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Sundaram Fasteners Q2 profit rises 12% to ₹310 cr on higher revenue

Sundaram Fasteners Q2 profit rises 12% to ₹310 cr on higher revenue

Source : PTI | Auto components maker Sundaram Fasteners on Wednesday reported a 12 per cent growth in standalone profit after tax to ₹310.95 crore in three months to September over the same period of last year.

The company had posted a profit of ₹278.62 crore in the July-September period of FY26. Continue reading “Sundaram Fasteners Q2 profit rises 12% to ₹310 cr on higher revenue”

Toyota September sales, production slide for a third straight month

Toyota September sales, production slide for a third straight month

TOKYO, (Reuters) – Toyota Motor said on Thursday that global vehicle ​sales and production decreased for ‌a third straight month in September, dragged down by declines in China ​and the Middle East.

Here ​are some details:

  • The world’s biggest automaker ⁠saw global sales decline 2.2% ​from a year earlier to ​860,107 vehicles, while production dropped 3.2% to 889,079 vehicles
  • Sales in China fell 19.7%, ​extending their decline to an ​eighth consecutive month, as higher petrol prices ‌weighed ⁠on demand for gasoline and hybrid cars, Toyota said in a statement
  • Sales in the Middle ​East slumped ​29.8%, while ⁠they rose 1.8% in Japan and 8.4% in ​the US, Toyota’s top ​market.
  • Output ⁠fell 18.6% in China and 2.9% in the US, while it ⁠rose ​5.8% in Japan.
  • Toyota’s ​figures include its luxury Lexus brand.

Continue reading “Toyota September sales, production slide for a third straight month”

BYD’s third-quarter profit growth slows, misses forecasts

BYD’s third-quarter profit growth slows, misses forecasts

Summary

  • BYD’s Q3 profit +28% y/y vs +30% y/y in Q2
  • Q3 revenue up 13.6% y/y, ending four quarters of declines
  • Trade receivables, inventories climb amid overseas expansion
  • Analyst sees rising competition in export markets

BEIJING, (Reuters) – Chinese electric vehicle maker BYD reported a smaller-than-expected 28% ‌increase in third-quarter profit on Thursday as intensifying competition at home spread to overseas markets. Continue reading “BYD’s third-quarter profit growth slows, misses forecasts”

Renault Q3 revenue beats forecast as EV demand lifts shares

Renault Q3 revenue beats forecast as EV demand lifts shares

Summary

  • Q3 revenue up 1.4% at constant FX vs forecast 0.3% drop
  • Vehicle sales volume falls 6% to 497,799 units
  • Confirms operating margin target of around 5.5%
  • Shares jump nearly 8%

PARIS, (Reuters) – Renault Group beat third-quarter revenue expectations on Thursday, boosting its shares ‌as higher sales of its popular electric models countered lower volumes and price pressure from Chinese competitors. Continue reading “Renault Q3 revenue beats forecast as EV demand lifts shares”

Heavy Prep Holding Up Your Bays? Kovax DY 101 Has the Answer

Heavy Prep Holding Up Your Bays? Kovax DY 101 Has the Answer

Every car that needs stripping back to metal ties up a technician, a bay and a booth slot before any filler or paint goes on. When that heavy prep runs long, your schedule slips, cars wait and customers chase delivery dates.

The Kovax DY 101 Dynamic Action Sander is built to remove that bottleneck. It is a high-speed pneumatic sander for paint stripping, surface preparation and rust removal — so your team gets panels to bare metal faster and more cars move through your Bodyshop. Continue reading “Heavy Prep Holding Up Your Bays? Kovax DY 101 Has the Answer”

Keralam private bus operators announce indefinite strike from Nov 3

Keralam private bus operators announce indefinite strike from Nov 3

Source : PTI | Private bus operators in Keralam on Tuesday announced an indefinite strike from November 3, alleging that the government had failed to address their losses following the introduction of the Priyadarshini service by the state-run KSRTC.

The decision was taken at a joint meeting of private bus owners held here, the operators said at a press conference.

Continue reading “Keralam private bus operators announce indefinite strike from Nov 3”

Audi CEO faces backlash after joining Trump at midterm campaign rally

Audi CEO faces backlash after joining Trump at midterm campaign rally

Summary

  • Audi chief appears alongside Trump at rally in battleground state of Georgia
  • Union accuses Audi CEO of violating political campaign rules
  • US plant investment not yet approved by supervisory board
  • Analyst says “optics not great” but US production needed

BERLIN, (Reuters) – Audi chief Gernot Doellner drew heavy criticism on Monday for ​appearing alongside US President Donald Trump at a campaign rally in the battleground state of Georgia, with the head of Germany’s top union saying it violated the ‌automaker’s company guidelines. Continue reading “Audi CEO faces backlash after joining Trump at midterm campaign rally”

Volkswagen, in strategy shift, plans to globalise China-developed technology

Volkswagen, in strategy shift, plans to globalise China-developed technology

Summary

  • VW to roll out China-developed vehicle technology in overseas markets
  • Move is a shift in its China localisation strategy amid a domestic market slump
  • VW unveils VEGA package, with Level 3 autonomous-driving readiness for 2027 launch

HEFEI, China, (Reuters) – Volkswagen is bringing China-developed technologies to ​overseas markets including South America and South Africa, as the German automaker seeks to bolster its global competitiveness by banking on China ‌as a key innovation hub. Continue reading “Volkswagen, in strategy shift, plans to globalise China-developed technology”

GM moves to Nasdaq as first legacy automaker on the exchange

GM moves to Nasdaq as first legacy automaker on the exchange

Oct 27 (Reuters) – (This Oct 27 story has been refiled to correct syntax in paragraph 3.)

General Motors said on Tuesday it would transfer the listing of its common stock ​to Nasdaq from the New York Stock Exchange, ‌joining a growing number of companies looking to align themselves with the tech-heavy exchange. Continue reading “GM moves to Nasdaq as first legacy automaker on the exchange”

Porsche posts profit rebound as restructuring starts to deliver

Porsche posts profit rebound as restructuring starts to deliver

Summary

  • Nine-month operating profit rises to €1.74 billion from €40 million
  • Sales of flagship 911 model rise 12% in first nine months
  • Profit margin improves to 6.9% from 2025 record low ​1.1%
  • Shares rise 2.3%

BERLIN, (Reuters) – Sports car maker Porsche on Tuesday reported a ‌recovery in profit in the first nine months of the year, in an early sign CEO Michael Leiters’ turnaround plan to downsize and retreat from China is yielding results. Continue reading “Porsche posts profit rebound as restructuring starts to deliver”

GM to offer hybrid SUVs in strategic pivot from electric

GM to offer hybrid SUVs in strategic pivot from electric

Summary

  • GM plans hybrid Chevrolet Traverse, Buick Enclave and GMC Acadia models, sources say
  • GM plans to build hybrid SUVs at factory in Lansing, Michigan, sources say
  • GM’s US market share falls to 16.6% in the ​first 9 months of the year from 17.4% a year prior

DETROIT, (Reuters) – General ‌Motors plans to introduce hybrid versions of its popular three-row SUVs, people familiar with the matter said, in a strategic shift after heavily investing in electric vehicles. Continue reading “GM to offer hybrid SUVs in strategic pivot from electric”

Stellantis shares leap on bullish cost cuts, cash flow comments

Stellantis shares leap on bullish cost cuts, cash flow comments

Summary

  • Milan-listed shares jumped nearly 15%
  • Adjusted EBIT up to €256 million in third quarter
  • Burns around €4 billion in cash in July-September
  • Maserati relaunch plan to be unveiled on December 10

MILAN, (Reuters) – Stellantis ​said on Wednesday it was confident of exceeding its cost-saving targets, underpinning its profit outlook and expectations of ‌a return to positive cash flow in 2027, after reporting higher third-quarter operating income. Continue reading “Stellantis shares leap on bullish cost cuts, cash flow comments”

Volkswagen’s journey: Beetle maker’s wartime roots to reinvention

Volkswagen’s journey: Beetle maker’s wartime roots to reinvention

BERLIN, – From a single-model company rising from the ashes of World War Two, to a sprawling automotive empire with global reach, Volkswagen has undergone repeated reinventions on its way to becoming the world’s second-largest automaker.

Here is a look at the company’s history as it faces what could become its biggest restructuring in its 89-year history. Continue reading “Volkswagen’s journey: Beetle maker’s wartime roots to reinvention”

Ford’s third-quarter core profit ticks higher despite rising commodity costs

Ford’s third-quarter core profit ticks higher despite rising commodity costs

Summary

  • Adjusted earnings per share beat LSEG forecasts at 49 cents versus 40 cents
  • Ford lifts annual EBIT guidance floor by $500 million to $10.5 billion
  • Commodity headwinds estimate rises to nearly $2.5 billion from about $2 billion

DETROIT, (Reuters) – Ford Motor’s third-quarter ​core profit increased slightly to $2.7 billion, as the Michigan automaker overcame production struggles with its best-selling F-150 trucks and higher commodity ‌costs. Continue reading “Ford’s third-quarter core profit ticks higher despite rising commodity costs”

Africa’s evolving automotive aftermarket opens new opportunities for global trade, technology and skills, with Dubai as a major gateway

Africa’s evolving automotive aftermarket opens new opportunities for global trade, technology and skills, with Dubai as a major gateway

Dubai’s trade and logistics links offer African aftermarket businesses access to international markets, suppliers and expertise.

AfriConnections, a half-day programme at Automechanika Dubai on 12 November, will examine opportunities in trade, sourcing, manufacturing and distribution.

Dubai, UAE: As vehicle fleets evolve and demand for replacement parts, workshop services and new technologies grows, Africa’s automotive aftermarket is creating commercial opportunities for manufacturers, distributors and service providers. Automechanika Dubai, taking place from 10 to 12 November 2026 at Dubai Exhibition Centre, Expo City Dubai, will address these developments through AfriConnections, a programme bringing African and international aftermarket businesses together on 12 November. Continue reading “Africa’s evolving automotive aftermarket opens new opportunities for global trade, technology and skills, with Dubai as a major gateway”

Govt amends motor vehicle rules to permit pure ethanol flex-fuel vehicles

Govt amends motor vehicle rules to permit pure ethanol flex-fuel vehicles

Source : PTI | The Road Transport Ministry on Monday notified changes to the Central Motor Vehicles Rules, allowing flex-fuel vehicles that can run on up to E100 (nearly pure ethanol).

E100 fuel allows vehicles to run on nearly pure ethanol.

A senior road transport ministry official said fuel beyond E20 (20 per cent ethanol-blended petrol) and up to E100 is intended only for vehicles designed and certified to use it and will not be applicable for other vehicles. Vehicles that use E20 or normal fuel can’t use E85 or E100 fuel. Continue reading “Govt amends motor vehicle rules to permit pure ethanol flex-fuel vehicles”

Punjab CM Mann flags off 100 minibuses to connect villages with cities

Punjab CM Mann flags off 100 minibuses to connect villages with cities

Source : PTI | Flagging off 100 new minibuses in Patiala on Monday, Chief Minister Bhagwant Mann reaffirmed his government’s commitment to connecting every village with cities, saying that just as canal water has reached every field, buses would reach every village in Punjab.

Taking a swipe at previous governments for discontinuing village-to-city bus services, he said the new buses would strengthen rural connectivity, ease daily travel for residents and students, and improve access to education, employment and essential services. Continue reading “Punjab CM Mann flags off 100 minibuses to connect villages with cities”

Mumbai-Pune Expressway link to ban goods vehicles from Nov 1

Mumbai-Pune Expressway link to ban goods vehicles from Nov 1

Source : PTI | The Maharashtra Highway Police have announced permanent traffic restrictions on the connecting link section of the Mumbai-Pune Expressway, prohibiting all goods vehicles, including small commercial vehicles, from using the route from November 1.

The restrictions have been introduced in view of the design and technical features of the tunnels and to ensure the safety of commuters, according to a notification issued by Additional Director General of Police (Traffic) Praveen Salunkhe. Continue reading “Mumbai-Pune Expressway link to ban goods vehicles from Nov 1”

Road users in India have propensity not to adhere to traffic regulations: Delhi HC

Road users in India have propensity not to adhere to traffic regulations: Delhi HC

PTI | The Delhi High Court has observed that road users in India have a propensity not to follow road discipline or to adhere strictly to traffic regulations

The court’s observation came while holding that “agony of the moment” principle cannot be invoked to absolve a driver of negligence merely because a stray animal suddenly appeared on the road and the vehicle met with an accident. Continue reading “Road users in India have propensity not to adhere to traffic regulations: Delhi HC”

Audi defends decision to stand by Trump on $4 billion US factory in Georgia

Audi defends decision to stand by Trump on $4 billion US factory in Georgia

Summary

  • Audi, hurt by tariffs, to build first US plant
  • Central Georgia plant set to assemble Audi SUVs
  • Trump is keen to show tariffs are an economic boost for US
  • Final investment decision needs to be taken for the plant to go ahead

PERRY, Georgia/BERLIN, (Reuters) – The head of German automaker Audi defended on Sunday the company’s planned $4 billion investment in a ‌new US plant, announced by President Donald Trump as he campaigns for the November midterm elections. Continue reading “Audi defends decision to stand by Trump on $4 billion US factory in Georgia”

Govt plans colour-coded driving licences for citizens, foreign nationals

Govt plans colour-coded driving licences for citizens, foreign nationals

Source : PTI | The Road Transport Ministry has proposed introducing separate colour schemes for driving licences issued or renewed for Indian and foreign nationals, alongside doing away with affidavits sworn before an executive magistrate or notary as proof of age and address.

The Ministry of Road Transport and Highways (MoRTH), in draft amendments to the Central Motor Vehicles Rules, has also proposed making it mandatory for driving licences to carry the holder’s blood group, mobile number and emergency contact numbers. Continue reading “Govt plans colour-coded driving licences for citizens, foreign nationals”

Jaguar to recall about 94,000 US vehicles over rearview camera issue, NHTSA says

Jaguar to recall about 94,000 US vehicles over rearview camera issue, NHTSA says

(Reuters) – Jaguar Land Rover will recall 93,997 ​vehicles in the United ‌States as the rearview camera image may fail ​to appear on ​the display, the US National ⁠Highway Traffic Safety ​Administration (NHTSA) said on Friday.

Here ​are some more details: Continue reading “Jaguar to recall about 94,000 US vehicles over rearview camera issue, NHTSA says”

China’s BYD plans to double capacity at Brazilian plant

China’s BYD plans to double capacity at Brazilian plant

Summary

  • BYD seeks licenses to double factory capacity to 600,000 vehicles a year
  • Automaker aims to source more than 50% of local content
  • BYD’s demand in Brazil is already outstripping car production

SAO PAULO, (Reuters) – Chinese electric carmaker BYD is seeking permits to double annual production capacity at its Brazilian ‌plant to 600,000 vehicles, as it nears completion of its stamping, welding, and paint facilities, its top executive in Brazil said. Continue reading “China’s BYD plans to double capacity at Brazilian plant”

GM targets ‘eyes-off’ autonomous driving for pickups, SUVs

GM targets ‘eyes-off’ autonomous driving for pickups, SUVs

Summary

  • Some industry executives have raised safety and liability questions around such tech
  • GM is working on a new software platform for future vehicles
  • GM says eyes-off system will expand beyond Cadillac Escalade IQ to pickups and large SUVs

(Reuters) – General Motors plans to offer “eyes-off” autonomous driving on its ​highest-selling, most profitable vehicles — big pickup trucks and SUVs — as it seeks fresh revenue streams from heavy technology investments. Continue reading “GM targets ‘eyes-off’ autonomous driving for pickups, SUVs”

US has for years asked Musk to alter Starlink service in Ukraine, Middle East, sources say

US has for years asked Musk to alter Starlink service in Ukraine, Middle East, sources say

Summary

  • Biden and Trump administrations previously asked SpaceX to switch Starlink on or off, six former officials say
  • Biden officials asked SpaceX to cut service tied to Houthis and Hezbollah, former officials say
  • Trump officials discussed activating Starlink in Iran after 2025 and 2026 strikes, sources say
  • US reliance on SpaceX raises questions over Musk’s influence on policy decisions

WASHINGTON, (Reuters) – Well before the throttling this month of Ukraine’s military access to Elon Musk’s satellite communications system, the Biden and Trump administrations had several times asked SpaceX to turn its Starlink service on or off in various countries, according ​to six former senior US officials familiar with the matter. Continue reading “US has for years asked Musk to alter Starlink service in Ukraine, Middle East, sources say”

China’s Baidu tests robotaxi on London streets

China’s Baidu tests robotaxi on London streets

LONDON, (Reuters) – US-based Lyft unit Freenow and Baidu’s Apollo Go unveiled the Chinese company’s RT6 autonomous vehicle in London on Thursday and said they hope ​to launch a driverless robotaxi service in the city in 2027.

The two ‌companies began testing vehicles in London with safety drivers in the summer and hope to have fully driverless vehicles in the city next year, aiming for a commercial launch in 2027. Continue reading “China’s Baidu tests robotaxi on London streets”

GM cancels deal with new US rare-earth magnet plant, documents say

GM cancels deal with new US rare-earth magnet plant, documents say

Summary

  • VAC plant was built to sell 90% of nearly 2,000 metric tons of magnets yearly to GM
  • VAC seeks damages after GM termination notice, documents show
  • Energy Fuels says purchase price may be adjusted to account for dispute

LONDON, (Reuters) – General Motors, the biggest customer of a US factory making rare earth magnets for electric vehicles, cancelled ‌its long-term supply deal with the manufacturer, and the two sides are in arbitration, according to regulatory documents and a person with knowledge of the situation. Continue reading “GM cancels deal with new US rare-earth magnet plant, documents say”

US military bans BYD vehicles from strategic air base in Japan

US military bans BYD vehicles from strategic air base in Japan

TOKYO, (Reuters) – The US military said on Friday it will ban vehicles ​made by Chinese EV maker BYD from an air base in ‌Japan, saying their presence posed a security risk.

The ban will begin at the Kadena Air Base on Japan’s Okinawa island on Monday, the Yonhap newswire ​reported earlier. The base is a major US air power ​hub on Japan’s strategic southwest island chain running along ⁠the edge of the East China Sea. Continue reading “US military bans BYD vehicles from strategic air base in Japan”

Volvo Cars shares in record plunge on widening losses, job cuts

Volvo Cars shares in record plunge on widening losses, job cuts

Summary

  • Adjusted operating loss 3.7 billion crowns versus year-ago 5.8 billion crown profit
  • Targets additional 5 billion crowns of indirect spend and variable cost cuts by end next year
  • Will cut about 2,000 jobs in Sweden, another 500 globally

STOCKHOLM, (Reuters) – Volvo Cars shares ​plunged 24% on Friday after the Swedish carmaker posted a far bigger-than-expected third-quarter operating loss, doubled its cash burn year-on-year and announced 2,500 more ‌job cuts, mostly in its home market Sweden. Continue reading “Volvo Cars shares in record plunge on widening losses, job cuts”

Why Pay for Lost Time When Garuda Soft Wins It Back?

Why Pay for Lost Time When Garuda Soft Wins It Back?

The booth is free; the painter is ready — and the next car is still in prep. Every bodyshop manager knows that moment, and every one of them costs money.

Prep is where your labour hours go, and your abrasive decides how fast those hours turn into finished panels. Yet the true cost of a sanding disc never shows on the invoice. It hides in slow filler work, discs that fade mid-job, half-used discs in the bin and cars sent back from the booth. Continue reading “Why Pay for Lost Time When Garuda Soft Wins It Back?”

Delhi Traffic Police to divert non-compliant buses at borders to curb pollution

Delhi Traffic Police to divert non-compliant buses at borders to curb pollution

Source : PTI | To curb pollution and prevent traffic congestion, the Delhi Traffic Police will permit only electric vehicles, CNG and BS-VI diesel buses to operate, diverting non-compliant inter-city and inter-state buses at the national capital’s borders, an official said on Thursday.

The decision was taken at an inter-state coordination meeting chaired by Special Commissioner of Police (Traffic) Ajay Chaudhary to ensure effective implementation of the Graded Response Action Plan (GRAP) Stage-I and directions issued by the Commission for Air Quality Management (CAQM). Continue reading “Delhi Traffic Police to divert non-compliant buses at borders to curb pollution”

Blue Energy Motors joins Centre’s commercial vehicle replacement scheme for Delhi-NCR

Blue Energy Motors joins Centre’s commercial vehicle replacement scheme for Delhi-NCR

Source : PTI | Blue Energy Motors on Thursday announced joining the Central government’s PARIVARTAN scheme for Delhi-NCR, which is aimed at replacing ageing commercial vehicles with cleaner alternatives through targeted incentives and coordinated implementation.

The company said it has signed an initial pact with the Ministry of Road Transport and Highways (MoRTH) for the commercial vehicle modernisation initiative. Continue reading “Blue Energy Motors joins Centre’s commercial vehicle replacement scheme for Delhi-NCR”

Wall St sees Tesla-SpaceX merger as inevitable, but split on price

Wall St sees Tesla-SpaceX merger as inevitable, but split on price

Summary

  • Tesla needs majority of all shares for approval, Musk says
  • Panels yet to agree on merger terms, no terms discussed
  • Uncast votes, broker non-votes could imperil approval – analysts
  • Premium estimates for Tesla investors range from zero to 35%

(Reuters) – A Tesla-SpaceX merger appears to be a matter of when, not if, to ​many on Wall Street. But they disagree on a key factor: how much Tesla shareholders should be paid. Continue reading “Wall St sees Tesla-SpaceX merger as inevitable, but split on price”

Tesla aims to sell Cybercab robotaxis by end of year despite federal probe

Tesla aims to sell Cybercab robotaxis by end of year despite federal probe

Summary

  • Tesla aims to start small this year before scaling Cybercab deliveries and ownership, Moravy says
  • NHTSA probes how Cybercab complies with federal standards requiring manual controls
  • Tesla plans to expand Cybercab ride service to Dallas next month, Elluswamy says

SAN FRANCISCO, (Reuters) – Tesla ​is aiming to start selling its Cybercab robotaxis to the public by the end of this year, its ‌engineering chief said on Wednesday, even as the US auto safety agency probes the vehicles that come without manual controls which federal regulations typically require. Continue reading “Tesla aims to sell Cybercab robotaxis by end of year despite federal probe”

India presents a compelling investment proposition for German firms: Ficci

India presents a compelling investment proposition for German firms: Ficci

Source : PTI | India offers German companies a compelling investment proposition, driven by its large and growing domestic market, strong economic fundamentals, and supportive policy environment, industry chamber FICCI said on Wednesday.

Ficci Secretary General Anant Swarup also said German technological expertise, precision engineering and innovation capabilities complement India’s scale, skilled workforce and cost competitiveness. Continue reading “India presents a compelling investment proposition for German firms: Ficci”

Delhi to bar entry of BS-IV and older commercial vehicles from November 1

Delhi to bar entry of BS-IV and older commercial vehicles from November 1

Source : PTI | Commercial goods vehicles conforming to BS-IV or lower emission standards will be barred from entering Delhi from November 1, except those running on CNG or electricity, Gurugram traffic police said on Friday.

The restriction will apply to Light Goods Vehicles (LGVs), Medium Goods Vehicles (MGVs), Heavy Goods Vehicles (HGVs), other trucks and buses, according to an advisory issued by the traffic police. Continue reading “Delhi to bar entry of BS-IV and older commercial vehicles from November 1”

Hybrids, CNG may contribute 50% of sales in 2-3 years: Renault India CEO

Hybrids, CNG may contribute 50% of sales in 2-3 years: Renault India CEO

Source : PTI | As French carmaker Renault pushes multifuel powertrain strategy in India, Renault India CEO Stephane Deblaise said hybrid and CNG technology can possibly account for almost half of the automaker’s powertrain mix in its sales over the next 2-3 years.

His comments came as the company bets big on hybrid and CNG technology in its India strategy. The automaker on Saturday launched its first strong hybrid offering on the Duster SUV, and plans to launch factory-fitted CNG models in the future. Continue reading “Hybrids, CNG may contribute 50% of sales in 2-3 years: Renault India CEO”

Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude

Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude

Source : PTI | Refineries in India and two other countries that run on Russian crude shipped 1 billion euros ($1.2 billion) of oil products to sanctioning countries in September, up 43 per cent from August, according to the Centre for Research on Energy and Clean Air (CREA).

Reliance Industries Ltd’s Jamnagar refinery in Gujarat supplied six of the seven cargoes unloaded at EU ports that month, despite the bloc’s ban on fuel made from Russian crude.

Continue reading “Indian refiners’ fuel exports to the West jump 43% as they keep processing Russian crude”