Summary
BRUSSELS, (Reuters) – Chinese electric vehicle makers BYD, Geely and SAIC have challenged the EU’s import tariffs at the Court of Justice of the European Union (CJEU), filings on the court’s website showed on Thursday. Continue reading “Chinese EV makers file challenges to tariffs at EU court”
Source : PTI | New Delhi: Hindustan Petroleum Corporation Ltd (HPCL) on Thursday reported more than tripling of its December quarter net profit as marketing margins soared. Consolidated net profit stood at INR 2,543.65 crore in October-December 2024 – the third quarter of April 2024 to March 2025 fiscal year (FY25) – compared with INR 712.84 crore earning in the same period a year back, according to a stock exchange filing of the company.
Source : PTI | Jupiter Electric Mobility on Friday said it has formed a strategic partnership with logistics operator Porter for its Udaan programme.
The Udaan program is designed to support local small entrepreneurs and drivers to establish and grow their businesses in the electric logistics segment, besides providing professional training and access to essential EV resources and guiding entrepreneurs through the company’s dealership network.
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Summary
HANOI, (Reuters) – Vietnamese conglomerate Vingroup is facing renewed scrutiny on its strategy of backing loss-making electric vehicle maker VinFast , with its shares near multi-year lows as foreign investors sell and its borrowing costs rise. Continue reading “EV maker VinFast’s losses heap pressure on parent Vingroup as foreign investors sell”
TOKYO, (Reuters) – Nissan Motor plans to procure batteries for electric vehicles sold in the U.S. from South Korea’s SK On from around 2028 onwards, the Nikkei newspaper said on Thursday, as the troubled Japanese automaker looks to ramp up its EV business as part of a planned turnaround.
Separately, a Nissan executive said the automaker was considering plans to produce compact EVs at its plant on Japan’s southern island Kyushu, confirming a 2024 Reuters report. Continue reading “Nissan to procure EV batteries from SK On for US market, Nikkei reports”
(Reuters) – Ford Motor is recalling 272,817 vehicles in the United States on concerns over battery failure, the National Highway Traffic Safety Administration (NHTSA) said on Thursday.
The recall affects certain 2021-2023 Bronco Sport and 2022-2023 Maverick vehicles. Continue reading “Ford to recall over 270,000 US vehicles over battery concern, NHTSA says”
Summary
SEOUL, (Reuters) – South Korea’s Hyundai Motor said on Thursday it is in talks with General Motors to supply commercial electric vehicles to its U.S. peer, as it expects sales growth to halve this year due to softening demand. Continue reading “Hyundai Motor nears GM tie-up deal; sees revenue growth slowing in 2025”
(Reuters) – Tesla will raise prices of all its cars in Canada from Feb. 1, according to notices on its Canadian website, with prices of Model 3 going up by as much as C$9,000 ($6,254.78).
Model Y variants will see increases of up to C$4,000, while all versions of Model S and X will rise by C$4,000, according to the website. Continue reading “Tesla to significantly raise prices of all cars in Canada, website shows”
Source : PTI | Industry body India Energy Storage Alliance (IESA) has projected USD 500 million investment in Indian battery and mobility startup ecosystem within a year. This investment will drive new innovations, research and development, and advancements in products manufactured by these startups, IESA said in a release.
Besides, this investment will also benefit a range of companies involved in Battery Management Systems (BMS), safety management, and component manufacturing. Continue reading “IESA projects over USD 500 mn investment in Indian battery, mobility startup ecosystem in one year”
Source : PTI | India has the advantage of achieving carbon neutrality through bioethanol and renewable energy-based electrification but the government needs to create a mechanism to make prices of bioethanol fuel more affordable to make it economically viable for users, Honda Motor Co Ltd Chief Engineer Hiroya Ueda said on Tuesday. Speaking at auto industry body SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event, Ueda said ethanol has an edge over existing fuels in terms of cutting carbon emissions but the running cost is higher due to low fuel efficiency. Continue reading “Need govt policy to make bioethanol fuels price more affordable for wider adoption in India: Honda”
Source : PTI | There is a need to encourage all kinds of technologies, including compressed biogas, in order to cut carbon emissions and oil imports into the country, Maruti Suzuki MD and CEO Hisashi Takeuchi said on Tuesday. Speaking at SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event here at Bharat Mandapam, he sought government support in facilitating correct carbon accounting of emissions from biofuels. Continue reading “Need to encourage all technologies to cut carbon emissions, oil import: Maruti Suzuki”
Summary
NEW DELHI, (Reuters) – Tata Motors, India’s biggest electric car maker, is betting that locally manufactured EV batteries will help it maintain its edge in an industry where competition is intensifying with new launches, its group CFO said in an interview. Continue reading “Tata Motors looks to local battery play as EV competition rises”
Summary
BEIJING, (Reuters) – Shares in CATL the world’s largest battery maker, dropped nearly 4% on Wednesday after the Chinese company warned that its annual revenue fell for the first time last year and that profit grew at its slowest pace since 2019. Continue reading “China CATL’s shares dip after it warns of revenue fall, slowing profit growth”
LISBON, (Reuters) – The latest exploration results at Savannah Resources’ Barroso lithium project in northern Portugal point to a larger deposit than the previously estimated 28 million metric tons of high-grade lithium, the company said on Wednesday.
Savannah, which wants to build four open-pit mines in the region to extract enough lithium each year for about half a million to a million electric vehicle batteries, said last month it would accelerate the project to secure the first commercial output in 2027. Continue reading “New exploration results at Savannah’s Portugal lithium project point to larger deposit”
(Reuters) – Chrysler parent Stellantis is recalling 63,082 crossover SUV’s in the United States over concerns of loss of drive power due to a power transfer unit issue, the National Highway Traffic Safety Administration said on Wednesday.
The recall affects certain 2017-2019 model year Jeep Cherokee vehicles. Continue reading “Stellantis to recall over 63,000 US vehicles, NHTSA says”
(Reuters) – The National Highway Traffic Safety Administration said on Wednesday that General Motors is recalling about 2,890 Chevrolet Equinox EV vehicles due to concerns about their adaptive cruise control.
The recall affects certain 2025 Chevrolet Equinox EV all-wheel drive electric vehicles. Continue reading “GM recalls over 2,000 Chevrolet Equinox electric vehicles”
Summary
LONDON, (Reuters) – U.S. President Donald Trump’s tariff plans would mean higher car prices for U.S. consumers and hit global automakers, Germany’s powerful car industry warned on Tuesday, as auto stocks fell on the prospect of higher U.S. import duties. Continue reading “German carmakers say Trump tariffs would hurt US consumers, industry”
Source : PTI | Ride-hailing to electric mobility player Ola Group on Monday said it is offering digital and green mobility experience to millions of devotees attending the Maha Kumbh. By leveraging its comprehensive ecosystem – Ola Electric and Ola Consumer, the group aims to offer pilgrims a seamless, sustainable, and connected experience by integrating AI, green mobility, and enhanced options for travel during the Maha Kumbh Mela, it said in a statement.
Ola Founder Bhavish Aggarwal said Maha Kumbh 2025 is a reflection of India’s rich traditions and aspirations for a tech-driven future. Continue reading “Ola offers digital, green mobility experience for visitors at Maha Kumbh”
Source : PTI | India has the advantage of achieving carbon neutrality through bioethanol and renewable energy-based electrification but the government needs to create a mechanism to make prices of bioethanol fuel more affordable to make it economically viable for users, Honda Motor Co Ltd Chief Engineer Hiroya Ueda said on Tuesday. Speaking at auto industry body SIAM’s 3rd International Symposium for Thriving Eco-Energy in Mobility event, Ueda said ethanol has an edge over existing fuels in terms of cutting carbon emissions but the running cost is higher due to low fuel efficiency. Continue reading “Need govt policy to make bioethanol fuels price more affordable for wider adoption in India: Honda”
Source : PTI | New Delhi: Auto component maker ZF on Tuesday said it has introduced a digital fleet management platform, SCALAR, in the Indian market. Designed to address diverse customer needs, the platform offers features to optimise the operations of commercial fleets, enhancing efficiency, safety, and sustainability for both passenger and cargo transport.
“By introducing SCALAR in India, we are delivering the industry’s first comprehensive fleet orchestration solution tailored to the unique and diverse requirements of the Indian market,” ZF Commercial Vehicles Control Systems India MD P Kaniappan said in a statement.
Continue reading “ZF introduces digital fleet management platform in India”
Summary
New Delhi, January 21, 2025: Maruti Suzuki India Limited (MSIL), the country’s leading passenger vehicle manufacturer, today announced Bollywood Gen Z Superstar Kartik Aaryan as the brand ambassador for the Brezza and launched an exciting new campaign, “More Power to Your Play.” The campaign perfectly encapsulates how the Brezza acts as an extension of its owner’s personality. Just like the Brezza, those who drive it are sophisticated, fashionable, capable and playful individuals who use their power to make the most of life. Continue reading “Maruti Suzuki launches the all-new “More Power to Your Play” campaign for Brezza with brand ambassador Kartik Aaryan”
Source : PTI | Tata Motors will start operating trucks powered by hydrogen internal combustion engines on a pilot basis in the March quarter, according to a senior company official. Under the pilot project, part of the National Green Hydrogen Mission, the company along with IOCL will run the trucks on three routes for 18 months.
At the Bharat Mobility Global Expo 2025, Tata Motors, last week, unveiled the truck powered by a hydrogen internal combustion engine. Continue reading “Tata Motors to start pilot project with hydrogen internal combustion engine trucks in March quarter”
Source : PTI | China’s electric vehicle major BYD is keen to have manufacturing operations in India as soon as ‘all factors’ suggest a ‘go ahead’ and the plan is under constant evaluation, according to a top official of the company’s Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the ‘pragmatic’ Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI.
Continue reading “Keen to have manufacturing in India, visa issue not affecting operations: BYD”
Source : PTI | Union Environment Minister Bhupender Yadav said on Monday that electric vehicles should make up 50 per cent of all vehicle sales by 2030 to ensure the automotive sector stays on track to achieve the 2070 net zero emission target. Addressing the 3rd International Conference on Sustainable Circularity organized by the Society of Indian Automobile Manufacturers (SIAM), Yadav also said India now sells more cars annually than the population of some countries but this achievement comes with a responsibility to keep the air clean and the environment healthy. Continue reading “EV sales must reach 50 pc by 2030 to achieve net zero goal: Bhupender Yadav”
Source : PTI | Tata Motors will continue to invest around INR 2,000 crore annually on the development of new commercial vehicles and capital equipment as the company works on a gamut of technologies to drive towards sustainable mobility, according to its Executive Director Girish Wagh. The company’s commercial vehicle (CV) division is working on a variety of technologies ranging from alternate fuel to zero emission battery electric, fuel cell electric and hydrogen ICE.
Source : PTI | In a significant order, the Supreme Court on Monday directed 23 states and seven union territories to file compliance reports indicating implementation of the Motor Vehicle law’s recent provisions besides rules on electronic monitoring and road safety measures. Continue reading “SC directs 23 states, 7 UTs to file compliance reports on Motor Act”
Source : PTI | The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. Continue reading “Entry of more players to help break barriers, accelerate adoption of EVs”
(Reuters) – Canoo said on Friday it would file for Chapter 7 bankruptcy and cease operations, effective immediately.
The EV startup has been dealing with rapid cash burn and has struggled to raise additional funding amid uncertain demand for its microbus-inspired cargo vans. Continue reading “EV startup Canoo files for bankruptcy, to cease operations”
Summary
BEIJING, (Reuters) – Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term. Continue reading “China both hopeful and on edge as Trump returns to White House”
(Reuters) – Electric Vehicle charging point provider Pod Point Group warned of lower-than-expected results this year and cut its 2024 revenue forecast on Monday, due to weaker EV demand.
Britain faces a dual challenge of striving to reduce emissions while grappling with slower-than-anticipated adoption of EVs, driven partly by concerns over limited charging infrastructure and high costs. Continue reading “UK’s Pod Point Group warns of 2024 revenue miss on weak EV demand”
(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it is expanding and upgrading a probe into about 295,125 American Honda vehicles over reports of crashes and injuries due to their automatic emergency braking systems.
According to the reports, the automatic emergency braking system in these vehicles was triggering inadvertently, which increases the risk of a collision due to the rapid deceleration. Continue reading “US upgrades probe into emergency braking issues in certain Honda vehicles”
JAKARTA, (Reuters) – China’s top electric vehicle maker BYD aims to complete its $1 billion plant in Indonesia at the end of 2025, the head of its local unit said on Monday, underscoring the firm’s ambition to dominate in the market where Japanese automakers are popular.
The long-term plan for the plant is for the export market, said Eagle Zhao, BYD’s president director in Indonesia. Continue reading “China’s BYD to complete $1 billion Indonesia plant by year-end, executive says”
(Reuters) – The U.S. National Highway Traffic Safety Administration said on Monday it is upgrading a probe into 129,222 Ford Motor vehicles over reports of collisions involving the company’s hands-free driving technology, BlueCruise.
The NHTSA opened the investigation after receiving notices of two fatal collisions last April, involving BlueCruise-equipped Ford Mustang Mach-E vehicles. Continue reading “US upgrades probe into 129,000 Ford vehicles over hands-free tech”
TOKYO/SEOUL, (Reuters) – Shares of Japanese automakers and South Korean battery makers declined on Tuesday, after U.S. President Donald Trump said he could impose tariffs on Canada and Mexico soon and revoked the previous administration’s executive order on electric vehicles.
But Chinese manufacturers bucked the trend, with stocks opening higher after Trump did not target China in his inauguration speech or immediately impose tariffs on Beijing as previously promised. Continue reading “Some Asian car and battery makers hit as Trump gets to work”
Summary
BEIJING, Jan 20 (Reuters) – Chinese officials and ordinary people are hopeful but on edge as Donald Trump returns to the White House, eager to avoid a repeat of the bruising trade war that drove a wedge between the economic superpowers during his first term. Continue reading “China both hopeful and on edge as Trump returns to White House”
The entry of more players in the EV segment will help in breaking barriers and accelerate adoption of electric mobility in the Indian market, according to leading automobile manufacturers. More product introductions will help in catering to diverse customer needs with competition leading to expansion of the market, they noted. Continue reading “Entry of more players to help break barriers, accelerate adoption of EVs: Auto industry captains”
NEW DELHI: Japanese auto major Toyota will launch electric vehicles in India, as part of its multi-technology approach towards combating carbon emission in the country, which EVs alone cannot tackle, according to top officials of the company’s Indian arm. The company feels that under the current circumstances, strong hybrid is the most practical solution supplemented by other technologies, including electric, flex fuel, electrified flex fuel, and plug-in hybrid in India, Toyota Kirloskar Motor & Lexus India, Deputy Managing Director – Sales-Service-Used Car, Tadashi Asazuma told PTI.
Continue reading “EVs on anvil for India, part of multi-tech approach to combat emission: Toyota”
India’s automobile industry will be number one in the world in the next five years, Union Minister said on Saturday, highlighting that the industry has created 4.5 crore jobs till now, the highest in the country. Addressing a Federation of Automobile Dealers Association (FADA) event, the road transport and highways minister further said demand of Indian automobile products is very high globally. Continue reading “India’s automobile industry will be number one in world in next 5 years: Nitin Gadkari”
New Delhi: A long-term perspective on tax structure for different automotive technologies in India would aid the industry in product development which takes a lot of time and investment, according to Skoda Auto India Volkswagen MD and CEO Piyush Arora. Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) oversees the India operations of five Volkswagen Group brands – Skoda, Volkswagen, Audi, Porsche and Lamborghini. Continue reading “Skoda Auto India Long-term perspective on tax structure for auto technologies to aid product development”
