(Reuters) – Tata Consultancy Services will buy Porsche AG’s automotive and consulting unit MHP, ​the IT major said on Monday, as part of ‌a wider partnership under which Porsche has committed €1.25 billion ($1.46 billion) for the Indian firm and MHP.

The deal comes at a time when AI has ​been disrupting traditional outsourcing models in India’s $315 billion IT industry with ​clients pausing tech spends. Continue reading “India’s TCS to buy Porsche’s IT unit, bags 5-year deal worth $1.46 billion”

Summary

• July EV registrations rise 13% across 16 European markets, data provided to Reuters shows
• EVs account for 25.7% of new car sales in those markets
• France’s July EV share hits record 35% as social leasing subsidies kick in

LETCHWORTH, England, (Reuters) – Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more ​affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. Continue reading “High oil prices, subsidies and affordable models rev up European EV sales”

Summary

• Threatened 50% tariffs would start on January 1, 2027
• Collapsed deal would have cut Canadian car and light truck tariffs to 15%
• Canada to impose retaliatory tariffs on some US goods starting September 8

WASHINGTON, (Reuters) – President Donald Trump on Monday threatened to raise U.S. tariffs on all cars, ​trucks and automotive parts from Canada to 50% starting January 1, 2027, escalating a trade fight after negotiations collapsed last week. Continue reading “Trump threatens 50% tariffs on all cars and trucks from Canada amid trade fight”

(Reuters) – Hyundai Motor’s South Korean union said on Tuesday ​it reached a tentative agreement with the company’s management, ‌averting further production losses after its lengthiest walkout in a decade.

Hyundai Motor shares were flat, while the broader market was down 2%. The labour deal ​is subject to approval by union members on Monday. Continue reading “Hyundai Motor’s union reaches preliminary wage deal, averting more strikes”

(Reuters) – Tesla raised ​the prices of ‌some of its ​Cybertruck ​pickup trucks in ⁠the ​United States ​on Tuesday, according to its ​website.

The ​company increased the ‌price ⁠of its Cybertruck dual motor ​and ​premium ⁠all-wheel drive ​by $5,000 to $74,990 ​and $84,990 ⁠respectively. Continue reading “Tesla raises prices of Cybertrucks in the US”

Source : PTI | The Telangana government would develop a dedicated ride-hailing app like Uber and Ola to support auto drivers, state Transport Minister Ponnam Prabhakar said.

The auto drivers called off their planned indefinite strike from today following assurances by the state government on their various demands.

Continue reading “Telangana to develop ride-hailing app for auto drivers”

Source : PTI | Bajaj Auto, which on Monday rolled out the new Pulsar 125 and Pulsar 150, plans to launch three new products by mid-October and two new brands in the coming months as the auto maker seeks to cater to repeat customers as well as add new buyers, a top company executive said.

The company also sounded optimistic about the sales in the second half and the festive season. Continue reading “Bajaj Auto to bring 3 new products, two brands in coming months to woo new customers”

(Reuters) – Battery electric vehicle registrations in Europe continued to rise in July, with electric cars accounting ​for more than one in four new vehicles ‌sold as strong growth in France and Germany offset weaker demand in some other markets.

Battery electric vehicle, or BEV, ​registrations across 16 key European markets rose 13.6% ​year-on-year to 224,266 vehicles in July, giving fully electric cars ⁠a 25.7% market share, data from E-Mobility Europe, ​New Automotive and Fier Automotive showed. Continue reading “Europe EV market share tops 25% in July as France, Germany drive growth”

Source : PTI | On the second day of the state-wide drive, the Regional Transport Offices (RTOs) issued notices to 1,499 non-Marathi-speaking auto-rickshaw and taxi drivers across Maharashtra on Friday for not having enough working knowledge of Marathi language.

A senior official said 5,299 auto-rickshaw and taxi drivers were subjected to the language test across Maharashtra, excluding the Mumbai Metropolitan Region (MMR), of whom 777 were found to be lacking the working knowledge of Marathi. Continue reading “On Day 2 of drive, 1,499 auto, taxi drivers get notices over lack of working knowledge of Marathi”

Source : PTI | Homegrown auto major Mahindra & Mahindra is gearing up to intensify exports with its newly unveiled pickup targeting markets like South Africa, Australia, the Middle East, and Latin America, according to company ED & CEO, Auto & Farm Sectors, Rajesh Jejurikar.

The company, which has witnessed a multi-fold increase in its electric passenger vehicles sales last fiscal, is also confident of maintaining the growth trajectory with new products hitting the market, Jejurikar told PTI. Continue reading “Mahindra bets on ‘Scorpio Lifestyler’ to drive global export push”

Source : PTI | Crude oil prices and developments in the US-Iran conflict will remain the primary factors influencing stock market movements this week, according to analysts.

“Investors will closely monitor the Jackson Hole symposium, particularly comments from the US Federal Reserve Chairman, for indications on the future trajectory of interest rates. US GDP estimates, durable goods orders and consumer confidence will also provide important clues on the strength of the US economy and the Fed’s policy outlook,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said. Continue reading “Crude oil, US-Iran tensions and Fed cues to steer markets this week”

Source : PTI | Assam cab operators on Saturday suspended their blockade against Meghalaya-registered vehicles following assurances on safety after a ministerial-level meeting between the two states.

The decision was announced after a meeting between Assam Border Protection Minister Atul Bora and Meghalaya Deputy CM S Dhar, who had been entrusted by their respective governments to resolve the crisis. Continue reading “Assam cab operators lift blockade after Meghalaya assures safety of vehicles”

Source : PTI | Two days after violence during a protest by app-based riders here, the Smart City Online Auto-Taxi Drivers Union on Friday apologised for the inconvenience caused to the public and urged the government to release the vehicles seized by police.

In a video message, union president Dinabandhu Naik said the protesters accepted responsibility for the disruption. Continue reading “Odisha app-based auto, taxi drivers seek release of 354 seized vehicles after protest”

Summary

• About 40,000 Hyundai Motor union members were expected to join Friday’s walkout
• Walkouts have disrupted 55,200 vehicles worth over 2.3 trillion won, Yonhap estimates
• Union seeks higher retirement age, 800% bonus, job protections
• against AI and automation
• Hyundai Motor said it was committed to finding solutions through ​dialogue

SEOUL, (Reuters) – Hyundai Motor’s South Korean union staged its first full ‌strike in a decade on Friday after wage talks stalled, as it seeks a higher retirement age and job protections against artificial intelligence and automation. Continue reading “Hyundai Motor’s South Korean union stages first full strike in a decade over pay”

Summary

• Decision says Uber suspended driver accounts automatically without adequately informing them
• Uber says it disputes some facts and size of fine and will appeal
• Fine ​is second largest of its kind

AMSTERDAM, (Reuters) – The Dutch Data Protection Authority has fined Uber €825 million ($966 ‌million) for deactivating driver accounts through automated systems without adequately informing them, according to an August 17 decision reviewed by Reuters. Continue reading “Dutch regulator fines Uber $966 million for automating driver suspensions”

WASHINGTON, (Reuters) – The U.S. National Highway Traffic Safety Administration said on Friday it has upgraded and expanded a probe ​into nearly 1 million General Motors pickup trucks and SUVs over engine failures ‌that led to a recall in 2025.

The agency said it was opening an enginering analysis, a higher-level investigation than the a formal review it began this year to determine ​if the company’s fix was effective. Continue reading “US highway agency expands probe into GM pickups, SUVs over engine failures”

Summary

• Tesla and others recall nearly 4.3 million vehicles in China
• Recall is over electronic door handles and their use in emergencies
• China to ban hidden door handles from 2027
• US and Europe considering standards for electronic handles

(Reuters) – Electronic door handles of the kind that are at the center of China’s largest-ever vehicle ​recall have proliferated across the globe over the past decade, especially on electric vehicles. Continue reading “Explainer: What we know about the door handles that triggered China’s record auto recall”

Summary

• China’s largest auto recall campaign yet concerns 4.3 million vehicles
• Tesla to recall 2.98 million vehicles
• China bans hidden door handles from 2027

BEIJING, (Reuters) – Tesla and eight other automakers said on Friday they will recall a total of about 4.3 million vehicles ​in China over concerns that doors may be difficult to open in an emergency, marking the country’s largest automotive recall. Continue reading “Tesla and others begin record vehicle recall in China”

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• Two lakh exports achieved in under 38 months
• The Made-in-India SUV is being exported to close to 90 countries

New Delhi: Maruti Suzuki India Limited (“Maruti Suzuki”) today announced that its popular SUV, FRONX, has crossed the milestone of 2 lakh exports in under 38 months, becoming the fastest SUV from India to achieve this feat^** . Continue reading “Maruti Suzuki FRONX becomes the fastest SUV to clock 2 lakh exports from India in record time”

Summary

• Hui pleaded guilty to 8 charges, including fraud, bribery
• Evergrande fined $1.3 billion, Hui’s property to be confiscated
• Court says their crimes cause significant economic loss, social harm
• Hui was once Asia’s richest person, Evergrande China’s top developer

HONG KONG/SHENZHEN, China, (Reuters) – The founder of China Evergrande Group, the world’s most-indebted property developer, was sentenced to life in prison by a Chinese ‌court on Thursday, five years after the firm’s collapse shook the nation’s economy and financial markets. Continue reading “China Evergrande founder sentenced to life in prison”

Summary

• AiMOGA targets 10,000 global robot deliveries next year, chief Zhang says
• Company has deployed 110 humanoid police robots across multiple Chinese cities
• Zhang said overseas demand may be stronger in Middle East and Southeast Asia

BEIJING, (Reuters) – The robotics division of China’s largest auto exporter Chery Automobile is gearing up ​for an IPO to fund future growth and investments, its chief said on Wednesday, as competition intensifies in the country’s fast-growing humanoid robot ‌sector. Continue reading “Chery’s robot unit eyes IPO, targets overseas market for police robots”

Summary

• Source says proposed deal cuts top-line tariff on Canadian-built autos to 15% from 25%
• Source says proposed deal halves top-line tariffs on Canadian steel and aluminum to 25%
• Tariffs on $20 billion of Canadian goods are scheduled to take effect on Saturday

WASHINGTON/OTTAWA, (Reuters) – The ​U.S. and Canada are closing in on a trade deal in which Washington could cut some contentious tariff rates on Canadian-built cars and trucks, ‌and key metals, a source familiar with the matter said on Wednesday. Continue reading “US could cut key tariffs as part of proposed Canada deal, source says”

Summary

• Most of LG Energy’s North American factories are making storage batteries
• LG’s new Michigan plant plans to produce cells for Tesla and Toyota
• LG’s switch to energy storage from EVs requires new chemistry

(Reuters) – A few years ago, battery manufacturer LG Energy Solution was racing to make cells for electric ‌vehicles. Today, its focus has mostly flipped to a new product: energy storage batteries. Continue reading “LG Energy, once fixed on EV batteries, jumps to Plan B”

Source : PTI | Maharashtra Transport Minister Pratap Sarnaik on Wednesday said the entire process of verifying Marathi language knowledge while issuing new badges to auto-rickshaw and taxi drivers will be videographed from Thursday.

The measure was aimed at ensuring transparency in the implementation of the amended motor vehicle rules, making “working knowledge” of Marathi mandatory for such drivers, Sarnaik said at a press conference in Mantralaya. Continue reading “Maharashtra to videograph driver badge tests for Marathi compliance from Aug 20”