The MoU marks a significant step towards strengthening India’s organised pre-owned commercial vehicle market through technology, transparency, and nationwide reach.

July 17, 2026 | New Delhi: Shriram Automall India Limited (SAMIL), India’s Largest Phygital Marketplace for Pre-owned Vehicles, Equipment, and Other Assets has entered into a strategic partnership with Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturers, through the signing of a Memorandum of Understanding (MoU). The collaboration aims to create a structured, transparent, and efficient marketplace for certified pre-owned Ashok Leyland commercial vehicles, making quality mobility solutions more accessible to customers across the country. Continue reading “SAMIL AND ASHOK LEYLAND partner to strengthen india’s pre-owned commercial vehicle ecosystem”

Summary

• Second-quarter sales rose 2.3%, after logistics issues cut first-quarter volumes 3.3%
• Renault brand sales in Europe grew 2.6%, helped by electric R5
• Renault is prioritising retail buyers over low-margin rental fleet sales

PARIS, (Reuters) – Renault Group sales rebounded ‌in the second quarter as strong demand for its Renault 5 electric vehicle helped the French automaker resist mounting pressure from Chinese rivals rapidly expanding across Europe. Continue reading “Renault’s hit EV helps fend off Chinese rivals as quarterly sales rebound”

Source : PTI | By producing more EVs, China aims to reduce its reliance on imported oil from countries such as Iran, Russia and Venezuela. It also hopes to leapfrog countries that historically have dominated the global car manufacturing industry, including Germany, Japan and the US. In September 2020, the Chinese government folded these objectives into a national decarbonisation strategy.

In 2025, more than half of the new cars sold in China were EVs. And Chinese-made vehicles are gaining traction around the world. In the United Kingdom, more than 30 per centof the new cars sold in 2025 were EVs. In Norway, EV sales surged to represent more than 95 per centof the country’s total car sales in 2025. Continue reading “Chinese companies are taking over the EV market. What’s behind their meteoric rise?”

Source : PTI | The state-run KSRTC will launch a pilot women-only ‘Pink Bus’ night service from Thursday to ensure safer travel for women, Transport Minister C P John said.

The state-level launch of the service, introduced in major state routes as part of the UDF government’s 100-day action plan, will be held at the Kerala State Road Transport Corporation (KSRTC) Central Depot here, the minister said in a statement on Wednesday. Continue reading “Kerala to launch women-only night ‘Pink Bus’ service from July 23”

PARIS, (Reuters) – Renault reported a slight drop in sales volumes for the first half of the year ​on Thursday, as rising competition in its key European ‌market from new Chinese rivals curbed growth at some of its brands.

The French automaker, whose sales volumes dipped 3.3% in the first quarter due to logistics ​issues at its low-cost Dacia brand, said it sold 1.17 ​million cars and vans in the first six months ⁠of the year, down 0.4% from the same period of 2025. Continue reading “Renault first-half sales volumes slip on Chinese competition”

Summary

• Q2 operating profit falls 21% on weaker sales, production disruptions, higher costs
• Keeps full-year margin guidance, sees second-half recovery
• Higher raw material costs add 400 bln won in Q2
• Annual margin target remains challenging -analyst

SEOUL, (Reuters) – Hyundai Motor reported a 21% fall in second-quarter operating profit on Thursday, missing analysts’ estimates, as weaker vehicle ‌sales, production disruptions, and higher costs offset support from a weaker won. Continue reading “Hyundai Motor misses Q2 forecast, keeps outlook as it plans new model launches”

(Reuters) – BMW is ‌recalling 318,495 U.S. vehicles as ​an engine ​starter may overheat and catch fire, ⁠the National ​Highway Traffic Safety ​Administration (NHTSA) said on Thursday.

The recall affects certain ​models including ​Toyota Supra, 4 Series ‌Convertible, ⁠4 Series Coupe, 3 Series, X4, and ​X3 ​vehicles. As ⁠part of the remedy, ​dealers will ​replace ⁠the engine starter, free of ⁠charge. Continue reading “BMW to recall over 318,000 US vehicles over starter motor overheating risk”

Summary

• Financing includes £450 million senior secured loan plus £100 million delayed-draw facility
• Shares are down about 44% this year
• CFO Doug Lafferty said funds support ​current and future product plans

(Reuters) – Aston Martin has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment ​Partners, it said on Wednesday, bolstering liquidity at the loss making luxury ​carmaker. Continue reading “Aston Martin secures $735 million financing led by BlackRock-owned HPS Investment Partners”

LISBON/MADRID, (Reuters) – Ford Motor and China’s Geely have struck a landmark deal ​under which the U.S. automaker will sell part of its Almussafes plant near Valencia, ‌paving the way for Geely to manufacture electric vehicles in Spain, ABC newspaper reported on Wednesday.

Citing sources familiar with the matter, ABC said the announcement was expected during a visit to the Almussafes plant on Thursday by Spanish ​Prime Minister Pedro Sanchez and Ford Europe President Jim Baumbick. Continue reading “Ford and Geely strike deal for EV production at Spanish plant, newspaper reports”

Summary

• Tesla’s car-business profitability contracted in second quarter
• Strain on auto profit comes as capital spending surges
• Tesla looks to growth in Full Self Driving to boost profitability

(Reuters) – As Elon Musk pivots to robots and AI, he wants investors to stop thinking of Tesla as simply an automaker. Yet to fund ​those bets, he is relying on a car business that is under mounting pressure, as the company’s second-quarter results on Wednesday showed. Continue reading “As Musk pivots beyond cars, Tesla’s autos engine is under strain”

Summary

• GM raises its 2026 profit outlook by $500 million to $14-$16 billion
• Quarterly EBIT rises to $3.9 billion from roughly $3 billion a year earlier
• GM keeps its forecast for a $2.5 billion to $3.5 billion tariff hit

DETROIT, (Reuters) – General Motors continues to navigate a messy global operating ‌environment – tariffs, rising energy costs and other inflationary pressures – by leaning on an eager American car buyer. Continue reading “GM boosts profit outlook, cites ‘resilient’ consumer demand”

Summary

• Bill would bar sales by automakers more than 15%-owned by Chinese entities
• Provision would apply to Mercedes-Benz, which has nearly 20% Chinese ownership
• Rules cover Bluetooth, Wi-Fi, cellular connectivity and some satellite communications technologies
• Battery management software amendment fails ​as automakers sought changes

(Reuters) – The U.S. Senate Commerce Committee approved legislation on Wednesday to toughen a government ‌ban on Chinese automakers entering the American market that could bar German automaker Mercedes-Benz from selling vehicles in the United States. Continue reading “US Senate panel approves bill cracking down on the sale of Chinese vehicles”

Source : PTI | State-owned NHAI on Monday said residents living within a 20 km radius of an eligible toll plaza can purchase a local pass digitally through the Rajmargyatra Mobile App, allowing unlimited travel through the respective toll plaza during the month.

Earlier, commuters were required to visit the toll plaza physically and submit supporting documents to establish their eligibility. Under the new digital framework, the entire process can now be digitally completed within a few minutes. Continue reading “Residents within 20 km can now buy toll passes online through Rajmargyatra: NHAI”

Source : PTI | Himachal Pradesh government was taking necessary steps to implement the provision extending the maximum operational life of All India Tourist Permit (AITP) vehicles from 12 years to 15 years, said Deputy Chief Minister Mukesh Agnihotri on Tuesday.

The deputy CM, who also holds the portfolio of Transport Department, said that with this, the long-pending demand of AITP taxi operators in Himachal Pradesh has been fulfilled, a statement issued here said. Continue reading “Himachal extends All India Tourist Permit vehicle lifespan to 15 years”

Summary

• Indexes mixed: Dow up 0.5%, S&P 500 flat, Nasdaq down 0.3%
• Super Micro surges after strong business update
• AT&T jumps after strong wireless subscriber additions in Q2
• Alphabet, Tesla to report Q2 results after the bell

(Reuters) – U.S. stock indexes were mixed on Wednesday, as ​weakness in chip shares soured sentiment ahead of the first batch of Big Tech earnings that could decide the ‌durability of Wall Street’s AI-driven rally. Continue reading “Wall St mixed as caution builds ahead of Big Tech earnings”

Summary

• Volkswagen aims to start Level 3 deliveries in China in second half of 2027
• Agreement ​gives CARIZON access to Horizon Robotics’ AI
• Partnership also to boost Level 4 ‌development for robotaxis

BERLIN, (Reuters) – Volkswagen said on Wednesday its China-based automated driving unit CARIZON will deepen its partnership with Horizon Robotics to speed up development of advanced self-driving technologies. Continue reading “Volkswagen’s CARIZON and Horizon Robotics deepen self-driving partnership in China”

BEIJING, (Reuters) – Shanghai authorities said on Wednesday it convened major automakers, dealer groups ​and internet platforms to reinforce compliance ‌requirements as part of a campaign to regulate online information dissemination in the automotive ​sector. Continue reading “Shanghai holds compliance guidance meeting with automakers including Tesla, BYD”

Summary

• Bill would bar sales by automakers more than 15% owned by Chinese entities
• Provision would apply to Mercedes-Benz, which has nearly 20% Chinese ownership
• Rules cover Bluetooth, Wi-Fi, cellular connectivity and some satellite communications technologies
• Battery management ​software remains disputed as automakers push for changes before committee vote

(Reuters) – The U.S. Senate Commerce Committee is set to consider bipartisan legislation to toughen a U.S. government ban on Chinese automakers entering the American market, but some provisions remain under debate ahead of ​an expected vote Wednesday. Continue reading “US Senate panel to vote on Chinese vehicle crackdown bill”

Mumbai, 21 July 2026 – Škoda Auto India has expanded its Slavia range with the Slavia Monte Carlo receiving two new exclusive colour options – Shimla Green and Steel Grey. They are both offered in a distinctive dual-tone finish. Exclusive to just 200 units, these limited colour editions of the Slavia Monte Carlo combine the sedan’s dynamic design and engaging driving experience with the brand’s Rallye Monte Carlo heritage. The addition lends an even stronger visual presence and is aimed at customers seeking a more distinctive and exclusive ownership experience. Continue reading “Limited edition Škoda Slavia Monte Carlo adds new colours”

(Reuters) – Nissan is recalling 168,149 vehicles ​in the U.S., ‌as the Gross Axle Weight Rating (GAWR) ​listed on the ​certification label is incorrect, ⁠which can ​allow the vehicle ​to be overloaded, the National Highway Traffic Safety ​Administration (NHTSA) said ​on Tuesday.

The recall affects certain ‌Nissan ⁠Armada, Infiniti QX56, and QX80 vehicles, the regulator ​said. Continue reading “Nissan to recall about 168,000 US vehicles over incorrect weight rating labels”

(Reuters) – Mobileye Global will supply Stellantis with cloud-driven advanced driver-assistance technology, the Israeli company ​said on Tuesday, as automakers race to meet rising ‌demand for connected safety systems.

The ADAS hardware maker’s shares were up about 6% in premarket trading. Continue reading “Mobileye to supply Stellantis with cloud-based driver assistance technology”

WASHINGTON, (Reuters) – U.S. Treasury ‌Secretary Scott Bessent said on Tuesday that the 50% tariffs on a ​range of imports from ​Canada were “reciprocity” for trade actions by ⁠Ottawa on U.S. dairy, ​alcohol and beverages.

U.S. President Donald Trump ​on Monday announced tariffs on nearly $20 billion worth of Canadian goods over the northern ​neighbor’s retaliatory tariffs on ​U.S. autos, steel, aluminum and liquor and ‌its ⁠high dairy tariffs. Continue reading “US Treasury’s Bessent tells Fox Business 50% Canada tariffs are ‘reciprocity’”

(Reuters) – Tesla on Tuesday expanded its robotaxi service to Orlando and Tampa, as the electric-vehicle ​maker races to prove that it can ‌scale its autonomous ride-hailing business beyond its initial launch markets.

The move comes a day before Tesla reports second-quarter ​earnings, with Wall Street closely watching the ​progress on robotaxis, which underpin much of ⁠the company’s valuation as CEO Elon Musk shifts ​focus toward artificial intelligence, autonomous driving and humanoid ​robots. Continue reading “Tesla expands robotaxi service to Orlando, Tampa ahead of earnings”

Summary

• US, Mexico launch third round of trade deal talks without Canada
• Mexico’s new ambassador to US expects USMCA deal by year-end
• USTR Greer says Trump’s ‘No. 1 goal’ is to lower trade deficits with Mexico and Canada
• Talks in Mexico City to revisit autos content, regional barriers to Chinese goods

MEXICO CITY, (Reuters) – U.S. ​and Mexican trade negotiators launched a third round of bilateral talks on Tuesday to try to revise the North American trade agreement, just as President Donald Trump said ‌he would impose new duties on Canada. Continue reading “US, Mexico resume USMCA trade talks as Trump hits Canada with new tariffs”

Summary

• Heavy outlays target AI infrastructure, robotaxis and Optimus
• Barclays says stronger vehicle operations can help finance AI-related expenditures
• Quarterly update may show first cash burn in over two years

(Reuters) – Tesla is expected to report its first quarterly cash burn in over two ​years on Wednesday, as its spending on AI and robotics soars, intensifying investor scrutiny over when those bets will pay ‌off. Continue reading “Tesla cash burn to test investor faith in AI bets”

Summary

• Rule bans Chinese connectivity software from 2027 models and hardware from model-year 2030
• Eagle Wireless is one of few U.S. suppliers of connectivity modules
• Shifting sourcing away from China can raise module costs by 5% to 15%

SOLON, Ohio, (Reuters) – A nondescript facility south of Cleveland has become an early staging ground for the auto industry’s next supply-chain pivot: replacing vehicle hardware from China. Continue reading “U.S. auto industry races to purge Chinese connected-car hardware amid federal push”

Madhus Garage Equipment, in association with Hunter Engineering, officially launched the Hunter Road Force WalkAway and Hunter Revolution WalkAway for the Indian market during an exclusive customer event held at JW Marriott, Bengaluru, on Jul 15, 2026.

The event was hosted by Madhus Garage Equipment under the leadership of Nikhil B, Managing Director, and Ravi B.M, Chairman, with participation from Tom Gant, Regional Manager, Hunter Engineering, along with customers, dealers, workshop owners, OEM representatives and automotive professionals from across India. Continue reading “Madhus Garage Equipment and Hunter Engineering Launch Road Force WalkAway and Revolution WalkAway in India”

Source : PTI | In less than four months since its launch, the Mukhyamantri Gram Parivahan Yojana has covered 56 of Uttar Pradesh’s 75 districts, where bus services have been launched on rural routes, officials said on Sunday.

The Mukhyamantri Gram Parivahan Yojana was approved during a Cabinet meeting in March. Under the scheme, bus services are being extended to villages and rural routes where regular public transport was previously unavailable. Continue reading “UP rolls out rural bus scheme across 56 districts, deploys 215 mini buses”

Source : PTI | Hinduja group flagship firm Ashok Leyland expects the domestic commercial vehicles market to grow in single digit this fiscal as demand continues to be buoyant despite headwinds due to the West Asia war.

The diesel price hikes have had an impact on demand initially but have now stabilised, Ashok Leyland President MHCV, Sanjeev Kumar, told PTI here.

Continue reading “Ashok Leyland expects single-digit CV industry growth in FY27”

SEOUL, (Reuters) – Samsung Electronics said on Tuesday it ​will set up a robotics division reporting directly ‌to the chief executive to accelerate development and commercialisation in the field and establish robotics as a growth engine.

The South Korean conglomerate ​said the RX, or “Robotics eXperience”, division will oversee its ​mid-to-long-term robotics strategy, core technology development and business ⁠execution, while expanding research capabilities at home and overseas. Continue reading “Samsung Electronics creates robotics division; ex-Hyundai executive to head strategy”

Summary

• Chinese brands captured 17% of Mexico’s new vehicle sales, up from 14% a year earlier and 7% in 2022
• Chinese-brand vehicle sales rose to 137,525 in the first half, distributor data showed
• Deputy Minister Gutierrez said figures misleading, imports are down since tariffs

MEXICO CITY, (Reuters) – Mexican sales of Chinese-brand vehicles jumped nearly 30% in the first six months of the year despite steep ‌tariffs imposed in January that were intended to slow the rise of Asian imports, according to a sales report obtained by Reuters. Continue reading “Chinese car sales in Mexico surge despite new tariffs”

Source : PTI | Delhi Mayor Pravesh Wahi on Saturday flagged off 135 electric sanitation vehicles for the Municipal Corporation of Delhi (MCD), with 46 of them set to join the sanitation fleet in the Rohini zone.

The vehicles will be deployed in the Rohini, Narela, Civil Lines and Keshav Puram zones, the MCD said. Continue reading “Delhi mayor flags off 135 electric sanitation vehicles”

WASHINGTON, (Reuters) – Amazon.com self-driving car unit Zoox said Friday it will recall its fleet of 105 autonomous vehicles because they may ​not detect heavy smoke and could impede emergency personnel.

Last week, the ‌top U.S. auto safety official said self-driving car companies must quickly address a “clear pattern” of driverless vehicles interfering with law enforcement and other first responders that had raised significant safety concerns. Continue reading “Zoox recalls self-driving cars because they may not detect smoke”

Summary

• ASML would need shares at some $2,600 for $1 tril market value
• ASML is nearly sold out of flagship EUV systems for 2027
• Shares trade at 38 times 2027 earnings, above most chipmakers

AMSTERDAM, (Reuters) – The global artificial intelligence boom has propelled ASML to the top of Europe’s stock market, as soaring ​demand for AI computer chips flows to the Dutch company that dominates the market for the equipment needed to make them. Continue reading “Could AI chip boom make ASML Europe’s first trillion-dollar firm?”

(Reuters) – Models of battery electric vehicles (BEVs) became more affordable in Germany ​between 2020 and 2025, data ‌from research organizations the International Council on Clean Transportation and Fraunhofer ISI showed.

The ​average BEV price, however, rose ​during the same period, reflecting a ⁠shift in model offerings toward ​larger, more expensive cars. Continue reading “Electric cars became cheaper in Germany despite rising average prices”

Source : PTI | Himachal Pradesh Deputy Chief Minister Mukesh Agnihotri on Thursday said all formalities regarding the running of electric buses were being completed, and they would be made operational very soon.

Presiding over the 163rd meeting of the board of directors of the Himachal Pradesh Road Transport Corporation (HRTC) here, Agnihotri, who also holds the transport portfolio, said four new e-depots being constructed in the state would also be made functional at the earliest. Continue reading “E-buses, four new depots to become operational soon: Deputy CM Mukesh Agnihotri”

Source : PTI | National Capital Region Transport Corporation (NCRTC) has commissioned a high-capacity electric vehicle (EV) charging station at the New Ashok Nagar Namo Bharat station, expanding its EV charging network to nine stations across the corridor.

The facility, among the largest public ultra-fast EV charging stations in Delhi, has 14 digital charging points, including seven 240 kW chargers, four 360 kW ultra-fast chargers and three 480 kW ultra-fast chargers designed for heavy-duty electric vehicles, according to NCRTC. Continue reading “High-capacity EV charging station opens at New Ashok Nagar Namo Bharat station in Delhi”

Source : PTI | The Goa government plans to offer up to 50 per cent subsidy on electric vehicles for licensed motorcycle pilots and autorickshaw operators to accelerate the state’s transition to clean mobility, Chief Minister Pramod Sawant has said.

Chairing a high-level meeting on Sustainable Transport Strategy, Sawant on Friday directed the Department of New and Renewable Energy to finalise the subsidy scheme and draft a policy to transition industrial establishments to cleaner energy alternatives. Continue reading “Goa govt plans up to 50% subsidy on EVs for bike taxi, autorickshaw operators”

BEIJING, (Reuters) – China’s ​industry ministry on Friday called ‌on automakers to resist “irrational competition” and ensure the safety of cars, ​car parts and assisted ​and autonomous driving systems, a ⁠statement from the ministry ​showed.

• Automakers should search for issues ​in production consistency, reliability and durability, and fully assess safety risks when ​rolling out new designs ​and products, the ministry told key automakers ‌in ⁠a meeting.
• The companies must not engage in “exaggerated or false advertising,” it added.
• The ministry further ​urged companies ​to “strengthen ⁠safety assessments of combined driver-assistance and autonomous ​driving features,” and said ​authorities ⁠will step up oversight and inspection of production consistency and ⁠quality.
• Violators ​will be penalised, ​it said.

Continue reading “China tells automakers to boost safety, quality checks”

Summary

• North America truck orders up 122% after years of weakness
• Volvo raises 2026 European truck market forecast
• Lower R&D spend helps offset U.S. tariffs, higher costs

STOCKHOLM, (Reuters) – Swedish truckmaker Volvo Group reported on Friday a 35% rise in second-quarter profit and said order intake in North America more than doubled after years of sluggish demand. Continue reading “Truckmaker Volvo’s second-quarter profit rises, North America orders jump”