• Over 400 students from 70 leading Indian and global design institutes showcased their creativity, innovation, and bold thinking to design a compact car.
• Top 3 winning teams from MIT Institute of Design, Association of Designers of India (ADI) at VIT, and Strate School of Design were awarded cash prizes and a 6-month internship opportunity with the Company

New Delhi : Building a connect between young design talent and the automobile industry, Maruti Suzuki India Limited (“Maruti Suzuki”), India’s passenger vehicle market leader, successfully concluded its first-ever Maruti Suzuki Design Challenge. Over 400 students from 70 leading Indian and global design institutes participated in the novel design competition. Maruti Suzuki’s first of its kind design challenge invited young design talent across the country to visualize revolutionary mobility solutions and car design. Continue reading “Maruti Suzuki conducts its first Design Challenge, engages young talent from India’s leading design institutes to co-create future mobility solutions”

Source : PTI | Wholesale volume of tractors is expected to grow 15-17 per cent this fiscal as against an earlier estimate of 8-10 per cent, on the back of supportive factors, including GST reduction, which enhanced affordability for farmers, ICRA said on Friday.

This revision is based on the industry’s robust performance in recent months, including 30.1 per cent year-on-year growth in wholesale volumes for November this year and a cumulative growth of 19.2 per cent for the April-November period, it said. Continue reading “Tractor wholesale volume may grow 15-17% this fiscal: ICRA”

Source : PTI | The Delhi Transport Department on Friday intensified its anti-pollution enforcement drive under the Graded Response Action Plan (GRAP), impounding 28 buses, including interstate vehicles, in a day for violating emission norms, officials said.

Enforcement agencies inspected 4,927 vehicles across the city in the past 24 hours and issued 3,970 challans, they said. Continue reading “28 buses impounded as Delhi transport department steps up anti-pollution drive”

Summary

• New guidelines exempt firms from some financial requirements
• Companies will need to meet reusable rocket tech milestones
• Beijing seeking to close space tech gap with U.S.

BEIJING, (Reuters) – Chinese companies developing reusable commercial rockets will have access to a fast lane for initial public offerings on the tech-heavy STAR market that exempts them from some financial requirements, the Shanghai Stock Exchange said on Friday.

Beijing is seeking to address a gap in its space capabilities compared to the United States, which is currently dominant in the ability to return, recover, and reuse a rocket’s first stage, or booster, after it is launched. Continue reading “China eases IPO rules for firms developing reusable rockets”

Source : PTI | The government will continue to prioritise higher steel production and raw material security in the coming year, as India enters the final five years of its journey towards achieving an installed steelmaking capacity of 300 million tonne (MT) by 2030.

Alongside capacity expansion, the emphasis will remain on the adoption of low-carbon technologies, the development of green steel capacity and the production of special and high-end steel grades to meet the evolving needs of domestic industries and export markets, a steel ministry official said. Continue reading “Govt to sharpen focus on steel output, raw material security as 2030 target nears”

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AkzoNobel is pleased to announce that Maarten de Vries, who had planned to retire at the end of his second four-year term as CFO and member of the Board of Management in April, has agreed to extend his tenure as CFO for one year to support the planned merger with Axalta. The extension of his term as a member of the Board of Management will be proposed for shareholder approval at the April 2026 AGM.

Fredrik Westin, who had been announced as the company’s new Chief Financial Officer (CFO) effective January 1, 2026, will no longer join AkzoNobel. The company is grateful to Fredrik for his understanding of the change of circumstances as it works towards closing the proposed merger in late 2026 to early 2027. Continue reading “AkzoNobel prioritizes continuity for Chief Financial Officer in runup to proposed Axalta merger”

(Reuters) – The U.S. auto safety regulator said on Wednesday it has opened a defect investigation into Tesla Model 3 compact sedans over concerns that emergency door release controls may not be easily accessible or clearly identifiable in an emergency.

The Office of Defects Investigation said the probe covers an estimated 179,071 model year 2022 vehicles.

The investigation was opened on December 23 after the agency received a defect petition alleging that the vehicles’ mechanical door release is hidden, unlabeled and not intuitive to locate during emergencies. Continue reading “US auto safety agency probes Tesla Model 3 emergency door release”

Source : PTI | State-owned Convergence Energy Services Ltd (CESL) on Wednesday said it has concluded the tendering process for 10,900 electric buses.

The mega tender, under the PM E-Drive Scheme, witnessed a robust response from the industry, with 16 bidders participating in the process, reflecting strong interest from electric bus manufacturers and operators, the company said in a statement. Continue reading “CESL concludes largest mega tenders for 10,900 e-buses under PM E-Drive Scheme”

Summary

• Waymo to update software, improve emergency protocols after outage
• Waymo vehicles stalled due to power outage, causing traffic congestion
• California regulators reviewing stalled Waymo vehicles

WASHINGTON, (Reuters) – Alphabet unit Waymo said on Tuesday it will update software used to operate its self-driving vehicles and improve its emergency response protocols after its robotaxis stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic and gridlocked parts of the city.

Waymo paused service Saturday evening following a fire at a PG&E substation that knocked out power to roughly one-third of the city, affecting about 130,000 residents and forcing some businesses to close temporarily. Continue reading “Waymo to update software after San Francisco power outage snarls self-driving vehicles”

(Reuters) – Hyundai Motor is recalling 51,587 vehicles in the U.S. because a short circuit in non-functioning trailer lights, caused by incorrect installation of the wiring harness, could increase the risk of fire, the U.S. National Highway Traffic Safety Administration said on Wednesday.

As a remedy, owners are advised to park outside and away from structures until the recall repair is complete. Dealers will replace the trailer wiring harness, free of charge, NHTSA added. Continue reading “Hyundai to recall over 51,000 vehicles in US over risk of fire, NHTSA says”

(Reuters) – Toyota (7203.T), is recalling 55,405 vehicles in the U.S. as bolt inside the inverter may not have been tightened properly, causing incomplete contact at the inverter terminal, the U.S. National Highway Traffic Safety Administration said on Tuesday.

The remedy is currently under development, NHTSA said. Continue reading “Toyota to recall over 55,000 US vehicles over loose inverter connection, NHTSA says”

(Reuters) – New car sales in Europe rose year-on-year in November for a fifth consecutive month, helped by an increase in EV registrations in markets including Germany, Italy and Spain, data from the European auto lobby ACEA showed on Tuesday.

Battery electric registrations, a proxy for sales, reached a market share of 21% in the European Union, 26% in the United Kingdom and 98% in Norway. Continue reading “New car sales in Europe rise for fifth month helped by EVs”

WASHINGTON, (Reuters) – Amazon’s (AMZN.O), self-driving unit Zoox said on Tuesday it is recalling 332 self-driving robotaxis because vehicles may cross the yellow center line and drive into or stop in front of oncoming traffic near intersections, the National Highway Traffic Safety Administration said.

Zoox said it has addressed the issue through a software update and said the issue did not result in any collisions. Continue reading “Amazon’s Zoox to recall 332 US vehicles over software error”

WASHINGTON, (Reuters) – The U.S. Federal Communications Commission said on Monday it is barring imports of all new models of foreign-made drones and critical components including from China’s DJI and Autel, saying they pose unacceptable risks to U.S. national security.

The addition to the FCC’s “Covered List” means that DJI, Autel and other foreign drone companies will not be able to obtain the necessary FCC approval to sell new models of drones or critical components in the U.S. Continue reading “US bars imports of new models of DJI, all other foreign drones”

(Reuters) – AI-powered fleet management company Motive Technologies on Tuesday disclosed a rise in nine-month revenue in its U.S. initial public offering filing, as firms eye listings early next year.

The San Francisco, California-based company reported a net loss of $138.5 million on $327.3 million revenue for the nine-month period ended September 30, compared with a loss of $113.9 million on $268.9 million revenue in the same period a year earlier. Continue reading “Fleet management firm Motive Technologies reveals revenue growth in US IPO paperwork”

WASHINGTON, (Reuters) – Alphabet (GOOGL.O), unit Waymo said on Tuesday it will update software used to operate its self-driving vehicles and improve its emergency response protocols after its robotaxis stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic and gridlocked parts of the city.

Waymo paused service Saturday evening following a fire at a PG&E substation that knocked out power to roughly one-third of the city, affecting about 130,000 residents and forcing some businesses to close temporarily. Continue reading “Waymo to update software after San Francisco power outage snarls self-driving vehicles”

(Reuters) – Uber (UBER.N), and Lyft (LYFT.O), said on Monday they were teaming up with Chinese tech giant Baidu (9888.HK), to launch driverless taxi trials in the UK next year, reinforcing the country’s role as Europe’s leading testbed for commercializing robotaxis.

As part of the partnerships, Baidu’s Apollo Go RT6 vehicles will join the London networks of the ride-hailing platforms in 2026, marking the first direct competition between U.S. and Chinese autonomous giants in a European capital, following Alphabet-owned (GOOGL.O), Waymo’s recent start of supervised tests in the city. Continue reading “Uber, Lyft partner with Baidu for UK robotaxi trials next year”

(Reuters) – U.S. companies borrowed 4.4% less to finance equipment investments in November compared with the same period a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Monday.

New loans, leases and lines of credit signed up by companies in November were $10.3 billion on a seasonally adjusted basis, down slightly from the prior month. Continue reading “US business equipment borrowings down more than 4% y/y in November, ELFA says”

WASHINGTON, (Reuters) – Mercedes-Benz (MBGn.DE), has reached a $149.6 million settlement with U.S. states to resolve a long-running investigation into allegations of diesel emissions cheating by the German automaker, New York Attorney General Letitia James said Monday.

The automaker said the deal effectively ends its legal issues in the United States over dieselgate – the emissions scandal first uncovered at Volkswagen in September 2015. Continue reading “Mercedes reaches $150 million settlement with US states over diesel scandal”

WASHINGTON, (Reuters) – The Federal Communications Commission said on Monday it was adding China’s DJI, Autel and all foreign-made drones and components to a list of companies determined to pose unacceptable risks to U.S. national security and would bar approvals of new types of drones for import or sale in the United States.

The addition to the FCC’s “Covered List” means that DJI, Autel and other foreign drone companies will not be able to obtain FCC approval to sell new models of drones or critical components in the United States, which is required. Continue reading “US bars approvals of new models of DJI, all other foreign drones”

(Reuters) – A top California regulator said it was looking into incidents in which robotaxis from Alphabet (GOOGL.O), unit Waymo stalled in parts of San Francisco on Saturday due to a widespread power outage that snarled traffic and gridlocked parts of the city.

Waymo paused service Saturday evening following a fire at a PG&E substation that knocked out power to roughly one-third of the city, affecting about 130,000 residents and forcing some businesses to close temporarily. Continue reading “California examines incidents of stalled Waymo robotaxis after San Francisco power outage”

(Reuters) – Uber (UBER.N), and Lyft (LYFT.O), are teaming up with Chinese tech company Baidu (9888.HK), to test self-driving taxis in the UK in 2026, making them the latest ride-hailing platforms to partner with self-driving vehicle firms.

Robotaxis are expected to be a safer mode of transport that can reduce operational costs by minimizing reliance on drivers and optimizing routes through real-time data. Continue reading “Driverless future gains momentum with global robotaxi deployments”

Source : PTI | Lucknow, To curb rising road accidents and fatalities in the state, Uttar Pradesh Chief Minister Yogi Adityanath on Saturday directed that a statewide “Road Safety Month” with a focus on the 4E model “Education, Enforcement, Engineering and Emergency Care” will be observed next year from January 1 to 31.

According to a press statement, chairing a high-level review meeting with senior officials, the chief minister said the campaign should not remain a formality but evolve into a people-centric movement. Continue reading “January to be observed as statewide ‘Road Safety Month’: UP CM Adityanath”

Source : PTI | Asserting that 90 percent of the Aravalli region will remain “protected”, the Centre on Sunday rejected claims that the new definition of the Aravalli range will allow large-scale mining and cited a Supreme Court-ordered freeze on new mining leases in the region.

It said a Supreme Court-approved framework provides for stronger protection of the mountain system and places a freeze on new mining leases until a comprehensive management plan is finalised. Continue reading “‘90% of Aravallis protected’, govt clarifies amid mining criticism”

Source : PTI | A day after the enforcement of BS-VI compliance and mandatory pollution-under-control certificates at Delhi’s border points and petrol pumps, awareness among commuters appeared to have increased on Friday, with many people voluntarily producing documents before refuelling.

Nischal Singhania, president of the Delhi Petrol Dealers’ Association, told PTI that queues at pollution-under-control (PUC) certification centres remained unchanged, while fuel sales had taken a hit in some border areas. Continue reading “‘No PUC, No fuel’ rule: Awareness improves; checks across Delhi pumps uneven”

Source : PTI | New Delhi: After years of forecasts predicting an imminent peak in oil demand amid a swift shift to renewables, oil and gas made a quiet but unmistakable comeback, with India emerging as a central driver of global consumption.

Major energy outlooks – from BP and McKinsey to the IEA – pushed peak oil into the 2030s and revised 2050 demand upward. And every forecaster said India will emerge as the epicentre of global demand growth, with its rise in appetite for energy outpacing that of China and Southeast Asia combined. Continue reading “Oil makes a comeback in 2025 amid transition hype, with India at the centre of action”

Source : PTI | After a record-breaking year, India’s automobile industry is entering 2026 on a relatively strong footing, with sales growth expected in the 6-8 per cent range. The outlook is underpinned by policy support, including GST rationalisation, easing monetary conditions, and income tax relief, which together are likely to improve affordability and sustain consumer demand across vehicle segments.

The momentum reflects more than cyclical recovery. Passenger vehicle volumes in 2025 rebounded sharply after a slow start, aided by stronger urban demand, stable rural incomes and improved financing availability. Continue reading “India auto growth seen holding in 2026 as policy support meets rising costs”

Source : PTI | Lucknow, To curb rising road accidents and fatalities in the state, Uttar Pradesh Chief Minister Yogi Adityanath on Saturday directed that a statewide “Road Safety Month” with a focus on the 4E model “Education, Enforcement, Engineering and Emergency Care” will be observed next year from January 1 to 31.

According to a press statement, chairing a high-level review meeting with senior officials, the chief minister said the campaign should not remain a formality but evolve into a people-centric movement. Continue reading “January to be observed as statewide ‘Road Safety Month’: UP CM Adityanath”

WILMINGTON, Delaware, (Reuters) – Elon Musk’s 2018 pay package from Tesla (TSLA.O), once worth $56 billion, was restored by the Delaware Supreme Court on Friday, nearly two years after a lower court struck down the compensation deal as “unfathomable.”

The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation. It assures Musk greater control over the company, which he has said is his main concern, even after shareholders recently approved a new pay package that could be worth $878 billion if Tesla meets certain targets. Continue reading “Musk wins appeal that restores 2018 Tesla pay deal now worth about $139 billion”

(Reuters) – Tesla (TSLA.O), CEO Elon Musk’s net worth surged to $749 billion late Friday after the Delaware Supreme Court reinstated Tesla stock options worth $139 billion that were voided last year, according to Forbes’ billionaires index.

Musk’s 2018 pay package, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.” Continue reading “Elon Musk becomes first person worth $700 billion following pay package ruling”

BEIJING, (Reuters) – A revamp of China’s electricity market is boosting the economics of storing power just as international demand surges, sparking a boom for the Chinese energy storage manufacturers that already dominate globally.

Chinese firms are on track for a 75% jump this year in global shipments of lithium-ion battery cells for energy storage, according to one estimate. Continue reading “China’s power reforms, global data centre buildout usher in battery boom”

Source : PTI | The government will implement barrier-free toll collection at all 1,050 toll plazas across the country by 2026 and about 40 lakh annual FASTag passes have been issued in four months since August, Road Transport and Highways Minister Nitin Gadkari said on Thursday.

Answering queries during Question Hour in the Lok Sabha, Gadkari said annual FASTag passes will allow private cars to cross 200 toll plazas at ₹3,000 a year, or an average of ₹15 per toll. Continue reading “40 lakh annual FASTag passes issued since August, barrier-free toll collection by 2026: Gadkari”

Source : PTI | Days after a US-led ‘Pax Silica initiative’ excluded India from the rare earths alliance, JSW Group Chairman Sajjan Jindal on Friday called for increased focus on domestic exploration of minerals.

Jindal, who leads the $23 billion conglomerate having interests in steel and also electric vehicles, said India has sufficient reserves of rare earths. Continue reading “JSW’s Sajjan Jindal calls for push on domestic rare earth exploration”

DETROIT, (Reuters) – A key United Auto Workers strategist and architect of the union’s 2023 auto-factory strike is leaving the labor group, after a report by the federal monitor overseeing the UAW concluded that he was part of a campaign to improperly remove duties from another union leader.

Chris Brooks, chief of staff to UAW President Shawn Fain, will no longer be employed by the union as of December 31, according to a report released on Thursday by the monitor’s office. Continue reading “UAW president’s chief of staff to leave the union following federal monitor report”

BERLIN, (Reuters) – Volkswagen’s (VOWG.DE), Chief Executive Oliver Blume pledged continued cost cutting at Europe’s largest carmaker on Thursday, as the company seeks to remain competitive amid industry-wide challenges.

Speaking at the group’s two-day management meeting in Berlin, Blume identified leadership, focus and finances as three central priorities for the new year, a company spokesman said. Continue reading “VW management to continue cost cutting”

TOKYO, (Reuters) – Toyota Motor (7203.T), said on Friday that it aims to begin selling its U.S.-made Camry sedan, Highlander SUV and Tundra pickup truck in Japan starting next year as it hopes to help improve Japan―U.S. trade relations.

The world’s largest automaker was studying the possibility of reverse imports, it said in October, as Tokyo tries to placate President Donald Trump over its vast trade surplus with the United States. Continue reading “Toyota aims to begin selling 3 US-made models in Japan from 2026”

(Reuters) – Ford (F.N), is recalling 272,645 vehicles in the U.S. due to a loss of park function, causing the vehicle to roll away and increasing the risk of a crash, the U.S. National Highway Traffic Safety Administration said on Friday.

The Dearborn, Michigan-based company is recalling certain 2022-2026 F-150 Lightning BEV, 2024-2026 Mustang Mach-E, and 2025-2026 Maverick vehicles, as the integrated park module may fail to lock into the park position when the driver shifts into park, according to the NHTSA. Continue reading “Exclusive news, data and analytics for financial market professionals World Business Markets Sustainability Legal Commentary More My News”