Summary

• China’s June industrial profits +15.1% y/y vs +21.1% y/y in May
• Industrial firms face weak demand, official says
• Autos among sectors that underperformed

BEIJING, (Reuters) – Profits at China’s industrial firms grew at a ‌solid, though slower, pace as resilient exports helped cushion sluggish domestic demand, highlighting the economy’s uneven recovery despite policymakers’ efforts to spur consumption. Continue reading “China’s industrial profit growth moderates as exports cushion uneven recovery”

Source : PTI | Rajasthan Chief Minister Bhajanlal Sharma on Sunday flagged off 144 new buses from the Heera Pura bus terminal here, saying the move will strengthen public transport and make travel more convenient for commuters across the state.

After flagging off the buses, Sharma said the state government is expanding public transport services to ensure safe, affordable and accessible travel for people in all regions.

Continue reading “Rajasthan CM Bhajanlal Sharma flags off 144 buses in Jaipur to boost public transport”

Source : PTI | Maharashtra Chief Minister Devendra Fadnavis on Thursday launched the Bharat Taxiride-sharing app at the Navi Mumbai International Airport premises, stating that it will protect commuters from surge pricing.

Bharat Taxi, which operates on a zero-commission and surge-free pricing model with direct profit distribution to drivers, is being positioned by the government as an indigenous alternative to foreign investment-based platforms.

Continue reading “Maharashtra CM launches Bharat Taxi service at Navi Mumbai International Airport”

Summary

• CATL Q2 net profit rose 36.5% y/y, revenue up 56.9%
• Stronger-than-expected profit boosted by energy storage business growth
• CATL to buy back A-shares worth 20 billion to ​40 billion yuan

BEIJING, (Reuters) – Chinese battery giant CATL reported stronger-than-expected second-quarter profit, ‌driven by robust growth in its energy storage business that helped offset softer demand in the electric vehicle market. Continue reading “China’s CATL tops quarterly profit forecasts on robust energy storage business”

(Reuters) – Ford ​is recalling 565,691 vehicles ‌in the U.S. as the engine compartment ​wiring harness may ​become damaged and short circuit, ⁠the National Highway ​Traffic Safety Administration said ​on Friday.

Here are the details: Continue reading “Ford to recall more than 565,000 US vehicles over engine compartment fire risk”

Source : PTI | India’s electric vehicle sector is entering a broader scale-up phase, with EV penetration likely increasing to 10-12 per cent of the overall vehicle sales in this fiscal from 8.5 per cent in the last year, driven by e-two-wheelers, ratings agency Ind-Ra said.

The agency said it expects EV adoption to remain strongest in segments where the economics of electrification are already compelling. Continue reading “EV penetration may rise to 10-12% of total sales in FY27: Ind-Ra report”

Summary

• Executives cited city-specific rules and operational snags for the measured rollout
• Analyst questioned why fleet size remains in the dozens, not hundreds
• Tesla has contrasted its approach with Waymo’s deliberate rollout

LOS ANGELES, (Reuters) – A year ago, Tesla CEO Elon Musk ​said the company’s robotaxi network would expand at a “hyper-exponential rate” and be available to half the population of the U.S. by the end of ‌2025. Continue reading “Tesla’s once-bullish tone on robotaxis shifts”

Summary

• Founder & CEO Amnon Shashua to step down
• Shares down 15% in early trading

(Reuters) – Amnon Shashua, CEO of Mobileye since founding it in 1999, will step down, ​just as the autonomous-driving technology firm makes a big push into ‌a robotaxi service and robotics. Continue reading “Mobileye founder’s decision to step down as CEO, weak forecast hit shares”

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(Reuters) – Harley-Davidson reported lower second-quarter profit and revenue but raised its annual forecast on Thursday, as the ​legacy motorbike maker leaned on its wider turnaround plan to ‌navigate higher costs of raw materials.

The company has been focused on its “Back to the Bricks” turnaround plan which attempts ​to capture younger riders by bringing back some ​of Harley’s iconic motorcycles and rolling out models with smaller engines. Continue reading “Harley-Davidson posts lower quarterly results as raw material costs rise”

The MoU marks a significant step towards strengthening India’s organised pre-owned commercial vehicle market through technology, transparency, and nationwide reach.

July 17, 2026 | New Delhi: Shriram Automall India Limited (SAMIL), India’s Largest Phygital Marketplace for Pre-owned Vehicles, Equipment, and Other Assets has entered into a strategic partnership with Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturers, through the signing of a Memorandum of Understanding (MoU). The collaboration aims to create a structured, transparent, and efficient marketplace for certified pre-owned Ashok Leyland commercial vehicles, making quality mobility solutions more accessible to customers across the country. Continue reading “SAMIL AND ASHOK LEYLAND partner to strengthen india’s pre-owned commercial vehicle ecosystem”

Summary

• Second-quarter sales rose 2.3%, after logistics issues cut first-quarter volumes 3.3%
• Renault brand sales in Europe grew 2.6%, helped by electric R5
• Renault is prioritising retail buyers over low-margin rental fleet sales

PARIS, (Reuters) – Renault Group sales rebounded ‌in the second quarter as strong demand for its Renault 5 electric vehicle helped the French automaker resist mounting pressure from Chinese rivals rapidly expanding across Europe. Continue reading “Renault’s hit EV helps fend off Chinese rivals as quarterly sales rebound”

Source : PTI | By producing more EVs, China aims to reduce its reliance on imported oil from countries such as Iran, Russia and Venezuela. It also hopes to leapfrog countries that historically have dominated the global car manufacturing industry, including Germany, Japan and the US. In September 2020, the Chinese government folded these objectives into a national decarbonisation strategy.

In 2025, more than half of the new cars sold in China were EVs. And Chinese-made vehicles are gaining traction around the world. In the United Kingdom, more than 30 per centof the new cars sold in 2025 were EVs. In Norway, EV sales surged to represent more than 95 per centof the country’s total car sales in 2025. Continue reading “Chinese companies are taking over the EV market. What’s behind their meteoric rise?”

Source : PTI | The state-run KSRTC will launch a pilot women-only ‘Pink Bus’ night service from Thursday to ensure safer travel for women, Transport Minister C P John said.

The state-level launch of the service, introduced in major state routes as part of the UDF government’s 100-day action plan, will be held at the Kerala State Road Transport Corporation (KSRTC) Central Depot here, the minister said in a statement on Wednesday. Continue reading “Kerala to launch women-only night ‘Pink Bus’ service from July 23”

PARIS, (Reuters) – Renault reported a slight drop in sales volumes for the first half of the year ​on Thursday, as rising competition in its key European ‌market from new Chinese rivals curbed growth at some of its brands.

The French automaker, whose sales volumes dipped 3.3% in the first quarter due to logistics ​issues at its low-cost Dacia brand, said it sold 1.17 ​million cars and vans in the first six months ⁠of the year, down 0.4% from the same period of 2025. Continue reading “Renault first-half sales volumes slip on Chinese competition”

Summary

• Q2 operating profit falls 21% on weaker sales, production disruptions, higher costs
• Keeps full-year margin guidance, sees second-half recovery
• Higher raw material costs add 400 bln won in Q2
• Annual margin target remains challenging -analyst

SEOUL, (Reuters) – Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle ‌sales, production disruptions, and higher costs offset support from a weaker won. Continue reading “Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches”

(Reuters) – BMW is ‌recalling 318,495 U.S. vehicles as ​an engine ​starter may overheat and catch fire, ⁠the National ​Highway Traffic Safety ​Administration (NHTSA) said on Thursday.

The recall affects certain ​models including ​Toyota Supra, 4 Series ‌Convertible, ⁠4 Series Coupe, 3 Series, X4, and ​X3 ​vehicles. As ⁠part of the remedy, ​dealers will ​replace ⁠the engine starter, free of ⁠charge. Continue reading “BMW to recall over 318,000 US vehicles over starter motor overheating risk”

Summary

• Financing includes £450 million senior secured loan plus £100 million delayed-draw facility
• Shares are down about 44% this year
• CFO Doug Lafferty said funds support ​current and future product plans

(Reuters) – Aston Martin has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment ​Partners, it said on Wednesday, bolstering liquidity at the loss making luxury ​carmaker. Continue reading “Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners”

LISBON/MADRID, (Reuters) – Ford Motor and China’s Geely have struck a landmark deal ​under which the U.S. automaker will sell part of its Almussafes plant near Valencia, ‌paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday.

Citing sources familiar with the matter, ABC said the announcement was expected during a visit to the Almussafes plant on Thursday by Spanish ​Prime Minister Pedro Sanchez and Ford Europe President Jim Baumbick. Continue reading “Ford and Geely strike deal for EV production at Spanish plant, newspaper reports”

Summary

• Tesla’s car-business profitability contracted in second quarter
• Strain on auto profit comes as capital spending surges
• Tesla looks to growth in Full Self Driving to boost profitability

(Reuters) – As Elon Musk pivots to robots and AI, he wants investors to stop thinking of Tesla as simply an automaker. Yet to fund ​those bets, he is relying on a car business that is under mounting pressure, as the company’s second-quarter results on Wednesday showed. Continue reading “As Musk pivots beyond cars, Tesla’s autos engine is under strain”

Summary

• GM raises its 2026 profit outlook by $500 million to $14-$16 billion
• Quarterly EBIT rises to $3.9 billion from roughly $3 billion a year earlier
• GM keeps its forecast for a $2.5 billion to $3.5 billion tariff hit

DETROIT, (Reuters) – General Motors continues to navigate a messy global operating ‌environment – tariffs, rising energy costs and other inflationary pressures – by leaning on an eager American car buyer. Continue reading “GM boosts profit outlook, cites ‘resilient’ consumer demand”

Summary

• Bill would bar sales by automakers more than 15%-owned by Chinese entities
• Provision would apply to Mercedes-Benz, which has nearly 20% Chinese ownership
• Rules cover Bluetooth, Wi-Fi, cellular connectivity and some satellite communications technologies
• Battery management software amendment fails ​as automakers sought changes

(Reuters) – The U.S. Senate Commerce Committee approved legislation on Wednesday to toughen a government ‌ban on Chinese automakers entering the American market that could bar German automaker Mercedes-Benz from selling vehicles in the United States. Continue reading “US Senate panel approves bill cracking down on the sale of Chinese vehicles”

Source : PTI | State-owned NHAI on Monday said residents living within a 20 km radius of an eligible toll plaza can purchase a local pass digitally through the Rajmargyatra Mobile App, allowing unlimited travel through the respective toll plaza during the month.

Earlier, commuters were required to visit the toll plaza physically and submit supporting documents to establish their eligibility. Under the new digital framework, the entire process can now be digitally completed within a few minutes. Continue reading “Residents within 20 km can now buy toll passes online through Rajmargyatra: NHAI”

Source : PTI | Himachal Pradesh government was taking necessary steps to implement the provision extending the maximum operational life of All India Tourist Permit (AITP) vehicles from 12 years to 15 years, said Deputy Chief Minister Mukesh Agnihotri on Tuesday.

The deputy CM, who also holds the portfolio of Transport Department, said that with this, the long-pending demand of AITP taxi operators in Himachal Pradesh has been fulfilled, a statement issued here said. Continue reading “Himachal extends All India Tourist Permit vehicle lifespan to 15 years”

Summary

• Indexes mixed: Dow up 0.5%, S&P 500 flat, Nasdaq down 0.3%
• Super Micro surges after strong business update
• AT&T jumps after strong wireless subscriber additions in Q2
• Alphabet, Tesla to report Q2 results after the bell

(Reuters) – U.S. stock indexes were mixed on Wednesday, as ​weakness in chip shares soured sentiment ahead of the first batch of Big Tech earnings that could decide the ‌durability of Wall Street’s AI-driven rally. Continue reading “Wall St mixed as caution builds ahead of Big Tech earnings”

Summary

• Volkswagen aims to start Level 3 deliveries in China in second half of 2027
• Agreement ​gives CARIZON access to Horizon Robotics’ AI
• Partnership also to boost Level 4 ‌development for robotaxis

BERLIN, (Reuters) – Volkswagen said on Wednesday its China-based automated driving unit CARIZON will deepen its partnership with Horizon Robotics to speed up development of advanced self-driving technologies. Continue reading “Volkswagen’s CARIZON and Horizon Robotics deepen self-driving partnership in China”

BEIJING, (Reuters) – Shanghai authorities said on Wednesday it convened major automakers, dealer groups ​and internet platforms to reinforce compliance ‌requirements as part of a campaign to regulate online information dissemination in the automotive ​sector. Continue reading “Shanghai holds compliance guidance meeting with automakers including Tesla, BYD”

Summary

• Bill would bar sales by automakers more than 15% owned by Chinese entities
• Provision would apply to Mercedes-Benz, which has nearly 20% Chinese ownership
• Rules cover Bluetooth, Wi-Fi, cellular connectivity and some satellite communications technologies
• Battery management ​software remains disputed as automakers push for changes before committee vote

(Reuters) – The U.S. Senate Commerce Committee is set to consider bipartisan legislation to toughen a U.S. government ban on Chinese automakers entering the American market, but some provisions remain under debate ahead of ​an expected vote Wednesday. Continue reading “US Senate panel to vote on Chinese vehicle crackdown bill”

Mumbai, 21 July 2026 – Škoda Auto India has expanded its Slavia range with the Slavia Monte Carlo receiving two new exclusive colour options – Shimla Green and Steel Grey. They are both offered in a distinctive dual-tone finish. Exclusive to just 200 units, these limited colour editions of the Slavia Monte Carlo combine the sedan’s dynamic design and engaging driving experience with the brand’s Rallye Monte Carlo heritage. The addition lends an even stronger visual presence and is aimed at customers seeking a more distinctive and exclusive ownership experience. Continue reading “Limited edition Škoda Slavia Monte Carlo adds new colours”

(Reuters) – Nissan is recalling 168,149 vehicles ​in the U.S., ‌as the Gross Axle Weight Rating (GAWR) ​listed on the ​certification label is incorrect, ⁠which can ​allow the vehicle ​to be overloaded, the National Highway Traffic Safety ​Administration (NHTSA) said ​on Tuesday.

The recall affects certain ‌Nissan ⁠Armada, Infiniti QX56, and QX80 vehicles, the regulator ​said. Continue reading “Nissan to recall about 168,000 US vehicles over incorrect weight rating labels”

(Reuters) – Mobileye Global will supply Stellantis with cloud-driven advanced driver-assistance technology, the Israeli company ​said on Tuesday, as automakers race to meet rising ‌demand for connected safety systems.

The ADAS hardware maker’s shares were up about 6% in premarket trading. Continue reading “Mobileye to supply Stellantis with cloud-based driver assistance technology”

WASHINGTON, (Reuters) – U.S. Treasury ‌Secretary Scott Bessent said on Tuesday that the 50% tariffs on a ​range of imports from ​Canada were “reciprocity” for trade actions by ⁠Ottawa on U.S. dairy, ​alcohol and beverages.

U.S. President Donald Trump ​on Monday announced tariffs on nearly $20 billion worth of Canadian goods over the northern ​neighbor’s retaliatory tariffs on ​U.S. autos, steel, aluminum and liquor and ‌its ⁠high dairy tariffs. Continue reading “US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity’”

(Reuters) – Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle ​maker races to prove that it can ‌scale its autonomous ride-hailing business beyond its initial launch markets.

The move comes a day before Tesla reports second-quarter ​earnings, with Wall Street closely watching the ​progress on robotaxis, which underpin much of ⁠the company’s valuation as CEO Elon Musk shifts ​focus toward artificial intelligence, autonomous driving and humanoid ​robots. Continue reading “Tesla expands robotaxi service to Orlando, Tampa ahead of earnings”

Summary

• US, Mexico launch third round of trade deal talks without Canada
• Mexico’s new ambassador to US expects USMCA deal by year-end
• USTR Greer says Trump’s ‘No. 1 goal’ is to lower trade deficits with Mexico and Canada
• Talks in Mexico City to revisit autos content, regional barriers to Chinese goods

MEXICO CITY, (Reuters) – U.S. ​and Mexican trade negotiators launched a third round of bilateral talks on Tuesday to try to revise the North American trade agreement, just as President Donald Trump said ‌he would impose new duties on Canada. Continue reading “US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs”

Summary

• Heavy outlays target AI infrastructure, robotaxis and Optimus
• Barclays says stronger vehicle operations can help finance AI-related expenditures
• Quarterly update may show first cash burn in over two years

(Reuters) – Tesla is expected to report its first quarterly cash burn in over two ​years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay ‌off. Continue reading “Tesla cash burn to test investor faith in AI bets”

Summary

• Rule bans Chinese connectivity software from 2027 models and hardware from model-year 2030
• Eagle Wireless is one of few U.S. suppliers of connectivity modules
• Shifting sourcing away from China can raise module costs by 5% to 15%

SOLON, Ohio, (Reuters) – A nondescript facility south of Cleveland has become an early staging ground for the auto industry’s next supply-chain pivot: replacing vehicle hardware from China. Continue reading “U.S. auto industry races to purge Chinese connected-car hardware amid federal push”

Madhus Garage Equipment, in association with Hunter Engineering, officially launched the Hunter Road Force WalkAway and Hunter Revolution WalkAway for the Indian market during an exclusive customer event held at JW Marriott, Bengaluru, on Jul 15, 2026.

The event was hosted by Madhus Garage Equipment under the leadership of Nikhil B, Managing Director, and Ravi B.M, Chairman, with participation from Tom Gant, Regional Manager, Hunter Engineering, along with customers, dealers, workshop owners, OEM representatives and automotive professionals from across India. Continue reading “Madhus Garage Equipment and Hunter Engineering Launch Road Force WalkAway and Revolution WalkAway in India”

Source : PTI | In less than four months since its launch, the Mukhyamantri Gram Parivahan Yojana has covered 56 of Uttar Pradesh’s 75 districts, where bus services have been launched on rural routes, officials said on Sunday.

The Mukhyamantri Gram Parivahan Yojana was approved during a Cabinet meeting in March. Under the scheme, bus services are being extended to villages and rural routes where regular public transport was previously unavailable. Continue reading “UP rolls out rural bus scheme across 56 districts, deploys 215 mini buses”

Source : PTI | Hinduja group flagship firm Ashok Leyland expects the domestic commercial vehicles market to grow in single digit this fiscal as demand continues to be buoyant despite headwinds due to the West Asia war.

The diesel price hikes have had an impact on demand initially but have now stabilised, Ashok Leyland President MHCV, Sanjeev Kumar, told PTI here.

Continue reading “Ashok Leyland expects single-digit CV industry growth in FY27”

SEOUL, (Reuters) – Samsung Electronics said on Tuesday it ​will set up a robotics division reporting directly ‌to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine.

The South Korean conglomerate ​said the RX, or “Robotics eXperience”, division will oversee its ​mid-to-long-term robotics strategy, core technology development and business ⁠execution, while expanding research capabilities at home and overseas. Continue reading “Samsung Electronics creates robotics division; ex-Hyundai executive to head strategy”