Source : PTI | Japan’s Suzuki Motor Corporation-backed Next Bharat Ventures IFSC Pvt Ltd on Monday announced the launch of its second fund of ₹2,000 crore, aimed to support startups across sectors, including agriculture, financial inclusion, healthcare and AI for social good in India.
Earlier, through its first ₹340 crore fund, Next Bharat Ventures (NBV) invested in over 20 ‘impact organisations’. Continue reading “Suzuki Motor backs ₹2,000 crore fund to drive innovation in India”
Source : PTI | Goa’s iconic two-wheeler taxi service, popularly known as “motorcycle pilots”, has gone digital with the state government on Monday launching a mobile application that allows commuters to locate and book rides online.
Chief Minister Pramod Sawant launched the ‘Mhaje Driver App’, bringing the Portuguese-era mode of transport onto a technology-driven platform.
Continue reading “Goa govt launches booking app for iconic motorcycle taxi service”
Summary
LONDON/BERLIN, (Reuters) – Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker’s supervisory board to accept painful job cuts and factory closures as it struggles to fend off Chinese rivals. Continue reading “Volkswagen CEO faces acid test from unions over swingeing job cut plans”
PARIS, (Reuters) – Renault Group is achieving better margins on its compact electric R5 than larger models like the Megane or Scenic, CEO Francois Provost told French business daily Les Echos on Monday. Continue reading “Renault making higher profits on compact electric models than Megane, says CEO”
(Reuters) – Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the supply for memory and storage platforms used in the automaker’s next-generation vehicle production.
This comes days after Micron’s similar agreement with General Motors as part of the chipmaker’s ongoing investments to expand manufacturing in the United States for automotive customers, including its expansion of advanced DRAM production in Virginia. Continue reading “Micron, Ford sign semiconductor supply agreement for vehicles”
WASHINGTON, (Reuters) – Toyota Motor Corp said on Monday it will build a new $3.6 billion auto plant in Texas and shift some truck production to the United States from Mexico.
The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open by 2030, creating 2,000 jobs. The company said it will move production of its mid-size Tacoma pickup truck from its Baja California plant in Mexico to Texas when the factory is completed. Continue reading “Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico”
(Reuters) – Shares of Rivian slipped 9% in extended trading on Monday after the electric-vehicle maker launched an offer to sell 75 million shares, even as it forecast second-quarter revenue above analysts’ estimates.
Based on Monday’s close of $20.14 per Rivian share, the company would raise $1.5 billion. Rivian said in a filing that it plans to use the proceeds to fund equity contributions as part of a loan agreement with the U.S. Department of Energy. Continue reading “Rivian’s shares fall after public offering plan overshadows upbeat revenue forecast”
Paris, France – July 2026 – Christophe Périllat, CEO of Valeo, has appointed Jean-Luc Terrasse as Chief Executive Officer of Valeo Light Division and Group Executive Vice-President, effective July 1, 2026. He reports directly to Christophe Périllat and is a member of the Executive Committee. Continue reading “Jean-Luc Terrasse is appointed CEO of Valeo Light Division and Group Executive Vice President”
Bengaluru, July 6, 2026: Autoverse Mobility, India’s fast-growing B2B platform for independent garages, announced two strategic initiatives; Autoverse Quick Commerce Program and the Autoverse Franchisee Program, designed to improve operational efficiency and accelerate business growth for the Indian independent garage ecosystem. These initiatives were launched at the Garage Leadership Summit 2026 hosted by the company, bringing together over 100 independent garage owners, automotive experts, technology leaders and aftermarket stakeholders to discuss the future of India’s rapidly evolving automotive service ecosystem. Continue reading “Autoverse Mobility launches two strategic initiatives; Autoverse Quick Commerce Program and Autoverse Franchisee Program”
Mumbai: Volkswagen India is celebrating the 4th anniversary of the Virtus with festivities across its network, announcing special benefits and exclusive deals for customers. Since its launch in 2022, the Virtus has become one of Volkswagen India’s most popular products and continues to consistently lead the premium sedan segment for over 2 years. Continue reading “Volkswagen celebrates 4 years of Virtus in India”
Source : PTI | Union Minister H D Kumaraswamy on Saturday chaired a meeting of leading electric two-wheeler manufacturers and held wide-ranging discussions on strengthening indigenous manufacturing, officials said.
The discussions focused on building a robust, innovation-driven and globally competitive electric mobility ecosystem in the country, they added. Continue reading “Kumaraswamy held meeting with electric two-wheeler manufacturers”
Amish Hasan is an accomplished automotive technology leader with over 26 years of experience in information technology, digital transformation, cybersecurity, and enterprise innovation. He currently serves as Vice President & Operating Head – IT at Honda Cars India Ltd., where he is responsible for driving the company’s IT strategy, digital transformation initiatives, cybersecurity framework, Industry 4.0 adoption, AI-enabled innovation, and technology-led business transformation.
Throughout his career, Amish Hasan has built deep expertise across automotive manufacturing, enterprise IT, cloud infrastructure, data protection, digital manufacturing, Industrial IoT, Manufacturing Execution Systems (MES), and intelligent automation. Before joining Honda Cars India in his current leadership role, he served as General Manager & Division Head – IT at Honda Motorcycle & Scooter India Pvt. Ltd., where he led technology operations and digital transformation initiatives for Honda’s largest two-wheeler manufacturing facility globally. He also spent over 15 years in key IT leadership roles across Honda Cars India Ltd. and Honda Motor India Pvt. Ltd., strengthening enterprise technology, dealer systems, infrastructure, and cybersecurity capabilities. Continue reading “Amish Hasan”
Hilal Khan is a distinguished automotive technology leader with more than three decades of experience in information technology, digital transformation, connected mobility, and enterprise systems. He currently serves as the Chief Digital & Information Officer (CDIO) at JSW Motors Limited, where he is leading the company’s digital strategy, technology roadmap, cybersecurity, data initiatives, and enterprise-wide transformation to support next-generation mobility solutions.
Prior to joining JSW Motors, Hilal Khan spent over 25 years at Honda Cars India Ltd., most recently serving as Vice President & Operating Head – IT. During his tenure, he spearheaded several business transformation initiatives, modernized enterprise technology infrastructure, and played a key role in advancing connected mobility and digital innovation across the organization. His leadership helped strengthen technology-driven operations, customer experience, and business agility. Continue reading “Hilal Khan”
Nikunj Sanghi is a distinguished Indian automotive entrepreneur, industry leader, and business strategist with over three decades of experience in the automotive retail sector. He is the Chairman and Managing Director of JS Fourwheel Motors Pvt. Ltd., one of India’s leading Maruti Suzuki dealership groups. A seasoned business development professional, he has built a strong reputation for his expertise in negotiation, business planning, operations management, sales, and customer relationship management (CRM).
Under his leadership, JS Fourwheel Motors has grown into one of the country’s most respected automotive retail organizations, known for operational excellence, customer-centricity, and innovation. His entrepreneurial journey has significantly contributed to strengthening automotive retail standards and enhancing customer experience across the industry. Continue reading “Nikunj Sanghi”
Source : PTI | Chief Minister Rekha Gupta on Friday launched a portal to claim subsidies under the recently launched Delhi Electric Vehicle Policy 2026.
The Delhi EV Subsidy Portal (https://evsubsidy.delhi.gov.in) provides information about the essential documents such as Aadhaar, the vehicle Registration Certificate (RC) and Voter ID which would be required. Continue reading “Delhi launches EV subsidy portal under new policy to boost adoption”
(Reuters) – Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.
The expansion highlights Tesla’s efforts to increase adoption of its self-driving software, a version of which it uses in the robotaxis and a key part of CEO Elon Musk’s shift from EVs to AI and robotics.
“Robotaxi now available in Miami,” Tesla’s official robotaxi account said in a post on X. Continue reading “Tesla rolls out robotaxi service in Miami”
Summary
MILAN, (Reuters) – Ferrari launched a limited-edition 12-cylinder model with a manual gearbox on Friday, appealing to traditional fans of roaring petrol engines and hands-on driving after the mixed initial reception for its first electric vehicle. Continue reading “Ferrari appeals to traditionalists with new V12 manual gearbox limited edition”
Summary
LOS ANGELES, (Reuters) – Schools are out for the summer, but the batteries in more than 200 electric school buses are helping some people in the U.S. find relief when temperatures soar. Continue reading “Electric school buses tapped to shore up fragile US power grids during summer heat”
JOHANNESBURG, (Reuters) – China’s Chery formally took over Nissan’s car manufacturing plant in Rosslyn on Friday under a deal that was announced in January, and executives said the company will spend millions of dollars upgrading and adding machinery ahead of starting vehicle production in South Africa in mid-2027.
Chery said in a statement it wants to establish South Africa as its African hub for manufacturing, exports, research and development, and regional operations. Continue reading “China’s Chery takes over former Nissan car factory in South Africa”
Summary
KITAKAMI, Japan, (Reuters) – Kioxia on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to the AI investment boom, begins shipping samples of its next-generation memory. Continue reading “Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback”
(Reuters) – Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance chief, the latest leadership change at the struggling electric-vehicle maker since it appointed a new CEO in April.
Shares of the Newark, California-based EV maker fell 2.3%. The company’s stock has declined about 38% so far this year. Continue reading “Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates”
BEIJING, (Reuters) – Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as a surge in exports helped offset weak demand in its home market.
Total sales rose 5.5% from a year earlier to 403,472 vehicles last month, according to Reuters calculations based on a stock exchange filing on Wednesday. That followed a 0.3% increase in May, which ended an eight-month run of declines. Continue reading “BYD’s sales rise for second month, buoyed by exports”
Summary
(Reuters) – Rivian Automotive raised its annual delivery forecast on Thursday, betting on strong demand for its R1 models and electric delivery vans as well as its cheaper new R2 SUVs, sending the company’s shares over 10% higher. Continue reading “EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar”
Summary
(Reuters) – Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the electric vehicle maker can end its two-year streak of annual declines. Continue reading “Tesla quarterly deliveries set record; European recovery raises hopes of annual growth”
Summary
DETROIT, (Reuters) – U.S. automakers have long infused their marketing campaigns with American pride and imagery. But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them going full George Washington. Continue reading “Automakers tap America’s 250th, World Cup to rev up patriotism”
(Reuters) – A Texas man has been charged with manslaughter after driving a Tesla operating with its automated driving assistance system into a suburban Houston home, killing a 76-year-old grandmother, court papers show.
Michael David Butler, 44, told police he was operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila’s home in Katy, Texas, and told paramedics “the car was on ‘Autopilot,'” according to court papers. Avila died later at a nearby hospital. Continue reading “Tesla driver charged with manslaughter over crash into Texas home”
Summary
MOSCOW, (Reuters) – A Moscow car dealership is struggling to keep up with demand for new electric vehicles from China as drivers look to sidestep a fuel crisis that has led to long queues and soaring prices across much of Russia. Continue reading “Russian fuel crisis prompts rush for Chinese electric cars”
Summary
LOS ANGELES, (Reuters) – Schools are out for the summer, but the batteries in more than 200 electric school buses are helping some people in the U.S. find relief when temperatures soar. Continue reading “Electric school buses tapped to shore up fragile US power grids during summer heat”
Source : PTI | Buyers of electric vehicles (EVs) in Delhi will receive subsidies within 60 days of applying for an incentive on their purchase, including two-wheelers priced up to ₹2.25 lakh, as outlined in the new EV Policy.
All purchase incentives for electric two-wheelers, three-wheelers (autos), and four-wheeled goods vehicles that are purchased and registered in Delhi will be disbursed through direct benefit transfers to individual buyers, proprietary firms, agencies, and companies that are residents of Delhi only. Continue reading “Delhi rolls out EV policy 2026 with fast-track subsidies, no incentives for electric cars”
Source : PTI | Japanese two-wheeler maker Suzuki Motorcycle on Thursday said its total vehicle sales in India witnessed a 21 per cent on-year growth in June to 1,15,030 units.
The company had sold a total of 95,244 two-wheelers in May 2025, Suzuki Motorcycle India said.
Continue reading “Suzuki Motorcycle India posts 21% sales growth in June at 1,15,030 units”
Source : PTI | Crude oil price fell by ₹48 to ₹6,477 per barrel in the futures trade on Thursday amid weak global trends.
On the Multi Commodity Exchange, crude oil futures for the July delivery slipped by ₹48, or 0.74 per cent, to ₹6,477 per barrel in a business turnover of 3,883 lots.
Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Continue reading “Crude oil futures slip ₹48 to ₹6,477 on weak global cues”
Source : PTI | Oil marketing companies suffered ₹74,781-crore losses for selling petrol, diesel and LPG below cost for the period up to June 30 when global crude oil prices spiked in the wake of the West Asia conflict, Union Petroleum Minister Hardeep Singh Puri said on Thursday.
International crude oil prices have come down but companies are still processing crude they bought at the height of the West Asia crisis, Puri told reporters.
Oil companies typically buy crude oil — the raw material for producing fuel — at least two months in advance. So, crude oil that is being processed now is essentially what was bought in April or early May when international prices were very high. Continue reading “Oil cos suffered ₹74,781 cr loss on fuel sales amid West Asia crisis: Puri”
Source : PTI | The Ministry of Road Transport and Highways (MoRTH) has proposed amendments to the Automotive Industry Standard (AIS)-125 to strengthen the safety, functionality, and medical capabilities of road ambulances across the country.
Road ambulances are critical in emergency care, facilitating transportation of patients to hospitals and providing advanced life support for critically ill patients.
The ministry on September 8, 2016, had notified standard AIS-125 (Part 1) to ensure compliance with the constructional and functional requirements of road ambulances. Continue reading “Highways ministry proposes amendments to AIS-125 to safety and functionality of ambulances”
Source : PTI | New Delhi: Extending GST liability to subscription-based ride-hailing platforms such as Rapido and Bharat Taxi could reduce driver earnings, curb participation and weaken passenger demand, an Esya Centre report said.
The report, based on a survey of more than 2,100 drivers and passengers across 13 cities, examines subscription or software-as-a-service (SaaS) models used by platforms such as Rapido, Bharat Taxi and similar apps, where drivers typically pay a fixed subscription fee for access to customers and negotiate fares directly with passengers. Continue reading “GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: Report”
Source : PTI | Crude oil prices on Friday rose 0.81 per cent to ₹6,593 per barrel in futures trade amid uncertainties arising from the West Asia crisis.
On the Multi Commodity Exchange, crude oil for July delivery traded higher by ₹53, or 0.81 per cent, at ₹6,593 per barrel in 4,663 lots.
Analysts said with Iran firing missiles at Tel Aviv in retaliation for Israel’s aggression in Lebanon, crude oil prices moved up in futures trade. Continue reading “Crude oil futures rise on spot demand”
Rashi Agarwal is an Indian entrepreneur, investor, and business leader, best known as the Co-Founder and Chief Business Officer (CBO) of Zypp Electric, India’s leading EV-as-a-Service platform. A serial entrepreneur and one of the prominent voices in India’s electric mobility ecosystem, she has played a pivotal role in building Zypp Electric into a technology-driven last-mile logistics company that is accelerating the adoption of sustainable transportation across the country.
Before co-founding Zypp Electric in 2017, Rashi Agarwal founded LetsFlaunt, a customized fashion e-commerce platform, where she successfully scaled the business from a single-person venture to a fast-growing startup. Prior to her entrepreneurial journey, she spent over seven years at S&P Capital IQ, gaining extensive experience in financial research, business analysis, and corporate strategy. She is also an alumna of the Indian Institute of Management Kozhikode, where she pursued executive management studies. Continue reading “Rashi Agarwal”
Dilip Chenoy is an eminent Indian industry leader, policy expert, and business strategist with decades of experience across the automotive, manufacturing, skilling, and public policy sectors. He currently serves as an Independent Director at Blue Energy Motors and Chairman of the Bharat Web3 Association, while advising organizations on industry transformation, digital innovation, and sustainable growth.
Over the course of his distinguished career, Dilip Chenoy has held several of India’s most influential leadership positions. He served as the Secretary General of the Federation of Indian Chambers of Commerce & Industry (FICCI), Managing Director & CEO of the National Skill Development Corporation (NSDC), Director General of the Society of Indian Automobile Manufacturers (SIAM), and Deputy Director General of the Confederation of Indian Industry (CII). Through these roles, he played a pivotal role in shaping industrial policy, automotive development, skill enhancement, and public-private collaboration in India. Continue reading “Dilip Chenoy”
Avik Chattopadhyay is an Indian automotive strategist, brand consultant, and business leader with over two decades of experience across the automotive, mobility, energy, and marketing sectors. He is the Co-Founder and Partner at Expereal, a brand strategy and business solutions consultancy, and the Co-Founder of Emot.ai, an AI-enabled insights platform. Widely respected for his expertise in automotive product planning, brand strategy, and sustainable mobility, Avik has advised leading organizations, industry forums, and mobility initiatives across India and the Asia-Pacific region.
Before embarking on his entrepreneurial journey, Avik held leadership positions with several global automotive and energy companies, including Maruti Suzuki, Volkswagen, Stellantis, Apollo Tyres, and ExxonMobil. Throughout his career, he has led initiatives spanning product planning, marketing, business strategy, institutional sales, public relations, mergers and acquisitions, and network development, giving him a comprehensive understanding of the automotive industry’s evolving landscape. Continue reading “Avik Chattopadhyay”
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Bharat Sadak Suraksha Abhiyaan – BSSA by World Auto Forum WAF
Top Rated Cars in India 2026 by CarPhD.com CarPhD Continue reading “WAF Auto News | The Auto World This Week (3rd July 2026)”
