese regulations. Continue reading “Tesla to fix software for over 1.2 million imported and China-made cars, says regulator”
BRUSSELS, (Reuters) – BMW has joined Chinese producers in filing a challenge at the Court of Justice of the European Union (CJEU) against EU tariffs on China-made electric vehicles (EVs), according to a filing on the court’s website.
The EU imposed tariffs on China-made EVs at the end of October after an anti-subsidy investigation. The rate for BMW, which manufactures the electric Mini Cooper and electric Mini Aceman in China, is 20.7%. Continue reading “BMW joins Chinese EV makers in filing EU court challenge to tariffs”
Summary
BRUSSELS, (Reuters) – Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of Justice of the European Union (CJEU), filings on the court’s website showed on Thursday. Continue reading “Chinese EV makers file challenges to tariffs at EU court”
Source : PTI | New Delhi: Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported more than tripling of its December quarter net profit as marketing margins soared. Consolidated net profit stood at INR 2,543.65 crore in October-December 2024 – the third quarter of April 2024 to March 2025 fiscal year (FY25) – compared with INR 712.84 crore earning in the same period a year back, according to a stock exchange filing of the company.
Source : PTI | Jupiter Electric Mobility on Friday said it has formed a strategic partnership with logistics operator Porter for its Udaan programme.
The Udaan program is designed to support local small entrepreneurs and drivers to establish and grow their businesses in the electric logistics segment, besides providing professional training and access to essential EV resources and guiding entrepreneurs through the company’s dealership network.
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Summary
HANOI, (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast , with its shares near multi-year lows as foreign investors sell and its borrowing costs rise. Continue reading “EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell”
TOKYO, (Reuters) – Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea’s SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround.
Separately, a Nissan executive said the automaker was considering plans to produce compact EVs at its plant on Japan’s southern island Kyushu, confirming a 2024 Reuters report. Continue reading “Nissan to procure EV batteries from SK On for US market, Nikkei reports”
(Reuters) – Ford Motor is recalling 272,817 vehicles in the United States on concerns over battery failure, the National Highway Traffic Safety Administration (NHTSA) said on Thursday.
The recall affects certain 2021-2023 Bronco Sport and 2022-2023 Maverick vehicles. Continue reading “Ford to recall over 270,000 US vehicles over battery concern, NHTSA says”
Summary
SEOUL, (Reuters) – South Korea’s Hyundai Motor said on Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand. Continue reading “Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025”
(Reuters) – Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices of Model 3 going up by as much as C$9,000 ($6,254.78).
Model Y variants will see increases of up to C$4,000, while all versions of Model S and X will rise by C$4,000, according to the website. Continue reading “Tesla to significantly raise prices of all cars in Canada, website shows”
Source : PTI | Industry body India Energy Storage Alliance (IESA) has projected USD 500 million investment in Indian battery and mobility startup ecosystem within a year. This investment will drive new innovations, research and development, and advancements in products manufactured by these startups, IESA said in a release.
Besides, this investment will also benefit a range of companies involved in Battery Management Systems (BMS), safety management, and component manufacturing. Continue reading “IESA projects over USD 500 mn investment in Indian battery, mobility startup ecosystem in one year”
Source : PTI | India has the advantage of achieving carbon neutrality through bioethanol and renewable energy-based electrification but the government needs to create a mechanism to make prices of bioethanol fuel more affordable to make it economically viable for users, Honda Motor Co Ltd Chief Engineer Hiroya Ueda said on Tuesday. Speaking at auto industry body SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event, Ueda said ethanol has an edge over existing fuels in terms of cutting carbon emissions but the running cost is higher due to low fuel efficiency. Continue reading “Need govt policy to make bioethanol fuels price more affordable for wider adoption in India: Honda”
Source : PTI | There is a need to encourage all kinds of technologies, including compressed biogas, in order to cut carbon emissions and oil imports into the country, Maruti Suzuki MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event here at Bharat Mandapam, he sought government support in facilitating correct carbon accounting of emissions from biofuels. Continue reading “Need to encourage all technologies to cut carbon emissions, oil import: Maruti Suzuki”
Summary
NEW DELHI, (Reuters) – Tata Motors, India’s biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview. Continue reading “Tata Motors looks to local battery play as EV competition rises”
Summary
BEIJING, (Reuters) – Shares in CATL the world’s largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace since 2019. Continue reading “China CATL’s shares dip after it warns of revenue fall, slowing profit growth”
LISBON, (Reuters) – The latest exploration results at Savannah Resources’ Barroso lithium project in northern Portugal point to a larger deposit than the previously estimated 28 million metric tons of high-grade lithium, the company said on Wednesday.
Savannah, which wants to build four open-pit mines in the region to extract enough lithium each year for about half a million to a million electric vehicle batteries, said last month it would accelerate the project to secure the first commercial output in 2027. Continue reading “New exploration results at Savannah’s Portugal lithium project point to larger deposit”
(Reuters) – Chrysler parent Stellantis is recalling 63,082 crossover SUV’s in the United States over concerns of loss of drive power due to a power transfer unit issue, the National Highway Traffic Safety Administration said on Wednesday.
The recall affects certain 2017-2019 model year Jeep Cherokee vehicles. Continue reading “Stellantis to recall over 63,000 US vehicles, NHTSA says”
(Reuters) – The National Highway Traffic Safety Administration said on Wednesday that General Motors is recalling about 2,890 Chevrolet Equinox EV vehicles due to concerns about their adaptive cruise control.
The recall affects certain 2025 Chevrolet Equinox EV all-wheel drive electric vehicles. Continue reading “GM recalls over 2,000 Chevrolet Equinox electric vehicles”
Summary
LONDON, (Reuters) – U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties. Continue reading “German carmakers say Trump tariffs would hurt US consumers, industry”
Source : PTI | Ride-hailing to electric mobility player Ola Group on Monday said it is offering digital and green mobility experience to millions of devotees attending the Maha Kumbh. By leveraging its comprehensive ecosystem – Ola Electric and Ola Consumer, the group aims to offer pilgrims a seamless, sustainable, and connected experience by integrating AI, green mobility, and enhanced options for travel during the Maha Kumbh Mela, it said in a statement.
Ola Founder Bhavish Aggarwal said Maha Kumbh 2025 is a reflection of India’s rich traditions and aspirations for a tech-driven future. Continue reading “Ola offers digital, green mobility experience for visitors at Maha Kumbh”
Source : PTI | India has the advantage of achieving carbon neutrality through bioethanol and renewable energy-based electrification but the government needs to create a mechanism to make prices of bioethanol fuel more affordable to make it economically viable for users, Honda Motor Co Ltd Chief Engineer Hiroya Ueda said on Tuesday. Speaking at auto industry body SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event, Ueda said ethanol has an edge over existing fuels in terms of cutting carbon emissions but the running cost is higher due to low fuel efficiency. Continue reading “Need govt policy to make bioethanol fuels price more affordable for wider adoption in India: Honda”
Source : PTI | New Delhi: Auto component maker ZF on Tuesday said it has introduced a digital fleet management platform, SCALAR, in the Indian market. Designed to address diverse customer needs, the platform offers features to optimise the operations of commercial fleets, enhancing efficiency, safety, and sustainability for both passenger and cargo transport.
“By introducing SCALAR in India, we are delivering the industry’s first comprehensive fleet orchestration solution tailored to the unique and diverse requirements of the Indian market,” ZF Commercial Vehicles Control Systems India MD P Kaniappan said in a statement.
Continue reading “ZF introduces digital fleet management platform in India”
Summary
New Delhi, January 21, 2025: Maruti Suzuki India Limited (MSIL), the country’s leading passenger vehicle manufacturer, today announced Bollywood Gen Z Superstar Kartik Aaryan as the brand ambassador for the Brezza and launched an exciting new campaign, “More Power to Your Play.” The campaign perfectly encapsulates how the Brezza acts as an extension of its owner’s personality. Just like the Brezza, those who drive it are sophisticated, fashionable, capable and playful individuals who use their power to make the most of life. Continue reading “Maruti Suzuki launches the all-new “More Power to Your Play” campaign for Brezza with brand ambassador Kartik Aaryan”
Source : PTI | Tata Motors will start operating trucks powered by hydrogen internal combustion engines on a pilot basis in the March quarter, according to a senior company official. Under the pilot project, part of the National Green Hydrogen Mission, the company along with IOCL will run the trucks on three routes for 18 months.
At the Bharat Mobility Global Expo 2025, Tata Motors, last week, unveiled the truck powered by a hydrogen internal combustion engine. Continue reading “Tata Motors to start pilot project with hydrogen internal combustion engine trucks in March quarter”
Source : PTI | China’s electric vehicle major BYD is keen to have manufacturing operations in India as soon as ‘all factors’ suggest a ‘go ahead’ and the plan is under constant evaluation, according to a top official of the company’s Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the ‘pragmatic’ Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI.
Continue reading “Keen to have manufacturing in India, visa issue not affecting operations: BYD”
Source : PTI | Union Environment Minister Bhupender Yadav said on Monday that electric vehicles should make up 50 per cent of all vehicle sales by 2030 to ensure the automotive sector stays on track to achieve the 2070 net zero emission target. Addressing the 3rd International Conference on Sustainable Circularity organized by the Society of Indian Automobile Manufacturers (SIAM), Yadav also said India now sells more cars annually than the population of some countries but this achievement comes with a responsibility to keep the air clean and the environment healthy. Continue reading “EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav”
Source : PTI | Tata Motors will continue to invest around INR 2,000 crore annually on the development of new commercial vehicles and capital equipment as the company works on a gamut of technologies to drive towards sustainable mobility, according to its Executive Director Girish Wagh. The company’s commercial vehicle (CV) division is working on a variety of technologies ranging from alternate fuel to zero emission battery electric, fuel cell electric and hydrogen ICE.
Source : PTI | In a significant order, the Supreme Court on Monday directed 23 states and seven union territories to file compliance reports indicating implementation of the Motor Vehicle law’s recent provisions besides rules on electronic monitoring and road safety measures. Continue reading “SC directs 23 states, 7 UTs to file compliance reports on Motor Act”
Source : PTI | The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. Continue reading “Entry of more players to help break barriers, accelerate adoption of EVs”
