SYDNEY – The European Union and Australia finalised a long-awaited free trade deal on Tuesday as the bloc seeks to diversify its export markets and expand ties beyond its traditional partners.

OVERALL BENEFITS

Both sides will eliminate tariffs on almost 100% of EU exports of goods, with the exception of certain steel products and some EU ‌farm produce. The European Commission says EU exports to Australia will be spared 1 billion euros ($1.2 billion) of Australian duties, and the value of those exports should rise by a third over 10 years. Australia says the agreement will be worth about A$10 billion ($7 billion) annually to its economy. Continue reading “Highlights of EU-Australia trade agreement”

Summary

• SpaceX, Tesla to build advanced chip factories in Austin, Texas
• Terafab project involves SpaceX, xAI, and Tesla collaboration
• Musk says global chip output meets only 3% of his companies’ future needs

LOS ANGELES,Reuters) – SpaceX and Tesla (TSLA.O) will ‌build two advanced chip factories at a sprawling facility in Austin, Texas, one to power cars and humanoid robots, and another designed for artificial intelligence data centers in space, CEO Elon Musk said on Sunday. Continue reading “Musk says SpaceX and Tesla to build advanced chip factories in Austin”

Summary

• Chinese open-source AI overtaking US models in data collection, report says
• China best positioned to benefit from shift towards physical AI
• Some Western firms prefer low-cost Chinese models

BEIJING, (Reuters) – The dominance of China’s open-source artificial intelligence is creating a “self-reinforcing competitive advantage”, allowing it to challenge U.S. rivals despite restricted access to advanced AI chips, a U.S. congressional ‌advisory body said on Monday. Continue reading “China’s open-source dominance threatens US AI lead, US advisory body warns”

Summary

• Deal removes over 99% of tariffs on EU exports
• Zero import tariffs for Australian critical minerals
• Australian farmers say deal has not delivered commercially meaningful access

SYDNEY, (Reuters) – Australia and the European Union signed a trade deal on Tuesday that was eight years in the making, removing tariffs for almost all ‌European goods and for nearly all exports of Australian critical minerals. Continue reading “Australia and EU seal trade deal, seek to cut reliance on China for critical minerals”

Summary

• Hyundai says recalls 58,000 Palisade SUVs in Korea
• Hyundai stopped sales of higher-end Palisade SUVs after death of 2-year-old girl in Ohio
• Hyundai reports two injuries in South Korea, in addition to four reported to U.S. regulator
• Palisade is Hyundai’s top-selling SUV in ‌Korea

SEOUL, (Reuters) – South Korea’s transport ministry announced on Tuesday the recall of 58,000 Hyundai Motor (005380.KS) Palisade hybrid sport utility vehicles nationwide over safety concerns, following a fatal accident in the United States earlier this month. Continue reading “Hyundai recalls 58,000 Palisade SUVs in South Korea due to automatic seat problem”

Summary

• Survey shows 40% of US consumers support Chinese auto imports
• Political opposition in U.S. remains strong
• Average cost of new autos in the U.S. nears $50,000

DETROIT, (Reuters) – Sooren Moosavy wants to buy an affordable electric car in the U.S., motivated by environmental concerns and a preference for the EV’s smoother ride. But the 28-year-old Baltimore resident’s search has brought him to a trio of vehicles that are essentially unavailable – because they’re from Chinese automakers. Continue reading “Some US car buyers envy what they cannot have – affordable Chinese EVs”

(Reuters) – New car sales in Europe rose in February after falling in January, while sustained demand for electric vehicles helped Elon Musk’s all-electric brand Tesla (TSLA.O) resume growth for the first time since ‌December 2024, official data showed on Tuesday.

Overall car registrations, a proxy for sales, in the European Union, Britain and the European Free Trade Association were up 1.7% to 979,321 vehicles sold in the month, according to the European auto lobby ACEA. Continue reading “European car sales rise modestly in February, Tesla reverses year-long skid”

(Reuters) – Ford Motor (F.N) is ‌recalling 254,640 SUVs in the U.S. over software issues that may result in the loss of rearview camera image and some advanced ⁠driver assistance (ADAS) features, the U.S. National Highway Traffic Safety Administration said on Tuesday.

Here are some details:

• The recall includes Lincoln Navigator, Lincoln Nautilus, Lincoln Aviator and Ford Explorer SUVs, ‌according ⁠to the NHTSA.
• An unexpected reset of an image processing software may cause loss of ⁠ADAS features like pre-collision assist, lane-keeping assist, and blind-spot monitoring. Continue reading “Ford to recall over 254,000 SUVs in the US due to software issues, NHTSA says”

Source : PTI | In a bid to strengthen the EV infrastructure, the Delhi government is likely to urge vehicle manufacturers to sup charging stations under its new EV policy, a senior government official said on Friday.

With the existing electric vehicle (EV) policy set to lapse by March-end, the government plans to finalise and notify the revised policy by then, looking to table the policy in the upcoming budget session. Continue reading “Delhi government eyes private push to expand EV infrastructure ahead of policy rollout”

Source : PTI | With West Asia in turmoil and crude oil prices rising, the All India Distillers’ Association (AIDA) has offered to supply ethanol blends exceeding 20 per cent with petrol, saying the move could proportionally reduce India’s dependence on imported crude oil.

In a letter to Union Minister for Road Transport and Highways Nitin Gadkari, AIDA Deputy Director General Bharati Balaji said the ethanol industry was prepared to go beyond the E20 target already achieved by the country. Continue reading “Ethanol industry ready to supply more than 20% blending, can cut crude import bill: AIDA”

WASHINGTON, (Reuters) – Hyundai Motor said on Friday it ​has reports of four minor injuries because rear power seats in ‌new Palisade SUVs may trap a person as sales remained halted after an incident earlier this month in which a two-year-old girl was killed in Ohio.

Hyundai said on March 17 it ​was recalling 68,500 new Palisade SUVs in the United States and Canada ​over an issue with power seats following the child’s death on ⁠March 7. Continue reading “Hyundai says four more injuries tied to SUV rear power seat recall”

Summary

• NHTSA finds no defect in Tesla’s pedal misapplication claims
• Tesla’s regenerative braking common in electric vehicles, NHTSA says
• Petition sought recall of Tesla vehicles produced since 2013

(Reuters) – The U.S. auto safety regulator on Friday rejected a petition seeking a ‌sweeping recall of about 2.26 million Tesla vehicles, saying it had found no evidence of a safety-related defect.

The decision removes the immediate risk of a large-scale recall for Tesla, but regulatory overhang remains as ​authorities continue to scrutinize its Full Self-Driving driver-assistance system. Continue reading “US regulator closes defect petition covering over 2 million Tesla vehicles”

(Reuters) – Electric vehicle startup Faraday Future said on Sunday ​the U.S. Securities and Exchange Commission ‌has concluded its investigation into the company with no action against it.

The closure would help ​the California-based company to pursue ​strategic financing and partnerships, after compliance ⁠concerns during the probe made it ​difficult to work with major banks and ​investors, the company said. Continue reading “US SEC concludes four-year-old probe into EV startup Faraday Future with no action”

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Mumbai, March 21, 2026 – Škoda Auto India has announced prices and the start of customer deliveries for the refreshed and upgraded new Kushaq. Unveiled in January this year, the new Kushaq moves the goalposts when it comes to value, safety, driving dynamics and furthers the brand’s strategy of democratising European technology across the range. With segment-first technologies like an all-new eight-speed torque converter automatic transmission, Rear Seat Massager, and numerous all-new features as well as standard equipment, the new Kushaq 1.0 TSI and new Kushaq 1.5 TSI both follow Škoda Auto India’s strategy of making European engineering and 5-star safety more accessible on Indian roads. The new Kushaq is available across five trims: Classic+, Signature, Sportline, Prestige and Monte Carlo, offering a choice of turbocharged petrol engines paired with manual and real automatic transmissions. Customers have a choice between eight colours – Candy White, Carbon Steel, Brilliant Silver, Lava Blue, and Deep Black – including three all-new ones: Shimla Green, Steel Grey, and Cherry Red.  Continue reading “Škoda Auto India redefines value, performance and safety with launch of the “Easy to Love” new Kushaq”

Summary

• Tesla eyeing purchase of equipment to manufacture solar panels, cells from China
• Some equipment would require export approval from Beijing
• China’s Suzhou Maxwell among potential candidates
• Tesla aims to add 100 GW of solar capacity

(Reuters) – Tesla is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies two people familiar with the matter said, ​as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States.

Musk said in January that solar power could meet all of the electricity needs ‌of the United States – including the ever-increasing demand from a growing number of data centres. Job postings on the Tesla website said it aims to deploy 100 GW of “solar manufacturing from raw materials on American soil before the end of 2028”. Continue reading “Exclusive: Tesla in talks with Chinese firms to buy $2.9 billion worth of solar equipment, sources say”

BEIJING, (Reuters) – Electric vehicle maker Xpeng said on Friday it ​aims to double overseas sales this year ‌to raise the contribution from international markets to 20% of revenue, as it prepares to launch its G6 ​and G9 models in Mexico on ​March 25.

The Mexico launch marks the company’s latest ⁠step in an overseas expansion drive as ​Chinese EV makers look abroad for growth amid ​intense competition and slowing demand at home. Continue reading “Electric car maker Xpeng aims to double overseas sales, to launch EVs in Mexico”

Summary

• NHTSA finds no defect in Tesla’s pedal misapplication claims
• Tesla’s regenerative braking common in electric vehicles, NHTSA says
• Petition sought recall of Tesla vehicles produced since 2013

(Reuters) – The U.S. auto safety regulator on Friday rejected a petition seeking a ‌sweeping recall of about 2.26 million Tesla vehicles, saying it had found no evidence of a safety-related defect.

The decision removes the immediate risk of a large-scale recall for Tesla, but regulatory overhang remains as ​authorities continue to scrutinize its Full Self-Driving driver-assistance system. Continue reading “US regulator closes defect petition covering over 2 million Tesla vehicles”

Source : PTI | New Delhi: The Centre on Thursday said it has sold a record 200 mineral blocks in 2025-26, the highest ever in a single year, with Tamil Nadu conducting auctions for the first time and Uttarakhand entering the fray by selling its maiden magnesite block.

Out of the 200 auctioned blocks, 123 are mining lease blocks and 77 are composite licence blocks, indicating a balanced mix of operational and exploration-focused opportunities.

Additionally, notices inviting tenders (NITs) for 70 mineral blocks — 38 mining leases (ML) and 32 composite licences (CL) — are currently underway which is likely to further boost the total number of successful auctions in the financial year. Continue reading “Centre auctions record 200 mineral blocks in FY26, highest ever”

Summary

• FedEx shares rise 9% after hours on upbeat profit forecast
• Expects full-year revenue growth of 6.0% to 6.5% YoY
• FedEx monitoring Middle East conflict, no material impact yet, CEO says

(Reuters) – Global delivery company FedEx said on Thursday that global demand is holding steady at the start of March despite the ​war in Iran, while fuel surcharges are sheltering profits from surging fuel costs.

U.S. and Israeli attacks on Iran quickly spiraled into a regional conflict that ‌has turned parts of the Middle East into disaster zones. The world is monitoring the impact on global businesses and FedEx is seen as an important barometer of business activity. Continue reading “FedEx CEO says global demand holding amid Iran war, annual profit outlook up on record holiday profit”

Summary

• Cancelled plan for first fully electric car in 2030
• Revenue up 3.3% in 2025, deliveries at record 10,747 cars
• Operating income slipped last year, margin fell to 24%
• U.S. tariffs, FX swings and EV ​plan revision costs weigh

MILAN, (Reuters) – Italian sports carmaker Lamborghini on Thursday ‌reported weaker 2025 earnings despite record revenue, after U.S. tariffs, currency moves and charges related to scrapping its announced first fully electric vehicle weighed on the results.

Revenue at the Volkswagen-owned luxury brand rose 3.3% to 3.2 billion euros ($3.7 ​billion) as deliveries hit a record 10,747 units. But operating income slipped to 768 million ​euros from 835 million euros in 2024. Continue reading “Lamborghini 2025 profit dented by US tariffs and EV U-turn”

Summary

• Uber to deploy 10,000 Rivian robotaxis starting in 2028
• Initial $300 million investment committed; $1.25 billion subject to milestones
• Uber has an option to buy 40,000 more robotaxis in 2030

SAN FRANCISCO,(Reuters) – Uber will invest up to $1.25 billion in electric vehicle maker ‌Rivian as part of a deal in which the ride-hailing firm will start deploying 10,000 fully autonomous R2 SUVs as robotaxis from 2028, the companies said on Thursday.

San Francisco-based Uber will make an initial investment of $300 million, and will fund the remaining ​amount through 2031, subject to Rivian meeting certain autonomous milestones, the companies said. Continue reading “Uber to invest up to $1.25 billion in Rivian as part of robotaxi deal”

Summary

• India most exposed to conflict due to energy reliance on Gulf nations
• Suppliers to Maruti, Tata, Mahindra warn gas shortages to hit production
• S&P cuts India’s 2026 light vehicle production forecast to 6.3% from 7.4% earlier
• Disruption comes as car sales in India ​touch record high

NEW DELHI, (Reuters) – India’s automakers and parts suppliers are bracing for production slowdowns and assembly-line disruptions as ‌the Iran conflict chokes gas availability, threatening growth in the world’s third-largest car market.

Some parts suppliers to India’s leading carmakers like Maruti Suzuki, Tata Motors and Mahindra are already reporting a shortage of gas to power operations, an early sign that supply chain issues are developing, according to two dozen executives at car companies, part makers and dealers. Continue reading “India’s auto boom at risk as Iran-Israel war chokes gas supplies, straining supply chains”

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Source : PTI | Financial services firm Navi on Tuesday announced its foray into the motor insurance segment with the launch of a fully digital, zero-commission offering for cars and two-wheelers.

The direct-to-customer product, available on the Navi app, eliminates intermediary commissions to offer competitive and transparent pricing, the company said in a statement. Continue reading “Navi forays into motor insurance with zero-commission digital offering”

WASHINGTON, (Reuters) – The chair of the House Transportation and Infrastructure Committee wants to collect funds ​from electric vehicles to help pay for U.S. highway repairs ‌as part of a surface transportation bill.

Representative Sam Graves, a Republican, said he plans to take up a multi-year bill in early April. Last year, House Republicans ​proposed a new $250 annual fee on EVs and $100 for hybrid EVs ​but it was not included in a massive tax and ⁠spending bill. The current five-year surface transportation law expires on September ​30. Continue reading “US House transport committee head wants to collect EV fees for highway repairs”

(Reuters) – General Motors hasn’t seen much ​shift in sales following gas ‌price increases as a result of the war in Iran, the ​automaker’s finance chief said on ​Wednesday.

CFO Paul Jacobson said weather and ⁠lower inventory, especially of trucks ​while GM is prepping to ​launch new full-size versions, affected first-quarter sales more than other factors. Continue reading “GM says gas price hikes not impacting sales”

Summary

• Gasoline price hikes from Iran conflict are hitting car market
• Early signs of rising interest in EVs amid gasoline-price surge
• Shifts in car-shopping patterns take sustained high prices, experts say

GUILDFORD, England/RICHMOND, Virginia, (Reuters) – The rising price of gasoline from the Iran war has triggered angst and uncertainty for carmakers, dealers and vehicle owners at the pump. For Martin Miller, it presents an opportunity.

Miller owns a ​used electric-car dealership southwest of London and logged his busiest Saturday ever one week after the war began on February 28 with the bombing of Iran by Israel and ‌the United States. The conflict has disrupted shipping in the Strait of Hormuz, through which roughly 20% of global oil supplies are transported. Continue reading “Gasoline price hike from Iran war could push consumers toward EVs, hybrids”

MUNICH, Germany, (Reuters) – Prices are stabilising in China after a period of heavy discounting in the electric ​vehicle market, BMW sales chief Jochen Goller said ‌on Wednesday.

He was speaking after the German premium carmaker revealed its new i3 all-electric sedan, the latest launch on BMW’s ‘Neue ​Klasse’ technology platform, with which the company plans ​to overhaul its model lineup to catch up ⁠in a rapidly changing and tech-driven auto market. Continue reading “BMW eyes stabilisation in China with latest ‘Neue Klasse’ launch”

Summary

• GWM considers sharing or acquiring a plant in South Africa
• Talks held with Mercedes-Benz and Nissan for plant options
• GWM expands in plug-in hybrid vehicle market with Haval ​H6

JOHANNESBURG,(Reuters) – Chinese automaker Great Wall Motor (GWM)is weighing whether to share a ‌manufacturing facility with another carmaker in South Africa or acquire an existing plant if available and has held talks with Mercedes-Benz as it considers its options, regional executives said on Wednesday.

Chinese automakers seeking global growth have built more car factories in ​overseas markets to protect themselves as foreign regulators consider imposing measures against imports of Chinese-made vehicles. Continue reading “Great Wall Motor eyes plant options in South Africa”

(Reuters) – Billionaire Elon Musk said late on Wednesday that his companies ​SpaceX AI and Tesla expect to ‌continue ordering Nvidia chips at scale.

• Tesla is designing its fifth-generation AI chip to power ​its autonomous ambitions. The chips ​power Tesla’s autonomous driving systems, including ⁠the Full Self-Driving software.
• In a separate ​post on X, Musk said that the AI5 ​chip can be used for training in data centers but is primarily optimized for AI ​edge compute in humanoid robot Optimus and ​Robotaxi.
• The Tesla CEO also said that the company expects a wide ‌release ⁠of an update to its Full Self-Driving (Supervised) software in a few weeks.
• Musk said last Saturday that Tesla’s Terafab project ​to make ​artificial ⁠intelligence chips will launch in seven days.
• Last month, SpaceX acquired xAI in ​an all-stock deal ahead of ​a ⁠potential blockbuster initial public offering for SpaceX later this year. This is Musk’s ⁠first ​post referring to the combined entity ​as SpaceX AI.

Continue reading “Musk says SpaceX AI, Tesla will keep ordering Nvidia chips at scale”

Source : PTI | As many as 85 under-construction national highway projects are facing a delay of over three years on account of multiple reasons, including legal and land acquisition issues, Parliament was informed on Wednesday.

The government has undertaken various initiatives to prevent recurrence of delays and cost escalations, Road, Transport and Highways Minister Nitin Gadkari said in a written reply to the Rajya Sabha.

Continue reading “85 under-construction national highway projects face delay of over 3 years”

Source : PTI | PepsiCo India on Wednesday announced the launch of an ‘EV Green Corridor’ on the Kosi-Pataudi (UP-Haryana) route to increase its green logistics network as part of efforts to reduce emissions across its supply chain.

The dedicated ‘EV Green Corridor’ on the Kosi-Pataudi route developed in collaboration with Kalyani Powertrain Ltd, an arm of Bharat Forge Ltd, will operate with eight 32-feet single-axle Re-Powered electric container trucks, the company said in a statement. Continue reading “PepsiCo India launches dedicated ‘EV Green Corridor’”

Marelli, a global technology supplier to the automotive industry, has developed with Amazon Web Services (AWS) next-generation, AI-driven System Test Generation (STG) Agent that automates one of the most critical and work-intensive steps in the validation process: the generation of system test cases from engineering system requirements. This marks a much-needed advancement in the validation cycle – as vehicle platforms are becoming increasingly software defined, engineering teams must manage large volumes of requirements, engineering data and system specifications while ensuring full consistency and traceability.

The STG Agent, developed with the expertise of the AWS Generative AI Innovation Center using Amazon Nova foundation models, Amazon Bedrock Knowledge Bases, and the Strands Agents framework, is a pioneering solution that helps Marelli to improve efficiency and boost consistency in how product features are validated against customer requirements. The new tool aims to reduce validation time and to achieve stronger alignment between system requirements and validated product behaviors. This may help vehicle makers to accelerate product development especially for software-defined vehicles and to deliver new functionalities with greater reliability. The solution is also designed for seamless integration with requirement management tools, supporting compatibility with existing automotive engineering workflows. Continue reading “Marelli and AWS pioneer AI-based system for validation of software-defined vehicle solutions”

• BYD India now operates 48 showrooms across 40 cities
• The new 9,000 sft spacious PPS BYD showroom at Moti Nagar can display 7 cars

New Delhi, India March 18, 2026 : BYD India, a subsidiary of BYD and the world’s No. 1 NEV (New Energy Vehicle) manufacturer, today announced the inauguration of its 48th showroom in India and sixth showroom in Delhi NCR, located in Moti Nagar. The new facility, the largest BYD showroom in India, has been launched in partnership with PPS Motors Pvt. Ltd., marking the sixth BYD showroom operated by PPS Motors apart from four service workshops in 3 states in India and further strengthening the brand’s retail presence in the region. Continue reading “BYD India expands national network to 48; PPS Motors inaugurates India’s largest BYD showroom in Delhi”

• Introductory price of INR 10.29 Lakh available via R-Pass pre-booking until March 31, 2026
• Flexible subscription options and a 7-year Renault Forever warranty
• Strong Hybrid bookings receive exceptional response; full 2026 allocation sold out

New Delhi: Renault India, the wholly owned subsidiary of Frech carmaker – Renault Group, today announced the launch of the all-new Renault Duster, with turbo petrol prices starting at INR 10.49 Lakh (ex-showroom Delhi) and dispatches now underway nationwide. Built on the advanced Renault Group Modular Platform (RGMP), the new Renault Duster has been developed with a clear focus on structural robustness, efficiency and future-readiness. Its true SUV proportions, best in segment approach and departure angles and high ground clearance reinforce off-road credibility while supporting everyday usability. Continue reading “New Renault Duster Launched in India; Turbo Petrol Price Starts at INR 10.49 Lakh, Dispatches Begin Nationwide”

PTI | All restrictions imposed in Delhi-NCR under the Graded Response Action Plan (GRAP) have been revoked after a significant improvement in air quality, officials said on Monday.

The Commission for Air Quality Management (CAQM) said that owing to favourable meteorological conditions, the air quality index (AQI) of Delhi was recorded at 119 on Monday. Continue reading “All restrictions under GRAP in Delhi-NCR revoked as air quality improves significantly”

(Reuters) – Shares of Samsung Electronics (005930.KS), rose as much as 5% on Tuesday after Nvidia (NVDA.O), CEO Jensen Huang said ‌the South Korean company was producing Nvidia’s new artificial intelligence chips.

The news fuelled expectations that Samsung’s foundry division, which makes logic chips for customers including Tesla (TSLA.O), Apple (AAPL.O) and Samsung’s phone division, may be able to turn around as early as next year after posting ⁠billions of dollars in annual losses in recent years, analysts said. Continue reading “Samsung shares rise after Nvidia’s Huang flags tie-up on new AI chips”

WASHINGTON, (Reuters) – The U.S. government on Monday said electric vehicle maker Tesla (TSLA.O), and South Korea’s LG Energy Solution (373220.KS), had signed a supply agreement to ‌build a $4.3 billion lithium iron phosphate (LFP) prismatic battery cell manufacturing facility in Lansing, Michigan, with an expected production launch in 2027.

“American-made cells will power Tesla’s Megapack 3 energy storage systems produced in Houston, creating a robust ⁠domestic battery supply chain,” the U.S. Department of the Interior said in a statement on Monday. Continue reading “US government confirms Tesla and LG Energy Solution’s $4.3 billion battery deal”

WASHINGTON, (Reuters) – A group of 20 state attorneys general said on Monday the Trump administration proposal to boost American parts and components in federally funded electric vehicle ‌charging stations would effectively make the $5 billion program unusable.

The attorneys general from states including California, Colorado, Arizona, New York, Virginia, Illinois and Michigan, said the U.S. Transportation Department proposal to hike so-called “Buy America” requirements from 55% to 100% would make it “impossible for manufacturers to achieve, frustrate congressional intent, and impair the public interest by slowing or halting federally funded EV ⁠charger deployment nationwide.”

Continue reading “Trump proposal would make $5 billion US EV charger fund unusable, Democrats say”