Reuters – Chinese electric vehicle maker Xpeng (9868.HK), on Tuesday forecast third-quarter revenue would double, betting on surging deliveries of its cars despite challenging economic conditions.
The Guangzhou, China-based company’s U.S.-listed shares rose over 4%. Continue reading “China’s Xpeng expects quarterly revenue to double on strong demand for its EVs”
Reuters – A Brazilian subsidiary of China’s ride-hailing company DiDi Global (92Sy.D), sued Chinese rival Keeta on Monday in a Sao Paulo court alleging trademark infringement and unfair competition, according to court documents seen by Reuters.
The lawsuit comes days after Keeta, which is entering the Brazilian market, sued DiDi’s Brazilian unit, 99, in Brazil, alleging its food delivery app 99Food was trying to restrict restaurants from working with more than two delivery platforms. Continue reading “Chinese firms in legal battle over Brazil food delivery”
Reuters – Tesla Inc (TSLA.O), started accepting orders for its new Model Y L in China on Tuesday with a starting price of 339,000 yuan ($47,184), its website showed, as it refreshes its line-up in the world’s largest auto market to battle growing competition.
Tesla first launched the Model Y in 2020 and it became the world’s best-selling car in 2023. The ageing model lost some sales momentum last year, hurt by competition from local rivals in China such as Xiaomi’s (1810.HK), YU7, while in other markets demand for electric vehicles has weakened. Continue reading “Tesla starts taking orders for its new Model Y L in China from around $47,200”
Reuters – Germany said on Monday that the United States would have to follow through on agreed lower tariffs on Europe-made cars before a wider agreement on trade can be finalised in writing.
“In particular, car tariffs must be reduced quickly as agreed. We are also aware of the considerable burden on the export-orientated economy. … Our role here is to continue to fully support the European Commission in this process,” a German government spokesman said in a press conference. Continue reading “Germany says written EU-US trade deal requires lower car duties”
Reuters – Tesla’s (TSLA.O) Model Y L is “coming soon”, the electric car company said on Chinese social media platform Weibo on Monday, having previously registered plans to introduce the new model in China.
The Model Y L is a six-seat version of its best-selling Model Y with a longer wheelbase. Tesla also shared a video of the new model in its Weibo post. Continue reading “Tesla says Model Y L is ‘coming soon’”
Source : PTI | In upcoming sweeping reforms, the GST on automobiles – currently in the highest tax bracket – will be restructured to resolve classification disputes related to engine capacity and vehicle size, ultimately benefiting the common man, according to government sources.
Presently, automobiles are taxed at 28 per cent, which is the highest GST slab. A compensation cess, ranging from 1 to 22 per cent, is levied on top of this rate, depending on the type of vehicle. Continue reading “Proposed GST rate tweaks on automobiles to end classification disputes”
Source : PTI | Mumbai Police have imposed challans on more than 10,000 vehicles with fines of over ₹ 1 crore for violation of traffic rules during the Dahi Handi festival in the city, officials said on Sunday.
The festival, held to mark the birth of Lord Krishna, was celebrated on Saturday wherein a large number of troupes comprising young men and women formed human pyramids to break dahi handis (pots of curd) suspended in the air with ropes. Continue reading “₹1 cr fines imposed on 10,000 vehicles in Mumbai for flouting norms”
(Reuters) – British motorists can now lease a Tesla (TSLA.O) electric vehicle for just over half of what they would have paid a year ago, The Times reported on Monday, citing industry sources.
Tesla has been forced to offer discounts of up to 40% to car leasing companies to shift more units, the report said. Continue reading “Tesla almost halves UK monthly lease fee as sales slump, The Times reports”
Summary
GQEBERHA, South Africa, (Reuters) – Toyota plans to introduce three fully-electric models in South Africa in 2026, a senior executive said on Thursday, entering a nascent EV market where Chinese rivals such as BYD are already competing with European carmakers. Continue reading “Toyota to enter South Africa’s EV market with three models in 2026”
(Reuters) – Lyft said on Thursday its co-founders Logan Green and John Zimmer are stepping down from the ride-hailing services provider’s board, following the completion of a two-year transition plan.
Green and Zimmer began serving as the chair and vice chair of Lyft’s board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021. Continue reading “Lyft co-founders to step down from ride-hailing firm’s board”
Source : PTI | India has not halted oil purchases from Russia in response to the US President’s tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of Indian Oil Corporation (IOC), the country’s largest oil firm.
Purchase volumes may fluctuate monthly based on the discounts offered on Russian crude grades like Urals. While discounts had previously reached as high as $ 40 per barrel, they have narrowed to just $ 1.5 late last month, resulting in reduced offtake. Discounts have since widened to about $ 2.70. Continue reading “No pause on Russian oil imports, India continues imports based on economic rationale”
WAF THINK TANK
A Tribute to Mr. Goh Cheng Liang (1927 – 2025), Owner Wuthelam Holdings, Nipsea Group & Nippon Paint WAF
Top Five Things to Ensure in Your Car During Monsoons CarPhD
Continue reading “WAF Auto News | The Auto World This Week (15th August 2025)”
By Mobility Outlook
JSW MG Motor India has announced that the MG Windsor, India’s best-selling electric vehicle, achieved a new sales record in July with 4,308 units sold in a single month. Since its launch, the company has sold nearly 36,000 units of the Windsor, cementing its leadership in the Indian 4W-EV segment.
The strong performance helped the brand expand its EV market share by 4 percentage points, climbing from 28% in Q1 CY’25 to 32% in Q2 CY’25. During the same period, average monthly sales of the Windsor grew by 17%, while overall EV wholesales rose 28%. Continue reading “MG Windsor Sets Monthly Sales Record, Boosts EV Market Share”
Summary
(Reuters) – VinFast’s founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company as it strives to break even by the end of 2026. Continue reading “VinFast founder to inject another $1.5 billion in exchange for R&D assets”
Production: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in July 2025 was 26,98,519 units
Domestic Sales:
Commenting on July-2025 performance, Mr Rajesh Menon, Director General, SIAM said, “All vehicle segments posted stable performance in July 2025, though overall sentiments in the Passenger Vehicles segment has remained subdued so far which de-grew marginally by (-) 0.2%, as compared to July of 2024, posting sales of 3.41 Lakh units in July 2025. Three Wheelers posted their highest ever sales of July in 2025 of 0.69 Lakh units, with a growth of 17.5% as compared to July 2024. Two-Wheeler segment grew by 8.7% in July 2025, as compared to July 2024, with sales of 15.67 Lakh units. With the advent of the festive season beginning with Onam festivities in the latter part of August, the Indian Auto Industry remains cautiously optimistic for the demand momentum to pick up in the coming months.” Continue reading “Auto Industry Performance of July-2025”
Summary
GQEBERHA, South Africa, (Reuters) – Low domestic sales of locally made cars, an influx of imports and low levels of local content have led to 12 company closures and over 4,000 job losses in the South African motor industry over two years, the trade minister said on Wednesday. Continue reading “South Africa’s auto sector hit by job losses and company closures”
Summary
LOS ANGELES, (Reuters) – Ocean imports to the United States may have peaked in July after retailers raced to bring in goods from China and elsewhere to avoid potentially hefty tariffs on holiday-related products, logistics executives said on Wednesday. Continue reading “US container imports may have peaked in July, chief of busiest seaport says”
Summary
(Reuters) – Volkswagen’s largest shareholder, holding firm Porsche SE said on Wednesday that it planned to deepen its involvement in the defence sector, while reaffirming its core focus on cars and industrial technology. Continue reading “VW shareholder Porsche SE eyes higher defence exposure as auto sector flails”
(Reuters) – Tata Motors-owned Jaguar Land Rover is recalling more than 121,500 vehicles in the United States due to cracked suspension knuckles in the front, the U.S. National Highway Traffic Safety Administration said on Wednesday.
The recall includes Range Rover and Range Rover Sport vehicles, NHTSA said. Continue reading “Jaguar Land Rover to recall over 121,500 US vehicles due to suspension knuckle issue, NHTSA says”
Source : PTI | Maruti Suzuki India on Wednesday said it has inked an initial pact with Punjab National Bank to offer enhanced inventory funding solutions for its dealer network across the country.
Maruti Suzuki and Punjab National Bank have signed a Memorandum of Understanding (MoU) to this effect.
Summary
STOCKHOLM, (Reuters) – Europe’s car exporters are still struggling with uncertainty over U.S. tariffs despite last month’s trade deal, Wallenius Wilhelmsen , the operator of one of the world’s largest car-carrier fleets, told Reuters on Tuesday. Continue reading “Car shipper says US tariff haze still affecting auto trade flows”
Summary
(Reuters) – Four major truckmakers, including Daimler and Volvo, sued California to block the state from enforcing strict emissions standards that U.S. President Donald Trump declared void in June. Continue reading “Daimler, Volvo, other truckmakers sue California to block emissions rules”
Summary
(Reuters) – The U.S. on Tuesday rejected the “Net-Zero Framework” proposal by the International Maritime Organization, which is aimed at reducing global greenhouse gas emissions from the international shipping sector, and threatened measures against countries that support it. Continue reading “US to retaliate against IMO members that back net zero emissions plan”
(Reuters) – U.S. President Donald Trump on Tuesday criticized Goldman Sachs CEO David Solomon for the bank’s take on the potential impact of tariffs on the economy, as the president’s tiff with corporate America’s bigwigs widens.
Trump had last week demanded that Intel’s CEO Lip-Bu Tan resign immediately in what was a rare presidential attempt to determine who leads a company, and the president has been vocal about his complaints concerning corporate policies and operations since he took office in January. Continue reading “Before Goldman Sachs, which CEOs drew Trump’s ire?”
WASHINGTON, (Reuters) – The U.S. Federal Trade Commission said on Tuesday it had resolved antitrust concerns arising from the “Clean Truck Partnership,” which involves major truck manufacturers.
Under the Clean Truck Partnership, four manufacturers —Daimler Truck, International Motors, PACCAR, and Volvo Group— agreed in 2023 to abide by a series of California Air Resources Board regulations limiting truck sales and greenhouse gas emissions, the commission said. Continue reading “FTC resolves ‘Clean Truck Partnership’ antitrust concerns”
(Reuters) – Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.
China is the world’s biggest car market and accounts for more than half of global EV sales, which in Rho Motion’s data include battery-electric vehicles and plug-in hybrids. Continue reading “Electric vehicle sales growth eases to 21% in July, research firm says”
Source : PTI | Electric two-wheeler manufacturer Ather Energy has achieved a milestone by establishing over 430 fast charging points in Tamil Nadu, aimed at promoting EV adoption through convenient charging access to customers.
The company has set up the Ather Grid fast charging points across 38 cities of the state. Besides, Light Electric Combined Charging System (LECCS) have also been established in 50 places. The LECCS facility developed by Ather, is open for industry-wide adoption and allows different brands of light electric vehicles to use the same charging facilities. Continue reading “Ather Energy installs over 430 fast charging points in TN to promote EV adoption”
Source : PTI | US-based chip major Qualcomm is localising automotive module production in India and is supporting its top-tier ecosystem partners in their plan to move manufacturing into the country, a senior company official has said.
Qualcomm Technologies, group general manager for automotive, industrial and embedded IoT, Nakul Duggal, told PTI that the company is investing heavily in India to support local automotive companies.
Source : PTI | Two wheeler maker Honda Motorcycle and Scooter India has inaugurated a new BigWing outlet in the city as part of its expansion drive, the company said on Tuesday.
The state-of-the-art facility offering both sales and service is located at Virugambakkam, Chennai. Continue reading “Honda Motorcycle opens BigWing outlet in Chennai”
By WAF Think Tank
From humble beginnings in a small rented room in Singapore, Mr. Goh built his first paint business from surplus barrels of military paint in 1949. Ten years later, his vision and determination led to a partnership with Nippon Paint of Japan—planting the seed for what would become NIPSEA Group in 1962.
(Reuters) – Piero Landolfi, Tesla’s director of service for the North American market has left the EV maker after nearly nine years, joining an exodus of executives from the company grappling with a drop in sales.
Leaving Tesla was hard due to “the first principle thinking and the getting stuff done mentality” at the company, Landolfi said in a LinkedIn post on Sunday. Continue reading “Tesla’s North American director of service leaves EV maker”
BERLIN, (Reuters) – The CEO of Mercedes-Benz criticised the European Union’s plan to ban CO2-emitting vehicles from 2035 in a media interview on Monday, joining a chorus of voices calling the target into question as it comes up for review this year.
The ban, which supporters say is crucial to Europe’s green ambitions, is up for review in the second half of 2025, with critics saying it would handicap European carmakers already struggling with weak demand, Chinese competition and disappointing electric vehicle sales. Continue reading “Mercedes CEO calls for ‘reality check’, slamming EU combustion engine ban”
Summary
DETROIT, (Reuters) – Ford plans to start rolling out its new family of affordable electric vehicles in 2027, including a midsize pickup truck with a target starting price of $30,000, the company said on Monday, as it aspires to the cost efficiency of Chinese rivals. Continue reading “Ford’s new line of affordable EVs to start at about $30,000”
(Reuters) – Money transfer company Western Union said on Sunday it will acquire Intermex, a U.S. firm that focuses on payment transfers to Latin America and the Caribbean, for about $500 million in cash.
Western Union will pay $16 for each Intermex share, representing a premium of over 70% to Intermex’s last close of $9.28 on Friday. Continue reading “Western Union to acquire Intermex for about $500 million”
Source : PTI | In a sweeping enforcement action, the Uttar Pradesh State Transport Department on Friday said it has cancelled over 8,000 transport permits and suspended over 700 for violations ranging from expired validity to breach of statutory conditions.
The move, aimed at tightening compliance and improving road safety, also saw three permits linked to fatal crashes — each involving four to five deaths — revoked with a one-year ban on fresh issuance to the operators concerned, it said. Continue reading “Uttar Pradesh cancels over 8,300 transport permits in road safety drive”
Source : PTI | Truck rental charges on major routes stayed largely stable in July, reflecting a balanced demand-supply environment across the country, a report said on Friday.
Freight rates remained unchanged between June and July for most key routes such as Delhi-Mumbai-Delhi, Delhi-Kolkata-Delhi, and Mumbai-Chennai-Mumbai. Continue reading “Truck rental charges for major routes stay stable in July: Report”
Source : PTI | Zypp Electric and Gurugram Traffic Police Launch “Green Hai Toh Zypp Hai” Campaign for Safer, Greener Mobility Gurugram (Haryana) [India], August 9: In a major step towards advancing electric vehicle adoption and promoting safer roads, Zypp Electric, India’s leading EV logistics platform, has partnered with the Traffic Police, Gurugram, under the “Green Hai Toh Zypp Hai” campaign. The initiative, which unites the core themes of sustainability and road safety, was officially launched today at Zypp HQ, Sector 66, Gurugram, during a special EV awareness rally. The event was honoured by the presence of Dr. Rajesh Mohan, DCP Traffic Gurugram, who joined as the Chief Guest. Continue reading “Zypp Electric and Gurugram traffic police launch ‘Green Hai Toh Zypp Hai’ campaign to promote EV adoption and road safety”
Source : PTI | New Delhi: The government is considering further easing the norms for setting up petrol pumps in the world’s fastest-growing fuel market, in light of the evolving energy security paradigm and commitment to decarbonisation, according to an official order.
The government had in 2019 relaxed the norms for setting up petrol pumps, opening the door for non-oil companies to enter the fuel retailing business.
Continue reading “Govt to review petrol pump licensing norms”
Source : PTI | Rare earth magnets shortage issue has had no impact on production of Tata Motors and JLR’s electric vehicles and is unlikely to affect in the foreseeable future, although there are a few challenges in the coming quarters, Tata Motors Group CFO P B Balaji said on Friday.
In an earnings call, he said teams are working to sort out the problem and the company is continuing to de-risk itself, and is confident of de-risking itself completely. Continue reading “No impact of rare earth magnets supply issue on production: Tata Motors Group CFO PB Balaji”
