Source : PTI | The government is rolling out 50-100 ethanol fuel stations in Delhi-NCR, Pune, Mumbai and Nagpur, with an aim to reduce imports of fossil fuels, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday.

He expressed hope to expand this network of ethanol fuel stations to 500 by the end of 2026.

Speaking on the sidelines of the launch of India’s first flex fuel car by Maruti Suzuki, Puri said he anticipates that by the end of 2027, India will have 5,000 ethanol fuel stations. Continue reading “Govt rolling out 100 ethanol fuel stations in Delhi-NCR, Maharashtra: Puri”

Source : PTI | The Bihar government on Wednesday announced that 200 electric buses will begin operations this month as part of efforts to modernise public transport and promote clean mobility in the state.

The state cabinet had approved ₹517.16 crore on May 6 for the induction of 400 air-conditioned electric buses under the PM e-Bus Sewa Phase-II scheme.

“A total of 400 electric buses will be introduced in six cities—Patna, Muzaffarpur, Gaya, Bhagalpur, Darbhanga and Purnea. In the first phase, 200 buses are scheduled to start operations in June,” Transport Department Secretary Raj Kumar said. Continue reading “Bihar to roll out 200 electric buses in June under clean mobility push”

• New Bold and Purposeful Exterior: Newly styled bold yet sophisticated radiator grille, updated front and rear bumper garnishes
• Freshness in Interiors with Added Convenience: New dual‑tone leather seat upholstery, updated interior trim finishes – instrument panel, door trims and bezels in Grace Copper and wood‑pattern highlights, refined detailing for AC controls and switches. Added convenience features like Tire Pressure Monitoring System (TPMS) and a wireless charger.
• New enhancements aim to offer a bold and elegant yet muscular character, delivering a refined blend of comfort, practicality and adaptability for the evolving mobility needs across age groups
• Legacy: Over 21 years of leadership, backed by trust, quality, and peace of mind—synonymous with brand Innova.
• Unmatched Performance with Smooth Drivability: Powered by Toyota’s proven 2.4‑litre diesel engine paired with a manual transmission, delivering dependable performance and smooth drivability

Bangalore : Toyota Kirloskar Motor (TKM) today announced the launch of the New Innova Crysta, India’s most loved MPV, featuring new bold design elements and added convenience.  In line with Toyota’s philosophy of delivering ever better cars and a strong customer‑first approach, the latest upgrade has been thoughtfully designed to meet evolving customer expectations, further strengthening its legacy as a trusted mobility partner for millions of Indian families. Continue reading “Toyota Introduces the New Innova Crysta with Premium Styling and New Design Elements”

Source : PTI | Madhya Pradesh Chief Minister Mohan Yadav on Tuesday said that his government would launch a state-run bus service in phases, and women will be able to travel in these buses by the coming Rakshabandhan festival.

A state transport service plays a very important role in the lives of the poor but the existing service was discontinued during the Congress regime, he told reporters here. Continue reading “Madhya Pradesh government to roll out state-run bus service”

Source : PTI | Digital-first insurer ACKO has strengthened its leadership team with four senior appointments across its auto, health, customer experience and mobility ecosystem businesses as it prepares for the initial public offering (IPO).

The company has appointed Apoorv Kalra, former Chief Product Officer at Junglee Games, to lead its auto business. Kunal Kapur, previously with Meta, will head the health business while Vivek Sharma, founder of Fixcraft, will lead the ACKO Drive Ecosystem. Neha Gupta, formerly with Zepto, has joined to lead the assisted experience. Continue reading “ACKO strengthens leadership team ahead of IPO plans”

Source : PTI | Vehicles without a valid Pollution Under Control Certificate (PUCC) will not be provided fuel at petrol pumps in NCR districts in Uttar Pradesh from October 1 as part of measures to curb air pollution, Chief Secretary S P Goyal said on Wednesday.

Eight districts of UP — Gautam Buddh Nagar, Ghaziabad, Hapur, Bulandshahr, Meerut, Muzaffarnagar, Baghpat and Shamli — are part of the National Capital Region (NCR), which also comprises districts from Haryana, Rajasthan and entire Delhi. Continue reading “No PUC certificate, no fuel from Oct 1; UP targets 35% pollution cut in 2026 in NCR districts”

DETROIT, (Reuters) – Dozens of workers took to picket lines Monday morning at an axle plant in Michigan ​that supports production of General Motors trucks, some of ‌the Detroit automaker’s most popular and profitable vehicles.

On Sunday, the United Auto Workers announced that workers at the plant in Three Rivers, Michigan, ​owned by Dauch Corp, would walk off the job ​starting Monday. Dauch, formerly named American Axle, is ⁠a major supplier of driveline parts. Continue reading “GM supplier strike could impact truck production”

Summary

• Hundreds of ships, 20,000 seafarers remain stranded amid ongoing conflict and safety concerns
• Ship managers and insurers say safe passage assurances needed before resuming normal Hormuz traffic
• Industry leaders highlight operational strain, with some owners avoiding Gulf due ​to risk

ATHENS, (Reuters) – Even if the U.S. and Iran agreed to halt the war ‌and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told Reuters.

Renewed hostilities in the three-month-old conflict are testing a shaky ceasefire while hundreds of ships and ​about 20,000 seafarers remain stuck in the region with Hormuz largely closed. Continue reading “Strain grows on shipping industry with vessels stuck inside Hormuz”

MILAN, (Reuters) – Fiat will start sales of its Grizzly mid-sized SUV and Grizzly Fastback model in ​the second half of this year in ‌Europe, the Middle East and Africa, with plans to expand to other regions, the Stellantis -owned brand said on ​Wednesday.

As part of its new business plan to ​2030, Stellantis is aiming for more than 60 ⁠new vehicle launches and 50 significant refreshes, ​across all brands, to help claw back the ​market share the automaker has lost in several regions, including in North America and Europe, its largest ones. Continue reading “Fiat to start sales of Grizzly SUV and Grizzly Fastback in second half of the year”

Summary

• Tata-Chery deal shows India’s depedence on Chinese tech
• Deal to speed up launch of Tata’s Avinya EVs – sources
• Plans for two models, with first launch in 2027 – sourcesWithout Chery platform, Tata risks losing EV lead – source
• Chery says Tata deal builds on success with JLR

NEW DELHI, (Reuters) – Tata Motors will use an ​automaking platform from Chery to locally build electric cars under its premium Avinya brand, underscoring the dependence on Chinese technology after its original plan ‌with Jaguar Land Rover was shelved.

Reuters first reported that Tata will use Chery’s platform to launch its Avinya EV, as India’s biggest electric carmaker seeks to get its long-delayed programme back on track and maintain its pole position. Continue reading “Exclusive: India’s Tata taps Chery for premium EV push, leveraging Chinese tech”

Summary

• SpaceX secures tax incentives for Terafab chip plant despite strong local opposition
• Residents voice concerns over resource strain, environmental impact and lack of project details
• Musk says proposed Texas fab would lift Grimes County tax revenue by around 25%
• Supporters cite job creation, investment and U.S. tech competitiveness against China

ANDERSON, Texas/NEW YORK,  (Reuters) – SpaceX secured tax incentives on Wednesday for its proposed Terafab chip manufacturing ​project in Grimes County, Texas, despite fierce opposition from residents who warned the development could strain local resources and disrupt the rural community.

The project is central to SpaceX’s efforts to expand ‌beyond rockets and satellite communications into advanced computing infrastructure and domestic chip production — ambitions that investors view as a key pillar of the company’s future growth. Continue reading “SpaceX wins Texas tax breaks for chip project, ahead of record IPO”

WASHINGTON, (Reuters) – The increasing need for memory chips to power artificial intelligence data centers could lead to ​dramatic price hikes in U.S. consumer goods and disrupt supply chains, groups representing automakers, ‌retailers, electronic firms and others said on Wednesday.

The groups said in a letter to the U.S. Treasury and Commerce departments that “an urgent imbalance in the market for memory chips could lead to significant and sustained near-term price increases ​for American households and disrupt critical U.S. supply chains.” Continue reading “Automakers, retailers warn US memory-chip shortage is impacting prices”

BRUSSELS, (Reuters) – European automotive, construction, metals, chemicals and transport sectors could lose ​up to 1.3 million jobs ‌this year as a result of a surge in energy prices caused by the U.S.-Iran ​conflict, Labour Commissioner Roxana Minzatu ​said on Wednesday. “Due to the war ⁠in the Middle East, up ​to 1.3 million jobs are at risk ​and we are talking about jobs in energy-intensive industry, particularly,” Minzatu told a news ​conference.

• The EU automotive sector could face ​the biggest layoffs of up to 600,000, the ‌European ⁠Commission estimated.
• Construction, metals, chemicals, transport could lose 56,000 jobs.
• Some 85,000 jobs in battery projects could be at risk ​and 58,852 ​jobs ⁠in solar manufacturing.
• Another 4,500 jobs could go in the ​steel sector because of low-carbon ​measures.
• Low-income ⁠households could spend an additional 1.4% of income on transport fuel.
• The EU ⁠manufacturing ​sector employs around 30 ​million people, while services provide almost 87 million ​jobs.

Continue reading “EU could lose 1.3 million jobs due to energy price surge linked to Iran war, Commission says”

SAN FRANCISCO, (Reuters) – Uber has committed close to half a billion dollars in self-driving startup Nuro, two sources directly aware of the matter told Reuters, detailing the extent of a major investment ​by the ride-hailing company in developing commercial robotaxis.

After years of false starts, the robotaxi ‌industry is re-accelerating development, testing and early commercial deployment, led by companies including Tesla, Alphabet’s (GOOGL.O) Waymo and Amazon’s Zoox. Continue reading “Exclusive: Uber’s commitment to self-driving startup Nuro is close to $500 mln, sources say”

Summary

• To build new electric, hybrid Peugeots in Mulhouse from 2029
• Cars will be made on new platform being rolled out across group
• Aiming for ​2 million new cars on STLA One platform by 2035 – ‌CEO

MULHOUSE, France, (Reuters) – Stellantis will produce three new electric and hybrid Peugeot models at ​its Mulhouse factory in eastern France from 2029, the automaker ​said on Tuesday, as part of a revamped global that ⁠includes a major new product push.

The launches will be backed by ​a €400 million ($466 million) investment in the Mulhouse plant, alongside a further €500 million ​for research and development. Most of the R&D spending will go into the new STLA One platform, which is designed to underpin a new range of electrified ​vehicles. Continue reading “Stellantis deepens France investment with new Peugeot EV production”

Source : PTI | RSB Transmissions, a Bain Capital-backed automotive components platform, on Monday announced it has completed the acquisition of Setco Auto Systems, a supplier of clutch systems and aftermarket drivetrain solutions for medium and heavy commercial vehicles.

Setco Auto Systems Private Limited was a subsidiary of Setco Automotive Limited (SAL).

The acquisition marks a significant step in RSB’s strategy to scale its presence in the automotive components sector and build a systems-led, multi-product platform with leadership across the original equipment manufacturer (OEM) and aftermarket segments, the company stated. Continue reading “RSB Transmissions acquires clutch systems supplier Setco Auto Systems”

Source : PTI | Crude oil prices fell marginally to ₹8,697 per barrel in futures trade on Tuesday, tracking losses in global benchmarks even as investors remained cautious over the fluid geopolitical situation involving the US and Iran.

On the Multi Commodity Exchange (MCX), the most-traded June contract slipped by ₹39, or 0.45 per cent, to ₹8,697 per barrel in a business turnover of 9,045 lots. Continue reading “Crude oil futures slip amid uncertainty over US-Iran ceasefire talks”

Maruti Suzuki Production volume: May 2026 Continue reading “Maruti Suzuki Production volume: May 2026”

Anthropic said on Monday it has confidentially filed for ​a U.S. initial public offering, as ‌the Claude chatbot maker races with arch rival OpenAI to go public in what would ​be one of the biggest IPOs ​of all time.

The move comes ahead of SpaceX’s ⁠mega IPO, which is set to ​rewrite the record books as the Elon ​Musk-led company pursues a $1.75 trillion valuation. Continue reading “From Saudi Aramco to Alibaba: World’s biggest IPOs”

Summary

• Jury convicts Left of securities fraud, acquits on four counts, sentencing set for August 31
• Prosecutors allege Left manipulated markets via media, profiting from misleading stock calls
• Legal experts had questioned DOJ’s aggressive case, citing First Amendment and investor rights

(Reuters) – A U.S. jury found prominent investor Andrew Left guilty of securities fraud ‌on Monday, the Justice Department said, in a blow to a divisive cohort of short sellers who have for years goaded public companies in the U.S. and overseas with allegations of fraud and mismanagement.

U.S. authorities charged Left in July 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions ​in multiple companies’ shares, including Nvidia and Tesla making at least $20 million in the process. Continue reading “US jury finds investor Andrew Left guilty of securities fraud”

BENGALURU, (Reuters) – India’s top carmakers reported higher sales ​in May, with market leader Maruti Suzuki saying bookings ‌for its compressed natural gas vehicles jumped 40% after fuel prices rose due to the energy shock from the Iran war.

India raised petrol and ​diesel prices at least four times during May to ​offset losses from soaring crude oil costs linked ⁠to the Iran conflict, adding to automakers’ woes as they ​also grapple with higher raw material costs, supply-chain disruptions and labour ​issues. Continue reading “Indian automakers’ sales rise in May despite rising fuel prices”

(Reuters) – New registrations of Tesla cars rose across several ​European markets in May, continuing a recovery in the U.S. electric vehicle maker’s European sales.

Tesla registrations, ‌a proxy for sales, increased year over year by 655% to 5,446 vehicles in France and 29% in Norway, to 3,345 vehicles, figures from Norwegian compiler OFV and French car body PFA showed on Monday. Continue reading “Tesla May registrations jump in several European markets as recovery continues”

Source : PTI | India is likely to bring a mandate on blending isobutanol with diesel as early as this year to improve energy security in the country and decarbonise the road and highways sector, Ministry of Roads, Transport and Highways (MoRTH) Secretary V Umashankar said on Friday.

Addressing the ‘CII Multimodal Transportation and Logistics Summit’, Umashankar further said that the highways ministry may bring a draft notification on truck-trailers interchangeability soon to build an ecosystem that needs battery-swapping and battery charging for electric heavy duty commercial vehicles. Continue reading “Diesel-isobutanol blending mandate likely this year, says transport secretary”

Source : PTI | Deputy Chief Minister Chowna Mein on Friday described the Arunachal Pradesh State Transport Services (APSTS) as a lifeline of the state that has played a crucial role in connecting remote communities and driving socio-economic development over the past five decades.

Addressing the inaugural function of the three-day APSTS Golden Jubilee celebrations at Khonsa in Tirap district, Mein said the growth of APSTS from a modest beginning with just two buses in 1975 to a major public transport institution today mirrors the development journey of the state itself. Continue reading “Arunachal Pradesh State Transport Services backbone of connectivity: Deputy CM Mein”

Tesla says its Full Self-Driving software is up to 10 times safer than human drivers. But the figures the company uses to support its claims don’t withstand scrutiny – and staffers who trained the technology say it isn’t close to safely delivering autonomous vehicles at scale.

Continue reading “Why Tesla’s AI trainers don’t trust its self-driving tech – or its safety stats”

Summary

• USTR seeks 50% US content in North American-built cars and trucks under USMCA
• US autos demands more onerous than current trade deal, no Canada-specific provision
• “Not even a hint” of US threat to quit USMCA, Mexican official says

WASHINGTON/MEXICO CITY, (Reuters) – The Trump administration issued a sweeping demand to Mexico to raise the level of regional content in North American-built cars and trucks to 82% ‌to qualify for preferential trade deal access, with 50% of that value produced in the United States, four people familiar with the U.S. negotiating stance said on Friday.

The proposed new thresholds were revealed to automakers during two days of bilateral talks to revise the U.S.-Mexico-Canada Agreement on trade that concluded on Friday. Canada was excluded from the negotiations in Mexico City. Continue reading “Trump administration wants to raise North American auto content to 82%, with half from US”

Summary

• BYD’s May global sales up 0.3% year-on-year, production up 8.8%
• Overseas sales continue robust growth
• Challenges in home market remain

BEIJING, (Reuters) – Chinese electric vehicle giant BYD snapped its longest streak of declining ​sales in May, despite weakening domestic demand and intensifying competition continuing to weigh on ‌performance.

Vehicle sales globally grew 0.3% from a year earlier to 383,453 units last month, according to Reuters calculations based on a stock filing on Monday, following eight months of sales contraction. Continue reading “BYD snaps longest streak of sales declines”

DETROIT, (Reuters) – United Auto Workers President Shawn Fain on Sunday called ​for a strike at a Michigan factory that ‌makes axles for General Motors pickup trucks, some of its most profitable vehicles.

The Detroit union said late on Sunday that workers ​at the plant in Three Rivers, Michigan, owned ​by Dauch Corp would walk off the job ⁠at midnight (0400 GMT). Continue reading “UAW calls for a midnight strike at GM pickup truck axle supplier”

Summary

• Tesla accepts Syrah is producing conforming AAM samples
• Syrah shares on course for best day since October 2023

(Reuters) – Australia’s Syrah Resources (SYR.AX), opens new tab said on Monday Tesla has ‌withdrawn a notice of intent to end their graphite supply deal over an alleged quality default, accepting the miner is now producing conforming samples.

Under its 2021 contract with Elon Musk-led Tesla, ​Syrah aimed to supply 8,000 metric tons of graphite anode materials ​over a four-year period from its Vidalia plant in Louisiana. Continue reading “Tesla drops threat to scrap graphite supply deal with Australia’s Syrah”

Source : PTI | Domestic commercial vehicle industry is showing “amazing” resilience despite the challenges emanating from the West Asia war that has led to fuel price hikes, Ashok Leyland Managing Director & CEO Shenu Agarwal said on Thursday.

The boost from the GST rate cut and replacement of ageing fleets continue to drive demand momentum, but it remains to be seen how the situation unfolds “as the decisions on this war are taken”, he told reporters during an earnings call. Continue reading “CV industry showing resilience, not much impact of fuel price hike on demand: Ashok Leyland MD”

Summary

• USTR seeks 50% US content in North American-built cars and trucks under USMCA
• US autos demands more onerous than current trade deal, no Canada-specific provision
• “Not even a hint” of US threat to quit USMCA, Mexican official says

WASHINGTON/MEXICO CITY, (Reuters) – The Trump administration issued a sweeping demand to Mexico to raise the level of regional content in North American-built cars and trucks to 82% ‌to qualify for preferential trade deal access, with 50% of that value produced in the United States, four people familiar with the U.S. negotiating stance said on Friday.

The proposed new thresholds were revealed to automakers during two days of bilateral talks to revise the U.S.-Mexico-Canada Agreement on trade that concluded on Friday. Canada was excluded from the negotiations in Mexico City. Continue reading “Trump administration wants to raise North American auto content to 82%, with half from US”