Source : PTI | Coworking solutions firm Urban Vault has given on sub-lease 16,000 sq ft office space in Gurugram to Green SM, the electric ride-hailing service backed by Vietnam’s Vingroup.
Bengaluru-based Urban Vault currently has a portfolio of over 2.80 million sq ft, comprising more than 70,000 seats across 80 locations. It primarily has a presence in Bengaluru, Pune and Gurugram. Continue reading “Green SM leases 16,000 sq ft workspace in Gurugram”
ESKILSTUNA, Sweden, (Reuters) – Truckmaker Volvo Group said on Wednesday customer demand and deliveries in Europe are stable at good levels across the business in the second quarter while in North America, demand remains strong with production gradually increasing.
Continue reading “Truckmaker Volvo says demand is good in Europe, strong in North America”
(Reuters) – Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
The recall includes certain Honda Pilot, Ridgeline, Passport, Acura MDX vehicles, the NHTSA said.
The vehicles can experience failure of rear suspension components, such as the rear control arm which could lead to the loss handling and control, increasing the risk of a crash or injury. Continue reading “Honda America recalls more than 880,000 vehicles over rear suspension components failure”
Berlin, (Reuters) – Porsche will not produce a fully electric version of the 911 sports car, Porsche CEO Michael Leiters said at an event hosted by the magazine “Auto, Motor und Sport”, news agency dpa reported on Wednesday.
Continue reading “Porsche won’t produce fully electric 911, dpa cites CEO as saying”
Summary
BRUSSELS, (Reuters) – Renault’s electric vehicle order book is up by 50% in some markets, such as France and Germany, since the Iran war started, the carmaker’s Group CEO Francois Provost told Reuters in an interview on Wednesday.
Provost said Renault had no problems in terms of sourcing batteries but the company was having to work hard to keep up with demand for electric vehicles, and it was setting up a task force to tackle this matter. Continue reading “Renault EV orders have surged in Europe since Iran war began, says CEO”
SHANGHAI, (Reuters) – Wang Chuanfu, chairman of BYD , on Tuesday said he expected the Chinese firm to become the world’s largest automaker within five years, as he sought to reassure investors following a steep decline in the company’s share price.
BYD, which ranked sixth globally in 2025 with 4.6 million vehicles sold, has struggled to restore growth after its domestic sales were hit by intensified competition with local peers over the past year. Shares of the company have dropped more than 45% from their peak in Hong Kong over the past year, while its Shenzhen-listed stock has fallen 33%. Continue reading “BYD chairman says firm will be world’s biggest automaker in 5 years as shares slide”
(Reuters) – Harley-Davidson said on Tuesday it is bringing production of the Revolution Max engine platform for North America back to the U.S.
The motorbike maker uses the engine in its Sportster S, Nightster and Pan America 1250 models. Continue reading “Harley-Davidson to bring Revolution Max production back to US”
Summary
(Reuters) – SpaceX’s landmark listing this week is set to test the “Elon premium” that has made Tesla one of the most highly valued U.S. companies and a must-have among retail investors.
The rocket company led by Elon Musk is targeting a valuation of $1.77 trillion in its record-setting IPO, which would make it the seventh-biggest publicly traded U.S. company by market value.
Musk’s fans contend that his track record makes buying SpaceX shares at the IPO a no-brainer, but some investors and analysts say the expensive multiple it is expected to trade at makes the risk too high. Continue reading “SpaceX’s lofty valuation set to put ‘Elon premium’ to test”
SAN FRANCISCO, (Reuters) – General Motors is releasing a software update that allows some U.S. electric-vehicle owners to pipe power back to the electric grid, another example of car companies pursuing business opportunities in the energy sector.
The update gives owners of GM’s vehicle-to-home energy system, which allows the EV to power the home during a blackout, the expanded capability of feeding electricity to the power grid. However, it remains unclear whether doing so will be popular with drivers, who may also want to keep their cars charged. Continue reading “GM to offer EV owners ability to sell power to US electricity grid”
Summary
TOKYO, (Reuters) – Late last year, a handful of retired Honda Motor executives started meeting privately to discuss the Japanese automaker’s troubles and the person they believed was the cause: Chief Executive Toshihiro Mibe.
Over months of text messages, as well as meetings and meals that sometimes included current executives, they laid out a case against the former engineer, according to a written summary of their discussions reviewed by Reuters and interviews with two participants. Continue reading “How Honda’s old guard tried, and failed, to oust its CEO”
Source : PTI | Vehicles entering the national capital will soon pass through Delhi’s border toll points without stopping as the MCD has initiated introducing a multi-lane free flow toll collection system, reducing traffic and vehicular emissions at the city entry points.
According to the plan, the civic body will upgrade its toll and environmental compensation charge (ECC) collection to an MLFF (Multi-Lane Free Flow) system across its 154 border entry points, officials said on Monday. Continue reading “Barrierless, free-flow toll system soon to ease congestion at Delhi border entry points”
Source : PTI | Crude oil price fell by ₹101 to ₹8,606 per barrel in the futures trade on Tuesday amid weak global trends.
On the Multi Commodity Exchange, crude oil futures for the June delivery slipped by ₹101, or 1.16 per cent, to ₹8,606 per barrel in a business turnover of 6,533 lots.
Analysts said the prices fell after participants offloaded their holdings amid weak demand in the spot market. Continue reading “Crude oil futures fall amid weak global trends”
Source : PTI | The Karnataka government will issue smart cards to women under the Shakti Scheme enabling them to travel free in state-run buses more effectively, according to Transport Minister Byrathi Suresh.
The minister said that more than three crore people in the state are expected to receive these smart cards. Women will receive the cards at no cost, while men can obtain them by paying a fee, similar to a metro card. “These cards will need to be recharged once the balance is exhausted.”
Continue reading “Karnataka govt to issue smart cards for women bus passengers”
Summary
LONDON, (Reuters) – Uber said its users could sign up from Monday for a chance to ride in London’s first robotaxis as soon as regulators give the go-ahead for launch, which it expects in the coming months.
The cars will use AI technology from British startup Wayve to drive themselves round the capital’s streets, but will initially have trained operators sitting behind the wheel monitoring the system, the ride-hailing company said. Continue reading “London’s first robotaxis expected in months, Uber says”
Summary
BEIJING, (Reuters) – China’s car sales extended a downturn in May that has become a stress test for foreign automakers led by Volkswagen which is trying to revive its China business through locally developed electric vehicles.
Sales dropped 22.3% from a year earlier to 1.53 million vehicles last month, marking an eighth consecutive month of decline, data from the China Passenger Car Association (CPCA) showed on Monday. Continue reading “China car sales downturn extends into May as VW tests EV revamp”
DETROIT, (Reuters) – A strike at a major supplier for General Motors’ trucks entered its second week on Monday with the United Auto Workers and Dauch Corp still unable to reach a deal, according to a local union official.
“Unfortunately, we just walked away from the table. The company is trying to play games with words and not providing anything productive,” Josh Jager, bargaining chairman for Local 2093, said in a Monday afternoon statement, adding the union is working on another proposal to give back to the company. Continue reading “Strike at GM axle supplier continues”
Source : PTI | Tata Steel may have to defer the timeline of its 1.25-billion-pound UK project for transitioning to a low-carbon steel-making process by six to eight months, as the company is facing delays in “securing access to electricity”.
As part of its decarbonisation plan, Tata Steel is setting up the UK’s largest low-carbon EAF (electric arc furnace) project of 3.2 million tonnes capacity at Port Talbot with 1.25 billion pounds of investment to replace its now-shut blast furnace plant of similar capacity. Continue reading “Tata Steel says UK plant’s low-emission project facing delays in securing electricity access”
Source : PTI | The fuel price hikes in May saw a noticeable shift in consumer interest towards fuel-efficient and alternative-powertrain vehicles, with dealers reporting a surge in enquiries for such models and electric two-wheeler penetration rising to 9.25 per cent from 6.11 per cent a year ago, FADA said on Monday.
According to the Federation of Automobile Dealers Associations (FADA), India’s overall automobile retail sales climbed 9.55 per cent year-on-year to a record 25.31 lakh units.
Source : PTI | Maharashtra Transport Minister Pratap Sarnaik on Monday warned of strict action against drivers of private buses if the vehicles enter the 200-metre radius around MSRTC bus stands and lure passengers.
After inspecting the central bus stand in Akola city, Sarnaik said IPS-rank officers have been appointed within the Maharashtra State Road Transport Corporation (MSRTC) to ensure that appropriate action, including registering criminal cases, is taken against errant drivers of private buses. Continue reading “Transport minister warns of strict action against private buses soliciting MSRTC passengers”
(Reuters) – J.P. Morgan upgraded Elon Musk-led Tesla to “neutral” from “underweight” on Friday, citing that the electric-vehicle maker’s valuation is increasingly driven by its push into autonomous driving and robotics rather than near-term earnings.
The more optimistic view on Tesla comes as Musk pursues expansion across multiple technology ventures. Musk is also taking SpaceX public in what could become the largest IPO on record, with a valuation of roughly $1.7 trillion, and an expected market debut on June 12. Continue reading “JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth”
Summary
SEOUL, (Reuters) – Nvidia on Monday announced a series of deals in South Korea with tech giants including SK Hynix and Naver as it looks to secure crucial memory chips to power its AI ambitions and entice new customers.
The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on Friday and has seen him dine on grilled pork belly and local spirit soju with the country’s top corporate bosses, throw a baseball pitch and meet with a well-known gamer. Continue reading “Nvidia clinches deals with South Korean giants including SK Group to advance AI boom”
Source : PTI | An association of bus owners in Jharkhand has increased fares by 18 per cent due to increasing fuel costs, officials said on Friday.
The decision was taken after the diesel price crossed ₹100 per litre, they said.
“We last increased bus fares on July 1, 2021. Over the past 59 months, new toll plazas have been established on different routes. Additionally, due to the crisis in West Asia, diesel prices have crossed ₹100 per litre. As a result, owners have been incurring losses. Therefore, we have increased bus fares by 18 per cent,” said Arun Budhia, president of the Jharkhand Bus Owners’ Association.
Continue reading “Jharkhand bus owners’ association increases fares by 18% amid rising fuel costs”
Source : PTI | The country’s largest carmaker Maruti Suzuki India Ltd on Friday said it plans to invest ₹925 crore by FY 2030-31 towards green energy initiatives, including two biogas projects.
The company will set up a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility, which will be commissioned within FY 2026-27, Maruti Suzuki India said in a statement.
As the second initiative, the company has expanded the capacity of the biogas plant at its Manesar facility, from 0.2 TPD to 0.7 TPD, it added. Continue reading “Maruti Suzuki to invest ₹925 crore by FY31 towards green energy initiatives”
Source : PTI | Maharashtra Chief Minister Devendra Fadnavis on Friday asked authorities to draw a redevelopment blueprint for the BEST undertaking, a civic transport and electricity provider in Mumbai, with citizens’ welfare, employees interests and city’s long-term development as its primary focus.
Chairing a meeting on the modernisation of BEST-run bus depots, Fadnavis said the proposed plan should focus on depot redevelopment, staff housing, public amenities and ensuring the transport utility’s long-term financial sustainability.
Summary
SHANGHAI, (Reuters) – China’s major solar panel manufacturers are ramping up higher-margin battery exports to boost revenue as growth in photovoltaic (PV) sales slows, betting on rising global demand for renewable energy storage to cut reliance on fossil fuels.
The sector has been hit by weaker domestic installations, slowing exports and record-low prices, with executives expecting global demand to decline in 2026. Continue reading “China’s solar majors charge into batteries as panel sales falter”
WASHINGTON, (Reuters) – President Donald Trump said on Thursday he met with senior leaders in the auto industry to discuss the ongoing debate over “right-to-repair” legislation.
Trump met with GM CEO Mary Barra, Ford Motor senior executive Andrew Frick and top officials with the National Automobile Dealers Association and the Alliance for Automotive Innovation along with Republican Senator Bernie Moreno, a former auto dealer.
Ford confirmed it took part in the meeting, while the auto groups declined to comment. GM did not respond to a request for comment. Continue reading “Trump meets with auto industry over right-to-repair debate”
(Reuters) – Sika sees growth opportunities in China’s renovation market and infrastructure construction in the U.S., the Swiss construction chemicals manufacturer’s CEO Thomas Hasler said in an interview with Finanz und Wirtschaft published on Friday.
Continue reading “Sika targets growth from China renovation market, global data centres”
New Delhi, June 5, 2026: Marking World Environment Day, the Society of Indian Automobile Manufacturers (SIAM) today organized the 6th International Conference on “Climate Action: Accelerating India’s Transition to a Low-Carbon Future,” reaffirming the Indian automobile industry’s commitment to sustainable development, climate responsibility and low-carbon mobility.
The conference brought together policymakers, industry leaders, academia, research institutions, and sustainability experts to discuss strategies for advancing climate action and accelerating the transition to sustainable mobility. Discussions focused on key decarbonization enablers for the entire automobile value chain, including alternate and low-carbon fuels, circular economy practices, and sustainable manufacturing. Continue reading “SIAM Marks World Environment Day with 6th International Conference on Climate Action and Low-Carbon Mobility”
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The Epicentre of Automotive & Mobility Co’s M&A WAF Continue reading “WAF Auto News | The Auto World This Week (05th June 2026)”
(Reuters) – Britain’s new car sales rose 7.1% in May, the strongest for the month since 2019, driven by resilient retail demand, especially for electric vehicles, according to industry data released on Thursday.
EVs have been gaining ground in Europe as rising fuel costs, largely driven by global oil shocks from the Iran war, steer customers toward alternatives.
Overall new car registrations in Britain rose to 160,662 vehicles last month, the Society of Motor Manufacturers and Traders (SMMT) said. Battery electric vehicles (BEV), the biggest under EVs, climbed 34.2%, the most among all car categories. Continue reading “UK new car sales hit best May since 2019, industry data shows”
Source : PTI | American e-commerce giant Amazon on Thursday said it plans to double to one lakh its electric delivery van fleet across global operations, including India, by the end of 2030.
Amazon, which started rolling out its electric delivery vans in the summer of 2022, has deployed more than 50,000 electric delivery vans globally by the end of 2025.
Besides, Amazon plans to introduce over 1,000 electric light and medium-duty trucks into its operations in India over the next five years, joining the more than 10,000 electric vehicles already on the road, Amazon said. Continue reading “Amazon to deploy 1 lakh e-delivery vans across global operations by 2030, expand India fleet”
Source : PTI | The government is rolling out 50-100 ethanol fuel stations in Delhi-NCR, Pune, Mumbai and Nagpur, with an aim to reduce imports of fossil fuels, Petroleum and Natural Gas Minister Hardeep Singh Puri said on Thursday.
He expressed hope to expand this network of ethanol fuel stations to 500 by the end of 2026.
Speaking on the sidelines of the launch of India’s first flex fuel car by Maruti Suzuki, Puri said he anticipates that by the end of 2027, India will have 5,000 ethanol fuel stations. Continue reading “Govt rolling out 100 ethanol fuel stations in Delhi-NCR, Maharashtra: Puri”
Source : PTI | The Bihar government on Wednesday announced that 200 electric buses will begin operations this month as part of efforts to modernise public transport and promote clean mobility in the state.
The state cabinet had approved ₹517.16 crore on May 6 for the induction of 400 air-conditioned electric buses under the PM e-Bus Sewa Phase-II scheme.
“A total of 400 electric buses will be introduced in six cities—Patna, Muzaffarpur, Gaya, Bhagalpur, Darbhanga and Purnea. In the first phase, 200 buses are scheduled to start operations in June,” Transport Department Secretary Raj Kumar said. Continue reading “Bihar to roll out 200 electric buses in June under clean mobility push”
Bangalore : Toyota Kirloskar Motor (TKM) today announced the launch of the New Innova Crysta, India’s most loved MPV, featuring new bold design elements and added convenience. In line with Toyota’s philosophy of delivering ever better cars and a strong customer‑first approach, the latest upgrade has been thoughtfully designed to meet evolving customer expectations, further strengthening its legacy as a trusted mobility partner for millions of Indian families. Continue reading “Toyota Introduces the New Innova Crysta with Premium Styling and New Design Elements”
Source : PTI | Madhya Pradesh Chief Minister Mohan Yadav on Tuesday said that his government would launch a state-run bus service in phases, and women will be able to travel in these buses by the coming Rakshabandhan festival.
A state transport service plays a very important role in the lives of the poor but the existing service was discontinued during the Congress regime, he told reporters here. Continue reading “Madhya Pradesh government to roll out state-run bus service”
Source : PTI | Digital-first insurer ACKO has strengthened its leadership team with four senior appointments across its auto, health, customer experience and mobility ecosystem businesses as it prepares for the initial public offering (IPO).
The company has appointed Apoorv Kalra, former Chief Product Officer at Junglee Games, to lead its auto business. Kunal Kapur, previously with Meta, will head the health business while Vivek Sharma, founder of Fixcraft, will lead the ACKO Drive Ecosystem. Neha Gupta, formerly with Zepto, has joined to lead the assisted experience. Continue reading “ACKO strengthens leadership team ahead of IPO plans”
Source : PTI | Vehicles without a valid Pollution Under Control Certificate (PUCC) will not be provided fuel at petrol pumps in NCR districts in Uttar Pradesh from October 1 as part of measures to curb air pollution, Chief Secretary S P Goyal said on Wednesday.
Eight districts of UP — Gautam Buddh Nagar, Ghaziabad, Hapur, Bulandshahr, Meerut, Muzaffarnagar, Baghpat and Shamli — are part of the National Capital Region (NCR), which also comprises districts from Haryana, Rajasthan and entire Delhi. Continue reading “No PUC certificate, no fuel from Oct 1; UP targets 35% pollution cut in 2026 in NCR districts”
Source : PTI | The government is examining a policy to support accelerated affordable adoption of E85 fuel (85 per cent ethanol blended petrol) Petroleum and Natural Gas minister Hardeep Singh Puri said on Wednesday.
Addressing an event organised by Hero MotorCorp, Puri further said unveiling of India’s first flex fuel motorcycles fully compatible with ethanol-blended fuels ranging from E20 (20 per cent ethanol blended petrol) to E85 (85 per cent ethanol by Hero MotorCorp is a new chapter in India’s energy history).
DETROIT, (Reuters) – Dozens of workers took to picket lines Monday morning at an axle plant in Michigan that supports production of General Motors trucks, some of the Detroit automaker’s most popular and profitable vehicles.
On Sunday, the United Auto Workers announced that workers at the plant in Three Rivers, Michigan, owned by Dauch Corp, would walk off the job starting Monday. Dauch, formerly named American Axle, is a major supplier of driveline parts. Continue reading “GM supplier strike could impact truck production”
Summary
ATHENS, (Reuters) – Even if the U.S. and Iran agreed to halt the war and open the Strait of Hormuz, ships trapped in the Gulf will be unable to leave without safety assurances, the CEO of V.Group, a leading global ship manager, told Reuters.
Renewed hostilities in the three-month-old conflict are testing a shaky ceasefire while hundreds of ships and about 20,000 seafarers remain stuck in the region with Hormuz largely closed. Continue reading “Strain grows on shipping industry with vessels stuck inside Hormuz”
