Source : PTI | Anna University and Bajaj Auto Foundation, the CSR arm of Bajaj Auto Limited signed an agreement for the establishment of the Bajaj Engineering Skills Training Centre at the College of Engineering in Guindy, here.

The ₹15 crore initiative marked a significant milestone in strengthening industry- academia collaboration and preparing engineering graduates of Tamil Nadu for the rapidlyevolving manufacturing sector, a release from Anna University here on Tuesday said.

Continue reading “Anna Univ, Bajaj Auto to establish skill centre”

(Reuters) – Electric-vehicle maker Rivian said on Tuesday it is laying off less than ​2% of its workforce as part of ongoing ‌efforts to scale its operations profitably.

The company, which employed 15,232 people as of December last year, has said it no longer ​expected to meet its 2027 adjusted core ​profit target as it ramps up spending ⁠on research and development to accelerate its autonomous ​driving roadmap. Continue reading “Rivian trims workforce by about 2% amid profitability push”

Summary

• Pessimism outweighs optimism in supplier poll
• Hiring plans in Germany hit new low
• Almost half feeling impact of Middle East crisis

BERLIN, (Reuters) – German automotive suppliers expecting ​business conditions to worsen over the next year now outnumber the industry’s ‌optimists, a survey showed on Wednesday, as domestic hiring sinks to a new low and investment in the sector moves overseas.

The German auto industry’s rocky transition to electric vehicles, which could ​cost 225,000 jobs in the coming years, has strained suppliers as they also ​navigate trade barriers and high costs, according to the VDA industry ⁠association. Continue reading “Mood darkens among German auto suppliers as investment, hiring fall, survey shows”

Summary

• Now expects significant drop in pretax profit
• Operating margin in automotive segment now seen as 1-3%
• Shares fall 6.6% in Frankfurt

BERLIN, (Reuters) – BMW slashed ​its outlook for 2026 on Tuesday, blaming an accelerated downturn in the key ‌Chinese market as well as the impact of the Iran war, which the German premium carmaker said had hit consumer sentiment and raised energy costs.

The comments showed how exposed Europe’s auto sector — already ​pummelled by fierce Asian competition and weak demand at home — is ​to developments abroad. Continue reading “BMW lowers profit outlook due to China downturn, Iran war double whammy”

Source : PTI | Shares of oil marketing companies, aviation and paint manufacturers rallied on Monday amid a sharp decline in crude prices.

The stock of Hindustan Petroleum Corporation Ltd rallied 3.36 per cent, Bharat Petroleum Corporation Ltd edged higher by 2.71 per cent, and Indian Oil Corporation climbed 2.48 per cent on the BSE.

Shares of SpiceJet surged 6.72 per cent, and InterGlobe Aviation went up by 3.59 per cent.

Continue reading “Oil marketing companies, aviation stocks extend winning run on drop in crude prices”

Source : PTI | Maruti Suzuki India Ltd on Monday introduced its ‘smart maintenance plan’, a pre-paid after-sales maintenance offering for its existing customers.

The new plan allows customers to choose from a range of service configurations based on their specific needs.

The prepaid service includes multiple plans, such as labour-only, parts and labour, commercial vehicle minor services, and customer-demanded services, as well as engine oil and coolants, Maruti Suzuki India Ltd (MSIL) said in a statement. Continue reading “Maruti Suzuki introduces prepaid smart maintenance plan”

Source : PTI | The Chamber of Trade and Industry (CTI) has asked oil companies to immediately pass on the benefit of a 30 per cent decline in crude oil prices to consumers by reducing petrol and diesel prices.

Welcoming the ceasefire agreement between Iran and the US and the subsequent decision to reopen the Strait of Hormuz, CTI Chairman Brijesh Goyal said that the move will provide massive economic relief to Indian traders and small and medium enterprises.

Continue reading “Delhi industry body urges govt to slash petrol, diesel prices as global crude softens”

Source : PTI | Mercedes-Benz India on Monday expressed confidence in sustaining growth this year, citing strong demand despite macroeconomic headwinds and geopolitical uncertainties.

The premium car maker also said that a price increase was on the cards to deal with the impact of sustained pressure on Indian Rupee, among others, a top company official said.

Earlier, the Pune-based Indian arm of the German premium car maker Mercedes-Benz introduced its first-ever plug-in hybrid, in the new S-class in the domestic market at a starting price of ₹2.20 crore. Continue reading “Mercedes-Benz India confident of sustaining growth on strong demand this year”

Source : PTI | The government on Monday hiked windfall gains tax on exports of diesel and aviation turbine fuel (ATF), while retaining the levy on petrol for the fortnight beginning June 16.

The rate of special additional excise duty (SAED) on export of diesel will be ₹14/litre, up from ₹13.5/litre at present. SAED on export of ATF will be ₹12.5/litre, up from ₹9.5/litre.

There is no change in the rate of duty on exports of petrol and it continues to be at ₹1.5 per litre. Continue reading “Govt hikes windfall tax on diesel, ATF exports; petrol duty unchanged”

Summary

• Slate of UAW presidential candidates to be nominated at UAW convention this week
• Labor experts say contract gains likely outweigh organizing setbacks for Fain
• Fain faces criticism over stalled organizing, internal divisions and federal monitor’s findings

DETROIT, (Reuters) – United Auto Workers President Shawn Fain is seeking a second four-year term as leader of the 400,000-member union, entering the ​race as the favorite after a walkout three years ago that was popular with workers.

But stumbles in organizing and allegations of mismanagement have raised concerns among ‌some members. Continue reading “United Auto Workers’ Fain seeks reelection, buoyed by strike wins”

PARIS, (Reuters) – Renault Group said on Monday it has teamed up with defence technology company Thales to develop a military vehicle, deepening the French carmaker’s push into ​defence as Europe raises security spending.

The companies plan to show a prototype, called 4 ‌TROOP, at the Eurosatory defence fair near Paris, with Renault saying it could answer a production order from early 2027.

Renault shares were up 4.5% by 0848 GMT, among the best performers on France’s benchmark CAC 40 ​index. Continue reading “Renault, Thales unveil military vehicle partnership”

Summary

• Ford said it needs a license because US-developed software is installed into vehicles in China
• Software bans start with 2027 models, while hardware restrictions begin with 2030 models
• Upcoming hardware restrictions expected to be more difficult for industry

DETROIT, (Reuters) – Ford Motor and other automakers are scrambling to obtain U.S. government authorization to continue ​selling models that have been in U.S. showrooms for years, but have recently come under fire as part of a ban on Chinese ‌software in connected vehicles

Ford has asked the U.S. Commerce Department for authorization to continue importing its China-built Lincoln Nautilus SUV, the company confirmed to Reuters. The model is among a small handful of Chinese imports that automakers already had been selling in the U.S. prior to the government restrictions. Continue reading “US connected-car rule prompts Ford, other automakers to seek licenses for China-built models​”

(Reuters) – Global demand for electric vehicles rose for a third straight month in May, as subsidies and high petrol prices continued ​to drive the transition away from combustion-engine cars, data from consultancy ‌Benchmark Mineral Intelligence showed on Wednesday.

Registrations of new battery-electric vehicles and plug-in hybrid electric vehicles rose 3% from a year earlier to around 1.8 million in May, a proxy ​for sales, pushing the total 0.9% higher than last year for ​the first five months of the year, BMI said. Continue reading “Global EV registrations rise 3% globally in May, BMI data shows”

(Reuters) – General Motors is in talks ​with Lockheed Martin about making ‌parts for the defense contractor’s weapons, the Wall Street Journal reported on Monday, ​citing sources.

• Automobile maker GM would manufacture ​commonly used parts that could help ⁠Lockheed bolster munitions production, the ​report said, adding that the companies ​are discussing which components GM could potentially make.
• An agreement hasn’t been finalized, and the contours ​of the arrangement could change, ​the report said.
• GM and Lockheed were not immediately ‌available ⁠for comment outside business hours when contacted by Reuters. Reuters could not verify the report.
• The potential tie-up comes ​as the ​U.S.-Iran ⁠war and supplies sent to Ukraine in recent years ​have depleted U.S. weapons stockpiles.
• The ​Trump ⁠administration planned to meet executives from the biggest U.S. defense contractors at the White ⁠House ​to discuss accelerating ​production, Reuters reported last week.

Continue reading “GM in talks to supply weapons parts to Lockheed Martin, WSJ reports”

Summary

• Tokyo shops report shortages of motor oil, paint thinner and diesel exhaust fluid
• Repairers may delay repainting vehicles, especially popular pearl white models
• Smaller garages are losing out as bigger buyers stockpile and automakers get priority
• US group says prices not to ease until mid-2027

TOKYO/DETROIT, (Reuters) – Tokyo auto shops and Detroit car dealerships have been running short of motor oil, paint and other products for months since the Middle East conflict snarled global supply chains.

Now, while a potential ​deal between the U.S. and Iran may bring an end to the fighting, industry experts and executives say it is unlikely to deliver immediate relief to the smaller shops that have been squeezed by ‌Tehran’s shutdown of the Strait of Hormuz. Closure of the strait has blocked almost a fifth of global oil flows and led to bottlenecks for some petroleum-derived products. Continue reading “US-Iran deal may not bring quick relief for auto shops”

Summary

• Tesla used dubious safety stats to make case for FSD approval in Europe
• Automaker’s crash data has been called into question by researchers
• Sweden says regulators ‘look beyond headline figures’ to assess safety

(Reuters) – In its efforts to secure European approval of its “Full Self-Driving” (FSD) system, Tesla has presented self-published safety statistics to regulators in Sweden and the Netherlands that independent traffic-safety researchers have said amount to misleading marketing.

A Reuters examination published last month found that Tesla ​CEO Elon Musk and other leaders over the past year have increasingly cited statistics they say prove its FSD driver-assistance feature is up to 10 times safer than human drivers. But the ‌news agency’s review found several invalid data comparisons underlying Tesla’s statistics that exaggerated its safety claims. Continue reading “Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators”

Source : PTI | Union Minister of State for Petroleum and Natural Gas Suresh Gopi on Sunday said fuel prices would be reviewed based on the availability of crude oil supplies.

Replying to reporters’ questions on a possible revision in fuel prices, Gopi said the situation would be assessed based on crude oil supplies. Continue reading “Fuel price revision to depend on crude oil supply, says Suresh Gopi”

Source : PTI | Shares oil marketing companies surged on Friday, with HPCL climbing over 6 per cent, amid a sharp decline in crude prices.

The stock of Hindustan Petroleum Corporation Ltd jumped 6.30 per cent, Bharat Petroleum Corporation Ltd surged 5.54 per cent and Indian Oil Corporation climbed 4.91 per cent on the BSE.

Brent crude, the global oil benchmark, dropped 3.98 per cent to $86.78 per barrel. Continue reading “Oil marketing stocks jump as crude prices slide nearly 4%”

Summary

• Volkswagen, Stellantis, Renault write to EU lawmakers
• Says 70% of cars sold in EU should have 70% local content
• Urge stronger incentives to support local production
• The three groups cover 60% of ​Europe’s car output

MILAN, (Reuters) – Automakers Volkswagen, Stellantis and Renault, which account for ‌about 60% of Europe’s car output, are urging the EU to adopt a simple “Made in Europe” rule and stronger incentives to boost local production.

In a joint letter sent to European Parliament members, seen by ​Reuters, the three groups called for 70% of vehicles sold in the European Union ​to source 70% of their value from within the 27-country bloc, covering ⁠the full value chain from engineering to manufacturing. Continue reading “Europe’s top carmakers urge simple ‘Made in Europe’ rules”

BEIJING, (Reuters) – China is “strongly dissatisfied” with a U.S. move to add several large ​Chinese companies to the Pentagon’s list of firms it says ‌are aiding China’s military, the commerce ministry said on Saturday.

The foreign ministry has also expressed concern about the U.S. Defense Department’s long-awaited update to ​its list on Monday, which included such top technology ​names as e-commerce giant Alibaba, internet search provider Baidu ⁠and automakers BYD and NIO. Continue reading “China ‘strongly dissatisfied’ with Pentagon move against top Chinese tech firms”

Mumbai, June 2026 – Škoda Auto India is set to elevate its high-performance RS portfolio with the all-new Kodiaq RS. Building on more than 50 years of RS legacy and over 125 years of motorsport heritage, this latest addition underscores the brand’s performance DNA. With bookings opening on June 22, 2026, the Kodiaq RS combines exhilarating performance with unmistakable motorsport character, the versatility of seven-seat luxury, and enhanced all-terrain capability powered by 4×4.

Commenting on the announcement, Ashish Gupta, Brand Director, Škoda Auto India, said, “The RS badge carries over 50 years of global performance legacy and a fiercely loyal following in India since the Octavia RS arrived more than two decades ago. The latest Octavia RS, launched last year, sold out in just 20 minutes, highlighting its cult status among enthusiasts. Now, we’re taking that legacy forward with the Kodiaq RS, our first-ever seven-seater in India to wear the iconic RS badge and the quickest Škoda yet in the country. It blends performance, space, and 4×4 capability into a bold, unmistakable expression of our racing DNA.” Continue reading “Škoda Auto expands the RS Legacy with the new Kodiaq RS”

Source : PTI | The government has restricted industrial, commercial and institutional users from buying petrol and diesel from petrol pumps and instead asked them to source their requirements from bulk sale points, according to an official order.

The restrictions, which will be in place for up to 90 days, follows abnormal demand growth, particularly that of diesel, in some pockets after bulk users started buying fuel from petrol pumps due to the pricing difference. While diesel at petrol pumps costs Rs 95.20 a litre in Delhi, bulk sales are priced at Rs 134.50. Continue reading “Govt bars bulk industrial petrol, diesel purchases through petrol pumps”

Source : PTI | Amazon is primarily relying on on-site charging infrastructure for its growing fleet of electric delivery vehicles in India, while also working with partners to expand charging and transportation options as it pushes towards its sustainability goals, a top company executive said.

The US-based e-commerce giant already has plans to introduce over 1,000 electric trucks into its operations in India over the next five years, joining the existing 10,000 electric vehicles fleet. The move is aimed at delivering packages to customers from Amazon fulfilment centres more sustainably. Continue reading “Amazon leveraging own charging infrastructure to grow electric delivery fleet in India”

Summary

• Musk’s influence spans automotive, space, AI, and social media
• Tesla’s legal challenges and CEO pay package raised shareholder concerns
• Jamie Dimon, JPMorgan CEO, now praises Musk as ‘our Einstein’ after past disputes

(Reuters) – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has ​made him the world’s first trillionaire.

At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has managed to retain a loyal following despite his stratospheric net worth ‌and without the folksy persona that endeared other tycoons such as Warren Buffett to the masses. Continue reading “SpaceX IPO makes Elon Musk the world’s first trillionaire”

(Reuters) – Ford is ​recalling 255,404 vehicles in ‌the U.S. over an issue with the canister purge ​valve, which may ​malfunction, causing the engine to ⁠stall unexpectedly while driving, ​the U.S. National Highway ​Traffic Safety Administration said on Friday.

The recall affects certain 2012-2018 ​Focus vehicles which were ​previously repaired incorrectly, the regulator said.

The ‌dealers ⁠will update the powertrain control module doftware free of charge, as per ​NHTSA. Continue reading “Ford to recall more than 255,400 US vehicles over engine issue”

Summary

• Lyft, Uber say new law forces them to keep unsafe drivers
• Law would take effect July 28, following override of ex-Mayor Adams’ veto
• NYC officials defend law, emphasizing due process for ​app-based drivers

NEW YORK, (Reuters) – Lyft joined Uber Technologies in suing ‌New York City to block a new law they said would force them to keep bad drivers who threaten public and passenger safety on their platforms.

The Lyft lawsuit was filed late Wednesday in Manhattan ​federal court, 24 hours after Uber sued. Continue reading “Lyft, Uber sue New York City to block driver retention law”

(Reuters) – Ford is ​recalling 548,463 vehicles in ‌the United States over an issue with the center console, the ​U.S. National Highway Traffic ​Safety Administration said on Thursday.

The ⁠issue relates to the console’s ​chrome plating, which may bubble ​and peel over time, potentially resulting in sharp edges. Passengers who come ​in contact with these ​edges face an increased risk of injury, ‌the ⁠regulator said. Continue reading “Ford to recall more than 548,000 US vehicles over defective center console”

BERLIN, (Reuters) – Volkswagen is pressing ahead with ​sweeping job cuts ‌and cost reductions in Germany as planned, shrinking ​its workforce by ​19,000 by the end ⁠of the year, ​CEO Oliver Blume is ​set to tell investors at the upcoming AGM.

More than ​28,000 job cuts ​have been agreed as a ‌binding ⁠target for 2030, according to a transcript of Blume’s speech ​for ​the ⁠event on June 18. Continue reading “Volkswagen to reduce workforce by 19,000 by end of year, CEO says”

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Source : PTI | The revenue of listed auto ancillary companies grew at a compound annual growth rate (CAGR) of 11 per cent during FY16-26, according to a report by Equirus Securities.

Sectoral revenues during the period rose nearly three-fold to about ₹5 lakh crore during the period, according to the report.

It noted that exports have more than tripled over the past decade and have emerged as an important contributor to industry growth alongside rising vehicle content and premiumisation trends. Continue reading “Revenue of auto ancillary firms grew at 11% CAGR during 2016-26: Report”

Source : PTI | Kerala Cultural Affairs Minister P C Vishnunadh on Thursday said the Priyadarshini scheme would significantly enhance women’s mobility in the state.

The scheme offers free travel for women on KSRTC ordinary buses and is expected to strengthen their economic independence by reducing travel expenses.

Speaking to reporters, Vishnunadh said a study assessing the social impact of the scheme would be conducted, and its findings would be made available one month after its implementation.

Continue reading “Women’s free bus travel scheme to boost mobility, empowerment: Kerala Minister Vishnunadh”

SAN FRANCISCO, (Reuters) – General Motors may scrap plans to use a lower-cost, iron-based battery chemistry that many automakers are using to cut electric-vehicle costs, GM’s head of battery technology ​said.

The Detroit automaker had said it planned to develop lithium-iron phosphate, or LFP, batteries for use ‌in future EV models, and would begin making those batteries in late 2027 at a jointly owned plant in Tennessee. Continue reading “Exclusive: GM may ditch LFP batteries for future EVs”

BRUSSELS, (Reuters) – (This June 10 story has been corrected to say that Estonia and Denmark have also approved Tesla’s driver assistance software, in paragraph 4)

Tesla Full Self-Driving supervised driver assistance software has been authorised ​in Belgium, Annick De ​Ridder, the transport minister of ⁠Flanders region said on Wednesday ​in a post on X.

“I ​just signed the approval,” she said in a post on X featuring ​a picture of an official ​signed document. Continue reading “Tesla gets go-ahead to sell self-driving technology in Belgium”

(Reuters) – Honda Motor America ​is recalling 1,049,883 vehicles in ‌the United States due to a defect in the ​tyre repair kit, ​the National Highway Traffic Safety ⁠Administration (NHTSA) said on Wednesday.

The ​issue involves a faulty sealant ​bottle, in which pressure can build up, potentially causing the ​cap to detach and ​become a projectile, the regulator said. Continue reading “Honda recalls over 1 million US vehicles due to defective tyre kit, NHTSA says”

DETROIT, (Reuters) – The United Auto Workers has ​reached a deal with axle supplier ‌Dauch Corp after a 10-day strike against the company at its Three Rivers, Michigan, plant, ​union President Shawn Fain said on ​Wednesday.

• Dauch, formerly known as American Axle, ⁠supplies axles to General Motors’ full-size ​and midsize trucks from the plant.
• Members of ​UAW Local 2093 will soon vote on the new agreement with the company that includes a ​top wage rate of $30 per hour ​by 2030, a more than 36% increase in four ‌years, ⁠said Josh Jager, bargaining chairman for Local 2093.
• The strike will continue until the contract is ratified, the UAW said.
• Workers at ​the Dauch ​plant ⁠in 2008 agreed to accept lower wages. Since then, the top ​wage has increased by $4 to $22 ​per ⁠hour, Jager said.
• A Dauch spokesperson said in a statement: “We appreciate the efforts of both ⁠the ​UAW and Dauch labor ​negotiations teams to find common ground.”

Continue reading “UAW reaches deal with Dauch Corp after 10-day strike”

BEIJING, (Reuters) – China’s northeastern city of Changchun, home to the country’s oldest automaker ​FAW Group, has released a draft ‌plan through 2030 to revamp its decades-old auto sector, aiming to attract electric-vehicle makers ​such as BYD and Xiaomi.

Here are ​key points from the draft plan:

• China’s ⁠domestic auto industry is expected to ​consolidate significantly, with the number of automaker ​groups projected to fall to about 15 by 2030 from the current 71, according to the ​draft released earlier this week by ​the city’s industry and information technology bureau.
• FAW Group ‌has ⁠experienced a decline in production and sales in recent years, increasing the likelihood of restructuring pressure on the state-owned enterprise.
• Changchun ​plans to ​leverage FAW’s ⁠headquarters presence to attract partners such as Leapmotor to introduce ​new vehicle models.
• The city is targeting ​high-growth ⁠automakers including BYD and Xiaomi to set up northern production bases, smart vehicle ⁠R&D ​centres, or key component ​projects to diversify its industrial base.

Continue reading “China’s Changchun unveils auto revamp plan, seeks BYD and Xiaomi to boost EV push”

Summary

• Uber says New York City law shields dangerous drivers and fraudsters
• Law slated to take effect on July 28
• New York City reviewing Uber’s complaint
• Uber faces ​3,571 lawsuits over driver conduct

NEW YORK, (Reuters) – Uber Technologies sued New York City to ‌block enforcement of a new law that it said would unconstitutionally force it to keep drivers it does not want on its platform.

In a complaint filed late on Tuesday night, Uber said the law against “wrongful deactivations” would improperly shield drivers who ​engage in dangerous, threatening or other inappropriate behavior, threatening public safety and causing “immediate and irreparable harm” by ​undermining the company’s reputation and goodwill. Continue reading “Uber sues New York City over ‘reckless’ driver protection law”

Source : PTI | More than 55,000 challans were issued and over 3,100 vehicles were impounded or towed during a week-long anti-encroachment and unauthorised parking drive conducted to decongest pavements and roads and ease traffic flow.

The Delhi Traffic Police said on Wednesday that the action was taken at 144 locations across Delhi between June 1 and June 7, with intensive operations carried out from June 3 to June 6 in all traffic circles and ranges in coordination with the MCD.

Continue reading “Over 55,000 challans issued as traffic police, MCD crack down on encroachments, illegal parking”