Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs

Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs

Summary

  • Used Polestar sales up 47% in Q1
  • Financial forecast expected in Q4 earnings report
  • US sales decline to 5.6% of total amid strong competition and economic ​pressures

(Reuters) – Polestar CEO Michael Lohscheller said on Thursday used-car sales were exceeding those of new vehicles, as a jump in gasoline and diesel prices from the war ​in Iran drives customers toward less-expensive EV options.

Used electric vehicles sales in ​Europe have been boosted by the war in Iran, online ⁠car platforms told Reuters last month. Continue reading “Polestar CEO talks up used-car market as higher fuel prices spur shift to cheaper EVs”

Volkswagen group eyeing 5% market share in India before turn of decade: SAVWIPL MD & CEO

Volkswagen group eyeing 5% market share in India before turn of decade: SAVWIPL MD & CEO

Source : PTI | German auto major Volkswagen group is targeting 5 per cent market share in the Indian passenger vehicles market before the turn of the decade with alternative fuel technologies slated to play a key role in achieving the target, a senior company official said on Thursday.

The group, which in 2018 announced its India 2.0 strategy led by group brand Skoda had set a target to achieve 5 per cent market share by 2025 but missed it due to events like the COVID-19 pandemic, currently has about 2.5 per cent share in India.

Continue reading “Volkswagen group eyeing 5% market share in India before turn of decade: SAVWIPL MD & CEO”

Kia delays launch of software-focused cars, unveils big hike to investment plans

Kia delays launch of software-focused cars, unveils big hike to investment plans

Summary

  • First SDV in 2028, will have semi-autonomous driving tech for highways
  • Investment plans for the years to 2029 lifted by 30%
  • Cuts 2030 electric vehicle sales target by 20%

SEOUL, (Reuters) – South Korea’s Kia Corp said on Thursday it had delayed plans ‌to build “software-defined vehicles” by about one year to 2028, and announced a hefty hike in investment plans, underscoring its struggles to catch up with the likes of Tesla.

Shares in the automaker tumbled on the plans announced in an investor presentation, closing down 5.5% compared with a ​1.6% drop for the broader market. Continue reading “Kia delays launch of software-focused cars, unveils big hike to investment plans”

Tesla is developing a new smaller, cheaper EV, sources say

Tesla is developing a new smaller, cheaper EV, sources say

Summary

  • Compact SUV is in early development stage, sources say
  • Car would be shorter than Model Y, and would be built in China, sources say
  • Tesla didn’t respond to Reuters questions about its plans for a new vehicle

(Reuters) – Tesla is developing an all-new smaller, cheaper electric SUV, four people familiar with the matter told Reuters.

The automaker has contacted suppliers in recent weeks to discuss details of the plan for the compact SUV – which would be a new vehicle and not a variant of Tesla’s current Model 3 or ​Y, the people said. The conversations involved the manufacturing process and specifications for various components, they said. Continue reading “Tesla is developing a new smaller, cheaper EV, sources say”

Mercedes Q1 sales down in tough ‘transition year’ for China business

Mercedes Q1 sales down in tough ‘transition year’ for China business

BERLIN, (Reuters) – Mercedes-Benz reported a sales slump at the start of 2026 as the ​tough Chinese market continued to pressure the German ‌premium carmaker during an overhaul of its model lineup to regain lost ground.

First-quarter sales in the company’s core car business fell 6% to ​419,400 vehicles globally from the same period a ​year ago, it said in a statement on ⁠Thursday. Continue reading “Mercedes Q1 sales down in tough ‘transition year’ for China business”

China’s car exports accelerate despite disruption from Mideast crisis

China’s car exports accelerate despite disruption from Mideast crisis

BEIJING, (Reuters) – Car exports, an increasingly important source of growth for China’s hyper-competitive auto sector, picked up ​pace in March despite shipment disruptions from the crisis in ‌the Middle East, one of the industry’s key overseas markets.

Exports grew 73.7% from a year earlier to nearly 700,000 vehicles last month, faster than the 54.1% in the first two months, ​data from the China Passenger Car Association showed on Thursday. Continue reading “China’s car exports accelerate despite disruption from Mideast crisis”

Volkswagen Taigun Facelift Debuts in India: Incremental Evolution or Strategic Reset?

Volkswagen Taigun Facelift Debuts in India: Incremental Evolution or Strategic Reset?

By WAF Think Tank 

The Context: India’s Most Brutal Battleground

The mid-size SUV segment in India is no longer just competitive—it is hyper-competitive. Dominated by players like Hyundai Creta, Kia Seltos, and newer challengers like the Renault Duster (reborn), this segment defines brand relevance in India.

Into this arena steps the refreshed Volkswagen Taigun, a product that has always stood for German engineering, safety, and driving dynamics—now aims for perceived feature richness and mass-market appeal.

The facelift, therefore, is not just cosmetic—it is strategic.

1. Design: Premiumisation with Global DNA

Continue reading “Volkswagen Taigun Facelift Debuts in India: Incremental Evolution or Strategic Reset?”

General Motors recalls over 270,000 cars in US over rearview camera issue

General Motors recalls over 270,000 cars in US over rearview camera issue

(Reuters) – General Motors is recalling 271,770 ​cars in the ‌U.S. over an issue with the ​rearview camera, ​the U.S. National Highway ⁠Traffic Safety ​Administration (NHTSA) said on Wednesday.

Here ​are some details:

  • Recall includes Chevrolet Malibu sedans, NHTSA ​said.
  • The rearview ​camera screen may display a ‌distorted ⁠or blank image, reducing the driver’s view behind ​the ​vehicle, ⁠according to the NHTSA.
  • The agency ​said that ​dealers ⁠will inspect and replace the ⁠rearview ​camera.

Continue reading “General Motors recalls over 270,000 cars in US over rearview camera issue”

Chinese electric truck maker Windrose makes first US delivery

Chinese electric truck maker Windrose makes first US delivery

BEIJING, (Reuters) – Chinese electric truck startup Windrose said ​it had made the ‌first delivery of its long‑haul electric heavy truck in ​the United States, marking ​a key step in ⁠its global expansion.

The vehicle, ​priced at $285,000, was handed ​over to Texas logistics firm Allogic and charging partner Greenspace through ​Windrose’s American partner ​on April 1, the company said ‌in ⁠a statement on April 3. Continue reading “Chinese electric truck maker Windrose makes first US delivery”

Stellantis in advanced talks to develop Opel EV with China’s Leapmotor, sources say

Stellantis in advanced talks to develop Opel EV with China’s Leapmotor, sources say

Summary

  • Opel-branded electric SUV to be made in Spain, sources say
  • Production expected to start in 2028, targeting 50,000 vehicles a year
  • Deal would help Stellantis cut the cost and time to develop new EV model

SHANGHAI/MILAN, (Reuters) – Stellantis is in advanced talks with Leapmotor to jointly develop an Opel-branded electric SUV that ​would use the Chinese automaker’s technology and be produced at Stellantis’ Zaragoza plant in Spain, three sources told Reuters.

The deal, if finalised, ‌would help Stellantis cut the cost and time to develop a new EV model, as the French-Italian automaker shifts focus to petrol-electric hybrid cars. Earlier this year it announced a $25 billion writedown related to scaling back its EV plans. Continue reading “Stellantis in advanced talks to develop Opel EV with China’s Leapmotor, sources say”

US carmakers say proposed EU rules could block large pickup trucks from Europe

US carmakers say proposed EU rules could block large pickup trucks from Europe

WASHINGTON, (Reuters) – U.S. carmakers say rules under consideration by Brussels could ​keep full-size pickup trucks including the Ford F-150, the Chevy ‌Silverado and the Ram 1500 off European roads, according to a letter seen by Reuters.

Andrew Puzder, the U.S. ambassador to the bloc, told the Financial Times that ​the EU plans to change safety rules that could breach ​the spirit of the trade deal struck in August between the United ⁠States and the EU if they prevented some American vehicles from ​being sold in Europe. Continue reading “US carmakers say proposed EU rules could block large pickup trucks from Europe”

Kia boosts investment plan by 30% over the next four years; shares fall

Kia boosts investment plan by 30% over the next four years; shares fall

SEOUL, (Reuters) – South Korean automaker Kia Corp plans to boost its investment ​plan over the next four years by 30% to boost ‌vehicle electrification, software and other new businesses, according to an investor presentation on Thursday.

The company plans to raise its investments to 41.4 trillion won ($27.95 ​billion) from 2026 to 2029, it said. Continue reading “Kia boosts investment plan by 30% over the next four years; shares fall”

China hikes gasoline, diesel prices for second time in fortnight

China hikes gasoline, diesel prices for second time in fortnight

Source : PTI | China on Tuesday announced an increase in gasoline and diesel prices for the second time in about a fortnight due to rising international oil prices triggered by the ongoing war in West Asia.

China’s top economic planner, the National Development and Reform Commission (NDRC), announced that the new round of price hikes will take effect from Wednesday. Continue reading “China hikes gasoline, diesel prices for second time in fortnight”

Vietnam’s Vingroup to invest $8.5 billion in Maharashtra: Fadnavis

Vietnam’s Vingroup to invest $8.5 billion in Maharashtra: Fadnavis

Source : PTI | Maharashtra Chief Minister Devendra Fadnavis said on Wednesday that Vietnam-based Vingroup has committed to investing $8.5 billion in the state over the next two years in projects, including electric mobility solutions, social and public infrastructure, tourism and entertainment.

The projects have the potential to create nearly 24,700 jobs, he said. Continue reading “Vietnam’s Vingroup to invest $8.5 billion in Maharashtra: Fadnavis”

Auto stocks surge up to 12% after RBI holds rates steady

Auto stocks surge up to 12% after RBI holds rates steady

Source : PTI | Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth.

A sharp rally in the broader equity market also aided buying in these stocks. Continue reading “Auto stocks surge up to 12% after RBI holds rates steady”

No cash at toll plazas from April 10; UPI payments to cost 1.25 times more

No cash at toll plazas from April 10; UPI payments to cost 1.25 times more

Source : PTI | Cash payments at toll plazas will be discontinued for travellers on national highways from April 10, the road transport and highways ministry has said.

In a gazette notification, the ministry has said that in cases where a vehicle enters a fee plaza without a valid FASTag, users can still pay via Unified Payment Interface (UPI), but at a higher charge of 1.25 times the applicable toll fee. Continue reading “No cash at toll plazas from April 10; UPI payments to cost 1.25 times more”

JSW Group, NLC India among 25 companies in pre-bid meet for ₹7,280 cr rare earth magnet scheme: Sources

JSW Group, NLC India among 25 companies in pre-bid meet for ₹7,280 cr rare earth magnet scheme: Sources

Source : PTI | At least 25 companies, including JSW Group and NLC India, participated in a pre-bid conference for the ₹7,280-crore scheme to promote the manufacturing of sintered rare earth permanent magncalled by the heavy industries ministry on Tuesday, sources said.

The government will select maximum of five entities through the bidding process, with each entity setting up facilities of up to 1,200 MTPA, aggregating to a total of up to a maximum capacity of 6,000 MTPA. Continue reading “JSW Group, NLC India among 25 companies in pre-bid meet for ₹7,280 cr rare earth magnet scheme: Sources”

Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes

Summary

  • Fuel price hikes after Iran’s Hormuz blockade drive EV switch
  • EV two-wheelers now account for more than 10% of monthly sales
  • Government EV subsidy scheme draws 7x its applications target
  • Cheap solar power gives Pakistan an edge in affordable charging
  • Chinese brands lead EV push, weak after-sales poses risks

ISLAMABAD/SINGAPORE, (Reuters) – Days after Iran effectively blocked shipping through the Strait of Hormuz following the start of U.S. and ​Israeli attacks in late February, two Pakistani electric motorbikee outlets 1,400 km (875 miles) away found themselves overwhelmed with enquiries.

Haseeb Bhatti, who retrofits petrol-fuelled bikes with battery-powered motors in the northern city of Rawalpindi, ‌said his March sales surged 70%. For Ali Gohar Khan, who owns a 7-year-old electric motorbike retail franchise with branches across Pakistan, the recent surge in sales is the steepest ever. Continue reading “Soaring costs, fuel shortage fears drive Pakistan to electric motorbikes”

Tesla registrations in Germany quadruple in March, KBA says

Tesla registrations in Germany quadruple in March, KBA says

(Reuters) – Tesla’s vehicle registrations in ‌Germany more than quadrupled in March from a year earlier, data from the ​German road traffic agency KBA ​showed on Tuesday.

Newly registered Tesla cars ⁠jumped 315.1% year-on-year to 9,252 ​units in March, the KBA said. ​Registrations in the first quarter rose 160% to 12,829 vehicles. Continue reading “Tesla registrations in Germany quadruple in March, KBA says”

US rejects aluminum tariff relief request from Ford, WSJ reports

US rejects aluminum tariff relief request from Ford, WSJ reports

(Reuters) – The U.S. government has so far rejected requests from Ford Motor and other U.S. ​automakers for relief from aluminum tariffs after fires at ‌a Novelis plant created supply bottlenecks for vehicles, the Wall Street Journal reported on Tuesday.

Last week, Ford petitioned the Trump administration for assistance, asking ​officials for relief from duties at least until Novelis’ aluminum ​rolling plant in Oswego, New York returns to full ⁠service, the report said, citing people with knowledge of the ​conversations. Continue reading “US rejects aluminum tariff relief request from Ford, WSJ reports”

Ford recalls over 420,000 vehicles in US over windshield wiper failure

Ford recalls over 420,000 vehicles in US over windshield wiper failure

(Reuters) – Ford Motor ​is recalling 422,613 vehicles ‌in the U.S. over a failure ​of the windshield ​wiper, the U.S. National ⁠Highway Traffic Safety ​Administration said on ​Tuesday.

Here are some details:

  • Recall includes Lincoln Navigator and Ford ​Expedition SUVs, ​as well as some F-series ‌trucks, ⁠NHTSA said.
  • Windshield wiper arms may break, causing the wipers ​to fail, ​according ⁠to the NHTSA.
  • The agency said ​that dealers ​will ⁠inspect and replace the wiper arms.

Continue reading “Ford recalls over 420,000 vehicles in US over windshield wiper failure”

Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions

Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions

Summary

  • 163 workers said to have been victims of abusive contracts in 2024 scandal
  • Addition to list bars BYD from gaining certain loans from Brazilian banks
  • Addition to list will not affect operation of its Brazilian auto plant

RIO DE JANEIRO, (Reuters) – Brazil has put China’s BYD on a ‌registry of employers who have subjected workers to conditions similar to slavery, after a 2024 scandal in which Chinese workers were said to have been victims of human trafficking and abusive contracts.

The list, published by Brazil’s Labor Ministry, carries further reputational risk ​for the automaker in its biggest market after China. Continue reading “Brazil puts China’s BYD on list of shame for workers’ past slavery-like conditions”

Maruti Suzuki activates a record 502 service touchpoints in FY 2025-26

Maruti Suzuki activates a record 502 service touchpoints in FY 2025-26

New Delhi: Maruti Suzuki India Limited (“Maruti Suzuki”) announced addition of a record 502 new service touchpoints in FY 2025-26. This marks the highest-ever network expansion in a single financial year by the Company. With this, Maruti Suzuki’s total after-sales service network has reached to 5,926 touchpoints, covering 3,000 cities and towns in India.

The Company, dedicated to providing peace of mind to customers in their vehicle ownership journey, has been expanding its after-sales network across metros, small towns, and up-country locations. The newly added service touchpoints comprise a mix of formats including ARENA and NEXA workshops, Maruti Suzuki Sales and Service Points (MSSSP), Service-on-Wheels and Bodyshop-on-wheels. Continue reading “Maruti Suzuki activates a record 502 service touchpoints in FY 2025-26”

Volkswagen teases the new Taigun ahead of its India debut

Volkswagen teases the new Taigun ahead of its India debut

  • Volkswagen India confirms the new Taigun to premier in India on 9th of April
  • The new Taigun is set to thrill customers with a distinct and bold new design
  • The SUV is Volkswagen’s second launch of 2026

Mumbai: Volkswagen India today teased the new Taigun and confirmed its April 2026 debut. Carrying forward the legacy of being one of India’s favourite driver’s SUVs, the new Taigun embodies Volkswagen’s global design with looks that are bold, aspirational and unmistakably dynamic.

Speaking on the announcement, Mr. Nitin Kohli, Brand Director, Volkswagen India said, “The new Taigun represents a powerful evolution of everything that has made this SUV loved by enthusiasts. With bolder, more expressive design, best-in-segment technology, and thrilling performance our customers expect from Volkswagen, the new Taigun will redefine driving dynamism. Engineered locally and crafted with purpose, the new Taigun is built to inspire confidence, capability, and excitement, every single day.” Continue reading “Volkswagen teases the new Taigun ahead of its India debut”

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Summary

  • Hyundai Motor sees Europe, North Africa exports disrupted by Middle East conflict
  • Higher freight costs, raw material sourcing pressures weigh on suppliers
  • Hyundai Motor warns supply chain recovery will take time even if conflict ends

PYEONGTAEK, South Korea, (Reuters) – Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through ‌the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains.

The disruption highlights how the conflict is choking key shipping routes, driving up logistics costs, delaying deliveries and adding pressure on the automaker and its suppliers. Continue reading “Hyundai Motor flags export disruptions as Middle East conflict hits shipping”

India auto dealers say Iran war to hit supplies

India auto dealers say Iran war to hit supplies

(Reuters) – India’s auto dealers on Monday warned of possible supply or dispatch disruptions in the near term as ​the West Asia conflict drove up raw material costs, even as ‌the fiscal year’s total sales hit a record high.

The broader operating environment is clouded by the conflict, the Federation of Automobile Dealers Associations (FADA) said in a statement. Continue reading “India auto dealers say Iran war to hit supplies”

Delhi CM Rekha Gupta launches Air Pollution Mitigation Plan 2025

Delhi CM Rekha Gupta launches Air Pollution Mitigation Plan 2025

Source : PTI | Deployment of 2,300 electric autos at metro stations, installing of mist sprayers at 13 pollution hotspots and audit of PUCC centres every six months — these are some of the features of the Air Pollution Mitigation Plan 2025 launched by Delhi Chief Minister Rekha Gupta on Tuesday.

The chief minister stressed that clean and healthy Delhi is the government’s dream and said air pollution directly affects people’s health. Continue reading “Delhi CM Rekha Gupta launches Air Pollution Mitigation Plan 2025”

Expect Suzuki Motorcycle India to contribute more to parent’s global 2W sales: MD Kenichi Umeda

Expect Suzuki Motorcycle India to contribute more to parent’s global 2W sales: MD Kenichi Umeda

Source : PTI | Suzuki Motorcycle India aims to increase its contribution to the global two-wheeler sales of parent Suzuki Motor Corporation to over 50 per cent, with its new manufacturing facility expected to enhance both domestic and export volumes, according to company Managing Director Kenichi Umeda.

In 2025-26, Suzuki Motorcycle India Pvt Ltd (SMIPL) clocked its highest-ever annual sales of 14,39,415 units, registering a growth of 15 per cent over 12,56,155 units sold in FY25. Continue reading “Expect Suzuki Motorcycle India to contribute more to parent’s global 2W sales: MD Kenichi Umeda”

Classic Legends seeks to sustain growth momentum, lines up new scrambler bike in FY27

Classic Legends seeks to sustain growth momentum, lines up new scrambler bike in FY27

Source : PTI | Premium motorcycle maker Classic Legends, owner of iconic brands Yezdi, Jawa and BSA, , is embarking on a portfolio expansion with plans to introduce new bikes in the scrambler segment to carry forward its growth momentum.

The company, which had broken into the top ten two-wheeler makers in the country by sales by volume in February this year, is seeking to consolidate its legacy of being a leader in scrambler bikes — built for off-road and street use.

Continue reading “Classic Legends seeks to sustain growth momentum, lines up new scrambler bike in FY27”

India OMCs to pay discounted rates to refiners amid fuel price freeze

India OMCs to pay discounted rates to refiners amid fuel price freeze

Source : PTI | In a first since fuel price deregulation, Indian state-run oil marketing companies will pay refineries a discounted price for petrol, diesel, aviation turbine fuel (ATF) and kerosene to limit mounting losses from a self-imposed freeze on retail fuel prices, sources said.

The oil marketing companies (OMCs) on March 26 fixed rates for petroleum products that are at a discount of up to ₹60 per litre to their imported cost, two people with direct knowledge of the matter said. The discounted rates, which are applicable with effect from March 16, will hit standalone refiners such as MRPL, CPCL and HMEL the most. Continue reading “India OMCs to pay discounted rates to refiners amid fuel price freeze”

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

Lucid misses first-quarter vehicle delivery estimates on supplier disruptions

(Reuters) – Lucid Group missed expectations for first-quarter ​vehicle deliveries on Friday, hurt by a temporary sales halt ‌and recall tied to an unauthorized supplier change.

Deliveries of its electric luxury SUV Lucid Gravity were disrupted for 29 days during the quarter due to a ​supplier quality issue with second-row seats, limiting the company’s ability ​to meet customer demand.

The company said it produced 5,500 vehicles ⁠and delivered 3,093 in the quarter ended March 31. Analysts ​at Visible Alpha had expected Lucid to produce 5,967 vehicles and deliver ​5,237 vehicles. Continue reading “Lucid misses first-quarter vehicle delivery estimates on supplier disruptions”

Automakers unveil new EVs for US market despite sales downturn

Automakers unveil new EVs for US market despite sales downturn

Summary

  • Automakers face tough demand environment
  • Higher fuel prices are sparking new interest in EVs
  • EV sales remain strong in California

NEW YORK, (Reuters) – Major automakers unveiled new electric vehicles at the New York Auto Show ​on Wednesday, despite lagging consumer demand and a sharp downturn in sales after Washington eliminated a $7,500 EV tax ‌credit.

Kia said it would begin selling its lower-priced EV3 in the United States later this year, while Subaru offered a new three-row EV named the “Getaway” that can seat seven. The Japanese automaker’s family EV SUV will go on sale later this year or next year, its fourth EV ​model in the U.S. market. Continue reading “Automakers unveil new EVs for US market despite sales downturn”

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Hyundai Motor flags export disruptions as Middle East conflict hits shipping

Summary

  • Hyundai Motor sees Europe, North Africa exports disrupted by Middle East conflict
  • Higher freight costs, raw material sourcing pressures weigh on suppliers
  • Hyundai Motor warns supply chain recovery will take time even if conflict ends

PYEONGTAEK, South Korea, (Reuters) – Hyundai Motor said on Friday that exports to Europe and North Africa, which typically transit through ‌the Middle East, were being disrupted by the conflict in the region, underscoring growing strains on global supply chains.

The disruption highlights how the conflict is choking key shipping routes, driving up logistics costs, delaying deliveries and adding pressure on the automaker and its suppliers. Continue reading “Hyundai Motor flags export disruptions as Middle East conflict hits shipping”

Senators urge Trump to bar Chinese automakers from building cars in US

Senators urge Trump to bar Chinese automakers from building cars in US

Summary

  • Lawmakers say Chinese car companies pose risks to future of US auto industry
  • Automakers wrote Trump letter in March saying China poses risks
  • China says US treating Chinese car companies unfairly

WASHINGTON, (Reuters) – Three Democratic senators on Friday urged President Donald Trump to bar Chinese automakers from building vehicles in ‌the United States and to prevent Chinese cars assembled in Mexico or Canada from entering the United States.

Senators Tammy Baldwin, Elissa Slotkin and Chuck Schumer cited Trump’s comments in January in Detroit that he is open to Chinese automakers building U.S. factories. Currently, high barriers already exist for Chinese autos ​in the United States, including tariffs of around 100%, but U.S. consumers have become more interested in the vehicles, according ​to recent surveys. Continue reading “Senators urge Trump to bar Chinese automakers from building cars in US”

NCRTC sets up largest EV charging station at Anand Vihar station on Namo Bharat corridor

NCRTC sets up largest EV charging station at Anand Vihar station on Namo Bharat corridor

Source : PTI | The National Capital Region Transport Corporation (NCRTC) has commissioned the largest fast electric vehicle (EV) charging station on the Delhi-Meerut Namo Bharat corridor at Anand Vihar station.

According to a statement, the newly installed facility offers advanced fast-charging services to EV users and is aimed at promoting clean mobility while improving convenience for commuters in the region.

Continue reading “NCRTC sets up largest EV charging station at Anand Vihar station on Namo Bharat corridor”

Closely watching West Asia situation for possible impact on two-wheeler demand: Suzuki Motorcycle India official

Closely watching West Asia situation for possible impact on two-wheeler demand: Suzuki Motorcycle India official

Source : PTI | Suzuki Motorcycle India Pvt Ltd is closely watching situation in West Asia for its possible impact on sales, having witnessed good sales growth in the last fiscal, a senior company offical said on Tuesday.

The company, which launched its all-new Burgman Street scooter with prices starting at ₹1.01 lakh, has also increased prices on some select models to offset the impact of rising commodity prices, Suzuki Motorcycle India Pvt Ltd (SMIPL) Vice President- Sales & Marketing, Deepak Mutreja, told PTI. Continue reading “Closely watching West Asia situation for possible impact on two-wheeler demand: Suzuki Motorcycle India official”

Ford first-quarter US auto sales fall as affordability concerns weigh on demand

Ford first-quarter US auto sales fall as affordability concerns weigh on demand

(Reuters) – Ford Motor reported a near 9% drop in first-quarter U.S. sales ​on Thursday, as persistent affordability pressures prompt consumers to rethink ‌big-ticket purchases.

Higher financing costs, elevated sticker prices and the expiry of federal tax credits for electric vehicles have hampered demand for new cars across the ​U.S.

Ford’s truck sales declined 11.3% in the quarter ended March ​31, while sport utility vehicles fell 7.8%, reflecting weaker showroom ⁠traffic across its core lineup. Continue reading “Ford first-quarter US auto sales fall as affordability concerns weigh on demand”

Tesla eyes Japan’s top imported-car spot as it expands store, service network

Tesla eyes Japan’s top imported-car spot as it expands store, service network

Summary

  • U.S. EV maker starts taking orders for Model Y L in Japan
  • Tesla to expand to some 60 stores and 30 service centres in Japan
  • Test-drive-focused stores help ease consumer concerns

TOKYO, (Reuters) – Tesla ​plans to expand in Japan to at least 60 stores as it seeks to become the ‌country’s biggest imported car brand by as early as next year, the head of its Japan business said on Friday.

Expanded store and service centre coverage and investment in training over the past two years have helped drive Tesla’s sales growth in Japan, said country manager Richi ​Hashimoto, even as electric-vehicle adoption in the country remains modest. Continue reading “Tesla eyes Japan’s top imported-car spot as it expands store, service network”