Source : PTI | Toyota Kirloskar Motor on Tuesday reported its highest ever sales in a financial year 2024-25 driven by robust demand for both SUVs and multi-purpose vehicles. The company said it dispatched 3,37,148 units to dealers last fiscal year, a growth of 28 per cent as compared with 2,63,512 units in FY24.

In March, the company sold 30,043 units, a growth of 11 per cent, as compared with 27,180 units in the same month last year. Continue reading “Toyota reports best-ever sales in FY25 at 3,37,148 units”

Source : PTI | Honda Cars India on Tuesday said its domestic sales increased 2 per cent year-on-year to 7,228 units in March. The automaker dispatched 7,071 units to dealers in March last year.

Export declined to 4,656 units last month as compared with 6,860 units in March last year.

The company said it registered total sales of 1,26,151 units in FY25 against 1,24,173 units in FY24. Continue reading “Honda Cars sales up 2% to 7,228 units in March”

Source : PTI | Japanese two-wheeler maker Suzuki Motorcycle on Tuesday reported its highest-ever annual sales in India at 12,56,161 units for 2024-25, growing by 11 per cent year-on-year compared to 11,33,902 units sold in the financial year ended in March 2024. The total sales for FY 2024-25 include record domestic sales of 10,45,662 units, a 14 per cent rise from 9,21,009 units sold in FY24, Suzuki Motorcycle India Pvt Ltd said.

The company also exported 2,10,499 two-wheelers in 2024-25 against 2,12,893 two-wheelers in 2023-24. Continue reading “Suzuki Motorcycle sales rise by 11% to 12.56 lakh in FY25”

(Reuters) – Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter.

The two companies, both controlled by the central government, have conducted detailed discussions on how to merge their operations and informed their foreign partners of the merger discussions, the report said. Continue reading “Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports”

Summary

• US auto tariffs override AGOA duty-free benefits
• Industry body assesses impact of tariffs on car industry
• US tariffs could impact South African economy, says minister
• South Africa’s vehicle exports to U.S. valued over $2 billion

JOHANNESBURG, (Reuters) – South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States. Continue reading “South Africa plans US meeting on looming auto tariffs”

HONG KONG, (Reuters) – The founder of Chinese electric vehicle maker Xiaomi said on Tuesday he was “heavy-hearted” after three people were killed in an accident involving one of the company’s SU7s, and said it would fully cooperate with a police investigation.

The incident on March 29 marks the first major accident involving the SU7 sedan, which Xiaomi launched in March last year and which since December has outsold Tesla’s Model 3 on a monthly basis. Continue reading “Xiaomi will cooperate with investigation into fatal EV crash, says founder”

BRUSSELS, (Reuters) – Volkswagen, Stellantis, 13 other carmakers and their car association were fined a total of 458 million euros ($495 million) by EU antitrust regulators on Tuesday for taking part in a vehicle recycling cartel.

The European Commission, which raided the companies three years ago, said the cartel, which involved end-of-life vehicles, took place from May 2002 to September 2017, with automakers association ACEA organising meetings and contacts between the companies. Continue reading “Volkswagen, Stellantis and other carmakers hit with $495 million EU cartel fine”

Summary

• GM’s first-quarter sales up 17%, Ford’s drop 1.3%
• Tariffs may slow auto sales — Cox Automotive
• Potential tariff-related price hikes likely helped

(Reuters) – U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump’s tariffs on auto imports, which could raise prices by thousands of dollars. Continue reading “US first-quarter auto sales get a lift from looming Trump tariffs”

Summary

• Yew Tree Consortium to invest 52.5 million pounds
• Chairman Stroll’s stake to rise to 33%, eyes up to 35%
• Aston Martin revises volumes forecast due to tariff impact

(Reuters) – Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.S. President Donald Trump. Continue reading “Aston Martin gets $162 million funding boost to counter losses, Trump tariffs”

Summary

• Tesla Rome dealership and 17 cars destroyed in fire
• Musk called fire “terrorism” on social media
• Two stores vandalised in Sweden

ROME, (Reuters) – An overnight fire at a Tesla dealership in Rome that destroyed 17 cars was an act of terrorism, the company’s billionaire owner Elon Musk said on Monday. Continue reading “Musk says ‘terrorism’ behind fire at Rome Tesla dealership”

Summary

• Toyota’s hybrid demand outpaces supply, causing global delivery delays
• Tight supply of components affecting Toyota suppliers Aisin, Denso
• Toyota says making efforts to boost production to respond to demand

NEW DELHI/AUSTIN, (Reuters) – Soaring demand for Toyota’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation. Continue reading “Dude, where’s my car? Toyota buyers face long waits amid hybrid boom”

WASHINGTON, (Reuters) – Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply-chain disruptions and pain in the auto-heavy state.

“The increased costs would cause significant disruption throughout the supply chain and, perhaps most importantly, lead to significant price increases to the cost to American consumers for vehicles,” the Detroit Regional Chamber and MichAuto, an automotive and mobility association, said in a letter. Continue reading “Trump’s auto tariffs will lead to autoworker pain, two Michigan business groups say”

Summary

• Samuelsson safe bet amid rising trade tensions
• Volvo vulnerable to Trump auto tariffs
• Chairman Li Shufu under investor pressure
• Shares down 70% since 2021 listing

STOCKHOLM/LONDON, (Reuters) – Volvo Car’s abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump’s tariff turbulence and a wobbly transition to electric cars, analysts and investors said. Continue reading “Volvo goes back to car industry basics with surprise CEO switch”