Mumbai, 08 July 2026: Škoda Auto Volkswagen India Private Limited today announced a leadership transition in its Sales, Marketing and Digital function. Jan Bures, Executive Director – Sales, Marketing and Digital, Škoda Auto Volkswagen India, will complete his global assignment in India. While continuing with the Group, he will take on a new role at Volkswagen AG, effective September 2026. Škoda Auto Volkswagen India sincerely thanks Jan Bures for his contributions towards the Group’s growth in India and wishes him continued success in his new assignment at Volkswagen AG.

Following this transition, Piyush Arora, Managing Director & CEO, Škoda Auto Volkswagen India will assume the additional responsibility of Executive Director for Sales & Marketing for the Group in India. This enhanced leadership structure is aimed at strengthening strategic alignment, accelerating decision-making, and driving greater accountability across the organisation. Continue reading “Škoda Auto Volkswagen India Announces Leadership Transition in Sales and Marketing Division”

Source : PTI | Union Home Minister Amit Shah and Delhi Chief Minister Rekha Gupta on Tuesday flagged off 300 electric buses to strengthen the city’s public transport infrastructure.

The duo also laid the foundation stone for a multi-level bus depot at an event organised in south Delhi’s RK Puram.

“Today, 300 buses have been flagged off, and the foundation stone has been laid for a multi-level bus depot to strengthen the city’s public transportation and clean mobility,” Shah said. Continue reading “Amit Shah, Rekha Gupta flag off 300 e-buses in Delhi, EV push gathers pace”

Source : PTI | New Delhi: Amid criticism of the mandate for E20 petrol (20 per cent ethanol-blended) sales and complaints about reduced fuel efficiency of vehicles, Union Minister Nitin Gadkari on Tuesday dared critics to identify a single car that faced problems due to the mixed fuel.

Addressing the ‘Viksit Bharat Conclave’ here, Gadkari further said that India’s dependence on fossil fuels is both an economic burden – as ₹22 lakh crore is spent annually on fuel imports – and an environmental hazard, making clean energy adoption crucial for the nation’s progress. Continue reading “Name any car that faced issues due to ethanol-blended petrol: Nitin Gadkari”

(Reuters) – Ford is recalling 110,626 Mustang vehicles in the U.S. ​in two separate recalls over ‌malfunctioning windshield wipers and a rear differential pinion shaft that may ​fracture, the U.S. National ​Highway Traffic Safety Administration said ⁠on Tuesday.

• Ford will recall 67,842 ​Mustang and Mustang GTD vehicles ​because in certain cold temperature conditions, the windshield wipers may function only ​at their high-speed setting and ​the washing system may fail to function ‌properly, ⁠NHTSA said.
• Separately, Ford is recalling 42,784 Mustang Mach-E vehicles because the rear differential pinion ​shaft may ​fracture, ⁠resulting in loss of drive power or unintended ​movement if the vehicle ​is ⁠parked without the parking brake applied.
• Dealers will repair or replace ⁠the ​damaged parts free ​of charge, NHTSA added.

Continue reading “Ford to recall over 110,000 US vehicles over wiper, pinion shaft issues, NHTSA says”

SAO PAULO, (Reuters) – Brazilian auto ​sales this year are expected to ‌reach the highest level since 2014, automakers association Anfavea said on Tuesday, while ​also increasing production estimates, despite a ​decline in the June figures.

• The outlook ⁠for Brazil’s 2026 auto sales ​increased by about 9% from a previous ​estimate to around 3 million units, which would represent a 12.1% rise from 2025 ​and the highest level since ​2014.
• The new estimate for Brazil’s 2026 auto production ‌rose ⁠by around 2% to nearly 2.8 million units, meaning 5.8% growth from last year.
• Brazil’s 2026 auto exports projection ​was ​cut by ⁠13.8% to some 462,000 units, a 12.8% fall from ​2025.
• Sales were down 0.8% in June ​to ⁠272,474 units, while production fell 3.0% to 246,015 units.

Continue reading “Brazil’s 2026 auto sales seen at highest since 2014, auto association says”

Summary

• GM to export first China-developed Buick, use Xiao Yao platform in next Cadillac Optiq , source says
• Legacy automakers tap China R&D expertise to stay competitive
• China-built AUDI E5 outsells locally adapted Mercedes CLA in China
• Shift toward China-led innovation also sparks some concerns

SHANGHAI, (Reuters) – In May, General Motors marked a rare milestone for a foreign automaker in China, selling more than 10,000 of its new Buick Electra E7 in the first month.

While the nameplate is all-American, everything ​else about the car is Chinese — it was developed entirely at the technical centre GM runs with local partner SAIC. Continue reading “From factory to tech frontier: China becomes legacy automakers’ innovation engine”

Source : PTI | Industry body Assocham has sought reduction in basic customs duty and correction of inverted duty structure on critical raw materials for the aluminium industry as high import duties is a huge disadvantage for the sector heavily dependent on imported raw materials.

In its pre-Budget memorandum 2023-34, Assocham said high import duty on raw materials results in Indian finished goods getting costlier and uncompetitive in international markets, rendering negative protection against cheaper imports of finished products, and discourages domestic value addition within the country. Continue reading “Reduce basic customs duty on critical raw materials for aluminium sector: Assocham”

Source : PTI | Japan’s Suzuki Motor Corporation-backed Next Bharat Ventures IFSC Pvt Ltd on Monday announced the launch of its second fund of ₹2,000 crore, aimed to support startups across sectors, including agriculture, financial inclusion, healthcare and AI for social good in India.

Earlier, through its first ₹340 crore fund, Next Bharat Ventures (NBV) invested in over 20 ‘impact organisations’. Continue reading “Suzuki Motor backs ₹2,000 crore fund to drive innovation in India”

Source : PTI | Goa’s iconic two-wheeler taxi service, popularly known as “motorcycle pilots”, has gone digital with the state government on Monday launching a mobile application that allows commuters to locate and book rides online.

Chief Minister Pramod Sawant launched the ‘Mhaje Driver App’, bringing the Portuguese-era mode of transport onto a technology-driven platform.

Continue reading “Goa govt launches booking app for iconic motorcycle taxi service”

Summary

• VW supervisory board to discuss landmark restructuring on July 9
• Plan marks CEO’s second attempt at far-reaching overhaul
• Labour representatives hold most seats on supervisory board

LONDON/BERLIN, (Reuters) – Volkswagen CEO Oliver Blume faces perhaps the biggest test of his leadership this week: persuading the German carmaker’s supervisory board to accept painful job ​cuts and factory closures as it struggles to fend off Chinese rivals. Continue reading “Volkswagen CEO faces acid test from unions over swingeing job cut plans”

PARIS, (Reuters) – Renault Group is achieving better margins on its compact electric R5 than ​larger models like the Megane or Scenic, ‌CEO Francois Provost told French business daily Les Echos on Monday. Continue reading “Renault making higher profits on compact electric models than Megane, says CEO”

(Reuters) – Micron Technology and Ford Motor on Monday signed a long-term agreement to secure the ​supply for memory and storage platforms used ‌in the automaker’s next-generation vehicle production.

This comes days after Micron’s similar agreement with General Motors as part of the ​chipmaker’s ongoing investments to expand manufacturing in ​the United States for automotive customers, including ⁠its expansion of advanced DRAM production in Virginia. Continue reading “Micron, Ford sign semiconductor supply agreement for vehicles”

WASHINGTON, (Reuters) – Toyota Motor Corp said on Monday it will build a new $3.6 billion auto ​plant in Texas and shift some truck production to the United ‌States from Mexico.

The Japanese automaker said the new 2.5-million-square-foot building will be located on its San Antonio manufacturing campus and will open by 2030, creating 2,000 jobs. The company said it will ​move production of its mid-size Tacoma pickup truck from its Baja ​California plant in Mexico to Texas when the factory is completed. Continue reading “Toyota to build $3.6 billion Texas plant, shift some truck production from Mexico”

(Reuters) – Shares of ​Rivian slipped 9% in extended trading on Monday after the electric-vehicle ‌maker launched an offer to sell 75 million shares, even as it forecast second-quarter revenue above analysts’ estimates.

Based on Monday’s close of $20.14 per Rivian share, the company would raise $1.5 billion. Rivian ​said in a filing that it plans to use the proceeds ​to fund equity contributions as part of a loan ⁠agreement with the U.S. Department of Energy. Continue reading “Rivian’s shares fall after public offering plan overshadows upbeat revenue forecast”

• Effective July 1st, 2026, Jean-Luc Terrasse is CEO of Valeo Light Division and Group Executive Vice President
• With over 30 years of industrial experience across Europe and South America, he brings deep strategic and operational expertise to this key cornerstone of future mobility

Paris, France – July 2026 – Christophe Périllat, CEO of Valeo, has appointed Jean-Luc Terrasse as Chief Executive Officer of Valeo Light Division and Group Executive Vice-President, effective July 1, 2026. He reports directly to Christophe Périllat and is a member of the Executive Committee. Continue reading “Jean-Luc Terrasse is appointed CEO of Valeo Light Division and Group Executive Vice President”

Bengaluru, July 6, 2026: Autoverse Mobility, India’s fast-growing B2B platform for independent garages, announced two strategic initiatives; Autoverse Quick Commerce Program and the Autoverse Franchisee Program, designed to improve operational efficiency and accelerate business growth for the Indian independent garage ecosystem. These initiatives were launched at the Garage Leadership Summit 2026 hosted by the company, bringing together over 100 independent garage owners, automotive experts, technology leaders and aftermarket stakeholders to discuss the future of India’s rapidly evolving automotive service ecosystem. Continue reading “Autoverse Mobility launches two strategic initiatives; Autoverse Quick Commerce Program and Autoverse Franchisee Program”

Source : PTI | Union Minister H D Kumaraswamy on Saturday chaired a meeting of leading electric two-wheeler manufacturers and held wide-ranging discussions on strengthening indigenous manufacturing, officials said.

The discussions focused on building a robust, innovation-driven and globally competitive electric mobility ecosystem in the country, they added. Continue reading “Kumaraswamy held meeting with electric two-wheeler manufacturers”

Source : PTI | Chief Minister Rekha Gupta on Friday launched a portal to claim subsidies under the recently launched Delhi Electric Vehicle Policy 2026.

The Delhi EV Subsidy Portal (https://evsubsidy.delhi.gov.in) provides information about the essential documents such as Aadhaar, the vehicle Registration Certificate (RC) and Voter ID which would be required. Continue reading “Delhi launches EV subsidy portal under new policy to boost adoption”

(Reuters) – Tesla said on Friday its robotaxi was available in Miami, as ​the electric vehicle maker looks to ‌expand its autonomous ride-hailing operations.

The expansion highlights Tesla’s efforts to increase adoption of its ​self-driving software, a version of which ​it uses in the robotaxis and ⁠a key part of CEO Elon ​Musk’s shift from EVs to AI and ​robotics.

“Robotaxi now available in Miami,” Tesla’s official robotaxi account said in a post on X. Continue reading “Tesla rolls out robotaxi service in Miami”

Summary

• 12Cilindri Manuale has price tag of €590,000
• Special series model planned with 1,499 cars
• Launch comes weeks after debut of divisive Luce EV
• Ferrari lineup features wide mix of petrol, hybrid models

MILAN, (Reuters) – Ferrari launched a limited-edition 12-cylinder model with a manual gearbox on ‌Friday, appealing to traditional fans of roaring petrol engines and hands-on driving after the mixed initial reception for its first electric vehicle. Continue reading “Ferrari appeals to traditionalists with new V12 manual gearbox limited edition”

Summary

• About 230 buses in deployed V2G projects can supply 8 megawatt-hours, WRI data shows
• At least 31 utilities in 21 states are involved in school bus V2G projects, WRI says
• Oakland school district’s 74-bus project could generate 2.1 gigawatt-hours of electricity annually

LOS ANGELES, (Reuters) – Schools are out for the summer, but the batteries in more than 200 ​electric school buses are helping some people in the U.S. find relief when temperatures soar. Continue reading “Electric school buses tapped to shore up fragile US power grids during summer heat”

JOHANNESBURG, (Reuters) – China’s Chery formally took over Nissan’s car manufacturing plant in Rosslyn on Friday under a deal that was announced in January, and executives ​said the company will spend millions of dollars upgrading and adding machinery ‌ahead of starting vehicle production in South Africa in mid-2027.

Chery said in a statement it wants to establish South Africa as its African hub for manufacturing, exports, research and development, ​and regional operations. Continue reading “China’s Chery takes over former Nissan car factory in South Africa”

Summary

• NAND maker has become beneficiary of AI boom
• Kioxia has developed next-generation memory with Sandisk
• Japan aims to rebuild its once-mighty chip industry
• Chipmaker’s shares volatile in recent days

KITAKAMI, Japan, (Reuters) – Kioxia ​on Friday held a ceremony at its fab in northern Japan as the chipmaker, whose shares have rocketed due to ‌the AI investment boom, begins shipping samples of its next-generation memory. Continue reading “Kioxia ships next-gen memory samples as AI boom fuels dramatic comeback”

(Reuters) – Lucid Group missed second-quarter delivery estimates on Thursday and named Alexander De Bock as its new finance ​chief, the latest leadership change at the struggling electric-vehicle maker ‌since it appointed a new CEO in April.

Shares of the Newark, California-based EV maker fell 2.3%. The company’s stock has declined about 38% so far this year. Continue reading “Lucid names new CFO in latest executive shakeup, misses quarterly delivery estimates”

BEIJING, (Reuters) – Chinese electric vehicle maker BYD posted a second consecutive month of global sales growth in June, as ​a surge in exports helped offset weak demand in its home ‌market.

Total sales rose 5.5% from a year earlier to 403,472 vehicles last month, according to Reuters calculations based on a stock exchange filing on Wednesday. That followed a 0.3% ​increase in May, which ended an eight-month run of declines. Continue reading “BYD’s sales rise for second month, buoyed by exports”

Summary

• Company beats Q2 delivery estimates
• Delivery vans, R1 models fuel growth
• Affordable R2 seen expanding customer base

(Reuters) – Rivian Automotive ​raised its annual delivery forecast on Thursday, betting on strong demand ‌for its R1 models and electric delivery vans as well as its cheaper new R2 SUVs, sending the company’s shares over 10% higher. Continue reading “EV maker Rivian raises 2026 delivery forecast on strong demand, shares soar”

Summary

• Europe rebound followed last year’s slump, partly linked by analysts to Musk’s politics
• Deliveries topped production by over 28,000 vehicles, reducing inventory buildup
• Tesla will report quarterly results on July 22 after markets close
• Co expects to spend more than $25 billion on capital expenditure in 2026

(Reuters) – Tesla on Thursday ​posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the electric vehicle ‌maker can end its two-year streak of annual declines. Continue reading “Tesla quarterly deliveries set record; European recovery raises hopes of annual growth”

Summary

• Jeep will give 100 Wranglers to residents named George Washington if the US wins World Cup
• America-first ads also help carmakers align with Trump’s manufacturing focus
• GM staged a Corvette stunt at Indianapolis Motor Speedway

DETROIT, (Reuters) – U.S. automakers have long infused their marketing campaigns with American pride and imagery. ​But this summer’s combination of the nation’s 250th birthday and World Cup matches taking place on U.S. soil has them ‌going full George Washington. Continue reading “Automakers tap America’s 250th, World Cup to rev up patriotism”

(Reuters) – A Texas man has been charged with manslaughter after driving a Tesla operating with its automated driving assistance system into a suburban Houston home, killing a ​76-year-old grandmother, court papers show.

Michael David Butler, 44, told police he was ‌operating his Model 3 in Full Self-Driving mode on June 19 when he plowed into Martha Avila’s home in Katy, Texas, and told paramedics “the car was on ‘Autopilot,'” according to court papers. Avila ​died later at a nearby hospital. Continue reading “Tesla driver charged with manslaughter over crash into Texas home”

Summary

• Fuel shortages drive jump in Russian EV demand
• Moscow dealer sells 2-3 EVs per day vs 2-3 per month before
• Russia’s size, climate, limited charging network pose challenges

MOSCOW, (Reuters) – A Moscow car dealership is struggling ‌to keep up with demand for new electric vehicles from China as drivers look to sidestep a fuel crisis that has led to long queues and soaring prices across much of Russia. Continue reading “Russian fuel crisis prompts rush for Chinese electric cars”

Summary

• About 230 buses in deployed V2G projects can supply 8 megawatt-hours, WRI data shows
• At least 31 utilities in 21 states are involved in school bus V2G projects, WRI says
• Oakland school district’s 74-bus project could generate 2.1 gigawatt-hours of electricity annually

LOS ANGELES, (Reuters) – Schools are out for the summer, but the batteries in more than 200 ​electric school buses are helping some people in the U.S. find relief when temperatures soar. Continue reading “Electric school buses tapped to shore up fragile US power grids during summer heat”

Source : PTI | Buyers of electric vehicles (EVs) in Delhi will receive subsidies within 60 days of applying for an incentive on their purchase, including two-wheelers priced up to ₹2.25 lakh, as outlined in the new EV Policy.

All purchase incentives for electric two-wheelers, three-wheelers (autos), and four-wheeled goods vehicles that are purchased and registered in Delhi will be disbursed through direct benefit transfers to individual buyers, proprietary firms, agencies, and companies that are residents of Delhi only. Continue reading “Delhi rolls out EV policy 2026 with fast-track subsidies, no incentives for electric cars”

Source : PTI | Japanese two-wheeler maker Suzuki Motorcycle on Thursday said its total vehicle sales in India witnessed a 21 per cent on-year growth in June to 1,15,030 units.

The company had sold a total of 95,244 two-wheelers in May 2025, Suzuki Motorcycle India said.

Continue reading “Suzuki Motorcycle India posts 21% sales growth in June at 1,15,030 units”

Source : PTI | Crude oil price fell by ₹48 to ₹6,477 per barrel in the futures trade on Thursday amid weak global trends.

On the Multi Commodity Exchange, crude oil futures for the July delivery slipped by ₹48, or 0.74 per cent, to ₹6,477 per barrel in a business turnover of 3,883 lots.

Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Continue reading “Crude oil futures slip ₹48 to ₹6,477 on weak global cues”

Source : PTI | Oil marketing companies suffered ₹74,781-crore losses for selling petrol, diesel and LPG below cost for the period up to June 30 when global crude oil prices spiked in the wake of the West Asia conflict, Union Petroleum Minister Hardeep Singh Puri said on Thursday.

International crude oil prices have come down but companies are still processing crude they bought at the height of the West Asia crisis, Puri told reporters.

Oil companies typically buy crude oil — the raw material for producing fuel — at least two months in advance. So, crude oil that is being processed now is essentially what was bought in April or early May when international prices were very high. Continue reading “Oil cos suffered ₹74,781 cr loss on fuel sales amid West Asia crisis: Puri”

Source : PTI | The Ministry of Road Transport and Highways (MoRTH) has proposed amendments to the Automotive Industry Standard (AIS)-125 to strengthen the safety, functionality, and medical capabilities of road ambulances across the country.

Road ambulances are critical in emergency care, facilitating transportation of patients to hospitals and providing advanced life support for critically ill patients.

The ministry on September 8, 2016, had notified standard AIS-125 (Part 1) to ensure compliance with the constructional and functional requirements of road ambulances. Continue reading “Highways ministry proposes amendments to AIS-125 to safety and functionality of ambulances”

Source : PTI | New Delhi: Extending GST liability to subscription-based ride-hailing platforms such as Rapido and Bharat Taxi could reduce driver earnings, curb participation and weaken passenger demand, an Esya Centre report said.

The report, based on a survey of more than 2,100 drivers and passengers across 13 cities, examines subscription or software-as-a-service (SaaS) models used by platforms such as Rapido, Bharat Taxi and similar apps, where drivers typically pay a fixed subscription fee for access to customers and negotiate fares directly with passengers. Continue reading “GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: Report”

Source : PTI | Crude oil prices on Friday rose 0.81 per cent to ₹6,593 per barrel in futures trade amid uncertainties arising from the West Asia crisis.

On the Multi Commodity Exchange, crude oil for July delivery traded higher by ₹53, or 0.81 per cent, at ₹6,593 per barrel in 4,663 lots.

Analysts said with Iran firing missiles at Tel Aviv in retaliation for Israel’s aggression in Lebanon, crude oil prices moved up in futures trade. Continue reading “Crude oil futures rise on spot demand”