Source : PTI | In a far-reaching move, the Delhi government on Saturday proposed a hugely reformist electric vehicle policy, which includes zero registration fee and road tax on EVs priced up to 30 lakh, massive proliferation of charging stations and a ₹1 lakh incentive on purchase of new EVs upon scrapping old vehicles.

The draft policy, which also requires at least 10 per cent of school buses to be electrically powered within two years, is largely aimed at reducing vehicular emissions, which have made Delhi one of the most polluted cities in the world.

Continue reading “Delhi’s push for clear air: No tax on EVs up to ₹30 lakh, only electric 2-wheelers from Apr 2028”

Source : PTI | The national capital saw a 29 per cent rise in electric vehicle registrations in 2025-26 compared to the previous year, while petrol vehicle registrations continued to grow, data analysed by Envirocatalysts has showed.

Experts say the new electric vehicle (EV) policy and recent trends point to a further increase in EV purchases in the coming years. Continue reading “EV registrations jump 29% in Delhi, petrol vehicles still dominate: Analysis”

(Reuters) – Hyundai Motor ​America is recalling 294,128 vehicles ‌in the U.S. due to a defect that could ​cause seat belt ​anchors to detach, the U.S. ⁠National Highway Traffic Safety ​Administration said on Friday.

Here are ​some details:

• The recall covers Hyundai Ioniq 6, Genesis G90, Hyundai ​Santa Fe, and Hyundai ​Santa Fe Hybrid vehicles, the NHTSA ‌said.
• A ⁠detached seat belt anchor may fail to properly restrain an occupant, increasing ​the risk ​of ⁠injury in a crash, according to the ​auto regulator.
• The agency ​said ⁠that dealers will inspect and reinforce or replace ⁠the ​seat belt anchors, ​as necessary.

Continue reading “Hyundai to recall over 294,000 US vehicles over seat belt anchor defect”

Summary

• SpaceX’s IPO would vault it to the top of many valuation categories
• But some fans say standard thinking about the firm’s peers overstates its risk
• They contend the key factor is SpaceX’s competitive position in hot markets
• NEW YORK, (Reuters) – Wall Street is reaching for some unusual yardsticks to price Elon Musk’s SpaceX.

At least one of SpaceX’s large institutional investors is privately benchmarking the rocket and satellite company not against aerospace rivals like Boeing (BA.N), opens new tab or telecom giants like AT&T but against market darling Palantir Technologies and AI infrastructure plays like GE Vernova and Vertiv – in a bid to ​justify a $1.75 trillion valuation ahead of what could be the largest IPO in history.

The framework, described to Reuters for the first time by a source familiar with the company’s thinking, illustrates the unusual challenge of pricing a company with no obvious ‌public peers – and the lengths to which Wall Street is going to rationalize a premium valuation. Continue reading “The unconventional logic behind SpaceX’s $1.75 trillion price tag”

Summary

• Indian state raises minimum wages in first such move after Iran crisis
• Disrupted gas supplies mean higher food prices, workers say
• Protests in Indian auto hub had triggered widespread concerns
• Some companies are offering meals, bonuses to keep staff

MANESAR, India, (Reuters) – India’s auto-making state of Haryana ordered a 35% hike ​in minimum wages on Friday, after factory workers boycotted work and staged protests this week over rising living costs as a result ‌of the U.S.-Israeli war on Iran.

Haryana’s government said it was raising the minimum wage for unskilled workers to $165 per month, from roughly $120, effective April 1, a move that helps workers but will raise cost pressures for India’s auto industry at a time of rising input prices and supply chain disruptions. Continue reading “Indian auto hub hikes minimum wage after protests over soaring costs due to Iran war”

Summary

• Nod comes after 18 months of testing and analysis
• Dutch regulator to seek broader European approval
• Wider adoption in Europe likely to boost Tesla vehicle sales -analyst

AMSTERDAM/SAN FRANCISCO, (Reuters) – Dutch regulators approved the use ​of Tesla’s self-driving software with required human supervision on highways and city streets in a European first for the electric ‌car maker, which hopes to see similar action from the rest of the European Union.

Wide FSD adoption is central to Tesla’s growth strategy. Much of the company’s $1 trillion valuation hinges on Chief Executive Elon Musk’s bet that artificial‑intelligence-driven self‑driving software and robotaxis will become a major revenue stream. Continue reading “Tesla’s supervised self-driving software gets Dutch okay, first in Europe”

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Summary

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

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

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

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

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

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

Summary

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

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

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

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

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

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

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

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

Here ​are some details:

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

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

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

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

Summary

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Summary

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

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

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

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

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

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

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

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

Here are some details:

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

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

Summary

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

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

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

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

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

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

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

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

Summary

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Summary

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

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

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

Summary

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

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

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