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”

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Top Rated Cars in India 2026 by CarPhD.com CarPhD Continue reading “WAF Auto News | The Auto World This Week (3rd July 2026)”

• By dismantling age-old mobility barriers, Yulu has supported economic inclusion for 12,000+ home service professionals across 12 cities
• Yulu’s low operating costs make mobility affordable and accessible for thousands of women riders, enabling greater economic participation
• Its EVs enable women to take up 25-30% more assignments daily

Bengaluru, July 02, 2026: Access to low-cost mobility is a critical enabler that allows women and people from marginalised communities to work and live with dignity. As a mobility platform operating at the intersection of electric mobility, last-mile logistics, and sustainable livelihoods, Yulu recently announced that its platform has been used by over 12,000 women home service professionals across 12 cities to date. Continue reading “Driving Dignity and Livelihoods: Yulu Empowers 12,000+ Women Home Help Professionals to Date”

Summary

• Shares gain 4%, signaling robust investor confidence
• Lime provides shared electric bikes and scooters

(Reuters) – Uber-backed Lime’s shares rose 4% in its Nasdaq debut on Wednesday, signaling robust investor confidence in the e-scooter and bike operator’s ​business model and valuing the company at about $1.7 billion.

Lime, founded in 2017, is based in San Francisco, and provides ‌short-term rentals of electric bikes and scooters in more than 230 cities worldwide. Continue reading “Uber-backed Lime rides IPO wave to $1.7 billion valuation in Nasdaq debut”

Summary

• Startups use auto, fracking, and pharma tech to cut costs and speed production
• 3D printing slashes rocket motor production time, legacy firms also innovate
• Quality, certification, and scaling remain hurdles for new entrants, experts and executives say

WASHINGTON, (Reuters) – Defense tech startups are repurposing automotive chips and pipes used in fracking — while copying production methods from drugmakers — in an effort to deliver weapons to the Pentagon faster and at lower cost.

Soaring demand for rocket motors used to power missiles and other ​weapons has spurred new thinking about supply chains. Seeking big returns, Silicon Valley-style startups are now taking on defense companies that have long dominated the industry, pulled into the competition by a need for ‌production speed, high volume and lower costs, according to ten industry executives, experts and U.S officials interviewed by Reuters. Continue reading “Defense startups raid auto and fracking sectors for parts to speed weapons output”

Summary

• BYD ‘close’ to deciding on second European site, adviser says
• Spain and France are candidates for brownfield investment

FRANKFURT, (Reuters) – China’s BYD, the world’s largest electric vehicle ‌maker, is close to a decision on taking over an existing European auto plant to speed up its expansion in the region, a senior adviser said on Wednesday.

“The call needs to be made very ​soon,” Alfredo Altavilla, BYD’s special adviser for Europe, told the Reuters Automotive Europe conference ​in Frankfurt, referring to proposed EU ‘Made in Europe’ rules aimed at boosting ⁠local manufacturing. Continue reading “China’s BYD nears decision on second European plant, adviser says”

Summary

• Second-quarter US vehicle sales seen flat at around 4.16 million
• US hybrid sales rose 17% through May, helping overall sales
• Higher-income buyers shrug off economic uncertainty

DETROIT, (Reuters) – Automakers on Wednesday reported steady second-quarter U.S. vehicle sales, despite what normally would be a bleak ​backdrop for the car business.

Since early spring, American consumers have confronted sharply higher gas prices, an uptick in inflation, unease over jobs, and jitters over the Iran ‌war. And yet, U.S. vehicle sales in the first half of the year declined just 3% year over year, according to Omdia Automotive. Continue reading “US car sales on cruise control despite pressures”

(Reuters) – General Motors on ​Wednesday reported ‌a 4.2% drop ​in U.S. ​auto sales during ⁠the ​second quarter, ​as inflationary pressures kept some ​new ​vehicle buyers at bay.

The ‌automaker ⁠notched quarterly sales of ​714,896 ​units ⁠compared with 746,588 ​units ​a ⁠year earlier. Continue reading “GM’s second-quarter US auto sales fall 4%”

Summary

• Wayve has raised $2.8 billion from investors including Nvidia, Mercedes-Benz and Nissan
• Wayve plans to put its system in Stellantis robotaxis on Uber’s network
• Nissan is assessing Wayve’s safety approach before a planned rollout in Japan by March 2028
• July 1 (Reuters) – Autonomous-driving startup Wayve is riding a tide of investor interest.

The London-based company has pulled in $2.8 billion from a roster of investors and strategic partners that includes big names across ​the technology and automotive sectors, from Nvidia to Mercedes-Benz and Nissan. In June, Wayve said it will deploy its system in robotaxis from Jeep maker Stellantis to go on ‌Uber’s ride-hailing network.

Wayve uses an artificial-intelligence technology called end-to-end machine learning to navigate roadways, which is supposed to instantly translate sensor-generated data into driving decisions, much like a human driver. That differs from a more traditional approach, which melds AI with software coding and high-definition maps to create preset rules for how the car should respond in different scenarios, including unforeseen events. Continue reading “Wayve courts automakers with AI driving system that learns like humans”

Summary

• Nissan CEO touts vehicle quality, new models in U.S. turnaround effort
• Nissan veering away from rental-car sales in bid to lift brand image
• A hybrid version of Rogue SUV is planned for late this year

(Reuters) – Nissan CEO Ivan Espinosa was pleased when the automaker reported Wednesday that its second-quarter U.S. vehicle ‌sales ticked higher. But he knows there’s still a long way to go.

Espinosa, who took the top job at the Japanese automaker in April 2025, has made the U.S. a core piece of his revival strategy. Nissan’s U.S. market share hovers just ​above 6%, down from around 9% a decade ago. Continue reading “Nissan CEO’s US mission: shed rental-car image”

Source : PTI | KPIT Technologies on Tuesday said it expects the financial performance for Q1 FY27 to be lower-than-expected previously, owing to a sudden drop in revenues over the last few weeks.

It warned of an expected decline of about one per cent in USD-reported revenues for Q1 FY27 as compared to Q1 FY26, primarily due to “sudden actions by some European OEMs triggered by their recent profit warnings and adverse business outlook”.

Continue reading “KPIT Tech warns of lower-than-expected Q1 FY27 financial performance”

Source : PTI | India imported 4.93 million barrels per day (bpd) of crude oil in June, the highest volume for the month on record, despite geopolitical tensions in West Asia, according to data and analysis from energy intelligence firm Kpler.

Russian crude imports rose to around 2.6 million bpd during the month, reinforcing Russia’s position as India’s largest oil supplier, Kpler analyst Sumit Ritolia said. Continue reading “India imported record crude volumes in June despite West Asia tensions”

Bangalore, July 2026: Toyota Kirloskar Motor (TKM) today announced its sales performance for the month of June 2026 with 31,016 units, reflecting a growth of 7% compared to 28,869 units sold in June 2025. This includes 28,441 units sold in the domestic market and 2,575 units exported.

Continue reading “Toyota Kirloskar Motor Registers 31,016 Units Sales in June 2026”

New Delhi, June 2026: Maruti Suzuki India Limited (“Maruti Suzuki”) has onboarded five startups: MiniMines, Easework AI, Sarvam AI, Siftly and CodeMate AI to co-create solutions across multiple business areas to enhance operational efficiency and elevate customer experience.

The selected startups are winners of the 5th cohort of the Maruti Suzuki Incubation Program (MSIP). MSIP is organized in partnership with IIM Bangalore’s incubation hub for entrepreneurship and startup support, NSRCEL (Nadathur S. Raghavan Centre for Entrepreneurial Learning). Continue reading “Maruti Suzuki collaborates with 5 startups”

Source : PTI | Under the new electric vehicle (EV) policy, the Delhi government aims to reduce air pollution from commercial vehicles by offering special incentives for both small and large trucks.

According to officials, a government study from 2018 found that 33 per cent of the vehicular pollution is from commercial goods carriers.

Continue reading “Delhi’s new EV policy envisions ‘truck revolution’, infrastructure problems remain”

Source : PTI | New Delhi: Delhi’s electric mobility transition is increasingly being driven by two-wheelers, with electric scooters and motorcycles accounting for nearly four in every 10 electric vehicles registered in the city.

According to Envirocatalysts, a research and advisory think tank, the city had 4.30 lakh registered electric vehicles till this year, of which nearly 1.70 lakh, or almost 40 per cent, were electric two-wheelers.

Continue reading “Nearly 4 in 10 Delhi EVs are two-wheelers, data shows; experts back EV adoption”

Source : PTI | Schools in the national capital on Monday said they will begin planning a phased transition of their bus fleets to electric vehicles in line with the Delhi government’s EV Policy 2026.

Welcoming the policy, some schools are preparing to ask transport contractors to induct EV buses, while others are assessing operational requirements before switching. Continue reading “Delhi schools plan phased shift to electric buses under EV Policy”

Source : PTI | Pune-based Force Motors on Tuesday said it has signed an initial pact with the Ministry of Road Transport & Highways (MoRTH) to participate in the central government’s commercial vehicle replacement schemeDelhi-NCR.

As a participant, the company will support the implementation of the scheme through its authorised dealership network in Delhi-NCR and extend the prescribed Original Equipment Manufacturer (OEM) benefits to eligible customers in accordance with the scheme guidelines, Force Motors said. Continue reading “Force Motors joins Centre’s commercial vehicle replacement scheme for Delhi-NCR”

Source : PTI | Chauffeured car rental and mobility solutions provider Mann Fleet Partners has filed draft papers with markets regulator Sebi to garner funds through an Initial Public Offering (IPO).

The proposed IPO comprises a fresh issue of 60.12 lakh equity shares and an Offer-For-Sale (OFS) of up to 19.10 lakh equity shares by promoters and individual shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. Continue reading “Mann Fleet Partners files IPO papers with Sebi”

Summary

• Swiss seeking trade deal with US after initial November accord
• Announcement comes as Swiss president travels to US
• Steps should streamline access for US products

ZURICH, (Reuters) – Switzerland plans further steps to ‌underpin commitments made in a preliminary U.S. tariff deal last year, including streamlining recognition of American standards for cars and medical devices, the government said late on Monday.

As it seeks ​to formalise a trade agreement with Washington, Switzerland’s governing Federal Council said ​the measures also included facilitating recognition for U.S. conformity assessment bodies ⁠and government procurement. Continue reading “Swiss to ease recognition of US standards for cars, medical devices as trade deal sought”

(Reuters) – Tesla is expected to report a 5% rise in vehicle deliveries on Thursday for the second quarter.

The gain is likely ​to stem from higher demand in Europe, where a sharp ‌jump in fuel prices has pushed consumers to choose battery-powered cars.

While demand in China is expected to be stable, U.S. sales are still pressured by ​the expiry of the $7,500 Biden-era federal EV tax credit in ​September. Continue reading “Tesla Q2 deliveries expected to rebound as Europe sales recover”

Summary

• China leads substitution push, with government support and EV makers
• Analysts say substitution is gradual, limited by efficiency and emissions
• See Factbox on substitution and companies involved read more

LONDON/SHANGHAI/BEIJING/DETROIT, (Reuters) – Ferrari and BMW are rolling out new models featuring lightweight, cost-effective aluminium wiring, accelerating a shift away from copper, the dominant material in electric wiring since the invention of the electric ​battery two centuries ago.

The decisions follow similar moves by Tesla and Chinese EV makers and reflect a broader industry trend forecast to affect around 2% of global copper demand ‌this year, according to JPMorgan. Continue reading “Ferrari and BMW join Tesla, China in switch from copper to cheaper aluminium”

A cinematic convergence of motorsport heritage and India’s vanguard cultural artistry

• The Ultimate Surrender: The all-new Škoda Kodiaq RS challenges drivers to ‘Surrender’ to a masterclass in driving—fusing 50 years of track-bred RS engineering and 125 years of motorsport dominance with advanced 4×4 capability and apex luxury.
• Engineering Meets Artistry: This landmark collaboration weaponises the raw, all-terrain power of the Kodiaq RS alongside the progressive sitar strings of Rishab Rikhiram Sharma, delivering an unforgettable sensory duet of machine, melody, and terrain.

India,  June 2026 – Škoda Auto India has shattered the conventional automotive launch playbook, unveiling an evocative creative collaboration with global sitar virtuoso Rishab Rikhiram Sharma to mark the arrival of the highly anticipated, all-new Kodiaq RS. Debuting at a defining moment for the brand, which celebrates a dual milestone of 125 years in motorsport and over five decades of the iconic RS racing pedigree, the collaboration offers a cinematic experience that seamlessly intertwines precision engineering with the burgeoning popularity of Indian neo-classical music artistry. Continue reading “Rishab Rikhiram Sharma And Škoda Orchestrate A Masterclass In Speed And Strings”