A Giant of the Indian Automobile Industry Bids Farewell

• By dismantling age-old mobility barriers, Yulu has supported economic inclusion for 12,000+ home service professionals across 12 cities
• Yulu’s low operating costs make mobility affordable and accessible for thousands of women riders, enabling greater economic participation
• Its EVs enable women to take up 25-30% more assignments daily

Bengaluru, July 02, 2026: Access to low-cost mobility is a critical enabler that allows women and people from marginalised communities to work and live with dignity. As a mobility platform operating at the intersection of electric mobility, last-mile logistics, and sustainable livelihoods, Yulu recently announced that its platform has been used by over 12,000 women home service professionals across 12 cities to date. Continue reading “Driving Dignity and Livelihoods: Yulu Empowers 12,000+ Women Home Help Professionals to Date”

Summary

• Shares gain 4%, signaling robust investor confidence
• Lime provides shared electric bikes and scooters

(Reuters) – Uber-backed Lime’s shares rose 4% in its Nasdaq debut on Wednesday, signaling robust investor confidence in the e-scooter and bike operator’s ​business model and valuing the company at about $1.7 billion.

Lime, founded in 2017, is based in San Francisco, and provides ‌short-term rentals of electric bikes and scooters in more than 230 cities worldwide. Continue reading “Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut”

Summary

• Startups use auto, fracking, and pharma tech to cut costs and speed production
• 3D printing slashes rocket motor production time, legacy firms also innovate
• Quality, certification, and scaling remain hurdles for new entrants, experts and executives say

WASHINGTON, (Reuters) – Defense tech startups are repurposing automotive chips and pipes used in fracking — while copying production methods from drugmakers — in an effort to deliver weapons to the Pentagon faster and at lower cost.

Soaring demand for rocket motors used to power missiles and other ​weapons has spurred new thinking about supply chains. Seeking big returns, Silicon Valley-style startups are now taking on defense companies that have long dominated the industry, pulled into the competition by a need for ‌production speed, high volume and lower costs, according to ten industry executives, experts and U.S officials interviewed by Reuters. Continue reading “Defense startups raid auto and fracking sectors for parts to speed weapons output”

Summary

• BYD ‘close’ to deciding on second European site, adviser says
• Spain and France are candidates for brownfield investment

FRANKFURT, (Reuters) – China’s BYD, the world’s largest electric vehicle ‌maker, is close to a decision on taking over an existing European auto plant to speed up its expansion in the region, a senior adviser said on Wednesday.

“The call needs to be made very ​soon,” Alfredo Altavilla, BYD’s special adviser for Europe, told the Reuters Automotive Europe conference ​in Frankfurt, referring to proposed EU ‘Made in Europe’ rules aimed at boosting ⁠local manufacturing. Continue reading “China’s BYD nears decision on second European plant, adviser says”

Summary

• Second-quarter US vehicle sales seen flat at around 4.16 million
• US hybrid sales rose 17% through May, helping overall sales
• Higher-income buyers shrug off economic uncertainty

DETROIT, (Reuters) – Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak ​backdrop for the car business.

Since early spring, American consumers have confronted sharply higher gas prices, an uptick in inflation, unease over jobs, and jitters over the Iran ‌war. And yet, U.S. vehicle sales in the first half of the year declined just 3% year over year, according to Omdia Automotive. Continue reading “US car sales on cruise control despite pressures”

(Reuters) – General Motors on ​Wednesday reported ‌a 4.2% drop ​in U.S. ​auto sales during ⁠the ​second quarter, ​as inflationary pressures kept some ​new ​vehicle buyers at bay.

The ‌automaker ⁠notched quarterly sales of ​714,896 ​units ⁠compared with 746,588 ​units ​a ⁠year earlier. Continue reading “GM’s second-quarter US auto sales fall 4%”

Summary

• Wayve has raised $2.8 billion from investors including Nvidia, Mercedes-Benz and Nissan
• Wayve plans to put its system in Stellantis robotaxis on Uber’s network
• Nissan is assessing Wayve’s safety approach before a planned rollout in Japan by March 2028
• July 1 (Reuters) – Autonomous-driving startup Wayve is riding a tide of investor interest.

The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across ​the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis from Jeep maker Stellantis to go on ‌Uber’s ride-hailing network.

Wayve uses an artificial-intelligence technology called end-to-end machine learning to navigate roadways, which is supposed to instantly translate sensor-generated data into driving decisions, much like a human driver. That differs from a more traditional approach, which melds AI with software coding and high-definition maps to create preset rules for how the car should respond in different scenarios, including unforeseen events. Continue reading “Wayve courts automakers with AI driving system that learns like humans”

Summary

• Nissan CEO touts vehicle quality, new models in U.S. turnaround effort
• Nissan veering away from rental-car sales in bid to lift brand image
• A hybrid version of Rogue SUV is planned for late this year

(Reuters) – Nissan CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle ‌sales ticked higher. But he knows there’s still a long way to go.

Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival strategy. Nissan’s U.S. market share hovers just ​above 6%, down from around 9% a decade ago. Continue reading “Nissan CEO’s US mission: shed rental-car image”

Source : PTI | KPIT Technologies on Tuesday said it expects the financial performance for Q1 FY27 to be lower-than-expected previously, owing to a sudden drop in revenues over the last few weeks.

It warned of an expected decline of about one per cent in USD-reported revenues for Q1 FY27 as compared to Q1 FY26, primarily due to “sudden actions by some European OEMs triggered by their recent profit warnings and adverse business outlook”.

Continue reading “KPIT Tech warns of lower-than-expected Q1 FY27 financial performance”

Source : PTI | India imported 4.93 million barrels per day (bpd) of crude oil in June, the highest volume for the month on record, despite geopolitical tensions in West Asia, according to data and analysis from energy intelligence firm Kpler.

Russian crude imports rose to around 2.6 million bpd during the month, reinforcing Russia’s position as India’s largest oil supplier, Kpler analyst Sumit Ritolia said. Continue reading “India imported record crude volumes in June despite West Asia tensions”

Bangalore, July 2026: Toyota Kirloskar Motor (TKM) today announced its sales performance for the month of June 2026 with 31,016 units, reflecting a growth of 7% compared to 28,869 units sold in June 2025. This includes 28,441 units sold in the domestic market and 2,575 units exported.

Continue reading “Toyota Kirloskar Motor Registers 31,016 Units Sales in June 2026”

New Delhi, June 2026: Maruti Suzuki India Limited (“Maruti Suzuki”) has onboarded five startups: MiniMines, Easework AI, Sarvam AI, Siftly and CodeMate AI to co-create solutions across multiple business areas to enhance operational efficiency and elevate customer experience.

The selected startups are winners of the 5th cohort of the Maruti Suzuki Incubation Program (MSIP). MSIP is organized in partnership with IIM Bangalore’s incubation hub for entrepreneurship and startup support, NSRCEL (Nadathur S. Raghavan Centre for Entrepreneurial Learning). Continue reading “Maruti Suzuki collaborates with 5 startups”

Source : PTI | Under the new electric vehicle (EV) policy, the Delhi government aims to reduce air pollution from commercial vehicles by offering special incentives for both small and large trucks.

According to officials, a government study from 2018 found that 33 per cent of the vehicular pollution is from commercial goods carriers.

Continue reading “Delhi’s new EV policy envisions ‘truck revolution’, infrastructure problems remain”

Source : PTI | New Delhi: Delhi’s electric mobility transition is increasingly being driven by two-wheelers, with electric scooters and motorcycles accounting for nearly four in every 10 electric vehicles registered in the city.

According to Envirocatalysts, a research and advisory think tank, the city had 4.30 lakh registered electric vehicles till this year, of which nearly 1.70 lakh, or almost 40 per cent, were electric two-wheelers.

Continue reading “Nearly 4 in 10 Delhi EVs are two-wheelers, data shows; experts back EV adoption”

Source : PTI | Schools in the national capital on Monday said they will begin planning a phased transition of their bus fleets to electric vehicles in line with the Delhi government’s EV Policy 2026.

Welcoming the policy, some schools are preparing to ask transport contractors to induct EV buses, while others are assessing operational requirements before switching. Continue reading “Delhi schools plan phased shift to electric buses under EV Policy”

Source : PTI | Pune-based Force Motors on Tuesday said it has signed an initial pact with the Ministry of Road Transport & Highways (MoRTH) to participate in the central government’s commercial vehicle replacement schemeDelhi-NCR.

As a participant, the company will support the implementation of the scheme through its authorised dealership network in Delhi-NCR and extend the prescribed Original Equipment Manufacturer (OEM) benefits to eligible customers in accordance with the scheme guidelines, Force Motors said. Continue reading “Force Motors joins Centre’s commercial vehicle replacement scheme for Delhi-NCR”

Source : PTI | Chauffeured car rental and mobility solutions provider Mann Fleet Partners has filed draft papers with markets regulator Sebi to garner funds through an Initial Public Offering (IPO).

The proposed IPO comprises a fresh issue of 60.12 lakh equity shares and an Offer-For-Sale (OFS) of up to 19.10 lakh equity shares by promoters and individual shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Continue reading “Mann Fleet Partners files IPO papers with Sebi”

Summary

• Swiss seeking trade deal with US after initial November accord
• Announcement comes as Swiss president travels to US
• Steps should streamline access for US products

ZURICH, (Reuters) – Switzerland plans further steps to ‌underpin commitments made in a preliminary U.S. tariff deal last year, including streamlining recognition of American standards for cars and medical devices, the government said late on Monday.

As it seeks ​to formalise a trade agreement with Washington, Switzerland’s governing Federal Council said ​the measures also included facilitating recognition for U.S. conformity assessment bodies ⁠and government procurement. Continue reading “Swiss to ease recognition of US standards for cars, medical devices as trade deal sought”

(Reuters) – Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.

The gain is likely ​to stem from higher demand in Europe, where a sharp ‌jump in fuel prices has pushed consumers to choose battery-powered cars.

While demand in China is expected to be stable, U.S. sales are still pressured by ​the expiry of the $7,500 Biden-era federal EV tax credit in ​September. Continue reading “Tesla Q2 deliveries expected to rebound as Europe sales recover”

Summary

• China leads substitution push, with government support and EV makers
• Analysts say substitution is gradual, limited by efficiency and emissions
• See Factbox on substitution and companies involved read more

LONDON/SHANGHAI/BEIJING/DETROIT, (Reuters) – Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the electric ​battery two centuries ago.

The decisions follow similar moves by Tesla and Chinese EV makers and reflect a broader industry trend forecast to affect around 2% of global copper demand ‌this year, according to JPMorgan. Continue reading “Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium”

A cinematic convergence of motorsport heritage and India’s vanguard cultural artistry

• The Ultimate Surrender: The all-new Škoda Kodiaq RS challenges drivers to ‘Surrender’ to a masterclass in driving—fusing 50 years of track-bred RS engineering and 125 years of motorsport dominance with advanced 4×4 capability and apex luxury.
• Engineering Meets Artistry: This landmark collaboration weaponises the raw, all-terrain power of the Kodiaq RS alongside the progressive sitar strings of Rishab Rikhiram Sharma, delivering an unforgettable sensory duet of machine, melody, and terrain.

India,  June 2026 – Škoda Auto India has shattered the conventional automotive launch playbook, unveiling an evocative creative collaboration with global sitar virtuoso Rishab Rikhiram Sharma to mark the arrival of the highly anticipated, all-new Kodiaq RS. Debuting at a defining moment for the brand, which celebrates a dual milestone of 125 years in motorsport and over five decades of the iconic RS racing pedigree, the collaboration offers a cinematic experience that seamlessly intertwines precision engineering with the burgeoning popularity of Indian neo-classical music artistry. Continue reading “Rishab Rikhiram Sharma And Škoda Orchestrate A Masterclass In Speed And Strings”

Source : PTI | Bajaj Auto Ltd on Monday said its ₹5,632.8-crore share buyback will start from July 1, 2026.

The company is undertaking a buyback of up to 46.94 lakh fully paid-up equity shares of face value of ₹10 each at a price of ₹12,000 per share, payable in cash, for an aggregate amount of up to ₹5,632.8 crore, Bajaj Auto said in a regulatory filing. Continue reading “Bajaj Auto’s ₹5,632.8-crore share buyback to open July 1, close July 7”

MILAN, (Reuters) – Stellantis has added an extra week of summer downtime at its Fiat 500 factory in Turin, northern Italy, ​due to parts shortages from some suppliers, the FIM ‌Cisl trade union said on Monday, adding that the stoppage may also reflect weak demand.

• FIM Cisl said in a statement the automaker had ​notified it of a stoppage at the Mirafiori factory ​from July 27 to 31, adding to a previously ⁠planned three-week summer downtime that was due to start in ​August.
• Stellantis told unions that Mirafiori would halt activities for an extra ​week this summer due to parts supply shortages including for engines, bumpers and sensors, a company spokesperson confirmed.
• Some suppliers are struggling to keep pace ​with increased production of the Fiat 500 city car, which ​was relaunched late last year with a hybrid version, the spokesperson said.
• FIM ‌Cisl’s ⁠Igor Albera, however, said continued stoppages at the plant suggested market demand was weaker than expected.
• Operations at Mirafiori were due to resume on Tuesday after a week’s stoppage around a public ​holiday in Turin.
• Stellantis ​said last year ⁠it aimed to produce around 100,000 units of the Fiat 500 in 2026, in hybrid ​and fully electric versions.
• The automaker’s Europe Chief Emanuele ​Cappellano said ⁠last month the group had made 15,000 Fiat 500s in the first quarter, adding that production was accelerating but stopping short ⁠of confirming ​the 100,000 annual target.
• Albera said Stellantis ​earlier this year cut the Mirafiori daily assembly rate for the 500 to ​400 units from 430.

Continue reading “Stellantis extends summer stoppage at Fiat 500 Turin factory”

Summary

• Drivers fear weaker resale values and uncertain warranty support after the federal denial
• Polestar says pre-2027 sales, software updates and product support will continue
• Volvo won U.S. authorization, leaving Polestar dealers puzzled by the government decision

DETROIT, (Reuters) – When Ryan Rodriguez landed a great deal on a model year 2024 Polestar earlier this month, he did ​not anticipate the brand would soon be in trouble in the United States.

Last week Polestar, which is majority-owned by China’s Geely Holding said ‌it was denied an authorization to sell new models in the U.S. under a federal rule that restricts cars with Chinese-linked connected-vehicle technology, beginning with the 2027 model year. Continue reading “Polestar’s US setback leaves owners asking: who will service my car?”

Source : PTI | TVS Motor Company is looking forward with measured optimism to the road ahead that is “unpredictable, complex and exciting”, according to its Chairman and MD Sudarshan Venu.

In his address to shareholders in the company’s annual report for 2025-26, Venu said the company expects to perform in line with market expectations in its primary market in India, barring any weather shocks that may impact the monsoons or any other unforeseen circumstances. Continue reading “TVS Motor Company looking ahead with ‘measured optimism’: CMD Sudarshan Venu”

Summary

• Geely’s Lotus to hold launch ceremony in Montreal in early July
• BYD, Chery could finish procedures to enter Canada later this year
• Ambassador says trade with Canada could more than double

OTTAWA, (Reuters) – Geely Holding Group’s Lotus brand electric vehicles will arrive in Canada ​next month under an agreement between Prime Minister Mark Carney and Chinese President Xi Jinping, China’s ambassador to Canada Wang Di told ‌Reuters on Friday.

They will be the first Chinese-owned and manufactured vehicles for sale under an agreement that allows up to 49,000 Chinese EVs to enter Canada annually at a reduced tariff rate, as Carney tries to diversify Canada’s trade away from the United States. Continue reading “EXCLUSIVE China’s Geely to ship first Lotus EVs to Canada in July under Carney-Xi deal, ambassador says”

BEIJING, (Reuters) – Major Chinese electric vehicle battery makers on Monday pledged to pay their suppliers more quickly, as part of wider ​efforts to ease financial strain across the auto industry.

Price ‌wars and weakening demand have squeezed margins across China’s vehicle industry, where suppliers have suffered from increasing delays in receiving payments.

Last year, Chinese authorities issued rules ​requiring big companies to settle most payments within 60 ​days. Continue reading “Chinese EV battery makers pledge to pay suppliers more quickly”

Summary

• President Lee says projects to secure overwhelming industrial strength
• Chip investments by Samsung, SK Hynix and local governments top $576 billion
• Expected southwest chip hub plan aims to ease Seoul-area concentration
• Critics question infrastructure, skilled labour and political motives behind the plan

SEOUL, (Reuters) – South Korea on Monday laid out a sweeping industrial ​strategy centred on semiconductors and artificial intelligence, as President Lee Jae Myung unveiled over $576 billion in chip investment to secure global dominance and rebalance growth.

The plan, anchored by ‌Samsung Electronics and SK Hynix, marks Lee’s boldest push yet to align South Korea’s AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area. Continue reading “Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership”

Source : PTI | Union Cooperation Minister Amit Shah will on Saturday launch Bharat Taxi, India’s first driver-owned ride-hailing platform, across 14 major cities in Gujarat, with the government targeting a state-wide rollout within a month.

The cities where the service will go live include Ahmedabad, Surat, Vadodara, Rajkot, Jamnagar, Bhavnagar, Junagadh, Dwarka, Somnath, Valsad, Anand, Nadiad, Mehsana, and Amreli, the Cooperation Ministry said in a statement. Continue reading “India to launch driver-owned ride-hailing platform Bharat Taxi in Gujarat”

Source : PTI | With India’s electric vehicle adoption crossing the ‘early adopters’ phase, Tata Motors Passenger Vehicles is turning to majority of customers to drive EV adoption with four new products and over ten refreshes lined up for launch by FY31 to sustain its leadership position.

Early Adopters are those consumers who adopt a new idea or technology to gain a competitive edge.

The company is preparing for the next phase of growth in its electric vehicles segment, eyeing over 30 per cent EV penetration by FY31, according to an investor presentation. Continue reading “Tata Motors Passenger Vehicles to accelerate EV push with 4 new models, 10+ refreshes by FY31”

Source : PTI | New Delhi: Every time India has faced a major crisis – whether devastating floods, a once-in-a-century pandemic or the latest conflict in West Asia that threatened global oil supplies – it has been the country’s state-run oil companies that have quietly kept fuel flowing.

For decades, India’s public sector oil marketing companies (OMCs) have often been criticised for low returns, government intervention in fuel pricing and bloated operations. They have twice been put on the block for privatisation, with plans to sell Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) gathering momentum in 2002 before being halted by a Supreme Court ruling and again in 2020, before the process was abandoned after failing to attract enough bids. Continue reading “Privatisation of India’s oil giants could cripple energy security, critics warn amid global turmoil”

Source : PTI | Chief Minister Rekha Gupta on Sunday announced that the Delhi government will roll out 300 new air-conditioned electric buses on July 4, saying the government is fully committed to environment protection and developing a world-class public transport system in the national capital.

She also announced that a massive mega-plantation drive to plant 70 lakh saplings across the city will be launched on July 7.

The chief minister, who attended three separate ‘Viksit Bharat Sankalp Sammelan’ events, said her government is dedicated to realising Prime Minister Narendra Modi’s vision of a developed India. Continue reading “Delhi govt to roll out 300 new e-buses on July 4: CM Gupta”

(Reuters) – U.S. safety regulators said on Saturday they had closed their probe into Tesla vehicles over power steering ​loss, in view of a company recall which ‌was carried out last year.

The National Highway Traffic Safety Administration (NHTSA) said the investigation, which had the status of an engineering analysis, ​covered about 376,241 Model 3 and Model Y ​vehicles from the 2023 model year. Continue reading “US safety agency ends power steering probe into 376,000 Tesla EVs”

(Reuters) – German carmaker Volkswagen plans to end its automated driving tie-up with auto supplier Bosch ​as part of a wider push to cut costs and ‌boost competitiveness, Germany’s Bild newspaper reported on Sunday, citing multiple sources.

The Bosch partnership was launched in 2022 with Volkswagen’s software unit Cariad to develop ​software for driver assistance and autonomous driving across Volkswagen’s brands.

A ​spokesperson for Volkswagen directed inquiries to Cariad. Continue reading “Volkswagen plans to end automated driving tie-up with Bosch, Bild reports”

Summary

• Trading expected to start on July 8
• Mercedes-Benz, BlackRock funds among cornerstone buyers
• Deal adds to China tech listing rebound

(Reuters) – Chinese self-driving ​technology firm Momenta Global launched its Hong Kong initial public offering on Monday, ‌seeking to raise up to HK$5.89 billion ($751.1 million), according to its prospectus.

The launch confirms a Reuters report last week that Momenta planned to start the IPO this week and begin trading on July 8. Continue reading “China’s Momenta kicks off Hong Kong IPO, targets up to $751 million”

TOKYO, (Reuters) – Toyota Motor said on Monday that global vehicle sales ​slipped for a fourth consecutive ‌month in May, as decreases in China and the Middle East weighed ​on overall results.

• Global sales ​dropped 7.2% year-on-year to 834,279 vehicles, ⁠Toyota said in a release. ​Overseas sales fell 9.6%, while ​those in Japan rose 11.1%, helped by strong demand for models such as ​RAV4 and bZ4X.
• By region, sales ​in China plunged 31.7% amid tough market ‌conditions, ⁠partly due to rising petrol prices, while those in the Middle East slumped 38.6%. In the ​U.S., Toyota’s ​top market, ⁠they edged down 0.6%.
• Global production declined 5.5% from ​a year earlier, as ​a ⁠3.8% drop in the U.S. and a 13.3% decrease in Asia ⁠offset ​a rise in Japan.
• Toyota’s ​figures include its luxury brand, Lexus.

Continue reading “Toyota sales fall for fourth month in May as declines in China, US and Middle East weigh”