Source : PTI | The Maharashtra cabinet on Tuesday approved Electric Vehicle Policy 2025 as per which certain electric vehicles plying on highways will be given a toll waiver, and subsidies on purchase of such vehicles to boost their use to help bring down air pollution. The policy was approved in the state cabinet meeting chaired by Chief Minister Devendra Fadnavis. A statement said the policy will be valid till 2030 and Rs 1,993 crore will be earmarked for the sector.

“The state government has approved a new Electric Vehicle (EV) policy, under which passenger EVs will be given subsidies. EV manufacturing and their use should increase in the state,” Fadnavis said after the meeting. Continue reading “Subsidy, toll waiver: Maharashtra govt seeks to boost electric mobility under new EV Policy”

Source : PTI | New Delhi: Shares of crisis-hit Gensol Engineering continued to slide on Wednesday, declining 5 per cent, to hit another lower circuit limit. The stock tumbled 4.99 per cent to Rs 78.10 — its lowest trading permissible limit for the day as also a 52-week low — on the BSE.

Shares of the firm slumped 5 per cent to hit the lower circuit as well as a 52-week low level of Rs 77.29 at the NSE. Continue reading “Gensol Engineering shares hit fresh lower circuit limit; down for 15th straight day”

Source : PTI | Battery-swapping solutions provider Indofast Energy on Wednesday said it will deploy 20,000 electric bikes across key tier I/II cities in the next 24 months in collaboration with EVeez for last-mile delivery. The cities include Chennai, Mumbai, Pune, Jaipur, Lucknow, and Vijayawada, a company statement said.

Indofast Energy and EVeez have been working together to accelerate EV adoption in the last-mile delivery space, and this expansion marks a significant step toward making electric mobility more accessible and efficient for gig workers, it said. Continue reading “Indofast Energy partners EVeez to deploy 20,000 electric bikes”

(Reuters) – Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.

Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will prepare for high volume production over the next few quarters. Continue reading “Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025”

Summary

• Volvo to cut costs by 18 billion crowns, restructure US operations
• Withdraws financial guidance for 2025 and 2026
• First-quarter profit drops 60% to 1.9 billion crowns
• Shares fall 10%
• New CEO Samuelsson plans to leverage Geely for cost synergies

STOCKHOLM, (Reuters) – Volvo Cars announced 18 billion Swedish crowns ($1.87 billion) in cost cuts and a restructuring of its U.S. operations on Tuesday and withdrew its earnings forecast for the next two years, sending shares down 10%. Continue reading “Trump tariffs force Volvo Cars to drop guidance, launch cost cuts”

WASHINGTON, (Reuters) – GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday.

The Detroit automaker is recalling 2021 through 2024 model-year Cadillac Escalade and Escalade ESV, Chevrolet Silverado 1500, Suburban, and Tahoe, GMC Sierra 1500, Yukon, and Yukon XL vehicles with 6.2L V8 gas engines. Continue reading “GM recalling 721,000 vehicles over engine issue”

Summary

• Trump administration touts deal to aid US auto manufacturers
• Duties to be cut on foreign parts, but not those from China
• Auto makers would receive credits on value of vehicles assembled in US
• Auto companies had appealed to Trump for tariff relief

WASHINGTON, (Reuters) – U.S. President Donald Trump on Tuesday will soften the blow of his auto tariffs through an executive order mixing credits with relief from other levies on parts and materials, after automakers pressed their case with the administration. Continue reading “Trump set to soften auto tariffs after industry pushback”

DUESSELDORF, Germany, (Reuters) – DHL Express, a division of Germany’s Deutsche Post will resume global business-to-consumer shipments worth over $800 to individuals in the United States after a “constructive dialogue” with U.S. authorities, DHL said on Monday.

DHL blamed the halt it implemented on April 21 on new U.S. customs rules which require formal entry processing on all shipments worth over $800. The minimum had been $2,500 until a change on April 5. Continue reading “DHL resumes global shipments of over $800 to US consumers”

Summary

• Q1 profit margin falls to 8.6% from 14.2%
• Porsche slashes margin target to 6.5-8.5% range
• Sales now expected to reach 37-38 billion euros
• Porsche to release Q1 results later on Tuesday
• Shares down 6% in early Frankfurt trade

FRANKFURT, (Reuters) – Porsche’s margins plunged in the first quarter, it said on Tuesday, forcing the sportscar maker to cut its 2025 outlook in the wake of weakness in China, its main market, rising supply chain costs and U.S. tariffs that are disrupting the global car industry. Continue reading “Porsche cuts outlook as US tariffs, China weakness hit in Q1”

(Reuters) – Tesla in an update on Semi, said that the first units of the electric trucks will be on the production line by the end of 2025 at its Nevada gigafactory campus.

Dan Priestley, who leads the Semi program at Tesla, said in a video posted to YouTube on Monday, that the factory has an annual capacity of 50,000 units, adding that the company will prepare for high volume production over the next few quarters. Continue reading “Tesla’s Semi factory in Nevada to have first trucks in production by end of 2025”

WASHINGTON, (Reuters) – CEOs and senior executives from Nvidia, Johnson & Johnson, Hyundai Motor, Toyota Motor, and SoftBank Group are among the more than two-dozen business leaders slated to visit the White House on Wednesday for an event highlighting U.S. investments, officials told Reuters.

President Donald Trump plans to promote a broad range of investments in the United States in defense, tech, healthcare and consumer products industries and investment funds marking his first 100 days in office at an “Investing in America” event, a White House official told Reuters. Continue reading “Trump to tout US investments from Nvidia, J&J, Hyundai, Toyota”

Summary

• Lutnick touts “deal” to help domestic manufacturers
• Duties on foreign parts to be reduced
• Auto companies appealed to Trump

WASHINGTON, (Reuters) – President Donald Trump’s administration will move to reduce the impact of his automotive tariffs on Tuesday by alleviating some duties imposed on foreign parts in domestically manufactured cars and keeping tariffs on cars made abroad from piling on top of other ones, officials said. Continue reading “Trump to reduce impact of auto tariffs, commerce secretary says”

Source : PTI | The biogas sector has received investment commitments of more than Rs 200 crore at renewable energy exhibition RenewX 2025, industry body Indian Biogas Association (IBA) said on Sunday. The three-day expo was held at the Chennai Trade Centre, Nandambakkam from April 23 to 25. The event, organised by Informa Markets, saw investment commitments of Rs 200 crore through various MoUs (memorandum of understandings) in the biogas industry, IBA sid in a statement.

RenewX brought together stakeholders from across the bioenergy, solar, wind, energy storage, and management sectors, offering a platform for strategic collaborations and progressive discussions. Continue reading “Biogas sector gets Rs 200 cr investment commitments at RenewX 2025: IBA”

Source : PTI | Tata Motors on Monday said its board will later this week consider a proposal to raise up to ₹500 crore through the issue of securities on a private placement basis.

A meeting of the duly constituted Committee of the Board of Directors of the Company is scheduled to be held on May 2 to consider and approve the issuance of rated, listed, unsecured, redeemable, non-convertible debentures on a private placement basis aggregating up to ₹500 crore, the automaker said in a regulatory filing. Continue reading “Tata Motors board to consider raising ₹500 crore via securities this week”

(Reuters) – The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.

California currently allows self-driving light-duty passenger vehicles for testing on public roads but not heavy-duty vehicles weighing more than 10,001 pounds, which manufacturers are testing in states like Texas, Arizona, and Arkansas. Continue reading “California proposes to allow self-driving heavy-duty truck testing”

Summary

• Q1 net profit jumps 100.4% to 9.2 billion yuan
• Company had estimated profit of 8.5-10 billion yuan
• BYD has launched a price war for smart EVs

BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”

TOKYO, (Reuters) – Nissan Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.

The decision comes after the operation rate at the 300,000 vehicle capacity plant, which produces the Ariya electric vehicle and X-Trail SUV, fell off amid stiff competition from Chinese automakers, the Yomiuri newspaper reported earlier. Continue reading “Nissan wants to end vehicle production at Wuhan plant, sources say”

Summary

• U.S. ally Japan seen as front runner to clinch deal
• Second round of talks scheduled for next week
• Rice imports and auto tariffs among thorny items
• Japanese lawmakers wary of blowback as election looms

TOKYO/WASHINGTON, (Reuters) – When Tokyo’s top trade negotiator met U.S. President Donald Trump for tariff talks at the White House earlier this month, he presented him with a gold-coloured piggy bank. Continue reading “Japan is a test case for Trump’s tariff deals. But talks may be tortuous.”

Summary

• Toyota Industries shares set for biggest daily jump on record
• Co denies receiving buyout offer from Toyota chairman or group
• Co makes RAV4 SUVs for Toyota, forklifts

TOKYO, (Reuters) – Shares of Toyota Industries were set for their biggest daily jump on record on Monday after Japanese automaker Toyota said it was considering a potential buyout of the key parts supplier, which has a market value of 4 trillion yen ($28 billion). Continue reading “Toyota Industries shares set to surge on potential buyout by Toyota Motor”

TOKYO, (Reuters) – Toyota Motor said it is exploring the possibility of investing in a potential buyout of key parts supplier Toyota Industries – a buyout that reportedly could cost $42 billion.

“We are currently exploring various possibilities, including partial investment,” the automaker said in a filing with the Tokyo stock exchange on Saturday following reports about the possible buyout. Continue reading “Toyota considers investing in potential $42 billion buyout of key supplier”

Source : PTI | Road safety experts on Friday emphasised the need for dedicated lanes for two-wheelers and stricter enforcement of traffic laws to enhance rider safety and reduce accidents. Addressing an event here, Institute of Road Traffic Education (IRTE) President Rohit Baluja said electric two-wheelers are about 44 per cent of the total two-wheelers in the country.

“What needs to be done is have dedicated driving lanes for them, this will help in rider safety and avoid crashes as they are the most vulnerable road users along with pedestrians,” he said. Continue reading “Experts call for dedicated two-wheeler lanes, stricter traffic law enforcement”

Source : PTI | A complete shift from older vehicles to electric vehicles in 44 Indian cities with a population of at least 10 lakh could avoid 11.5 tonnes of PM2.5 emissions every day by 2035 and reduce greenhouse gas emissions by 61 million tonnes of carbon dioxide equivalent, according to a new study. The study, published by The Energy and Resources Institute (TERI), said it would also save more than 51 billion litres of petrol and diesel and reduce India’s oil import bill by an estimated ₹9.17 lakh crore ($106.6 billion) by 2035.

The authors said the number of older vehicles in these cities could grow from 4.9 million (49 lakh) in 2024 to 7.5 million (75 lakh) by 2030. Continue reading “EV switch in 44 cities can slash 61 million tonnes CO2: TERI”

Source : PTI | Chief minister Devendra Fadnavis on Friday directed the administration to set up a Unified Metropolitan Transport Authority (UMTA) to oversee integrated development of various modes of transport in cities to ensure ‘ease of living’ for citizens.

At present, transport services are operational in different metro cities through municipal corporations, state transport corporations, railways and metro rail authorities, he said. Continue reading “Maha govt to set up Unified Metropolitan Transport Authority”

Source : PTI | India consumer and EV story remains unchallenged even amid the ongoing tariff war, electric two wheeler maker Ather Energy said on Wednesday as it fixed a price band of Rs 304 to Rs 321 apiece for its Rs 2,981-crore IPO that is set to be opened for public subscription from April 28 to April 30. Of this, the offer for sale portion comprises nearly Rs 355-crore, the company said.

Ather Energy also said it remains bullish on its scooter portfolios in the coming few years and that distribution expansion will drive a lot of growth in the near-term for the company.

Continue reading “India consumer, EV story remains unchallenged, says IPO-bound Ather Energy”

Summary

• Comments come as Tesla plans robotaxi rollout in US this year
• Tesla cars cost about a fifth of Waymo, says Musk
• Waymo only US firm that runs uncrewed robotaxis and collects fares

SAN FRANCISCO, (Reuters) – Alphabet’s Waymo self-driving taxis may be available for people to own in the future, CEO Sundar Pichai said on Thursday, just as electric vehicle maker Tesla gears up to roll out robotaxis this year in the United States. Continue reading “Alphabet says Waymo may offer robotaxis for personal ownership in future”

Summary

• Trump says talks underway, China says not true
• Trump says he has made ‘200 deals’ that would be completed within three to four weeks
• Business groups say China waives tariffs on pharmaceuticals, mulls other exemptions

(Reuters) – U.S. President Donald Trump asserted in an interview published on Friday that tariff negotiations were under way with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth. Continue reading “Conflicting US-China talks statements add to global trade confusion”

Summary

• USTR levying port fees on all foreign-built vehicle carriers
• Fees will hit vessels that support US military, sources say
• Vehicle carrier customers already hit by US auto tariffs

NEW ORLEANS, (Reuters) – Operators of hulking car carriers are seeking relief from the U.S. Trade Representative’s surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters. Continue reading “Vehicle carriers seek relief from broad US port fees”

Summary

• NHTSA revises reporting requirements for self-driving incidents
• DOT secretary says US must beat China in autonomous vehicle race
• NHTSA will allow automakers exemptions from some safety rules

WASHINGTON, (Reuters) – The Trump administration announcement that it aims to speed deployment of self-driving vehicles by exempting some from certain safety requirements and easing rules requiring reporting of safety incidents sent Tesla shares up nearly 10% on Friday. Continue reading “US agency eases some self-driving safety rules, sending Tesla stock soaring”

Summary

• China automakers are churning out innovative hybrids alongside EVs
• Sales of plug-in hybrids and ‘extended-range EVs’ with gasoline generators are rising fast
• Foreign automakers including VW are rushing to develop more hybrids to keep pace

SHANGHAI, (Reuters) – Chinese automakers and foreign rivals are launching ever more advanced long-range hybrids to meet rising demand in the world’s largest auto market. Continue reading “Automakers rush to meet surging China demand for long-range hybrids”

Summary

• Q1 net profit jumps 100.4% to 9.2 billion yuan
• Company had estimated profit of 8.5-10 billion yuan
• BYD has launched a price war for smart EVs

BEIJING, (Reuters) – BYD’s first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war. Continue reading “BYD’s quarterly profit surges at fastest pace in nearly two years”

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Source : PTI | Electric two-wheeler firm PURE on Wednesday said it has introduced a battery based 5MWh grid storage product for grid stability and accelarting the integration of renewable energy sources. The PuREPower grid product is expected to find usage across solar and wind projects, large commercial and industrial establishments and across EV fast charging stations on highways.

Addressing a press conference, PURE Founder & MD Nishanth Dongari said the company is set to invest Rs 400 crore in the next 18 – 36 months in energy storage products to expand battery and power electronics production and in-house firmware capabilities, boosting its capacity to 2.5 GWh from the current 250 MWh.

Continue reading “EV firm PURE introduces 5MWh grid storage product; lines up ₹400 cr for capacity expansion”

Continue reading “ID. AURA, ID. ERA and ID. EVO: Volkswagen unveils three concept vehicles in Shanghai”

Summary

• Cooperation on shipbuilding, energy and defence costs potentially on agenda
• Talks seen as ‘opening salvo’, may extend over longer time frame, analyst says
• Political crisis complicates Seoul’s negotiation commitments

SEOUL, (Reuters) – A South Korean delegation will meet U.S. counterparts on Thursday for an opening round of trade talks, with cooperation on shipbuilding and energy expected to be on the agenda, and possibly shared defence costs, as Seoul seeks lower tariffs. Continue reading “South Korea to target lower tariffs in opening round of US trade talks”

(Reuters) – Tesla’s new car sales in Europe dropped 28.2% in March from a year earlier, even as overall battery electric vehicle sales rose 23.6% in the month, according to data from the European Automobile Manufacturers Association (ACEA).

Total new car sales in Europe rose 2.8% in the month, boosted by double-digit jumps in Britain and Spain, as EV gains offset a fall for petrol and diesel cars, the data showed. Continue reading “European car sales rise in March, Tesla drops 28.2%”

Summary

• Porsche sales fell 42% in China in the first quarter
• Sharp decline of legendary brand reflects wider China-market problems for all foreign automakers
• Chinese EV makers moving into premium segments after dominating low-cost EVs

SHANGHAI, (Reuters) – Foreign automakers in China face an increasingly urgent challenge at this year’s Shanghai auto show – winning back Chinese buyers while their domestic rivals churn out slick, affordable electric vehicles at a relentless pace. Continue reading “Even Porsche can’t find its lane in China as foreign automaker sales skid”