DETROIT, (Reuters) – A strike at a major supplier for General Motors’ trucks entered its second week ​on Monday with the United Auto Workers and Dauch ‌Corp still unable to reach a deal, according to a local union official.

“Unfortunately, we just walked away from the table. The ​company is trying to play games with words and ​not providing anything productive,” Josh Jager, bargaining chairman ⁠for Local 2093, said in a Monday afternoon statement, ​adding the union is working on another proposal to give ​back to the company. Continue reading “Strike at GM axle supplier continues”

Source : PTI | Tata Steel may have to defer the timeline of its 1.25-billion-pound UK project for transitioning to a low-carbon steel-making process by six to eight months, as the company is facing delays in “securing access to electricity”.

As part of its decarbonisation plan, Tata Steel is setting up the UK’s largest low-carbon EAF (electric arc furnace) project of 3.2 million tonnes capacity at Port Talbot with 1.25 billion pounds of investment to replace its now-shut blast furnace plant of similar capacity. Continue reading “Tata Steel says UK plant’s low-emission project facing delays in securing electricity access”

Source : PTI | The fuel price hikes in May saw a noticeable shift in consumer interest towards fuel-efficient and alternative-powertrain vehicles, with dealers reporting a surge in enquiries for such models and electric two-wheeler penetration rising to 9.25 per cent from 6.11 per cent a year ago, FADA said on Monday.

According to the Federation of Automobile Dealers Associations (FADA), India’s overall automobile retail sales climbed 9.55 per cent year-on-year to a record 25.31 lakh units.

Continue reading “Dealers see surge in enquiries for fuel-efficient, green vehicles in May post fuel-price hike: FADA”

Source : PTI | Maharashtra Transport Minister Pratap Sarnaik on Monday warned of strict action against drivers of private buses if the vehicles enter the 200-metre radius around MSRTC bus stands and lure passengers.

After inspecting the central bus stand in Akola city, Sarnaik said IPS-rank officers have been appointed within the Maharashtra State Road Transport Corporation (MSRTC) to ensure that appropriate action, including registering criminal cases, is taken against errant drivers of private buses. Continue reading “Transport minister warns of strict action against private buses soliciting MSRTC passengers”

(Reuters) – J.P. Morgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday, citing that the electric-vehicle maker’s valuation is increasingly driven by its push into ​autonomous driving and robotics rather than near-term earnings.

The more optimistic view ‌on Tesla comes as Musk pursues expansion across multiple technology ventures. Musk is also taking SpaceX public in what could become the largest IPO on record, with a valuation of roughly $1.7 ​trillion, and an expected market debut on June 12. Continue reading “JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth”

Summary

• Deals announced with SK Hynix, SK Telcom, Naver, Doosan, LG Group, Hyundai Motor
• SK Hynix multi-year tie-up will secure advanced memory supply
• Nvidia says SK Hynix partnerships have opportunities to keep extending
• SK Telecom, Naver, Doosan to use Nvidia technology to build data centres
• Samsung Elec, Nvidia discussed cooperation on next generation chips, including HBM5, foundry, autonomous driving chips

SEOUL, (Reuters) – Nvidia on Monday announced a series of deals in South Korea with tech giants including SK Hynix ‌and Naver as it looks to secure crucial memory chips to power its AI ambitions and entice new customers.

The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on Friday and has seen him dine on grilled pork belly and local spirit soju with the country’s top corporate bosses, throw a baseball pitch and meet with a well-known gamer. Continue reading “Nvidia clinches deals with South Korean giants including SK Group to advance AI boom”

Source : PTI | An association of bus owners in Jharkhand has increased fares by 18 per cent due to increasing fuel costs, officials said on Friday.

The decision was taken after the diesel price crossed ₹100 per litre, they said.

“We last increased bus fares on July 1, 2021. Over the past 59 months, new toll plazas have been established on different routes. Additionally, due to the crisis in West Asia, diesel prices have crossed ₹100 per litre. As a result, owners have been incurring losses. Therefore, we have increased bus fares by 18 per cent,” said Arun Budhia, president of the Jharkhand Bus Owners’ Association.

Continue reading “Jharkhand bus owners’ association increases fares by 18% amid rising fuel costs”

Source : PTI | The country’s largest carmaker Maruti Suzuki India Ltd on Friday said it plans to invest ₹925 crore by FY 2030-31 towards green energy initiatives, including two biogas projects.

The company will set up a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility, which will be commissioned within FY 2026-27, Maruti Suzuki India said in a statement.

As the second initiative, the company has expanded the capacity of the biogas plant at its Manesar facility, from 0.2 TPD to 0.7 TPD, it added. Continue reading “Maruti Suzuki to invest ₹925 crore by FY31 towards green energy initiatives”

Source : PTI | Maharashtra Chief Minister Devendra Fadnavis on Friday asked authorities to draw a redevelopment blueprint for the BEST undertaking, a civic transport and electricity provider in Mumbai, with citizens’ welfare, employees interests and city’s long-term development as its primary focus.

Chairing a meeting on the modernisation of BEST-run bus depots, Fadnavis said the proposed plan should focus on depot redevelopment, staff housing, public amenities and ensuring the transport utility’s long-term financial sustainability.

Continue reading “Fadnavis pushes BEST depot revamp plan with EV hubs, PPP model and 7,000 new buses”

Summary

• Storage gets bigger display at world’s largest solar exhibition
• Solar majors make battery foray, lean on supply chain networks
• Jinko to nearly triple battery-making capacity this year

SHANGHAI, (Reuters) – China’s major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue ​as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on fossil ‌fuels.

The sector has been hit by weaker domestic installations, slowing exports and record-low prices, with executives expecting global demand to decline in 2026. Continue reading “China’s solar majors charge into batteries as panel sales falter”

WASHINGTON, (Reuters) – President Donald Trump said on Thursday he met with senior leaders in the auto industry to discuss the ongoing debate over “right-to-repair” legislation.

Trump met ​with GM CEO Mary Barra, Ford Motor senior executive Andrew Frick and ‌top officials with the National Automobile Dealers Association and the Alliance for Automotive Innovation along with Republican Senator Bernie Moreno, a former auto dealer.

Ford confirmed it took part in the meeting, while the ​auto groups declined to comment. GM did not respond to a request ​for comment. Continue reading “Trump meets with auto industry over right-to-repair debate”

(Reuters) – Sika sees growth opportunities in China’s renovation market and infrastructure construction in the U.S., the Swiss construction ​chemicals manufacturer’s CEO Thomas Hasler said in an ‌interview with Finanz und Wirtschaft published on Friday.

• Sika has further fragmented its business in China to adapt to the local ​market, which is not uniform, Hasler said.
• Sika has ​re-calibrated its business model there, originally very heavily ⁠focused on new-build projects, to also focus on the ​renovation business, especially in already almost saturated markets such ​as Shanghai, Beijing and Guangzhou.
• It sees sustained growth in its automotive business in China, despite the withdrawal of subsidies for EVs.
• Sika sees ​growth opportunities in U.S. infrastructure construction, which is ​largely unaffected by President Donald Trump’s aversion to renewables, Hasler added.
• Sika ‌is ⁠expanding market share in the construction of traditional infrastructure such as roads or bridges there, while seeing a slump in the commercial construction sector, where reshoring was a ​significant growth ​driver until the ⁠tariff escalation.
• Hasler deemed data centres “a definite growth driver” as operators want the most ​secure buildings to avoid disruptions to operations.
• He said ​the ⁠company’s data centres pipeline is full as the sector is booming in Europe and Asia too.
• Sika senses hope for ⁠improvement ​among its customers in markets ​such as Germany and France due to rising figures for building permits, ​despite ongoing weakness.

Continue reading “Sika targets growth from China renovation market, global data centres”

New Delhi, June 5, 2026: Marking World Environment Day, the Society of Indian Automobile Manufacturers (SIAM) today organized the 6th International Conference on “Climate Action: Accelerating India’s Transition to a Low-Carbon Future,” reaffirming the Indian automobile industry’s commitment to sustainable development, climate responsibility and low-carbon mobility.

The conference brought together policymakers, industry leaders, academia, research institutions, and sustainability experts to discuss strategies for advancing climate action and accelerating the transition to sustainable mobility. Discussions focused on key decarbonization enablers for the entire automobile value chain, including alternate and low-carbon fuels, circular economy practices, and sustainable manufacturing. Continue reading “SIAM Marks World Environment Day with 6th International Conference on Climate Action and Low-Carbon Mobility”

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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”

• 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”