Summary

• India’s favourite premium sedan recorded a sale of 2,453 units in Oct’25
• Virtus completes 40 Months in India, registers over 40% segment share in last two months
• India 2.0 Taigun & Virtus record over 1,60,000 unit sales in India till date

Mumbai: Volkswagen India today announced, its leading premium sedan, Virtus has recorded its highest ever monthly sales of 2,453 units in the month of October 2025. With a share of over 40% of the Premium sedan segment in the last two months, the Virtus remains an undisputed leader in the segment. Continue reading “Volkswagen Virtus records highest ever monthly sales in October 2025”

SAN FRANCISCO, (Reuters) – Tesla shareholders will decide on Thursday whether to pay CEO Elon Musk up to $878 billion, the richest executive pay in history by a long shot.

But the high-profile vote is only one of several proposals that could reshape the electric vehicle maker’s future, from the board’s power to whether Tesla should invest in Musk’s artificial intelligence firm xAI. Continue reading “Tesla investors vote on an $878 billion payday for Musk – but that’s not all”

Summary

• Share performance mirrors robotaxi firms’ overseas stock
• Rush of new listings leaves less funds for listing hopefuls
• Hong Kong overtakes NYSE and Nasdaq in listings this year

(Reuters) – Pony Ai and WeRide stocks plunged around 10% each Thursday as the Chinese autonomous driving developers started trading in Hong Kong, with analysts pinning the blame on new-listing oversupply as well as the firms’ overseas share performance.

WeRide shares closed down 10% from their issue price while Pony Ai stock lost 9.3%, after the two companies raised almost $1.2 billion in separate public share offerings. Continue reading “Pony Ai, WeRide shares tank as Hong Kong investors digest rush of listings”

Summary

• Volvo Cars targets profit margin of more than 8%
• Profit margin was 5.6% last year
• CFO says no time frame for target
• Plans collaboration with majority owner Geely
• Expects cost cuts to lift margin

STOCKHOLM, (Reuters) – Volvo Cars said on Thursday it was targeting a long-term operating profit margin of more than 8% as part of its strategy overhaul, which includes reworking its electrification plans and making hybrid cars for longer.

The Swedish automaker last year scrapped its target of going all-electric by 2030, saying it would continue to introduce hybrids amid a slowdown in demand for fully electric vehicles. Continue reading “Volvo Cars ramps up profit margin goal as pursues strategy reset”

Summary

• Japanese automakers invest billions in India to reduce China dependence
• India’s low costs and incentives attract Japanese carmakers
• Toyota, Honda, Suzuki expand production and exports in India

TOKYO, (Reuters) – Toyota, Honda and Suzuki are spending billions of dollars to build new cars and factories in India, a sign of the country’s growing importance as a manufacturing hub as Japanese automakers redraw global supply chains to reduce dependence on China.

Toyota the world’s largest carmaker, and Suzuki the leader in the Indian market with almost a 40% share, have separately announced investments totalling $11 billion to beef up manufacturing and export capabilities in the world’s third-largest auto market. Continue reading “Toyota, Honda turn India into car production hub in pivot away from China”

Summary

• Lucid expects to produce about 18,000 vehicles in 2025
• PIF agrees to increase credit facility to about $2 billion from $750 million
• Lucid expects some relief from 3.75% tariff offset for US-made EVs

SAN FRANCISCO, (Reuters) – Lucid lowered its 2025 production forecast to 18,000 vehicles, interim CEO Marc Winterhoff told Reuters on Wednesday, as the electric-vehicle maker, like many of its rivals, grapples with a slew of supply challenges and production constraints.

Shares of the company fell 3% in extended trading, after it also reported third-quarter revenue below analysts’ estimates and a bigger-than-expected loss, despite a jump in deliveries sparked by the now-expired $7,500 tax credit on EV purchases. Continue reading “EV maker Lucid cuts 2025 production forecast as supply challenges hurt”

DETROIT, (Reuters) – JPMorgan Chase has invested $2 billion during the past 11 years in Detroit to help reduce unemployment and boost growth, CEO Jamie Dimon said in an interview in the city on Wednesday, and the bank plans to roll out the model in other U.S. cities.

The largest U.S. lender’s investments have included $1.8 billion in commercial loans and credit and $200 million in philanthropy. Continue reading “JPMorgan investment in Detroit to model plans for other US cities”

Summary

• CEO Musk might quit if investors vote down $878 billion pay package this week, board says
• Many shareholders believe only Musk can deliver on promises of robotaxis, robots
• Some investors, experts warn of risks in staking Tesla’s future on one leader

LOS ANGELES, (Reuters) – Tesla’s board of directors has pushed in all its chips on Elon Musk. Now investors must decide whether to back the biggest bet in company history.

Shareholders will vote Thursday on the stark choice presented by the board: pay Musk up to $878 billion in company stock or take the risk he will leave – potentially driving down the company’s stock. The decision, experts say, amounts to a referendum on whether traditional corporate-governance rules apply to the world’s richest man. Continue reading “Tesla board to shareholders: Pay Musk or else”

TOKYO, (Reuters) – Nissan Motor has concluded a 97 billion yen ($643 million) deal to sell and lease back its global headquarters in Yokohama, Japan, as part of its business restructuring plans, the automaker said on Thursday.

Nissan expects to book about 73.9 billion yen in extraordinary income from the deal in the current fiscal year running through March 2026, it said in a disclosure. Continue reading “Nissan sells, leases back headquarters in $643 million deal”

Summary

• New platform to be 90 kg lighter, accommodates hybrids and petrol models
• Honda targets 60% parts sharing, modular architecture to cut costs
• Plans to sell 2.2-2.3 mln hybrids by 2030, up from 868,000 last year

HAGA, Japan, (Reuters) – Honda Motor said on Thursday it is developing a platform centred on mid-size hybrid cars and a hybrid system for large vehicles, as the Japanese automaker seeks to boost competitiveness amid a slower shift to fully electric cars.

The new platform, to be deployed in vehicles from 2027 or later, will be designed for hybrids but can also accommodate petrol-only models. Honda said the platform will be about 90 kg (200 lb) lighter than current designs. Continue reading “Honda bets on hybrids with lighter platform for next-generation models”

STOCKHOLM, (Reuters) – Automakers transporting their cars to the U.S. could face $200 to $300 per vehicle in additional costs, the CEO of car carrier Wallenius Wilhelmsen told Reuters on Wednesday, as the company seeks to pass on new U.S. port fees to customers.

Higher-than-expected U.S. port fees on foreign-built ships took effect in mid-October as part of a trade dispute between China and the U.S. That prompted Wallenius Wilhelmsen, which operates “roll-on/roll-off” carriers that ship cars and heavy machinery worldwide, to withdraw its financial outlook. Continue reading “Automakers face higher costs from US port fees, car carrier Wallenius Wilhelmsen warns”

PARIS, (Reuters) – The European Commission aims to announce the creation of a new category of affordable small electric cars in December in an effort to counter Chinese competition and revive the European market, an EU commissioner said on Tuesday.

WHY IT’S IMPORTANT

The Commission has been working on creating an intermediate category between quadricycles that weigh a few hundred kilograms and all other cars, so that small electric vehicles no longer have to include as much safety equipment and technology as a large saloon car. So far, the timeline of such a reform was uncertain. Continue reading “EU plans December announcement to make small EVs more affordable, Sejourne says”

Summary

• Rivian’s Q3 revenue boosted by pre-expiry EV tax incentive rush
• Adjusted net loss smaller than analyst expectations
• Rivian expects tariff costs to fall to a few hundred dollars per vehicle

(Reuters) – Rivian Automotive surpassed third-quarter revenue expectations on Tuesday, fueled by strong deliveries as U.S. consumers rushed to grab a federal tax incentive on electric vehicle purchases before its expiry.

Shares of the Irvine, California-based company rose more than 4% after the bell. Continue reading “Rivian rides on EV tax-credit rush to beat revenue estimate, expects lower tariff costs”

(Reuters) – Tesla’s UK car sales halved year-over-year in October, data from research group New AutoMotive showed on Wednesday, echoing the steep falls the U.S. electric vehicle maker saw in other European countries.

There were only 495 new Tesla UK registrations in the month, down 51% from the 1,013 registrations last year, the data showed. Continue reading “Tesla’s UK car sales halve in October, New Automotive data shows”

Summary

• Nissan to cut Rogue output by 900 cars next week, source says
• Automaker reviewing output plans for following week, source says
• Nissan plans small-scale adjustment for Kyushu, Oppama plants
• Chip shortage stems from Dutch control of China-owned Nexperia

TOKYO, (Reuters) – Nissan Motor will cut production of its top-selling Rogue SUV in Japan from next week due to a short supply of chips from Dutch firm Nexperia, according to a person familiar with the matter, the latest fallout from the diplomatic turmoil involving the chipmaker. Continue reading “Exclusive: Nissan to cut Rogue production in Japan over Nexperia fallout, source says”

Summary

• Norwegian fund opposes Tesla’s general stock compensation plan
• Proxy advisers urge rejection of Musk’s compensation plan
• Musk’s pay package likely to pass despite opposition

OSLO / BOSTON, (Reuters) – Norway’s sovereign wealth fund, Tesla’s sixth-largest outside investor, said on Tuesday it would vote against ratifying a proposed pay deal for CEO Elon Musk potentially worth $1 trillion. Continue reading “Norwegian opposition complicates Musk’s path to $1 trillion pay deal”

WASHINGTON, (Reuters) – Stellantis said Tuesday it is recalling 375,000 plug-in hybrid Jeep Wrangler and Grand Cherokee SUVs worldwide over battery failure after 19 reports of fires, and urged owners to park outdoors until a fix is completed.

The recall covers some 2020 through 2025 Jeep Wrangler 4xe and 2022-2026 Jeep Grand Cherokee 4xe SUVs. Continue reading “Stellantis recalls 375,000 Jeep SUVs over fire risks, urges owners to park outside”

Source : PTI | A Chinese firm this week began trial production of flying cars stated to be the next-generation in the world of transportation, ahead of US firm Tesla and others plans to launch the same shortly.

Xpeng Aeroht, the flying car affiliate of Chinese electric vehicle maker Xpeng on Monday began trial production at the world’s first intelligent factory for mass-produced flying cars — a milestone in the commercialisation of next-generation transport.

Continue reading “China-based company kicks off trial production of flying cars, ahead of Tesla”

Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. Continue reading “Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors”

Source : PTI | The Energy Department of Karnataka through the state-owned BESCOM is aiming to make long highway drives in electric vehicles hassle-free in the state with the proposed installation of charging points.

It is installing charging stations along the Bengaluru-Belagavi National Highway (NH-48) and at 40 other toll points across the state, energy department officials said on Tuesday. Continue reading “BESCOM to install EV charging stations along national and state highways in Karnataka”

Source : PTI | Honda Cars India Ltd on Saturday reported a 15.3 per cent increase in domestic sales at 6,394 units in October as compared to 5,546 units in the same month last year.

The company also exported 4,124 units, bringing its total sales to 10,518 units for the month, Honda Cars India Ltd (HCIL) said in a statement. Continue reading “Honda Cars India domestic sales up 15.3% to 6,394 units in October”

Source : PTI | More than 250 vehicles were returned from Delhi’s borders on Saturday as a ban on the entry of commercial goods vehicles not registered here and compliant with BS-III or lower emission standards came into force in the national capital.

Transport department and traffic police teams have been deployed at Delhi’s borders.

According to official data from the Delhi Traffic Police, 5,325 non-destined vehicles were checked and 256 of those turned back. Continue reading “Over 250 vehicles turned back as Delhi enforces ban on polluting commercial trucks”

Source : PTI | India’s petrol sales surged to a five-month high in October on festive travel boost, but diesel consumption remained flattish, defying the trend, according to preliminary industry data.

Petrol consumption rose 7 per cent year-on-year to 3.65 million tonnes in October, as the onset of festival season increased demand for the fuel. The sales were higher month-on-month as well when compared to 3.4 million tonnes in September.

Continue reading “Festive season drives petrol sales but diesel lag”

Source : PTI | To prevent road accidents and fatalities, the highways ministry has decided to penalise contractors if more than one accident happens in a year on a particular stretch of National Highways, built under the build-operate-transfer (BOT) model, a senior government official said on Sunday.

Road Transport and Highways Secretary V Umashankar said the highways ministry has revised the BOT document, and now contractors will have to undertake crash management and take corrective steps if more than one accident happens in a particular period on a highway stretch built by them under the BOT model.

Continue reading “Highways Ministry to penalise contractors for repeat accidents on NH stretches”

Source : PTI | Amaravati, Diversified conglomerate Hinduja Group has agreed to invest ₹20,000 crore in Andhra Pradesh in phases, following a meeting with Chief Minister N Chandrababu Naidu in London, the state government said on Monday.

Naidu met Ashok Hinduja, Chairman of Hinduja Group India; Prakash Hinduja, Chairman of Hinduja Group Europe; and Shom Hinduja, Founder of Hinduja Renewables, to discuss investment opportunities in the energy and transport sectors. Continue reading “Hinduja Group to invest ₹20,000 cr in Andhra across energy, EV sectors”

PARIS/SHANGHAI, (Reuters) – Renault is in talks with more automakers including China’s Chery to explore partnerships to jointly produce and sell cars, a top executive said.

Fabrice Cambolive, Renault Group’s chief growth officer, told reporters on Friday about the talks while announcing the completion on Monday of a deal in Brazil with China’s Geely.

The move underscores how Renault has been increasingly partnering with other automakers, especially Chinese ones, in global markets to improve the efficiency of its factories worldwide and enhance product competitiveness. Continue reading “Renault in talks with automakers including Chery after Brazil deal with Geely”

Summary

• Tesla sales rise around 2.4% in France in October
• Drop in Norway after rising for several months
• Tesla outsold by Chinese brands in Denmark and Spain

LONDON, (Reuters) – Tesla’s sales plunged in October in a number of European countries including Spain, the Netherlands and Nordic markets in the latest sign that the U.S. electric vehicle maker’s struggles on the continent continue.

Tesla had seen sales rise in a number of European markets in September, after falling for most of this year due to increasing competition to its ageing lineup from newer EV models. Continue reading “Tesla sales resume fall in European markets in October”

SEOUL, (Reuters) – South Korea’s Samsung SDI said on Tuesday it is in talks to supply energy storage batteries to Tesla in an order that Korean media said could be worth more than 3 trillion won ($2.11 billion).

Samsung SDI shares soared more than 8% on the news.

A deal would mark the latest push by Tesla to reduce reliance on China for key parts, fueled by tariffs and geopolitical tensions. Continue reading “Samsung SDI in talks with Tesla to supply energy storage batteries, shares soar”

(Reuters) – Ford on Monday reported a 1.6% rise in U.S. sales in October, as a rise in demand for pickup trucks offset falling electric vehicle volumes.

U.S. President Donald Trump’s tax and spending bill ended the $7,500 tax credits for new EV purchases last month, leading to a temporary surge in sales during the third quarter. Continue reading “Ford’s US October sales rise on demand for pickup trucks despite EV decline”

OTTAWA, (Reuters) – Canada is launching dispute settlement proceedings against auto manufacturer Stellantis over its decision to shift production from a Canadian plant to one in the United States, Industry Minister Melanie Joly said on Monday.

Stellantis said last month it would to move its Jeep Compass production from the Ontario city of Brampton to the U.S., prompting a threat of legal action from Canada. Continue reading “Canada says it is launching dispute settlement proceedings against Stellantis”

(Reuters) – Oshkosh and two other fire truck manufacturers are facing a growing number of lawsuits alleging they took part in a nationwide price-fixing scheme that caused local and municipal fire departments to pay inflated prices for emergency vehicles.

Newstead Fire Company, based in western New York, lodged the latest case on Friday in federal court in Wisconsin, where two other proposed class actions are already pending. Continue reading “Price-fixing lawsuits mount against US fire truck manufacturers”

BEIJING, (Reuters) – Tianyu Jiang took a 2,000-km (1,200-mile) road trip this month during China’s national holiday week, driving in his electric vehicle from the southwestern Sichuan basin to Beijing for the first time.

“I used to drive a petrol car and had never taken an EV for such a big trip, but long-distance driving for an EV doesn’t feel like a problem anymore,” Jiang said. Continue reading “EVs put an end to China’s usual holiday surge in gasoline use”

JAKARTA, (Reuters) – South Korea’s Hyundai Motor is interested in participating in Indonesia’s plan to develop its own national car, Indonesia’s economic ministry said on Friday.

Indonesian President Prabowo Subianto said on October 20 that Indonesia was planning to fully manufacture its own national car in the next three years, with a budget already allocated and land prepared for the factories. Continue reading “Hyundai Motor keen to take part in Indonesian national car plan, ministry says”

Summary

• Nexperia suspends wafer shipments, citing lack of payment
• Automakers alarmed over possible impact on production
• Nexperia seeking alternative solutions to keep customers supplied

BEIJING/TAIPEI, (Reuters) – Dutch chipmaker Nexperia has suspended supplies of wafers to its Chinese assembly plant, according to a letter addressed to its customers that was reviewed by Reuters, which could exacerbate a supply squeeze that is worrying automakers worldwide.

The letter, dated October 29 and signed by Nexperia interim CEO Stefan Tilger, said the October 26 suspension affecting its plant in Dongguan, in southern China’s Guangdong province, was “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms.” Continue reading “Exclusive: Nexperia cuts wafer supplies to Chinese plant, ratcheting up chip disruptions”

TOKYO, (Reuters) – Toyota Motor does not face an immediate chip shortage from recent Chinese export restrictions related to chipmaker Nexperia, even as the Japanese automaker is carefully watching risks to production, Chief Executive Koji Sato said.

“I do think there’s some risk, but it’s not like we’re facing shortages tomorrow,” Sato told reporters at the Japan Mobility Show in Tokyo on Wednesday afternoon. Continue reading “Toyota does not face immediate chip shortage from Nexperia, CEO says”

SAO PAULO, (Reuters) – Volkswagen said on Friday it has secured 2.3 billion reais ($425.62 million) in credit lines from Brazil’s state development bank BNDES to boost the development of hybrid vehicles and expand exports from its Brazilian operations.

The company said that the funds will be used to support its plan to offer hybrid versions of all new vehicles developed and manufactured in South America starting in 2026. Continue reading “Volkswagen secures credit lines from Brazil’s BNDES to boost hybrids”

MILAN, (Reuters) – Stellantis has set up a “war room” to address possible chip shortages stemming from issues at Dutch group Nexperia linked to the U.S.-China trade war, the automaker’s CEO said on Thursday.

“We are monitoring day-by-day the chip situation from Nexperia,” Chief Executive Antonio Filosa told analysts in a call to discuss third quarter performance. Continue reading “Stellantis has set up ‘war room’ to manage Nexperia chip crisis, CEO says”

(Reuters) – Ford is planning to invest about 32.50 billion Indian rupees ($369.76 million) in India to make new engines, Bloomberg News reported on Thursday, citing a person familiar with the matter.

The report said the Maraimalai Nagar manufacturing site in the southern Indian state of Tamil Nadu would be retooled to make high-end engines for export markets with an annual capacity of over 200,000 units. Continue reading “Ford to make new engines in India with $370 million investment, Bloomberg News reports”

Source : PTI | Jio-bp on Thursday announced the launch of an integrated mobility hub with 28 EV charging points within a retail outlet at Devanahalli in Bengaluru.

The Devanahalli outlet with a multi-fuel retail site offering petrol, diesel, CNG, and a wildbean cafe now adds an EV charging hub, featuring superfast DC chargers with 28 charging points dispensing up to 360kW, Jio-bp said. Continue reading “Jio-bp sets up 28 EV charging points at its Devanahalli retail outlet”