Source : PTI | Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies.
Replying to reporters’ questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies. Continue reading “Fuel price revision to depend on crude oil supply, says Suresh Gopi”
Source : PTI | Shares oil marketing companies surged on Friday, with HPCL climbing over 6 per cent, amid a sharp decline in crude prices.
The stock of Hindustan Petroleum Corporation Ltd jumped 6.30 per cent, Bharat Petroleum Corporation Ltd surged 5.54 per cent and Indian Oil Corporation climbed 4.91 per cent on the BSE.
Brent crude, the global oil benchmark, dropped 3.98 per cent to $86.78 per barrel. Continue reading “Oil marketing stocks jump as crude prices slide nearly 4%”
Summary
MILAN, (Reuters) – Automakers Volkswagen, Stellantis and Renault, which account for about 60% of Europe’s car output, are urging the EU to adopt a simple “Made in Europe” rule and stronger incentives to boost local production.
In a joint letter sent to European Parliament members, seen by Reuters, the three groups called for 70% of vehicles sold in the European Union to source 70% of their value from within the 27-country bloc, covering the full value chain from engineering to manufacturing. Continue reading “Europe’s top carmakers urge simple ‘Made in Europe’ rules”
BEIJING, (Reuters) – China is “strongly dissatisfied” with a U.S. move to add several large Chinese companies to the Pentagon’s list of firms it says are aiding China’s military, the commerce ministry said on Saturday.
The foreign ministry has also expressed concern about the U.S. Defense Department’s long-awaited update to its list on Monday, which included such top technology names as e-commerce giant Alibaba, internet search provider Baidu and automakers BYD and NIO. Continue reading “China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms”
Mumbai, June 2026 – Škoda Auto India is set to elevate its high-performance RS portfolio with the all-new Kodiaq RS. Building on more than 50 years of RS legacy and over 125 years of motorsport heritage, this latest addition underscores the brand’s performance DNA. With bookings opening on June 22, 2026, the Kodiaq RS combines exhilarating performance with unmistakable motorsport character, the versatility of seven-seat luxury, and enhanced all-terrain capability powered by 4×4.
Commenting on the announcement, Ashish Gupta, Brand Director, Škoda Auto India, said, “The RS badge carries over 50 years of global performance legacy and a fiercely loyal following in India since the Octavia RS arrived more than two decades ago. The latest Octavia RS, launched last year, sold out in just 20 minutes, highlighting its cult status among enthusiasts. Now, we’re taking that legacy forward with the Kodiaq RS, our first-ever seven-seater in India to wear the iconic RS badge and the quickest Škoda yet in the country. It blends performance, space, and 4×4 capability into a bold, unmistakable expression of our racing DNA.” Continue reading “Škoda Auto expands the RS Legacy with the new Kodiaq RS”
Source : PTI | The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and instead asked them to source their requirements from bulk sale points, according to an official order.
The restrictions, which will be in place for up to 90 days, follows abnormal demand growth, particularly that of diesel, in some pockets after bulk users started buying fuel from petrol pumps due to the pricing difference. While diesel at petrol pumps costs Rs 95.20 a litre in Delhi, bulk sales are priced at Rs 134.50. Continue reading “Govt bars bulk industrial petrol, diesel purchases through petrol pumps”
Source : PTI | Amazon is primarily relying on on-site charging infrastructure for its growing fleet of electric delivery vehicles in India, while also working with partners to expand charging and transportation options as it pushes towards its sustainability goals, a top company executive said.
The US-based e-commerce giant already has plans to introduce over 1,000 electric trucks into its operations in India over the next five years, joining the existing 10,000 electric vehicles fleet. The move is aimed at delivering packages to customers from Amazon fulfilment centres more sustainably. Continue reading “Amazon leveraging own charging infrastructure to grow electric delivery fleet in India”
Summary
(Reuters) – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire.
At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has managed to retain a loyal following despite his stratospheric net worth and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. Continue reading “SpaceX IPO makes Elon Musk the world’s first trillionaire”
(Reuters) – Ford is recalling 255,404 vehicles in the U.S. over an issue with the canister purge valve, which may malfunction, causing the engine to stall unexpectedly while driving, the U.S. National Highway Traffic Safety Administration said on Friday.
The recall affects certain 2012-2018 Focus vehicles which were previously repaired incorrectly, the regulator said.
The dealers will update the powertrain control module doftware free of charge, as per NHTSA. Continue reading “Ford to recall more than 255,400 US vehicles over engine issue”
Summary
NEW YORK, (Reuters) – Lyft joined Uber Technologies in suing New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.
The Lyft lawsuit was filed late Wednesday in Manhattan federal court, 24 hours after Uber sued. Continue reading “Lyft, Uber sue New York City to block driver retention law”
(Reuters) – Ford is recalling 548,463 vehicles in the United States over an issue with the center console, the U.S. National Highway Traffic Safety Administration said on Thursday.
The issue relates to the console’s chrome plating, which may bubble and peel over time, potentially resulting in sharp edges. Passengers who come in contact with these edges face an increased risk of injury, the regulator said. Continue reading “Ford to recall more than 548,000 US vehicles over defective center console”
BERLIN, (Reuters) – Volkswagen is pressing ahead with sweeping job cuts and cost reductions in Germany as planned, shrinking its workforce by 19,000 by the end of the year, CEO Oliver Blume is set to tell investors at the upcoming AGM.
More than 28,000 job cuts have been agreed as a binding target for 2030, according to a transcript of Blume’s speech for the event on June 18. Continue reading “Volkswagen to reduce workforce by 19,000 by end of year, CEO says”
WAF THINK TANK
India’s SUV Boom: Data, Strategy & What’s Next CarPhD
Market Ka Haal Chaal with Anuj Guglani, CEO WAF WAF Continue reading “WAF Auto News | The Auto World This Week (12th June 2026)”
The Electric Urban Car Family enters production with four models from three brands, all Made in Spain, that are set to make electric mobility accessible across Europe.
The SEAT & CUPRA plant in Martorell starts production of the CUPRA Raval and Volkswagen ID. Polo 01, leading a new era for mobility as it is ready to electrify Europe from Spain. The arrival of the Electric Urban Car Family, a project led by SEAT & CUPRA on behalf of the Volkswagen Group’s Brand Group Core, is set to make electric mobility accessible across the continent with four fully electric models across three distinct brands, all Made in Spain.
The institutional event marking this historic moment was attended by the Prime Minister of Spain, Pedro Sánchez; the CEO of the Volkswagen Group, Oliver Blume; Member of the Board of Management of Volkswagen AG, Brand Group Core; CEO Volkswagen Brand and Head of the Supervisory Board of SEAT & CUPRA, Thomas Schäfer; and the CEO of SEAT & CUPRA, Markus Haupt, along with the rest of the company’s Executive Committee. Continue reading “SEAT & CUPRA plant in Martorell starts production of CUPRA Raval and Volkswagen ID. Polo 01 leading a new era of mobility in Europe”
Source : PTI | The revenue of listed auto ancillary companies grew at a compound annual growth rate (CAGR) of 11 per cent during FY16-26, according to a report by Equirus Securities.
Sectoral revenues during the period rose nearly three-fold to about ₹5 lakh crore during the period, according to the report.
It noted that exports have more than tripled over the past decade and have emerged as an important contributor to industry growth alongside rising vehicle content and premiumisation trends. Continue reading “Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report”
Source : PTI | Kerala Cultural Affairs Minister P C Vishnunadh on Thursday said the Priyadarshini scheme would significantly enhance women’s mobility in the state.
The scheme offers free travel for women on KSRTC ordinary buses and is expected to strengthen their economic independence by reducing travel expenses.
Speaking to reporters, Vishnunadh said a study assessing the social impact of the scheme would be conducted, and its findings would be made available one month after its implementation.
SAN FRANCISCO, (Reuters) – General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM’s head of battery technology said.
The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use in future EV models, and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee. Continue reading “Exclusive: GM may ditch LFP batteries for future EVs”
BRUSSELS, (Reuters) – (This June 10 story has been corrected to say that Estonia and Denmark have also approved Tesla’s driver assistance software, in paragraph 4)
Tesla Full Self-Driving supervised driver assistance software has been authorised in Belgium, Annick De Ridder, the transport minister of Flanders region said on Wednesday in a post on X.
“I just signed the approval,” she said in a post on X featuring a picture of an official signed document. Continue reading “Tesla gets go-ahead to sell self-driving technology in Belgium”
(Reuters) – Honda Motor America is recalling 1,049,883 vehicles in the United States due to a defect in the tyre repair kit, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
The issue involves a faulty sealant bottle, in which pressure can build up, potentially causing the cap to detach and become a projectile, the regulator said. Continue reading “Honda recalls over 1 million US vehicles due to defective tyre kit, NHTSA says”
DETROIT, (Reuters) – The United Auto Workers has reached a deal with axle supplier Dauch Corp after a 10-day strike against the company at its Three Rivers, Michigan, plant, union President Shawn Fain said on Wednesday.
Continue reading “UAW reaches deal with Dauch Corp after 10-day strike”
BEIJING, (Reuters) – China’s northeastern city of Changchun, home to the country’s oldest automaker FAW Group, has released a draft plan through 2030 to revamp its decades-old auto sector, aiming to attract electric-vehicle makers such as BYD and Xiaomi.
Here are key points from the draft plan:
Continue reading “China’s Changchun unveils auto revamp plan, seeks BYD and Xiaomi to boost EV push”
Summary
NEW YORK, (Reuters) – Uber Technologies sued New York City to block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform.
In a complaint filed late on Tuesday night, Uber said the law against “wrongful deactivations” would improperly shield drivers who engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing “immediate and irreparable harm” by undermining the company’s reputation and goodwill. Continue reading “Uber sues New York City over ‘reckless’ driver protection law”
Source : PTI | More than 55,000 challans were issued and over 3,100 vehicles were impounded or towed during a week-long anti-encroachment and unauthorised parking drive conducted to decongest pavements and roads and ease traffic flow.
The Delhi Traffic Police said on Wednesday that the action was taken at 144 locations across Delhi between June 1 and June 7, with intensive operations carried out from June 3 to June 6 in all traffic circles and ranges in coordination with the MCD.
Source : PTI | Coworking solutions firm Urban Vault has given on sub-lease 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing service backed by Vietnam’s Vingroup.
Bengaluru-based Urban Vault currently has a portfolio of over 2.80 million sq ft, comprising more than 70,000 seats across 80 locations. It primarily has a presence in Bengaluru, Pune and Gurugram. Continue reading “Green SM leases 16,000 sq ft workspace in Gurugram”
ESKILSTUNA, Sweden, (Reuters) – Truckmaker Volvo Group said on Wednesday customer demand and deliveries in Europe are stable at good levels across the business in the second quarter while in North America, demand remains strong with production gradually increasing.
Continue reading “Truckmaker Volvo says demand is good in Europe, strong in North America”
(Reuters) – Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
The recall includes certain Honda Pilot, Ridgeline, Passport, Acura MDX vehicles, the NHTSA said.
The vehicles can experience failure of rear suspension components, such as the rear control arm which could lead to the loss handling and control, increasing the risk of a crash or injury. Continue reading “Honda America recalls more than 880,000 vehicles over rear suspension components failure”
Berlin, (Reuters) – Porsche will not produce a fully electric version of the 911 sports car, Porsche CEO Michael Leiters said at an event hosted by the magazine “Auto, Motor und Sport”, news agency dpa reported on Wednesday.
Continue reading “Porsche won’t produce fully electric 911, dpa cites CEO as saying”
Summary
BRUSSELS, (Reuters) – Renault’s electric vehicle order book is up by 50% in some markets, such as France and Germany, since the Iran war started, the carmaker’s Group CEO Francois Provost told Reuters in an interview on Wednesday.
Provost said Renault had no problems in terms of sourcing batteries but the company was having to work hard to keep up with demand for electric vehicles, and it was setting up a task force to tackle this matter. Continue reading “Renault EV orders have surged in Europe since Iran war began, says CEO”
SHANGHAI, (Reuters) – Wang Chuanfu, chairman of BYD , on Tuesday said he expected the Chinese firm to become the world’s largest automaker within five years, as he sought to reassure investors following a steep decline in the company’s share price.
BYD, which ranked sixth globally in 2025 with 4.6 million vehicles sold, has struggled to restore growth after its domestic sales were hit by intensified competition with local peers over the past year. Shares of the company have dropped more than 45% from their peak in Hong Kong over the past year, while its Shenzhen-listed stock has fallen 33%. Continue reading “BYD chairman says firm will be world’s biggest automaker in 5 years as shares slide”
(Reuters) – Harley-Davidson said on Tuesday it is bringing production of the Revolution Max engine platform for North America back to the U.S.
The motorbike maker uses the engine in its Sportster S, Nightster and Pan America 1250 models. Continue reading “Harley-Davidson to bring Revolution Max production back to US”
Summary
(Reuters) – SpaceX’s landmark listing this week is set to test the “Elon premium” that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.
The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it the seventh-biggest publicly traded U.S. company by market value.
Musk’s fans contend that his track record makes buying SpaceX shares at the IPO a no-brainer, but some investors and analysts say the expensive multiple it is expected to trade at makes the risk too high. Continue reading “SpaceX’s lofty valuation set to put ‘Elon premium’ to test”
SAN FRANCISCO, (Reuters) – General Motors is releasing a software update that allows some U.S. electric-vehicle owners to pipe power back to the electric grid, another example of car companies pursuing business opportunities in the energy sector.
The update gives owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of feeding electricity to the power grid. However, it remains unclear whether doing so will be popular with drivers, who may also want to keep their cars charged. Continue reading “GM to offer EV owners ability to sell power to US electricity grid”
Summary
TOKYO, (Reuters) – Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker’s troubles and the person they believed was the cause: Chief Executive Toshihiro Mibe.
Over months of text messages, as well as meetings and meals that sometimes included current executives, they laid out a case against the former engineer, according to a written summary of their discussions reviewed by Reuters and interviews with two participants. Continue reading “How Honda’s old guard tried, and failed, to oust its CEO”
Source : PTI | Vehicles entering the national capital will soon pass through Delhi’s border toll points without stopping as the MCD has initiated introducing a multi-lane free flow toll collection system, reducing traffic and vehicular emissions at the city entry points.
According to the plan, the civic body will upgrade its toll and environmental compensation charge (ECC) collection to an MLFF (Multi-Lane Free Flow) system across its 154 border entry points, officials said on Monday. Continue reading “Barrierless, free-flow toll system soon to ease congestion at Delhi border entry points”
Source : PTI | Crude oil price fell by ₹101 to ₹8,606 per barrel in the futures trade on Tuesday amid weak global trends.
On the Multi Commodity Exchange, crude oil futures for the June delivery slipped by ₹101, or 1.16 per cent, to ₹8,606 per barrel in a business turnover of 6,533 lots.
Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Continue reading “Crude oil futures fall amid weak global trends”
Source : PTI | The Karnataka government will issue smart cards to women under the Shakti Scheme enabling them to travel free in state-run buses more effectively, according to Transport Minister Byrathi Suresh.
The minister said that more than three crore people in the state are expected to receive these smart cards. Women will receive the cards at no cost, while men can obtain them by paying a fee, similar to a metro card. “These cards will need to be recharged once the balance is exhausted.”
Continue reading “Karnataka govt to issue smart cards for women bus passengers”
Michael Dunne is one of the world’s foremost experts on the Chinese automotive industry, electric vehicles, and global mobility transformation. As the CEO of Dunne Insights, Michael Dunne advises automotive manufacturers, technology companies, investors, and policymakers on the rapidly evolving landscape of electric mobility, automotive innovation, and the rise of China as a global automotive powerhouse.
With more than three decades of experience in the automotive sector, Michael Dunne has established himself as a leading authority on China’s electric vehicle revolution, battery supply chains, automotive manufacturing, and emerging mobility ecosystems. His deep understanding of both Western and Asian automotive markets has made him one of the most sought-after analysts and commentators on the future of the global automotive industry. Continue reading “Michael Dunne”
John McElroy is one of the most respected and influential voices in the global automotive industry, renowned for his decades-long contribution to automotive journalism, industry analysis, and thought leadership. As the host and founder of the Autoline Network, John McElroy has become a trusted source of insight for automotive executives, OEMs, suppliers, dealers, technology companies, and mobility innovators worldwide.
Widely recognized for creating Autoline Daily, the automotive industry’s first dedicated webcast for news and analysis, John McElroy has played a pioneering role in shaping how automotive intelligence is consumed across the sector. He also hosts the Emmy Award-winning Autoline This Week and co-hosts Autoline After Hours, platforms that regularly feature senior automotive leaders, policymakers, engineers, and industry experts discussing the future of mobility, vehicle technology, manufacturing, electrification, and transportation trends. Continue reading “John McElroy”
Summary
LONDON, (Reuters) – Uber said its users could sign up from Monday for a chance to ride in London’s first robotaxis as soon as regulators give the go-ahead for launch, which it expects in the coming months.
The cars will use AI technology from British startup Wayve to drive themselves round the capital’s streets, but will initially have trained operators sitting behind the wheel monitoring the system, the ride-hailing company said. Continue reading “London’s first robotaxis expected in months, Uber says”
Summary
BEIJING, (Reuters) – China’s car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen which is trying to revive its China business through locally developed electric vehicles.
Sales dropped 22.3% from a year earlier to 1.53 million vehicles last month, marking an eighth consecutive month of decline, data from the China Passenger Car Association (CPCA) showed on Monday. Continue reading “China car sales downturn extends into May as VW tests EV revamp”
