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The Epicentre of Automotive & Mobility Co’s M&A WAF Continue reading “WAF Auto News | The Auto World This Week (05th June 2026)”
(Reuters) – Britain’s new car sales rose 7.1% in May, the strongest for the month since 2019, driven by resilient retail demand, especially for electric vehicles, according to industry data released on Thursday.
EVs have been gaining ground in Europe as rising fuel costs, largely driven by global oil shocks from the Iran war, steer customers toward alternatives.
Overall new car registrations in Britain rose to 160,662 vehicles last month, the Society of Motor Manufacturers and Traders (SMMT) said. Battery electric vehicles (BEV), the biggest under EVs, climbed 34.2%, the most among all car categories. Continue reading “UK new car sales hit best May since 2019, industry data shows”
Source : PTI | American e-commerce giant Amazon on Thursday said it plans to double to one lakh its electric delivery van fleet across global operations, including India, by the end of 2030.
Amazon, which started rolling out its electric delivery vans in the summer of 2022, has deployed more than 50,000 electric delivery vans globally by the end of 2025.
Besides, Amazon plans to introduce over 1,000 electric light and medium-duty trucks into its operations in India over the next five years, joining the more than 10,000 electric vehicles already on the road, Amazon said. Continue reading “Amazon to deploy 1 lakh e-delivery vans across global operations by 2030, expand India fleet”
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”
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”
Source : PTI | The government is examining a policy to support accelerated affordable adoption of E85 fuel (85 per cent ethanol blended petrol) Petroleum and Natural Gas minister Hardeep Singh Puri said on Wednesday.
Addressing an event organised by Hero MotorCorp, Puri further said unveiling of India’s first flex fuel motorcycles fully compatible with ethanol-blended fuels ranging from E20 (20 per cent ethanol blended petrol) to E85 (85 per cent ethanol by Hero MotorCorp is a new chapter in India’s energy history).
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
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
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
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.
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”
(Reuters) – Chinese automakers are expanding in Europe, betting on their competitive pricing and advanced technology to break into a market traditionally dominated by European and American brands, amid a global shift towards electric vehicles.
This expansion has stoked trade tensions between Brussels and Beijing, including a row over EU tariffs on Chinese-made EVs, imposed to protect European producers.
The following Chinese carmakers have expanded their footprint in Europe. Continue reading “China’s carmakers expand their presence in Europe”
Summary
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”
Rajiv Rajgopal is a seasoned business leader with over three decades of experience spanning the paints and coatings, FMCG, telecommunications, and lubricants sectors. Currently serving as the Joint Managing Director & CEO of JSW Dulux, Rajiv Rajgopal is responsible for driving the company’s growth, innovation, market expansion, and customer-centric business strategy in one of India’s most competitive consumer industries.
Widely recognized for his expertise in general management, sales and marketing, business operations, and organizational transformation, Rajiv Rajgopal has built a distinguished career leading high-performance teams and delivering sustainable business growth across global and Indian markets. His leadership combines strategic vision with execution excellence, enabling organizations to strengthen market presence, accelerate profitability, and build strong customer-focused brands. Continue reading “Rajiv Rajgopal”
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
(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
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
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
(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”
Daniela Rus is a globally respected artificial intelligence, robotics, and autonomous mobility expert, widely recognized for her contributions to the future of intelligent transportation systems, AI-driven robotics, and next-generation mobility technologies. As the Director of MIT Computer Science and Artificial Intelligence Laboratory, Daniela Rus leads cutting-edge research focused on robotics, machine learning, autonomous systems, and human-centered AI innovation.
Daniela Rus is considered one of the leading voices in autonomous mobility and intelligent automation, with extensive work spanning self-driving systems, collaborative robotics, smart transportation, and AI-powered decision-making technologies. Her research and leadership have significantly influenced the evolution of autonomous vehicles, connected mobility ecosystems, and robotics applications across industries. Continue reading “Daniela Rus”
Logan Green is a globally recognized entrepreneur, mobility innovator, and the Co-founder of Lyft, one of the world’s leading urban mobility and ride-sharing platforms. Widely known for transforming the shared transportation industry, Logan Green has played a major role in shaping the future of urban mobility, smart transportation systems, and sustainable shared mobility solutions.
Under Logan Green’s leadership, Lyft expanded into a comprehensive mobility platform offering ride-sharing, bike-sharing, scooter-sharing, and multimodal transportation services designed to improve urban transportation accessibility and efficiency. Logan Green has been instrumental in building technology-driven mobility ecosystems focused on reducing traffic congestion, lowering carbon emissions, and enhancing the overall commuter experience in modern cities. Continue reading “Logan Green”
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
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”
Dara Khosrowshahi is a globally recognized business leader and the CEO of Uber, where he is driving the evolution of one of the world’s largest mobility and logistics platforms. Widely respected for his leadership in digital mobility ecosystems, Dara Khosrowshahi has played a key role in transforming Uber into a diversified global platform spanning ride-sharing, logistics, food delivery, freight, and future mobility solutions.
Under Dara Khosrowshahi’s leadership, Uber has significantly expanded its focus on connected mobility ecosystems, sustainable transportation, autonomous vehicle partnerships, and smart urban mobility solutions. He has led strategic initiatives to strengthen Uber’s position across mobility services, last-mile delivery, and integrated transportation platforms while improving operational efficiency and customer experience globally. Continue reading “Dara Khosrowshahi”
