SYDNEY, (Reuters) – Shares of Chinese car maker Chery Automobile jumped 11.2% as the company started trading on the Hong Kong Stock Exchange on Thursday following its $1.2 billion initial public offering.
Chery, best known for its Chery, Jetour and iCAR brands, is tapping investor appetite as it expands in the competitive electric and smart vehicle market. Continue reading “China’s Chery Automobile shares soar 11.2% in Hong Kong trading debut”
BERLIN, (Reuters) – Germany’s VDA car industry association on Thursday welcomed the United States lowering tariffs retroactively from August 1 but said exporters still faced challenging trade barriers.
“This is an important step,” VDA President Hildegard Mueller said in a statement, after President Donald Trump’s administration said it was formally implementing the U.S. trade agreement with the European Union. Continue reading “German auto lobby welcomes lower US tariffs but says EU must push further”
Summary
LONDON, (Reuters) – Britain’s government is considering throwing a financial lifeline to carmaker Jaguar Land Rover’s suppliers after a shutdown caused by a cyberattack was extended until October, a government source said on Thursday.
The luxury carmaker owned by India’s Tata Motors has three factories in Britain which together produce about 1,000 cars per day. The company is losing at least 50 million pounds ($68 million) a week, according to the BBC, with many of its 33,000 staff told to stay at home. Continue reading “Britain considering support for Jaguar Land Rover’s suppliers”
(Reuters) – Chinese EV maker BYD sold three times as many new cars in the European Union last month than in August 2024, surpassing U.S. competitor Tesla for the second consecutive month, data from the European auto lobby ACEA showed on Thursday.
Stellantis returned to sales growth in Europe for the first time in over a year, as the overall market expanded with a boost from plug-in hybrid (PHEV) and battery-electric (BEV) sales. Continue reading “BYD outsells Tesla in EU for second month, Stellantis returns to sales growth”
Source : PTI | Murugappa Group firm Montra Electric HCV (IPL Tech) on Wednesday said it is set to unveil its advanced electric heavy commercial manufacturing facility at Manesar in Haryana.
This will be Montra Electric HCV’s first all-women fully automated battery production unit, the company said. Continue reading “Montra Electric to unveil eHCV commercial manufacturing plant in Manesar”
Source : PTI | Renewable energy solutions provider Suzlon on Wednesday said it will transition its entire vehicular fleet to electric mobility by 2035.
After committing to power all its facilities with 100 per cent renewable energy by 2030, Suzlon has taken another bold step in its sustainability journey by joining the global EV100 initiative of Climate Group, a company statement said.
Continue reading “Suzlon to switch entire fleet to EVs by 2035”
BERLIN, (Reuters) – Mercedes-Benz announced changes to its top management on Wednesday, replacing chief technology officer Markus Schaefer with head of production Joerg Burzer, as it pursues cost efficiencies with a younger board.
Burzer, aged 55, will assume responsibility for development and procurement and take on the CTO role from the beginning of December together, the German company said in a statement. Continue reading “Mercedes appoints new technology, production chiefs”
(Reuters) – The U.S. National Highway Traffic Safety Administration said on Wednesday it had opened a preliminary evaluation into 17,198 Rivian electric delivery vans over seat belt concerns.
The probe focuses on the driver’s front outboard seat belt anchorage system, which uses a steel-braided cable to secure the belt to the seat frame. Continue reading “US auto safety regulator opens probe into 17,000 Rivian delivery vans”
Summary
WASHINGTON, (Reuters) – A group representing nearly all major automakers asked the Trump administration Tuesday to roll back aggressive vehicle emissions limits that seek to force the industry to build a rising number of electric vehicles. Continue reading “Major automakers call for EPA to ease tailpipe emissions rules”
(Reuters) – Ford Motor Co is recalling 115,539 vehicles in the U.S. due to a defect that could cause the steering column’s upper shaft to detach, the U.S. National Highway Traffic Safety Administration said on Wednesday.
The issue, which can potentially lead to a loss of steering control, affects vehicles from model years 2020 through 2021, and includes F-250, F-350, and F-450 vehicles, the U.S. auto safety regulator said. Continue reading “Ford to recall over 115,500 US vehicles due to steering column defect”
Summary
TOKYO, (Reuters) – The French government is reviewing whether Nissan’s European business paid suppliers on time, and it has asked the automaker to submit extensive financial records for 2024, correspondence reviewed by Reuters showed. Continue reading “Exclusive: France to review Nissan Europe’s supplier payments, letter shows”
Source : PTI | Tata Motors on Tuesday said its dealers retailed around 10,000 passenger vehicles on the first day of Navratri amid a drop in vehicle prices due to a revamped GST regime.
The Mumbai-based auto major also recorded over 25,000 customer enquiries at its passenger vehicle dealerships across the country. Continue reading “Tata Motors records 10k passenger car retails on first day of Navratri”
Source : PTI | Lower rates of Goods and Services Tax (GST) that took effect from Monday are expected to boost sales of light commercial vehicles (LCVs) by 25 to 30 per cent during the festival season between September and October, a senior official of Ashok Leyland said on Tuesday.
“The move to reduce GST rates is a historic tax reform of this century. We expect this to lead to a 25 to 30 per cent increase in LCV sales during the current festive season between September and October compared to the same period last year,” Viplav Shah, head of LCV business at the Hinduja Group’s flagship firm, told reporters here. Continue reading “GST cut to increase sales of light commercial vehicles by 30% during festivals: Ashok Leyland official”
Summary
STOCKHOLM/DETROIT (Reuters) – Volvo Cars said on Tuesday it will begin producing a new hybrid model in the United States by the end of this decade as the Swedish auto maker continues to adjust to President Donald Trump’s tariff policies.
The new model, details of which have yet to be released, will be designed for the U.S. market and help Volvo boost the capacity utilisation at its South Carolina plant, the company said in a statement. Continue reading “Volvo Cars to produce new US model amid tariff pressure”
Summary
LONDON, (Reuters) – Britain’s biggest carmaker Jaguar Land Rover is extending the closure of its factories until October 1 following a cyberattack in early September that has left its operations paralysed and smaller suppliers struggling.
The luxury carmaker, owned by India’s Tata Motors has three factories in Britain, which together produce about 1,000 cars per day. The company is losing 50 million pounds ($68 million) a week, according to the BBC, with many of its 33,000 staff told to stay at home. Continue reading “UK’s Jaguar Land Rover cyberattack shutdown to hit four weeks”
by WAF Think Tank
Midnight’s Children – Salman Rushdie
(A Booker-winning masterpiece capturing India’s post-independence journey)
The God of Small Things – Arundhati Roy
(A haunting, poetic tale of love, loss, and caste realities—Booker Prize winner)
The White Tiger – Aravind Adiga
(A sharp, darkly comic look at India’s class divide—Booker Prize winner)
Interpreter of Maladies – Jhumpa Lahiri
(Pulitzer Prize-winning short stories on diaspora and identity)
Malgudi Days – R.K. Narayan
(Timeless short stories from the fictional town of Malgudi, a classic Indian favorite)
Oye Hoye! – Anuj Guglani
(A refreshing and witty narrative that blends observation, humor, and inspiration—fast becoming a modern standout in Indian writing) Continue reading “Top 10 Must Read Books by Indian Authors”
(Reuters) – Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday.
The automaker said the incident, which is under investigation, exposed only basic contact information and did not involve financial details or sensitive personal data. Stellantis did not specify how many customers were affected. Continue reading “Stellantis detects breach at third-party provider for North American customers”
(Reuters) – China’s Chery Automobile is planning to price its shares at HK$30.75 ($3.96) each to raise $1.2 billion in a Hong Kong initial public offering, two sources with direct knowledge of the matter said on Monday.
The company last week started a bookbuild to sell 297.4 million shares in a price range of HK$27.75 to HK$30.75 each, according to its regulatory filings. Continue reading “China’s Chery Automobile to price shares at top of range in Hong Kong IPO, sources say”
Summary
(Reuters) – Tesla CEO Elon Musk tantalized investors in July with a robotaxi update: After a small-scale test in Austin, Texas, Tesla would rapidly expand driverless cabs to markets including the San Francisco Bay Area, where it was “getting the regulatory permission to launch.” Continue reading “Musk’s robotaxi plans for San Francisco alarmed, confused regulators, emails show”
BEIJING, (Reuters) – Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.
The filing by Berkshire’s energy subsidiary recorded the value of its BYD investment as zero as of end-March, down from $415 million at the end of 2024. Continue reading “Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows”
Summary
BERLIN, (Reuters) – Investors punished German sports car brand Porsche on Monday after the firm, caught between its iconic gas guzzlers and a shift to electric vehicles, warned that its profits this year would be hurt by delays in its EV roll-out. Continue reading “Porsche caught between a slowing China, EV road bumps, and Trump”
Summary
BARCELONA, (Reuters) – When Javier Hernandez went car shopping in Barcelona, he ended up choosing a plug-in hybrid by China’s BYD – swayed by a price nearly 10,000 euros cheaper than European rivals.
The 51-year-old Spanish excavator operator wanted something cheap and versatile for city drives and trips to the Catalan mountains, but had doubts about Chinese electrified cars as he didn’t know the brands well. Continue reading “China’s BYD makes gains in Spain with low EV prices, fast expansion”
(Reuters) – Stellantis detected unauthorized access to a third-party service provider’s platform that supports its North American customer service operations, the company said in a statement on Sunday.
The automaker said the incident, which is under investigation, exposed only basic contact information and did not involve financial details or sensitive personal data. Stellantis did not specify how many customers were affected. Continue reading “Stellantis detects breach at third-party provider for North American customers”
TOKYO, (Reuters) – Nissan Motor said on Monday it has started testing a new driver-assistance system that uses technology from British startup Wayve, ahead of a planned launch in Japan in the 2027 financial year.
The Japanese automaker demonstrated the system in Tokyo earlier this month using Ariya electric vehicles equipped with advanced collision avoidance features designed to assist drivers in urban areas. Continue reading “Nissan showcases assisted driving system using UK startup Wayve’s technology”
(Reuters) – Electric vehicle maker Polestar is recalling 27,816 cars in the United States due to a rearview camera issue, the U.S. National Highway Traffic Safety Administration said on Saturday.
The NHTSA said the rearview camera image in certain Polestar 2 vehicles may not display when the car is placed in reverse, increasing the risk of a crash.
Car dealers will update the vehicle software free of charge. Continue reading “EV maker Polestar recalls over 27,000 US vehicles due to rearview camera issue, NHTSA says”
(Reuters) – Tesla has been approved to start testing autonomous robotaxi vehicles with a safety monitor in Arizona, the state transportation department said in an email to Reuters on Friday.
Tesla had applied in June for a permit to begin trials for an autonomous vehicle ride-sharing service, and now plans to test robotaxis in the Phoenix Metro area using safety drivers, the Arizona Department of Transportation said in its email. Continue reading “Tesla wins approval to test autonomous robotaxis in Arizona”
Source : PTI | Mid-sized motorcycle maker Royal Enfield on Friday said it has tied up with e-commerce marketplace Flipkart to sell its entire 350cc portfolio.
The company’s 350cc range – the Bullet 350, Classic 350, Hunter 350, Goan Classic 350 and the new Meteor 350 will be available on Flipkart, starting September 22, 2025, in five cities – Bengaluru, Gurugram, Kolkata, Lucknow and Mumbai, the company said in a statement.
Continue reading “Royal Enfield ties up with Flipkart to sell 350 cc bikes”
Source : PTI | Ola Electric is gearing up for the festive season with an aggressive production and inventory push, aiming to slash vehicle delivery timelines by more than half, from the current handover period of 12-14 days, sources said.
Reducing delivery timelines and improved handover experience have been identified as a key priority for the company this season.
Source : PTI | Buyers are in for a bonanza with leading automakers Maruti Suzuki, Tata Motors and Hyundai Motor India set to cut prices from Monday, coinciding with the first day of the auspicious Navaratri period.
Luxury carmakers Mercedes-Benz and BMW as well as two-wheeler makers are set to reduce prices with new GST coming into force from September 22. Continue reading “Navaratri bonanza for buyers as car, bike makers roll out price cuts”
Source : PTI | State-run oil explorers ONGC and Oil India Ltd are planning to begin a ₹3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said.
In the first phase, four wells will be drilled in deepsea of Andaman, Mahanadi, Saurashtra and Bengal sedimentary basins.
Continue reading “ONGC, OIL aim to launch ₹3,200 cr stratigraphic drilling campaign next year”
Summary
BERLIN/FRANKFURT, (Reuters) – Porsche AG on Friday dialled back plans for its electric vehicle rollout due to weaker demand, pressure in key market China and higher U.S. tariffs, causing the luxury sportscar maker and its parent Volkswagen to slash their 2025 profit outlooks. Continue reading “Porsche EV roll-out delay deals $6 billion hit to parent Volkswagen”
(Reuters) – U.S. chip designer Nvidia has signed, a letter of intent for a possible $500 million investment in the next funding round at Britain’s Wayve, the autonomous driving technology group said on Thursday.
The development comes after Britain and the United States signed a technology pact aimed at boosting ties in artificial intelligence and other fields. Continue reading “Nvidia explores $500 million investment in UK self-driving startup Wayve”
WASHINGTON, (Reuters) – The U.S. Senate voted on Thursday to confirm the top auto safety official along with dozens of other nominees, including officials overseeing highways and pipelines.
The Senate voted 51-47 to confirm Jonathan Morrison to head the National Highway Traffic Safety Administration and 47 other nominees, the first time the NHTSA has had a permanent leader in three years. Continue reading “US Senate confirms top auto safety official, who will oversee Tesla probes”
BEIJING, (Reuters) – The China Association of Automobile Manufacturers (CAAM) has launched an anti-discrimination probe into the impact on the auto industry of U.S. trade policy over chips, the association said in a statement on Friday.
Automakers are called on to submit their inputs as of October 13. Continue reading “China auto industry body to launch discrimination probe into US chips”
PARIS, (Reuters) – Stellantis unveiled an electric vehicle prototype on Friday featuring a faster-charging, lighter and more affordable battery that eliminates the need for a separate inverter and charger.
The IBIS (Intelligent Battery Integrated System) was developed in partnership with TotalEnergies subsidiary Saft. It is one of the first of its kind and provides weight and space savings and is easier to service, Stellantis said. Continue reading “Stellantis unveils lighter, faster-charging EV battery”
(Reuters) – Ford Motor is recalling 101,944 Taurus sedans in the United States due to a defect that could cause door trim to detach while driving, the National Highway Traffic Safety Administration said on Friday.
The issue involves the B-pillar trim on the driver and front passenger doors, which may come loose during vehicle operation. Detached trim pieces could fall onto the road, causing a road hazard, NHTSA said in the notice. Continue reading “Ford recalls nearly 102,000 vehicles over risk of door trim detachment, NHTSA says”
Source : PTI | The transport authority of Mumbai Metropolitan Region (MMR) has directed app-based taxi and auto rickshaw aggregators to follow the base fare of black-and-yellow taxis until the government decides on separate rates for them.
The three aggregator firms — Uber, Ola and Rapido — were supposed to incorporate the existing fare structure of black-and-yellow taxis in their mobile applications before 5 pm on September 18. Continue reading “Ola, Uber, Rapido asked to follow base fare of black-&-yellow taxis in Mumbai”
Source : PTI | Delhi Chief Minister Rekha Gupta stated on Thursday that ensuring safe traffic cannot rely solely on rules and penalties; it must become the responsibility of every citizen and part of their lifestyle.
Gupta earlier attended the 26th Annual Conference of the Society of Automotive Fitness and Environment (SAFE) and the SIAM (Society of Indian Automobile Manufacturers) Green Plate EV Rally at Bharat Mandapam. Continue reading “Adopting electric vehicles essential to make Delhi pollution-free: CM Gupta”
Source : PTI | India’s electric vehicle market is surging, with 20.38 lakh EVs sold in FY 2024-25, up 15.68 per cent from the previous year. EVs now account for 7.8 per cent of total automobile sales, reflecting the nation’s rapid shift to clean mobility. Amid this growth, VNT is expanding its nationwide sales and service network, reinforcing its leadership in EV charging. Proven in demanding mining environments, VNT chargers are built for extreme conditions, operating 14-15 hours daily (60 per cent of the day) versus 4-5 per cent utilization for peers – making them true workhorses. Continue reading “VNT expands EV charging network to power buses, trucks, and mining fleets in India”
Source : PTI | Mid-sized motorcycle maker Royal Enfield on Friday said it has tied up with e-commerce marketplace Flipkart to sell its entire 350cc portfolio.
The company’s 350cc range – the Bullet 350, Classic 350, Hunter 350, Goan Classic 350 and the new Meteor 350 will be available on Flipkart, starting September 22, 2025, in five cities – Bengaluru, Gurugram, Kolkata, Lucknow and Mumbai, the company said in a statement. Continue reading “Royal Enfield ties up with Flipkart to sell 350 cc bikes”
