MEXICO CITY, (Reuters) – Sweden’s AB Volvo will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico’s Economy Minister Marcelo Ebrard said on Thursday.

Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory, putting construction costs at the time at $700 million. Continue reading “Volvo to boost Mexico plant investment to $1 billion, minister says”

Summary

• Stellantis pauses production in Mexico and Canada due to tariffs
• Automakers face 25% import tax on imported autos
• UAW criticizes Stellantis for unnecessary layoffs
• US automaker shares fall sharply

DETROIT, (Reuters) – Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump’s tariffs were announced. Continue reading “Stellantis to temporarily lay off 900 US workers as tariffs bite”

Summary

• GM to increase truck production at Fort Wayne plant
• 225-250 jobs to be added at Fort Wayne plant
• Temporary workers to be hired for operational adjustments

DETROIT, (Reuters) – General Motors plans to increase production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, it said in a webcast sent to plant employees on Thursday and viewed by Reuters, after President Donald Trump announced 25% tariffs on auto imports. Continue reading “Exclusive: GM to increase truck production in Indiana following Trump’s tariffs”

Source : PTI | German luxury carmaker BMW on Thursday reported a 7 per cent increase in its car sales in India at 3,914 units in the January-March period of 2025, its best ever first quarter sales, riding on its sports activity and electric vehicles. The group, which had sold 3,675 units in the first quarter of 2024, is looking at a double digit sales growth in 2025.

The BMW brand clocked 3,764 units while MINI recorded 150 units in the first quarter of 2025, BMW Group India said. Continue reading “BMW India sales up 7% at 3,914 units in Q1 2025”

Source : PTI | Rising input costs to meet mandatory safety requirements as well as growing consumer preference for features such as six airbags in all variants are making carmakers increase prices despite sluggish demand, according to industry players. Marker leader Maruti Suzuki India on Wednesday announced that it will increase prices of various models by Rs 2,500-62,000, from April 8, the second hike this year after increasing by up to Rs 32,500 across various models from February 1. Continue reading “Rising input costs to meet safety norms, consumer demand force carmakers to hike prices”

Source : PTI | The latest tariff measures by the US administration will not have any material impact on India’s passenger vehicle exports due to meagre volumes of such shipments, ICRA said on Thursday.

As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, US President Donald Trump on Wednesday announced 27 per cent reciprocal tariffs on India, saying New Delhi imposes high import duties on American goods. Continue reading “ICRA says US tariffs not to have any impact on passenger vehicle exports”

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Source : PTI | The Indian automobile industry does not expect to have any significant impact by US President Donald Trump’s reciprocal tariff announcement as autos are not covered in it, besides there are limited exports to the US, industry body SIAM said on Thursday. It is to be noted that automobiles are not covered in this order since they are already subject to Section 232 tariffs at 25 per cent, announced earlier in President Trump’s order on March 26, 2025, Society of Indian Automobile Manufacturers (SIAM) Director General, Rajesh Menon said in a statement.

“We don’t expect any significant impact on the Indian automobile industry since there are limited exports to the US, but we will continue to monitor the situation,” he noted. Continue reading “Don’t see any significant impact on Indian auto industry by US reciprocal tariff: SIAM”

Source : PTI | With US President Donald Trump revving up the tariff war, German luxury carmakers BMW and Mercedes-Benz in India on Thursday called for more free trade based on low tariffs and reduced trade barriers, saying it will be a win-win situation for all.

As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, the US on Wednesday announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. Continue reading “BMW, Mercedes-Benz call for free trade based on low tariffs, reduced trade barriers”

Summary

• Ford offers employee discount to all customers
• Ford builds 80% of U.S.-sold vehicles domestically
• Ford’s inventory exceeds industry average, boosting sales before price hike

DETROIT, (Reuters) – Ford Motor announced discounts across multiple models starting Thursday, leaning on its healthy inventory to offer customers thousands of dollars off as competitors hike prices to absorb tariff costs. Continue reading “Ford offers across-the-board discounts, jumping on recent tariff-induced sales bump”

Summary

• Beyond performance, powered by a 2.0-litre TSI petrol engine the all-new Tiguan R-Line features the 2.0-litre TSI EVO engine that delivers segment leading 204 PS of power and 320 Nm torque
• Beyond performance, experience unfiltered adrenalin while driving the all-new Tiguan R-Line, offered with a powerful engine mated to a 7-Speed DSG transmission coupled with 4MOTION all-wheel drive capability
• Beyond performance, redefine agility and comfort, with the all-new Tiguan R-Line, which comes equipped with DCC (Dynamic Chassis Control) Pro. The Tiguan R- Line also features a vehicle dynamics manager to control electronic differential lock (XDS) and lateral dynamics components of the shock absorbers
• Beyond safety, the all-new Tiguan R-Line is packed with advanced technology for a reassuring driving experience with 21 Level2 ADAS (Advanced Driving Assistance System) features

Beyond safety, the cabin of the all-new Tiguan R-Line offers a world of safety with segment leading 9-airbags, Tire Pressure Monitoring System, Hill Start Assist and Hill Descent Control, Front & Rear Disc Brakes and much more Continue reading “Progressive beyond performance, safety beyond features; the all-new Tiguan R-line”

Source : PTI | Indian auto component makers having manufacturing facilities in Canada and Mexico will face no significant impact of US President Donald Trump’s latest tariff war as the two countries have been exempted from additional duties. Due to the existing order under the International Emergency Economic Powers Act (IEEPA) related to fentanyl and migration, the White House confirmed that the new tariffs announced on Wednesday will not apply to Canada and Mexico.

Subsequently, US-Mexico-Canada Agreement (USMCA) compliant goods from both the countries will attract zero duty while non-compliant items will face a 25 per cent tariff.

Continue reading “Indian auto parts makers with plants in Canada, Mexico face no significant impact of US tariffs”

(Reuters) – India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America.

Below are some of the key points:

TARIFF RATE AND COMMENTS ON INDIA

A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10%-49% unveiled by Trump for other countries. Continue reading “How will Trump’s reciprocal tariffs impact Indian exports?”

Summary

• CCPIT, CCPIT Shanghai in dispute over who has organising rights
• Automaker sources say conflict has sowed confusion
• Auto China is China’s showpiece auto event

SHANGHAI, (Reuters) – The government backers of China’s largest auto show have clashed over who has the rights to organise it, sowing confusion among automakers and would-be attendees just weeks before the opening of the showpiece event in the world’s biggest auto market. Continue reading “China’s main auto show cast in unwelcome spotlight as government backers clash”

Summary

• India to lower EV tariffs in trade deal with the US, sources say
• Duty cut a boost for Tesla, setback for India’s Tata, Mahindra
• Carmakers fear immediate cuts will hurt investments, sources say
• Fear US deal will set precedent for EU, UK talks, sources say

NEW DELHI, (Reuters) – India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters. Continue reading “Exclusive: India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say”

Summary

• Nissan’s US sales reliant on Mexican production
• Japanese automakers face profit challenges from US tariffs, Goldman Sachs says
• Weak yen could offset some tariff impact for Japanese automakers

TOKYO, (Reuters) – Japanese automakers have long relied on the “dependable and affordable” appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head. Continue reading “US tariffs upend Japanese carmakers’ Mexico gambit – and add to Nissan’s woes”

Summary

• Ford to offers employee discount to all customers
• Ford builds 80% of U.S.-sold vehicles domestically
• Ford’s inventory exceeds industry average, boosting sales before price hike

DETROIT, (Reuters) – Ford Motor plans to announce discounts across multiple models starting Thursday, three sources said, leaning on its healthy inventory to offer customers thousands of dollars off as competitors hike prices to absorb tariff costs. Continue reading “Exclusive: Ford to offer across-the-board discounts, jumping on recent tariff-induced sales bump”

Summary

• Tesla’s sales drop to the weakest in nearly three years
• Sales decline was more pronounced than analysts’ expectations
• Tesla faces competition from BYD, Volkswagen, and BMW
• Shares fall 7% in after-market trading after Trump tariff announcement

(Reuters) – Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y. Continue reading “Tesla quarterly sales plunge as Musk backlash grows”

WASHINGTON, (Reuters) – U.S. President Donald Trump’s 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

The update of Trump’s auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3, a month after Thursday’s midnight activation of 25% tariffs on vehicle imports. Continue reading “Trump’s auto tariffs to cover more than $460 billion of US vehicle, parts imports”

Source : PTI | Toyota Kirloskar Motor on Tuesday reported its highest ever sales in a financial year 2024-25 driven by robust demand for both SUVs and multi-purpose vehicles. The company said it dispatched 3,37,148 units to dealers last fiscal year, a growth of 28 per cent as compared with 2,63,512 units in FY24.

In March, the company sold 30,043 units, a growth of 11 per cent, as compared with 27,180 units in the same month last year. Continue reading “Toyota reports best-ever sales in FY25 at 3,37,148 units”

Source : PTI | Honda Cars India on Tuesday said its domestic sales increased 2 per cent year-on-year to 7,228 units in March. The automaker dispatched 7,071 units to dealers in March last year.

Export declined to 4,656 units last month as compared with 6,860 units in March last year.

The company said it registered total sales of 1,26,151 units in FY25 against 1,24,173 units in FY24. Continue reading “Honda Cars sales up 2% to 7,228 units in March”

Source : PTI | Japanese two-wheeler maker Suzuki Motorcycle on Tuesday reported its highest-ever annual sales in India at 12,56,161 units for 2024-25, growing by 11 per cent year-on-year compared to 11,33,902 units sold in the financial year ended in March 2024. The total sales for FY 2024-25 include record domestic sales of 10,45,662 units, a 14 per cent rise from 9,21,009 units sold in FY24, Suzuki Motorcycle India Pvt Ltd said.

The company also exported 2,10,499 two-wheelers in 2024-25 against 2,12,893 two-wheelers in 2023-24. Continue reading “Suzuki Motorcycle sales rise by 11% to 12.56 lakh in FY25”

(Reuters) – Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter.

The two companies, both controlled by the central government, have conducted detailed discussions on how to merge their operations and informed their foreign partners of the merger discussions, the report said. Continue reading “Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports”

Summary

• US auto tariffs override AGOA duty-free benefits
• Industry body assesses impact of tariffs on car industry
• US tariffs could impact South African economy, says minister
• South Africa’s vehicle exports to U.S. valued over $2 billion

JOHANNESBURG, (Reuters) – South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States. Continue reading “South Africa plans US meeting on looming auto tariffs”

HONG KONG, (Reuters) – The founder of Chinese electric vehicle maker Xiaomi said on Tuesday he was “heavy-hearted” after three people were killed in an accident involving one of the company’s SU7s, and said it would fully cooperate with a police investigation.

The incident on March 29 marks the first major accident involving the SU7 sedan, which Xiaomi launched in March last year and which since December has outsold Tesla’s Model 3 on a monthly basis. Continue reading “Xiaomi will cooperate with investigation into fatal EV crash, says founder”

BRUSSELS, (Reuters) – Volkswagen, Stellantis, 13 other carmakers and their car association were fined a total of 458 million euros ($495 million) by EU antitrust regulators on Tuesday for taking part in a vehicle recycling cartel.

The European Commission, which raided the companies three years ago, said the cartel, which involved end-of-life vehicles, took place from May 2002 to September 2017, with automakers association ACEA organising meetings and contacts between the companies. Continue reading “Volkswagen, Stellantis and other carmakers hit with $495 million EU cartel fine”

Summary

• GM’s first-quarter sales up 17%, Ford’s drop 1.3%
• Tariffs may slow auto sales — Cox Automotive
• Potential tariff-related price hikes likely helped

(Reuters) – U.S. buyers snapped up more pickup trucks and sport-utility vehicles in the first quarter from a year earlier in the run-up to President Donald Trump’s tariffs on auto imports, which could raise prices by thousands of dollars. Continue reading “US first-quarter auto sales get a lift from looming Trump tariffs”

Summary

• Yew Tree Consortium to invest 52.5 million pounds
• Chairman Stroll’s stake to rise to 33%, eyes up to 35%
• Aston Martin revises volumes forecast due to tariff impact

(Reuters) – Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.S. President Donald Trump. Continue reading “Aston Martin gets $162 million funding boost to counter losses, Trump tariffs”

Summary

• Tesla Rome dealership and 17 cars destroyed in fire
• Musk called fire “terrorism” on social media
• Two stores vandalised in Sweden

ROME, (Reuters) – An overnight fire at a Tesla dealership in Rome that destroyed 17 cars was an act of terrorism, the company’s billionaire owner Elon Musk said on Monday. Continue reading “Musk says ‘terrorism’ behind fire at Rome Tesla dealership”

Summary

• Toyota’s hybrid demand outpaces supply, causing global delivery delays
• Tight supply of components affecting Toyota suppliers Aisin, Denso
• Toyota says making efforts to boost production to respond to demand

NEW DELHI/AUSTIN, (Reuters) – Soaring demand for Toyota’s gasoline-electric hybrids has left suppliers struggling to keep pace, leading to shortages of parts and months-long waits for car buyers, according to four people familiar with the situation. Continue reading “Dude, where’s my car? Toyota buyers face long waits amid hybrid boom”

WASHINGTON, (Reuters) – Two Michigan business groups urged President Donald Trump to halt plans to impose sweeping 25% tariffs on imported vehicles and parts, saying it would lead to dramatic price hikes, supply-chain disruptions and pain in the auto-heavy state.

“The increased costs would cause significant disruption throughout the supply chain and, perhaps most importantly, lead to significant price increases to the cost to American consumers for vehicles,” the Detroit Regional Chamber and MichAuto, an automotive and mobility association, said in a letter. Continue reading “Trump’s auto tariffs will lead to autoworker pain, two Michigan business groups say”

Summary

• Samuelsson safe bet amid rising trade tensions
• Volvo vulnerable to Trump auto tariffs
• Chairman Li Shufu under investor pressure
• Shares down 70% since 2021 listing

STOCKHOLM/LONDON, (Reuters) – Volvo Car’s abrupt decision to tap Hakan Samuelsson as its CEO puts the car industry veteran back in charge of steering the automaker through U.S. President Donald Trump’s tariff turbulence and a wobbly transition to electric cars, analysts and investors said. Continue reading “Volvo goes back to car industry basics with surprise CEO switch”

TURIN, Italy, (Reuters) – Stellantis will buy credits from a “pool” led by Tesla also in 2025, to meet European Union’s CO2 reduction requirements, despite Brussels giving carmakers three years to comply, the group’s Europe head said on Saturday.

Carmakers facing tougher EU emissions rules this year agreed to pool their emissions and avoid hefty fines by having firms with lower electric vehicle (EV) sales buy carbon credits from segment leaders including Tesla and Polestar. Continue reading “Stellantis to buy CO2 credits from Tesla ‘pool’ also in 2025, exec says”

Summary

• Automakers may stop selling affordable models, impacting U.S. consumers
• Tariffs could add $3,000-$6,000 to vehicle costs, Cox Automotive predicts
• Automakers face tough decisions on production and supply chains

LONDON/WHITE LAKE, Michigan, (Reuters) – Major automakers can deal with President Donald Trump’s tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Continue reading “US car buyers face higher prices, less choice under Trump’s tariffs”

Summary

• Tariffs may increase new car prices, pushing demand to used market
• GM builds affordable models in South Korea, not the US
• Detroit automakers focus on profitable trucks and SUVs
• Tariffs could add $6,000 to Canadian or Mexican-made vehicles
• Experts warn tariffs could harm economy, affect consumer spending

DETROIT, (Reuters) – Working-class car buyers will be the hardest hit by U.S. President Donald Trump’s 25% tariff on imported vehicles because almost all low-cost new cars sold in the United States are built elsewhere. Continue reading “Why Trump’s auto tariffs will hurt his working-class supporters”

WASHINGTON, (Reuters) – U.S. President Donald Trump said on Saturday he did not warn car industry executives against raising prices as tariffs on foreign-made autos come into force, telling NBC News he “couldn’t care less” if they do.

The White House has been preparing to impose new tariffs on a range of consumer goods on April 2, a move that has drawn criticism from international leaders and concerns about potential price increases for consumers. Continue reading “Trump tells NBC he ‘couldn’t care less’ if car makers hike prices due to tariffs”

(Reuters) – Volvo Cars has reappointed Hakan Samuelsson, who served as CEO of the company from 2012 to 2022, as chief executive, after the group warned last month that it could be in for a challenging 2025.

Samuelsson, 74, will succeed Jim Rowan, who will step down on March 31. Samuelsson will serve a two-year term while the group prepares to appoint a long-term successor, it said in a statement on Sunday. Continue reading “Volvo Cars brings back veteran Hakan Samuelsson as CEO”

Tata AutoComp Systems Limited, (“TATAAUTOCOMP”), a leading Indian automotive components manufacturer, has entered into definitive agreements to acquire up to 80% shareholding of Artifex Interior Systems Limited (formerly known as IAC UK).

On completion of this transaction, Artifex, with revenue of GBP 296 million (FY24-25), will join the TATA AutoComp family. Completion of the acquisition is subject to customary closing conditions and approvals. TACO has purchased the majority shareholding from Jaguar Land Rover Ventures Limited, a subsidiary within the Jaguar Land Rover Automotive plc group, which is part of Tata Motors Limited. Continue reading “Tata Autocomp announces acquisition of Artifex Interior Systems Limited”

Summary

• Automakers may stop selling affordable models, impacting U.S. consumers
• Tariffs could add $3,000-$6,000 to vehicle costs, Cox Automotive predicts
• Automakers face tough decisions on production and supply chains

LONDON/WHITE LAKE, Michigan, (Reuters) – Major automakers can deal with President Donald Trump’s tariffs on U.S. auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said. Continue reading “US car buyers face higher prices, less choice under Trump’s tariffs”