Summary

• Tariffs could cost automakers $110 million daily, $40 billion annually, analysts say
• Suppliers adding ‘tariff fee’ to invoices, potentially affecting automakers and consumers
• GM’s production heavily reliant on Mexico, Canada; shifting entirely to US challenging

(Reuters) – Donald Trump is keeping some of the world’s biggest automakers guessing whether the U.S. president will follow through on threats to slap their vehicles and supply chains with import taxes that could cause hefty vehicle-price spikes for U.S. consumers. Continue reading “Trump tariff drama carries high stakes for US automakers, car buyers”

Summary

• US is top market by sales for Nissan, Honda and Toyota
• Nissan sources more US sales from Mexico than Honda, Toyota
• Tariff threat complicates Nissan-Honda merger plans

TOKYO, (Reuters) – One of the biggest casualties of Donald Trump’s potential tariffs on Mexico and Canada is likely to be the Japanese automaker that can least afford the pain: Nissan.

While it’s unclear whether the U.S. President will follow through with his promised 25% levies after agreeing to a 30-day pause on Monday, the blowback would be profound for Japan’s No.3 carmaker, which is struggling to turn itself around and is in talks to merge with Honda. Continue reading “Trump tariffs will only add to the pain for hard-hit Nissan”

Summary

• India’s biggest import tax demand rattles Volkswagen
• Notice puts in peril $1.5 billion investment, company says
• Volkswagen India cites Amazon shopping example to defend case
• Automaker argues all taxes were paid in line with rules

NEW DELHI, (Reuters) – Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of $1.4 billion, arguing the ask is contradictory to New Delhi’s import taxation rules for car parts and will hamper the company’s business plans, court papers show. Continue reading “Exclusive: Volkswagen sues India to quash ‘enormous’ $1.4 billion tax demand, legal filing shows”

(Reuters) – Shares in some of the biggest European carmakers plunged on Monday after U.S. President Donald Trump imposed 25% tariffs on goods from Mexico and Canada and 10% on imports from China, raising concern over possible duties on EU imports.

Stellantis and Volkswagen, which have major operations in Mexico and are particularly vulnerable to tariffs, were down 6.8% and 5.6% respectively. Continue reading “European carmaker shares fall after Trump imposes tariffs”

Summary

• Merges software and engineering activities
• Gives greater powers to regional heads
• Antonio Filosa adds global role on quality
• Appoints new head of Peugeot brand
• Search for new CEO “well under way”

MILAN, (Reuters) – Stellantis announced management changes on Monday as part of a shake-up at the world’s fourth-largest automaker launched after the shock exit CEO Carlos Tavares in December. Continue reading “Stellantis shakes up management, structure, as CEO search continues”

Summary

• Asian car makers hit by US tariffs on Mexico, Canada, China
• Japanese, South Korean automakers face export challenges due to tariffs
• Mexico, Canada plan retaliatory tariffs; impact on global growth expected

(Reuters) – Shares of Japanese and South Korean car makers and their suppliers led declines in Asia on Monday, as exporters across the region were walloped by U.S. President Donald Trump’s introduction of sweeping tariffs on Mexico, Canada and China. Continue reading “Asia automakers lead the decline as region takes a beating from Trump tariffs”

Source : PTI | New Delhi: Ola Electric on Friday said it has reclaimed market leadership in the electric two-wheelers segment with 22,656 registrations recorded in January. On the back of the strong S1 portfolio and the recently expanded sales and service network to 4,000 stores across India, the company witnessed a 65 % growth month-on-month and improved its market share to 25 % this month, the Bengaluru-based firm said in a statement.

The company on Friday launched eight scooter models under the S1 brand, developed on its Gen 3 platform, priced between INR 79,999 and INR 1,69,999.

Continue reading “Ola Electric corners 25% mkt share in Jan, reclaims top spot in EV 2-wheelers”

Source : PTI | Mahindra & Mahindra Ltd on Saturday reported a 16% growth in total sales at 85,432 units in January 2025. Passenger vehicle sales grew 18% to 50,659 units against 43,068 units in the same month last year, M&M said in a statement.

The domestic sales for commercial vehicles stood at 23,917 units, it added. Continue reading “Mahindra sales up 16% at 85,432 units in January”

Source : PTI | Tata Motors on Saturday said its total vehicle dispatches declined 7% year-on-year to 80,304 units in January. The auto major dispatched 86,125 units in January 2024.

Total domestic sales declined 7% year-on-year to 78,159 units last month, as compared to 84,276 units in the year-ago period, Tata Motors said in a statement. Continue reading “Tata Motors vehicle dispatches dip 7% in January”

Source : PTI | Toyota Kirloskar Motor on Saturday said its sales increased by 19% year-on-year to 29,371 units in January. The company had dispatched 24,609 units in the same month last year.

The company sold 26,178 units in the domestic market and exported 3,193 units last month. Continue reading “Toyota sales rise 19% in January at 29,371 units”

Source : PTI | India is emerging as one of the major global export hubs for Japanese auto major Nissan, with the company beginning to ship the left-hand drive version of its compact SUV Magnite to new countries, according to a senior company official. The company, which has commenced shipping 10,000 units of the left-hand drive (LHD) Magnite across various global markets, is considering the introduction of hybrid and CNG vehicles and more models in India, in addition to its already announced lineup for the country, Nissan India Operations President Frank Torres told PTI in an interview.

He also said the global development regarding Nissan and Honda exploring a possible merger would not affect the company’s announced plans for new products, including two mid-size SUV models (one five-seater and one seven-seater) and one electric SUV, and the target of tripling its domestic and export volumes to 1 lakh each per annum by the end of FY26 in India.

Continue reading “India emerges as a global export hub, shipments expand to 65 countries: Nissan”

Source : PTI | Industry experts hailed steps for boosting clean energy like nuclear mission, incentives for critical minerals and renewable equipment in the Budget presented on Saturday by Union Finance Minister Nirmala Sitharman. Sitharaman announced a INR 20,000-crore nuclear mission and duty exemptions for crucial minerals and capital goods for electric vehicles to step up energy transition.

Rajat Verma, Founder & CEO, LOHUM said, “The 2025 budget marks a watershed moment in India’s journey toward clean energy sovereignty and circular economy leadership. The government’s strategic vision for domestic manufacturing and critical minerals recycling demonstrates remarkable foresight in securing our sustainable future.” Continue reading “Budget marks watershed moment in India’s journey toward clean energy, say experts”

TOKYO, (Reuters) – Toyota Motor sold 10.8 million vehicles in 2024, it said on Thursday, remaining the world’s top-selling automaker for a fifth straight year.

The Japanese automaker posted a 3.7% drop in global group unit sales last year, including those of compact car maker Daihatsu and truck unit Hino Motors. Continue reading “Toyota sells 10.8 million vehicles in 2024 to remain world’s top-selling automaker”

(Reuters) – Autonomous technology startup Avride said on Thursday it has partnered with food delivery company Grubhub to deploy its robots on college campuses across the United States.

Companies and colleges began testing sidewalk delivery robots after the pandemic started, aiming to address labor shortages, cut costs, and reduce dependence on cars for deliveries. Continue reading “Autonomous technology startup Avride partners with Grubhub to roll out food delivery robots”

(Reuters) – Northvolt’s co-founder Paolo Cerruti will step down from his role as chief executive officer of its North American division, the Swedish electric-vehicle battery maker said on Thursday.

Karen Chang — who has played a key role in the Quebec, Canada-based battery gigafactory, Six project — will serve as interim CEO in the transition period. Continue reading “Northvolt’s co-founder, CEO of North American division, Cerruti steps down”

Summary

• Thai EV sales could jump 40% in 2025
• Production and subsidy conditions pushing EV sales – association president
• New supply and limited demand could intensify price war, analysts say

BANGKOK, – Thailand is bracing for an extended EV price war triggered by a surge in local production from Chinese car makers, a move likely to deal a further blow to a domestic auto industry already struggling with tumbling sales, industry experts said. Continue reading “Thai EV output set to jump, sparking a price war in a bruised market”

TOKYO, (Reuters) – Japan’s Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

Nissan will offer the separation packages to workers at its vehicle assembly plants in Smyrna, Tennessee, and Canton, Mississippi, and an engine plant in Decherd, Tennessee. Continue reading “Nissan cuts shifts, offers employee buyouts at 3 US plants in bid to shed jobs”

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JSW MG Motor India, in collaboration with LICO Materials, a division of Epsilon Group, has launched an advanced Battery Energy Storage System (BESS) as part of its sustainability initiative, ‘Project Revive.’

Offering four times the lifespan of conventional solutions and reducing operational costs by up to 60%, the BESS marks a significant step toward clean energy adoption in India. Continue reading “JSW MG Motor India, LICO Materials Unveil Advanced Battery Energy Storage System”

(Reuters) – U.S. President Donald Trump has pledged to place 25% tariffs on imports from Mexico and Canada from Feb. 1 if the two countries are not judged to be doing enough to stop the flow of fentanyl into the United States.

Around 90% of auto exports from both Mexico and Canada go to the U.S., according to the Mexican Automotive Manufacturers’ Association (AMIA) and the Canadian Vehicle Manufacturers’ Association. Continue reading “Global car industry in firing line of Trump’s tariff threats vs Mexico, Canada”

Summary

• Dowlais valued at 85.2 pence per share, 25% premium
• Dowlais shares up 4.6%
• AAM shareholders to hold 51% of combined entity
• Dowlais shareholders to own about 49% of new entity

(Reuters) – Detroit-based American Axle and Manufacturing will buy GKN Automotive owner Dowlais in a cash-and-stock deal, valuing the London-listed firm at about 1.16 billion pounds ($1.44 billion), the companies said on Wednesday. Continue reading “American Axle to buy GKN automotive owner Dowlais in $1.4 billion deal”

TOKYO, (Reuters) – Japan’s Nissan Motor is offering buyouts to workers and cutting back shifts at three U.S. factories, a company spokesperson said on Thursday, as the automaker pushes to slash $2.6 billion in costs globally.

Nissan will offer the separation packages to workers at its vehicle assembly plants in Smyrna, Tennessee, and Canton, Mississippi, and an engine plant in Decherd, Tennessee. Continue reading “Nissan cuts shifts, offers employee buyouts at 3 US plants in bid to shed jobs”

Summary

• Volvo Cars fully take over battery joint venture from Northvolt after contract breach
• Decline to disclose price of sale
• Northvolt attempting to divest most of joint venture businesses to avoid full collapse
• Northvolt explores potential North American supply opportunities with Volvo Cars

STOCKHOLM, (Reuters) – Swedish electric-vehicle battery maker Northvolt agreed with Volvo Cars on Wednesday to sell its stake in their joint battery venture Novo Energy for an undisclosed sum and explore potential collaborations in North America. Continue reading “Northvolt sells stake in battery unit to Volvo, to explore North American deals”

(Reuters) – Honda will recall 294,612 vehicles in the U.S. to fix an issue that may cause engines to stall or suffer a loss of power, the National Highway Traffic Safety Administration said on Wednesday.

The recall affects certain 2022-2025 Acura MDX Type-S, 2023-2025 Honda Pilot, and 2021-2025 Acura TLX Type-S vehicles. Continue reading “Honda to recall over 290,000 US vehicles on engine issue, NHTSA says”

PARIS, (Reuters) – Renault executives travelled to Japan this week to meet counterparts at Nissan in an effort to maximise the value of the French automaker’s stake in the Japanese firm ahead of its merger with Honda, a source close to the matter told Reuters.

Nissan and Honda said late last year they would begin formal talks on a merger that could potentially create the world’s third-largest auto group with annual output of 7.4 million vehicles. Continue reading “Renault seeking to maximize value of Nissan shares in Honda merger, says source”

(Reuters) – Alphabet’s self-driving unit Waymo announced on Wednesday it plans to expand testing of its autonomous driving technology in over 10 new cities in 2025.

After testing the Waymo Driver in multiple cities, the company says the technology is adapting successfully to new environments, leading to the expansion. Continue reading “Alphabet’s Waymo to test its autonomous driving technology in over 10 new cities”

Summary

• Recommitment to delivering new models in first half seen as positive
• Tesla’s vehicle sales profit margin misses estimates at 13.6% in fourth quarter
• Shares rise 4% after hours
• Planning fully autonomous car test in Texas soon

(Reuters) – Tesla said it was on track to roll out new, cheaper electric vehicle models in the first half of 2025 and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations on Wednesday. Continue reading “Tesla commits to cheaper cars in first half, sees autonomous vehicles ‘in the wild’ in June”

Source : PTI | New Delhi: As part of broadening its product portfolio towards clean fuel technologies, Hyundai Motor India Limited (HMIL) is considering options to go beyond ICE (petrol and diesel) and electric powertrains.

This move is critical, as the passenger vehicle industry in India remains divided between adopting a direct electric vehicle (EV) approach or transitioning through hybrids before fully embracing electrification. Japanese OEMs like Maruti Suzuki, Toyota Kirloskar, and Honda Cars are currently selling hybrid models, while most other manufacturers are offering battery electric vehicles (BEVs) in the market. Continue reading “Hyundai to explore alternate fuel technologies for India, says MD Unsoo Kim”

Source : PTI | New Delhi: Legacy OEMs have crept up from behind to outwit and outpace electric-first manufacturers in the electric two wheeler segment this past year, thriving on their wide distribution networks and deep pockets. And if emerging trends from the electric three wheeler (passenger) industry are anything to go by, the same scenario may play out here too. Legacy two wheeler OEM, TVS Motor Company, is the latest entrant in the L5 (electric passenger) three wheeler segment, where old timers Bajaj Auto, Piaggio and Mahindra Last Mile Mobility are already kingmakers. And Bajaj is upping the game further, with the imminent launch of an electric three wheeler variant which has a larger body and thus the capacity to carry more passengers as well as cargo. Bajaj has also announced a new brand for e3w: Bajaj GoGo.

Continue reading “Electric passenger 3Ws: Bajaj readies bigger variant, TVS marks entry as electric-first OEMs struggle”

Source : PTI | With Indian OEMs (Original Equipment Manufacturers) investing in multiple fuel technologies, the underlying goal remains the same: to create a sustainable ecosystem. The transition from Internal Combustion Engine (ICE) vehicles to electric vehicles (EVs), CNG, or other fuel technologies is complex. Hybrid technology can act as a transitional solution, according to an EY-P report.

Hybrid EVs offer a bridge for consumers hesitant to fully transition to EVs due to concerns such as range anxiety, charging infrastructure, and cost. This technology provides better range and convenience than current EVs while emitting fewer pollutants than ICE vehicles. Continue reading “Hybrid technology, a bridge between EVs and ICE”

Source : PTI | Maruti Suzuki India reported a 16% rise in consolidated net profit for the third quarter of 2024, ending December 31. The company’s profit increased to INR 3,727 crore, up from INR 3,207 crore during the same period last year. This growth was accompanied by increased revenue, and the company also announced key leadership decisions.

Maruti Suzuki India’s net profit reached INR 3,727 crore in the third quarter. This represents a significant increase compared to the INR 3,207 crore profit reported in the third quarter of the previous year.

Continue reading “Maruti Suzuki Q3 profit jumps 16% to INR 3,727 crore”

Source : PTI | New Delhi: Tata Motors is keeping a close eye on developments in China and the potential impact of US tariffs, but remains optimistic about growing demand from other regions to mitigate these challenges. The Indian automaker’s luxury arm Jaguar Land Rover (JLR), is placing its bet on increasing sales in the UK, Middle East, India, and other territories, according to the company’s top executive.

The Indian auto industry is facing external challenges due to geopolitical issues and the Red Sea crisis, which has hindered overall growth. However, Tata Motors is anticipating strong performance in FY25 despite these external pressures.

Continue reading “Tata Motors eyes global JLR demand amid caution over China market”

BUENOS AIRES, (Reuters) – Argentina next week will lift import tariffs on some low-cost electric and hybrid vehicles, while cutting taxes on higher-priced cars and motorcycles, the nation’s economy minister said on Tuesday.

Up to 50,000 imports of low-cost EVs and hybrids will be exempt from tariffs a year, Economy Minister Luis Caputo announced on X. Continue reading “Argentina lifts tariffs on low-cost EVs and hybrids, cuts some auto taxes”

(Reuters) – Automotive technology giant CDK Global has agreed to pay $630 million to settle antitrust claims that it caused hundreds of software vendors to overpay for vehicle dealership data by restricting access.

The proposed settlement filed on Monday night in a federal court in Madison, Wisconsin, requires a judge’s approval. Continue reading “Auto tech firm CDK reaches $630 million settlement in US dealer data case”

Summary

• GM posts strong results, better outlook for 2025 than expected
• Shares slump as tariffs become likely
• Automaker has brought inventory in early due to tariff threats
• GM sold 2.7 mln vehicles in 2024

DETROIT, (Reuters) – General Motors earnings exceeded Wall Street’s forecasts on Tuesday, but investors still dumped the stock broadly on fears of tariffs that will make it hard for the automaker to hit its 2025 targets. Continue reading “GM results aren’t enough for investors, shares skid 9% on tariff worries”

Source : PTI | Hyundai Motor India reported a 19% decline in consolidated profit after tax for the third quarter of 2024, ending December 31. The company attributed the decrease to subdued demand and geopolitical factors, resulting in a profit of INR 1,161 crore compared to INR 1,425 crore in the same period last year. Despite the challenges, Hyundai maintains confidence in its business fundamentals and plans to leverage its strengths for future growth, particularly in the electric vehicle (EV) market.

The company’s total revenue also saw a slight decrease, from INR 16,875 crore in the third quarter of 2023 to INR 16,648 crore in the same period of 2024. This decline in margins was primarily attributed to subdued market demand and ongoing global geopolitical influences.

Continue reading “Hyundai Motor India reports 19% decline in Q3 profit amidst subdued demand and geopolitical challenges”

Source : PTI | Japan’s Honda Motor plans to launch a small electric vehicle priced below USD 30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.

The automaker will produce the low-cost model locally, the Nikkei said, adding it will roll it out as part of its upcoming “Honda 0 Series” EV lineup. Continue reading “Japan’s Honda eyes launching sub-USD 30,000 EV in North America”