Truckers, commercial vehicle operators call for 4-day strike to protest bad roads in Mizoram

Truckers, commercial vehicle operators call for 4-day strike to protest bad roads in Mizoram

Source : PTI | Truckers and other commercial vehicle operators in Mizoram’s Kolasib district have called for a four-day strike from October 23 to protest the dilapidated condition of National Highway-306, the state’s vital link, an agitating leader said on Monday.

The blockade will be spearheaded by the Kolasib unit of the Mizoram Tipper Association (MTA) and Joint Action Committee (JAC) of drivers and owners of commercial vehicles in Kolasib town, he said.

Continue reading “Truckers, commercial vehicle operators call for 4-day strike to protest bad roads in Mizoram”

Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending

Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending

Source : PTI | KP Group company KPI Green Hydrogen and Ammonia, Desco Infratech Ltd, and Naveriya Gas have joined hands to spearhead hydrogen-natural gas blending projects, a statement said on Saturday.

Under the partnership, the three companies will initiate hydrogen-natural gas blending projects in the city gas distribution sector, Desco Infratech said in a statement. Continue reading “Desco Infratech, KPI Green Hydrogen and Ammonia join hands for hydrogen-natural gas blending”

Case against Ola Electric founder, senior officials after suicide of employee

Case against Ola Electric founder, senior officials after suicide of employee

Source : PTI | A case has been registered against the founder of Ola Electric and other senior officials of the company following the suicide of a 38-year-old engineer, who had accused them of “harassment”, police said on Monday. The deceased identified as K Aravind, had been working as a Homologation Engineer with Ola Electric in Koramangala since 2022.

In a statement, the company spokesman said the firm has challenged the registration of the FIR before the Karnataka High Court, and protective orders have been passed in favor of Ola Electric and its officials. Continue reading “Case against Ola Electric founder, senior officials after suicide of employee”

GRAP Stage 2 curbs kick in as Delhi’s air turns ‘very poor’

GRAP Stage 2 curbs kick in as Delhi’s air turns ‘very poor’

Source : PTI | The Commission for Air Quality Management (CAQM) has invoked Stage II of the Graded Response Action Plan (GRAP) across Delhi-NCR as the city’s air quality slipped into the “very poor” category, with the AQI crossing 300 mark.

The move came after the Sub-Committee on GRAP on Saturday reviewed the worsening pollution levels and forecasts by the India Meteorological Department (IMD) and the Indian Institute of Tropical Meteorology (IITM), which warned of further deterioration in the coming days.

Continue reading “GRAP Stage 2 curbs kick in as Delhi’s air turns ‘very poor’”

Jio-BP clocks 34% volume growth in petrol, diesel sales

Jio-BP clocks 34% volume growth in petrol, diesel sales

Source : PTI | Jio-BP, the fuel retailing joint venture of Reliance Industries and super major BP, clocked a 34 per cent rise in petrol and diesel sales in the September quarter as the joint venture aggressively expands its retail network.

Jio-BP clocked 1.8 million sales of petrol and diesel in July-September, 34 per cent more than a year ago, according to an investor presentation made by the company after the second quarter earnings announcement. Continue reading “Jio-BP clocks 34% volume growth in petrol, diesel sales”

Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package

Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package

(Reuters) – Proxy firm Glass Lewis has recommended that Tesla shareholders vote against the proposed $1 trillion pay package for CEO Elon Musk, days after ISS also urged investors to reject what might be the largest-ever compensation plan awarded to a company chief.

The Glass Lewis recommendation adds pressure to Tesla’s board ahead of a closely watched shareholder meeting on November 6 and renews scrutiny of Musk’s compensation after a Delaware court earlier voided his $56 billion pay package. Continue reading “Proxy firm Glass Lewis joins ISS in urging vote against Musk’s $1 trillion pay package”

US probes Alphabet unit Waymo robotaxis over school bus safety

US probes Alphabet unit Waymo robotaxis over school bus safety

Summary

  • NHTSA probes Waymo for school bus safety violations
  • Waymo’s fleet includes over 1,500 robotaxis in major US cities
  • Firm claims improvements already made for school bus safety

WASHINGTON, (Reuters) – The National Highway Traffic Safety Administration said on Monday it has opened a preliminary investigation into about 2,000 Waymo self-driving vehicles after reports that the company’s robotaxis may have failed to follow traffic safety laws around a stopped school bus.

The probe of the Alphabet unit is the latest scrutiny of self-driving systems by regulators reviewing how driverless technologies interact with pedestrians, cyclists and other road users. Continue reading “US probes Alphabet unit Waymo robotaxis over school bus safety”

China’s consumer subsidy scheme needs a rethink

China’s consumer subsidy scheme needs a rethink

Summary

  • Goods subsidies worth 300 bln yuan expire at the end of 2025
  • Scheme has maintained China’s growth trajectory towards 5%
  • But people who bought cars, durable goods don’t need more
  • Calls grow for service subsidies, structural measures

BEIJING/SINGAPORE, (Reuters) – Chinese doctor Lisa Zhu took full advantage of consumer goods subsidies this year, buying three air conditioners and a washing machine – the big-ticket spending policymakers want to see from households as they target roughly 5% economic growth. Continue reading “China’s consumer subsidy scheme needs a rethink”

Concerned carmakers race to beat China’s rare earths deadline

Concerned carmakers race to beat China’s rare earths deadline

Summary

  • China controls 70% rare-earth mining, 85% refining
  • Rare-earth-free motors are years from mass production
  • China pricing undermines new rare-earth mines abroad

LONDON/BERLIN, (Reuters) – Global automakers are scouring the globe for crucial rare earths ahead of looming Chinese export controls, with executives worried they could lead to parts shortages and plant closures.

Rare earth magnets power motors in car parts such as side mirrors, speakers, oil pumps, windshield wipers and fuel leakage and braking sensors. They play an even bigger role in EVs. Continue reading “Concerned carmakers race to beat China’s rare earths deadline”

General Motors lifts forecast as tariff outlook improves, shares surge 14%

General Motors lifts forecast as tariff outlook improves, shares surge 14%

Summary

  • GM raises annual profit forecast amid tariff relief
  • Shares surge 14%, on track for best day in six years
  • Quarterly adjusted earnings per share of $2.80 beat expectations
  • Tariff impact reduced to $3.5-$4.5 billion from $4-$5 billion

(Reuters) – General Motors raised its profit outlook for the year citing relief on two fronts: less pressure from tariff costs and lighter losses on electric cars, as it unwinds massive bets it made on the technology.

GM’s shares surged 14% on Tuesday morning as investors cheered the profit forecast and the automaker’s third-quarter results along with the company’s signals for an even stronger 2026, putting its shares on track for their biggest single day jump in nearly six years. Continue reading “General Motors lifts forecast as tariff outlook improves, shares surge 14%”

Apple’s F1 broadcast deal was years in the making

Apple’s F1 broadcast deal was years in the making

Summary

  • Apple’s F1 interest dates back almost a decade
  • Ecclestone ally reveals talks already in 2016
  • Cue says he had long thought about a deal

AUSTIN, Texas, (Reuters) – When Bernie Ecclestone was asked about a group of guests receiving VIP treatment at a Formula One race nine years ago, the commercial supremo said they were representatives of “a fruit company”.

The explanation reflected his particular sense of humour, and secretive way of working, rather than any disparagement of Apple Inc. Continue reading “Apple’s F1 broadcast deal was years in the making”

Ban on entry of polluting commercial vehicles into Delhi from November 1

Ban on entry of polluting commercial vehicles into Delhi from November 1

Source : PTI | New Delhi, The Commission for Air Quality Management (CAQM) on Friday approved a sweeping ban on the entry of polluting commercial vehicles into Delhi from November 1 and warned of strict action against officials failing to stop stubble burning in NCR states.

Chairing the 25th meeting of the Commission, CAQM Chairperson Rajesh Verma ratified directions empowering district authorities in Punjab, Haryana, Delhi, and NCR regions of Uttar Pradesh and Rajasthan to initiate legal proceedings against officials showing inaction on stubble burning.

Continue reading “Ban on entry of polluting commercial vehicles into Delhi from November 1”

Automobile exports rise 26% in Q2 as passenger vehicles, two-wheeler shipments spur

Automobile exports rise 26% in Q2 as passenger vehicles, two-wheeler shipments spur

Source : PTI | Automobile exports from India rose 26 per cent year-on-year in September quarter driven by highest-ever shipments of passenger vehicles, two-wheelers and three-wheelers during the period, as per the latest data released by industry body SIAM.

Passenger vehicle exports grew 23 per cent to 2,41,554 units in September quarter as against 1,96,196 units in the same period of last fiscal.

Continue reading “Automobile exports rise 26% in Q2 as passenger vehicles, two-wheeler shipments spur”

NCLT set aside insolvency plea against ZTE filed by TVS Supply Chain

NCLT set aside insolvency plea against ZTE filed by TVS Supply Chain

Source : PTI | The NCLT has dismissed an insolvency plea against the Indian unit of telecom gear manufacturer ZTE filed by TVS Supply Chain Solutions after observing a pre-existing dispute between the parties.

A Chandigarh-based bench of the National Company Law Tribunal (NCLT), the debt claimed by TVS Supply Chain Solutions was disputed and under reconciliation dating back to 2017, well before the statutory demand notice. Continue reading “NCLT set aside insolvency plea against ZTE filed by TVS Supply Chain”

Dutch government in talks with China over Nexperia export controls

Dutch government in talks with China over Nexperia export controls

AMSTERDAM, (Reuters) – The Netherlands is in talks with China over export controls imposed on the Chinese-owned chipmaker Nexperia, which has become tangled up in the trade frictions between the U.S. and China.

The Dutch government stepped in on September 30 to take control of Nexperia, which makes chips for carmakers and for consumer electronics, citing worries about the possible transfer of technology to Nexperia’s Chinese parent company, Wingtech. Continue reading “Dutch government in talks with China over Nexperia export controls”

Ford to recall nearly 625,000 US vehicles over camera display, seatbelt issues

Ford to recall nearly 625,000 US vehicles over camera display, seatbelt issues

(Reuters) – Ford is recalling nearly 625,000 vehicles in the U.S. due to seatbelt and rear-view camera display problems, the U.S. National Highway Traffic Safety Administration said on Friday.

The seatbelt recall affects 332,778 Ford Mustang vehicles, while the camera display issue recall covers 291,901 F-250, F-350 and F-450 super duty trucks, according to NHTSA notices. Continue reading “Ford to recall nearly 625,000 US vehicles over camera display, seatbelt issues”

BYD makes largest recall of over 115,000 cars due to design, battery issues

BYD makes largest recall of over 115,000 cars due to design, battery issues

BEIJING, (Reuters) – Chinese car maker BYD will make its largest recall yet of more than 115,000 Tang series and Yuan Pro vehicles produced between 2015 and 2022 due to design defects and battery-related safety risks, China’s market regulator said on Friday.

BYD has filed a plan with the State Administration for Market Regulation to recall 44,535 Tang series vehicles produced between March 2015 and July 2017 in which certain component design flaws may cause abnormal function. Continue reading “BYD makes largest recall of over 115,000 cars due to design, battery issues”

Boeing wins FAA approval to hike 737 MAX production to 42 planes per month

Boeing wins FAA approval to hike 737 MAX production to 42 planes per month

Summary

  • Boeing 737 MAX production increase seen key to financial stability
  • Boeing plans to quickly go to 42 737 MAX jets a month
  • FAA administrator called Boeing CEO to confirm the rate increase

WASHINGTON/SEATTLE, (Reuters) – Boeing won approval on Friday to raise its 737 MAX production to 42 planes per month, the Federal Aviation Administration said, easing a 38-plane cap in place since January last year and boosting its efforts to shore up its finances and move past concerns over safety and quality.

The FAA imposed the unprecedented production cap shortly after a 2024 mid-air emergency involving a new Alaska Airlines 737 MAX 9 that was missing four key bolts in a door plug, causing a gaping hole to open in the fuselage at 16,000 feet (4,900 m). The incident revealed widespread production safety and quality lapses at Boeing. Continue reading “Boeing wins FAA approval to hike 737 MAX production to 42 planes per month”

Trump approves expanding credits for US auto production, issues new 25% truck duties

Trump approves expanding credits for US auto production, issues new 25% truck duties

Summary

  • Trump imposing 25% tariffs on all medium, heavy duty trucks, parts
  • Commerce also imposing 10% tariffs on imported buses
  • Expanded credits could provide help to automakers building in the U.S.

WASHINGTON, (Reuters) – U.S. President Donald Trump on Friday signed orders expanding credits for U.S. auto and engine production and setting new 25% tariffs on imported medium- and heavy-duty trucks and parts starting November 1.

The tariffs, which the orders say are being made on national security grounds, are aimed at shifting more auto production to the United States but could be a significant blow to Mexico, which is the largest exporter of medium- and heavy-duty trucks to the United States. Continue reading “Trump approves expanding credits for US auto production, issues new 25% truck duties”

Govt working on steps to improve supply of rare earth minerals: Piyush Goyal

Govt working on steps to improve supply of rare earth minerals: Piyush Goyal

Source : PTI | The government is working on measures to improve supply of rare earth minerals, including negotiating trade pacts with Chile and Peru, promoting domestic exploration, and engaging startups in recycling and processing, Commerce and Industry Minister Piyush Goyal said on Friday.

China, the major player of these minerals, has imposed restrictions on the supply, which is disrupting the supply chains worldwide.

Continue reading “Govt working on steps to improve supply of rare earth minerals: Piyush Goyal”

FADA Moves the Supreme Court Over the GST Cess Issue — Seeks Relief on ₹2,500 Crore Blocked Credits

FADA Moves the Supreme Court Over the GST Cess Issue — Seeks Relief on ₹2,500 Crore Blocked Credits

By WAF Auto News Desk

“A Landmark Move in India’s Auto Retail Space”

In a decisive development that could shape the future of tax transitions in India, the Federation of Automobile Dealers Associations (FADA) has moved the Supreme Court over the issue of blocked compensation cess credits, amounting to nearly ₹2,500 crore.

The move follows the rollout of GST 2.0 on September 22, 2025, a major tax reform that abolished the compensation cess previously levied on certain vehicle categories.

While the reform aims to simplify taxation and enhance ease of doing business, the unintended consequence has been the blocking of legitimate input credits held by dealers across the country.

Continue reading “FADA Moves the Supreme Court Over the GST Cess Issue — Seeks Relief on ₹2,500 Crore Blocked Credits”

Automaker group warns Nexperia chip supply issue could quickly disrupt US production

Automaker group warns Nexperia chip supply issue could quickly disrupt US production

WASHINGTON, (Reuters) – A group representing major automakers warned late on Thursday that a chip disruption stemming from a dispute between China and the Dutch government could quickly impact U.S. auto production.

Carmakers and their suppliers received notice from chipmaker Nexperia last week that it could no longer guarantee delivery of its chips, said ACEA, the European Union’s auto association, which also said manufacturing could be significantly disrupted. Continue reading “Automaker group warns Nexperia chip supply issue could quickly disrupt US production”

Hero MotoCorp rides into the Spanish Market, Expanding its presence across 50 Countries

Hero MotoCorp rides into the Spanish Market, Expanding its presence across 50 Countries

After Italy, Hero MotoCorp strengthens its European presence through a new distribution partnership with Noria Motos in Spain

MADRID, SPAIN / NEW DELHI, INDIA, Oct 15, 2025 — Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today announced its official entry into the Republic of Spain in partnership with Noria Motos, part of the ONEX Group and Euro 5+ Models. As the world’s largest manufacturer of motorcycles and scooters for over 24 years serving a customer base of 125 million+ globally, this expansion marks Hero MotoCorp’s entry into its 50th international market, while strengthening its presence in Europe.

Mr. Sanjay Bhan, Executive Vice President, Hero MotoCorp, said, “Hero MotoCorp’s entry into Spain marks a defining milestone in our global expansion journey. Following our foray into Italy, our launch in Spain further strengthens our footprint across Europe – one of the world’s most dynamic two-wheeler markets in the world. With presence now spanning 50 international markets across five continents, we reaffirm our commitment to redefining the future of mobility through next-gen mobility solutions that deliver Limitless Freedom and Limitless Adventure to riders everywhere.” Continue reading “Hero MotoCorp rides into the Spanish Market, Expanding its presence across 50 Countries”

Maruti Suzuki signs Memorandum of Agreement with Transport Department, Government of Tamil Nadu, to automate 21 driving license test tracks under CSR initiative

Maruti Suzuki signs Memorandum of Agreement with Transport Department, Government of Tamil Nadu, to automate 21 driving license test tracks under CSR initiative

Summary

  • Automated Driving Test Tracks (ADTTs) to be set up across 10 cities for Light Motor Vehicles (LMV) and Two-Wheelers (TW) driving license testing
  • Tracks equipped with advanced video analytics, Radio Frequency Identification (RFID) and Harnessing Automobiles for Safety (HAMS) technologies for standardized, technology-driven testing process

Chennai / New Delhi, 14 October 2025: Maruti Suzuki India Limited (“Maruti Suzuki”) signed a Memorandum of Agreement (“MoA”) with the Transport Department, Government of Tamil Nadu to set up 10 Automated Driving Test Tracks (“ADTTs”) across the state. Continue reading “Maruti Suzuki signs Memorandum of Agreement with Transport Department, Government of Tamil Nadu, to automate 21 driving license test tracks under CSR initiative”

Ford to recall over 59,000 US vehicles over fire risks, NHTSA says

Ford to recall over 59,000 US vehicles over fire risks, NHTSA says

(Reuters) – Ford Motor is recalling 59,006 vehicles that are equipped with engine block heaters for fire risks, the U.S. National Highway Traffic Safety Administration said on Thursday.

The U.S. auto regulator said the engine block heater in certain vehicles may crack and develop a coolant leak, causing it to short-circuit. Continue reading “Ford to recall over 59,000 US vehicles over fire risks, NHTSA says”

Investors call for greater disclosure in Toyota’s buyout of group company

Investors call for greater disclosure in Toyota’s buyout of group company

Summary

  • Investors say offered premium is well below average of similar deals
  • Deal likely to strengthen influence of Toyoda family in the group
  • Investors seek clarity on conflict of interest for Akio Toyoda versus other shareholders

TOKYO, (Reuters) – Global investors have called on Toyota Motor to provide more disclosure about its planned buyout of group firm Toyota Industries, criticising what they said was “opaque” valuation and a failure to safeguard the interests of minority shareholders.

An August 8 letter – made public on Thursday – from some two dozen asset managers including AllianceBernstein, Neuberger Berman and Schroders, is likely to deepen scrutiny of a deal that promises a landmark unwinding of cross-shareholdings and to strengthen the influence of the founding Toyoda family within the group. Continue reading “Investors call for greater disclosure in Toyota’s buyout of group company”

Horse power: Renault-Geely engine unit speeds up as EV shift stutters

Horse power: Renault-Geely engine unit speeds up as EV shift stutters

Summary

  • Horse Powertrain makes petrol engines and hybrids
  • Aims to be top engine maker by 2035, currently third
  • JV between France’s Renault and China’s Geely
  • Supported by slower shift to fully electric cars

MUNICH/STOCKHOLM, (Reuters) – When French carmaker Renault and China’s Geely (GEELY.UL) carved out their combustion-engine operations in 2022, the venture looked like a footnote to an outdated technology. Now, Horse Powertrain has a new lease of life.

The joint venture aims to become the world’s top engine maker by 2035, betting that legacy carmakers pivoting to EVs will still need suppliers to make combustion engines for them as the energy transition stutters. Continue reading “Horse power: Renault-Geely engine unit speeds up as EV shift stutters”

Stellantis to recall over 298,000 US vehicles over rollaway risk

Stellantis to recall over 298,000 US vehicles over rollaway risk

(Reuters) – Stellantis is recalling 298,439 vehicles in the U.S. due to a shifter cable defect that could disable the park function and allow the vehicle to roll away, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The shifter cable may detach from the transmission, preventing the vehicle from shifting into the park position, the NHTSA said. Continue reading “Stellantis to recall over 298,000 US vehicles over rollaway risk”

Nissan to recall more than 173,000 US vehicles over fuel pump issue

Nissan to recall more than 173,000 US vehicles over fuel pump issue

(Reuters) – Nissan is recalling 173,301 vehicles in the United States due to a potential issue with blown fuel pump fuses that can cause engine stalling, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The fuel tank temperature sensor harness may have been incorrectly routed, damaging wires and causing a short circuit in the fuel pump fuse, the NHTSA said. Continue reading “Nissan to recall more than 173,000 US vehicles over fuel pump issue”

Waymo to launch autonomous ride-hailing service in London next year

Waymo to launch autonomous ride-hailing service in London next year

(Reuters) – Alphabet’s Waymo plans to launch its fully driverless ride-hailing service in London in 2026, the robotaxi firm said on Wednesday, as it looks to expand its footprint to major international cities.

Waymo has grown slowly but steadily over the years in the United States despite tough regulations and expensive technology. Now, it is picking up speed through partnerships with ride-hailing platforms and fleet operators at a time when Tesla is rolling out its long-promised robotaxi service in the country. Continue reading “Waymo to launch autonomous ride-hailing service in London next year”

Norway proposes widening EV tax to include mass-market Tesla models

Norway proposes widening EV tax to include mass-market Tesla models

Summary

  • Norway plans to phase out EV tax exemptions by 2027
  • Finance Minister Stoltenberg cites achievement of EV sales goal
  • Parliamentary negotiations needed for budget’s approval
  • Pro-EV lobby group wants staggered phase-out

OSLO, (Reuters) – Norway plans to eliminate its main subsidy for electric vehicles over the next two years, the government said on Wednesday, adding thousands of dollars to the cost of new cars like Tesla’s Model Y, the country’s top-selling automobile. Continue reading “Norway proposes widening EV tax to include mass-market Tesla models”

Stellantis’ $13 billion investment plan in US wins nod from investors, analysts

Stellantis’ $13 billion investment plan in US wins nod from investors, analysts

(Reuters) – Stellantis’ new $13 billion investment plan in the U.S. marks a key step to countering tariffs imposed by President Donald Trump and to reviving the automakers’ sales in its main market, investors and analysts said on Wednesday.

The plan, announced late on Tuesday, would help buffer the group from U.S. tariffs, an impact the French-Italian-American group had estimated in July at about $1.7 billion this year. Continue reading “Stellantis’ $13 billion investment plan in US wins nod from investors, analysts”

Canada threatens Stellantis with legal action over plan to shift output to US

Canada threatens Stellantis with legal action over plan to shift output to US

OTTAWA, (Reuters) – Canada threatened legal action against automaker Stellantis NV on Wednesday over what Ottawa says is the company’s unacceptable plan to shift production of one model to a U.S. plant.

Stellantis announced a $13 billion investment in the U.S. on Tuesday, a move it said would bring five new models to the market. As part of the plan, production of the Jeep Compass will move to Illinois from a facility in Brampton in the Canadian province of Ontario. Continue reading “Canada threatens Stellantis with legal action over plan to shift output to US”

Expect electric model range to account for 30% of overall sales before 2030: BMW India

Expect electric model range to account for 30% of overall sales before 2030: BMW India

Source : PTI | Luxury carmaker BMW expects its electric vehicle sales to surge over the next few years, accounting for around 30 per cent of the overall sales before 2030, driven by new products and enhanced adoption of green vehicles in the country, according to company’s President and CEO Hardeep Singh Brar.

The German luxury carmaker’s electric vehicle portfolio in India currently accounts for around 21 per cent of the overall sales. Continue reading “Expect electric model range to account for 30% of overall sales before 2030: BMW India”

Ola Electric likely to foray into BESS mkt

Ola Electric likely to foray into BESS mkt

Source : PTI | Ola Electric is likely to enter the energy storage market, which is expected to reach over $30 billion by 2030, sources said. Ola Electric chairman and managing director Bhavish Aggarwal has hinted at a major announcement on October 17, suggesting the company’s entry into the segment.

In a tweet, Aggarwal stated that power in India is transitioning “from utility to deep tech – intelligent, portable, and personal”, signalling a potential shift beyond the company’s core electric vehicle business. Industry sources speculate the announcement could involve Battery Energy Storage Systems (BESS) for homes and businesses, leveraging Ola’s existing 4680 Bharat Cell technology from its Tamil Nadu Gigafactory.

Continue reading “Ola Electric likely to foray into BESS mkt”

Zomato joins delivery platforms coalition to drive green vehicles adoption

Zomato joins delivery platforms coalition to drive green vehicles adoption

Source : PTI | Zomato on Tuesday said it has joined a coalition of major food and grocery delivery platforms aimed at advancing the adoption of zero-emission two- and three-wheeler vehicles globally.

The formation of the industry-led alliance, Deliver-E Coalition, which has the backing of the United Nations Environment Programme (UNEP) earlier in the day was announced in Dubai with Delivery Hero, DoorDash, iFood, Mr D, Swiggy, Uber, Wolt as its founding members besides Zomato.

Continue reading “Zomato joins delivery platforms coalition to drive green vehicles adoption”

Tarun Garg is the New MD & CEO of Hyundai Motor India Limited

Tarun Garg is the New MD & CEO of Hyundai Motor India Limited

By WAF Think Tank

 

In a landmark move that underscores Hyundai’s confidence in its Indian leadership, Tarun Garg has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Hyundai Motor India Limited (HMIL). The appointment marks the first time an Indian executive will helm the local operations of the Korean automaker. 

A Historic Leadership Transition

Tarun Garg will assume the MD & CEO role in January 2026, succeeding Unsoo Kim, who led the company through its high-profile IPO and will return to the Hyundai Motor headquarters in South Korea for a strategic role. 

This move is significant not only symbolically but strategically. Under Kim’s leadership, Hyundai Motor India undertook a successful ₹3.3 billion IPO in 2024 — the largest in India at that time. 

Anuj Guglani, CEO, World Auto Forum said,’With Tarun Garg’s appointment, Hyundai signals a pivot toward more localised leadership in India — harnessing homegrown talent to drive India-specific strategies, expansion plans, and innovation.’

Continue reading “Tarun Garg is the New MD & CEO of Hyundai Motor India Limited”

Enigma Automobiles secures ₹6.5 crore credit facility from SBI

Enigma Automobiles secures ₹6.5 crore credit facility from SBI

Source : PTI | Electric two-wheeler manufacturer Enigma Automobiles on Monday said it has secured a credit facility of ₹6.5 crore from State Bank of India (SBI) to boost growth and expansion into tier-1 cities.

The working capital support, structured as a term loan and an LC (line of credit), will provide the company with the financial flexibility to accelerate production and strengthen its expansion strategy, Enigma said.

Continue reading “Enigma Automobiles secures ₹6.5 crore credit facility from SBI”

Exclusive: Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show

Exclusive: Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show

(Reuters) – Foxconn’s two-year pursuit of a stake in a unit of German auto supplier ZF Group stalled last month due to a substantial mismatch in valuation expectations and a higher-than-estimated debt pile, according to documents seen by Reuters.

The findings from the Taiwanese firm’s due diligence were circulated days before ZF Group said in October that it would abandon its plans to spin off its powertrain technology unit, known as Division E. Continue reading “Exclusive: Foxconn bid for stake in unit of Germany’s ZF Group stalls, documents show”