Source : PTI | India’s petroleum product exports worth $15 billion to the European Union (EU) may be at risk as Brussels moves to restrict imports of Russian crude oil refined in third countries, economic think tank GTRI said.

The 18th package of sanctions by the 27-nation EU included a set of measures largely aimed at curbing the revenues of Russia’s oil and energy sector, such as an import ban on refined petroleum products made from Russian crude oil and coming from any third country. Continue reading “EU’s Russian oil curbs may hit India’s fuel exports: GTRI”

Source : PTI | Vast AI talent pool and electric vehicle makers’ attitude to adopt artificial intelligence and powerful computing offer a big opportunity in India for MediaTek, a senior company official said.

MediaTek Director for Product Marketing — Automotive Platform — Rita Wu told PTI the semiconductor company is looking to penetrate deeper in India’s automotive sector with a strategic focus on AI, scalable system-on-chips (SoCs), and next-gen connectivity solutions.

Continue reading “MediaTek sees big opportunity as Indian EV makers embrace AI, high-performance computing”

Source : PTI | Russian oil giant Rosneft-backed Nayara Energy on Monday reaffirmed its plan to invest ₹70,000 crore in downstream projects linked to its refinery, while denouncing the latest EU sanctions against it as unjust and harmful to India’s interests.

A day after Rosneft condemned sanctions on its Indian unit, Nayara Energy, as unjustified, illegal, and a direct threat to India’s energy security, Nayara in a statement said the restrictions “risk disrupting the uninterrupted supply of petroleum products that are essential to millions of Indian citizens and industries”. Continue reading “Nayara Energy to invest ₹70,000 cr in India; says EU sanctions go against India’s interests”

Source : PTI | Ashok Leyland will follow a proactive approach to navigate emerging global and industry trends including electrification and supply chain challenges as it remains in hunt to be among the world’s leading commercial vehicle manufacturers, according to Chairman Dheeraj G Hinduja.

In his address to shareholders in the company’s Annual Report for 2024-25, he noted that the commercial vehicle and mobility sectors are undergoing profound transformation.

Continue reading “Ashok Leyland looks at proactive approach to navigate emerging industry trends: Chairman Hinduja”

Source : PTI | Tyre maker CEAT Ltd expects to maintain a double-digit growth this fiscal with domestic replacement segment, specially from rural markets, to drive sales while direct supplies to automobile makers are likely to be muted, according to company MD & CEO Arnab Banerjee.

The company is also waiting and watching the tariff situation in the US, a big growth market but not a significant one right now for it, to decide its future course of expansion in the country, he told PTI.

Continue reading “Expect double-digit growth in FY26, rural replacement market to continue to drive sales: CEAT”

Source : PTI | Battery materials manufacturer Epsilon Advanced Materials is prepared to enter into long-term strategic partnerships with the companies looking to source high-quality graphite anode and cathode materials outside China, a company official said.

EV batteries are made of components like anode, cathode, electrolyte and separator. As of now China commands over 90 per cent of this graphite anode and cathode processing capacity which is used in electric vehicles. Continue reading “Epsilon to partner with firms eyeing ex-China sourcing of EV battery materials: MD Vikram Handa”

Source : PTI | Japanese auto major Honda is targeting a 30 per cent share in the Indian two-wheeler market by 2030, as it chases the goal to achieve half of global two-wheeler sales in the long term, according to a top official of the company’s arm in India.

The company’s arm, Honda Motorcycle & Scooter India (HMSI), sees huge potential to grow sales among female customers, who currently account for just about 10 % of the overall industry sales, HMSI President Tsutsumu Otani told PTI in an interview. Continue reading “Honda eyes 30% share in Indian two-wheeler market, sees potential to grow sales among women”

Summary

• Neta inflated sales of over 60,000 cars between Jan 2023-March 2024-documents
• Scheme enabled companies to book sales early to meet aggressive targets
• China’s auto industry has been roiled by cut-throat competition, prompting regulatory concern

(Reuters) – Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars, according to documents reviewed by Reuters and interviews with dealers and buyers. Continue reading “Exclusive: China EV brands Zeekr, Neta inflated car sales using insurance scheme”

New Delhi : Maruti Suzuki India Limited (Maruti Suzuki) has achieved a new milestone in after-sales service. The Company, through its network, has serviced over 24.5 lakh vehicles in a single month, the highest ever in its history. The record was achieved in the month of May, and entails paid service, free service as well as running repairs.

The Company, in its unwavering commitment to providing peace of mind to customers, has been expanding its after sales network across metros, small towns, and even reaching deep rural interiors of the country. The vast network now stands at over 5,400 service touchpoints enabling the Company to service a record of over 24.5 lakh vehicles in a month. Continue reading “A Historic High: Maruti Suzuki network services 24.5 lakh vehicles in a month”

Summary

• Elections may weaken PM Ishiba, who secured no tariff relief
• Mazda faces 25% U.S. tariffs, imperilling Hiroshima’s economy
• Company forms tariff strategy team after U.S. sales drop

HIROSHIMA, Japan, (Reuters) – When car maker Mazda sneezes, everyone catches a cold, say people in its hometown of Hiroshima in western Japan, but these days, auto parts maker Yuji Yamaguchi fears a deep chill is on the way. Continue reading “Japan voters see little hope for tariff reprieve in car maker Mazda’s hometown”

(Reuters) – British luxury carmaker Jaguar Land Rover has delayed the launch of its electric Range Rover and Jaguar models to allow time for more testing and for demand to pick up, The Guardian reported on Friday.

JLR has told customers deliveries of the Range Rover Electric will not start until next year, the report said, while a source told the newspaper that Jaguar’s first EV will start production in August 2026. Continue reading “Britain’s JLR delays launch of Range Rover, Jaguar EVs, The Guardian reports”

BEIJING, (Reuters) – Major automakers should push for “rational competition” in the electric vehicle industry, a senior Chinese official said on Thursday, according to a statement from the industry ministry published on Friday.

The comments from Che Jun, head of a Communist Party central leading group, came a day after China’s cabinet pledged to regulate what it called “irrational” competition in the EV market and vowed to strengthen price-monitoring. Continue reading “Chinese automakers should pursue ‘rational competition’ in EV industry, official says”

BERLIN, (Reuters) – Porsche CEO Oliver Blume has initiated negotiations on another round of cost-cutting measures to help the German carmaker cope with challenges in China and the U.S. tariff dispute, according to a letter seen by Reuters on Friday.

“In the second half of 2025, employer and employee representatives will negotiate a second structural package to secure the company’s long-term performance,” according to an excerpt of the letter sent to the company’s leadership. Continue reading “Porsche CEO Blume initiates talks on another savings programme”

Summary

• Raj Jegannathan takes over Tesla sales amid declining demand
• The IT exec lacks traditional sales experience, has grown closer to Elon Musk
• High-level departures at Tesla include Troy Jones, Omead Afshar

(Reuters) – A relatively little-known information technology executive is running Tesla’s sales team as the electric carmaker grapples with a drop in sales, according to people familiar with the matter. Continue reading “Exclusive: Tesla IT exec with no traditional car-sales experience is running sales, sources say”

Source : PTI  Kotak Mahindra Prime (KMPL), the auto financing arm of Kotak Group, on Friday said it has become a preferred financer, offering its seamless financing experience for Tesla’s futuristic EVs.

Kotak Mahindra Prime is the first among financers to be appointed as a Preferred Financer for Tesla in India, the company said in a statement. Continue reading “Kotak Mahindra Prime becomes preferred financer for Tesla EVs in India”

(Reuters) – Alphabet’s Waymo is expanding its service in Austin, Texas, to 90 square miles from 37 square miles earlier, the software giant’s self-driving unit said on Thursday, seeking to protect its top position in the city from rivals such as Tesla.

Waymo, which has over 100 vehicles on the Uber platform in Austin, will now cover new neighborhoods such as Crestview, Windsor Park, Sunset Valley and Franklin Park, the company said. Continue reading “Waymo expands coverage in Austin, Texas, as robotaxi competition heats up”

(Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday asked owners of some vehicles of Swedish automaker Volvo to urgently complete a safety recall over a brake failure issue.

Volvo issued a recall in June for 11,469 vehicles of a number of models due to a loss of brake function.

The remedy for the Volvo recall is to update vehicle software through an over-the-air download, which as of July 15 has not been done by about 1,000 vehicles, the NHTSA said in a statement. Continue reading “NHTSA urges Volvo owners to complete urgent brake recall”

Summary

• UNP and Norfolk’s combined market value is roughly $200 billion
• “This (deal) would attract a lot of scrutiny” – expert
• Norfolk shares up 4.5% after hours

(Reuters) – Railroad operator Union Pacific is exploring a deal to buy smaller rival Norfolk Southern, the Wall Street Journal reported, in a merger that would bolster the industry leader’s heft and likely draw intense regulatory scrutiny. Continue reading “Union Pacific exploring deal to buy Norfolk Southern, WSJ reports”

Summary

• NHTSA staffing could see further cuts if Congress reduces budget
• Agency faces broad workload of vehicle defect investigations
• Transportation secretary says uncertain if department will conduct layoffs

WASHINGTON, (Reuters) – The U.S. auto safety agency is shedding more than 25% of its employees under financial incentive programs to depart the government offered by the Trump administration, according to data provided to Congress seen by Reuters. Continue reading “US auto safety agency shedding more than 25% of employees”

Source : PTI | Pune-based Kinetic Green Energy and Italy-originated Tonino Lamborghini SpA have joined hands to make electric golf carts for both Indian and global markets. The companies have launched their electric golf and lifestyle carts, which will be manufactured at Kinetic Green’s Pune-based plant, company executives confirmed during the launch event.

The carts–designed in Italy– are available in two series: the Genesis Range, a tribute to the legacy of the brand, and the Prestige Range, which represents a more ultra-premium, futuristic design. Continue reading “Kinetic Green eyes large global footprint in JV with Tonino Lamborghini”

Source : PTI | Tata Motors-owned Jaguar Land Rover (JLR) on Thursday confirmed plans to cut hundreds of managerial roles as part of a “limited” voluntary redundancy programme, which it says is aimed at better aligning its leadership workforce with the luxury car brand’s business strategy.

The UK-based car manufacturer, which has been under pressure from US President Donald Trump’s tariff wars, welcomed the recent trade deal that eases some pressure on its automotive exports to the American market.

Continue reading “Tata Motors-owned Jaguar Land Rover to cut hundreds of managerial roles in UK”

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INDIA

Volkswagen India reaffirms its safety first focus, launches Monsoon Service Camp for confident drives this rainy season WAF

MG M9 launch in India on July 21, to be sold from MG Select dealerships moneycontrol

Musk’s Tesla marks formal India entry with Mumbai launch event WAF

Hyundai, IIT Madras to set up ₹180 Cr green hydrogen R&D hub in Tamil Nadu HTAuto

Auto Industry Sales Performance of June 2025 and Q1 (April–June 2025) WAF

Global EV sales jump 24% in June though North American market struggles, research firm says WAF

Planning to buy a FASTag annual pass? Here are answers to all your questions and confusions HTAuto

Delhi govt mulling to extend EV policy as new policy still in works WAF

Japan eyes bigger role in Gujarat’s semiconductor, EV sectors; Envoy meets CM Patel WAF

West Bengal gears up for rare earth mining in Purulia WAF

Pricol joins hands with Italian firm for two-wheeler control technologies WAF

Wheels India infuses 50,000 euros in its subsidiary ‘WIL Europe GmbH’ WAF

Meghalaya govt to make driver info display inside commercial vehicles mandatory: Tourism minister WAF

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ASIA

Japan’s exports drop as US tariffs hit automobiles, pressure set to intensify WAF

Despite tariffs, it’s still America first for Asia’s legacy automakers WAF

China’s Chery denies improper subsidy declarations WAF

Nissan Motor raises $4.5 billion in bond sales, term sheet shows WAF

USA

Uber to invest $300 million in EV maker Lucid as part of robotaxi deal WAF

US auto safety nominee calls for active oversight of self-driving cars WAF

Ford recalls over 694,000 SUVs in US after year-long fuel leak probe WAF

Ford recalls more than 850,000 vehicles in US over fuel pump defect WAF

GM outlines $4 billion plan to expand production of gas trucks and SUVs WAF

GM to produce lower-cost battery cells at Tennessee plant WAF

Musk suggests Tesla investor vote on xAI investment, rules out merger WAF

US safety regulator opens recall query into over 27,000 Polestar 2 vehicles WAF

Jaguar Land Rover North America recalls about 21,000 US vehicles over torn passenger airbags WAF

Tesla to hold annual shareholder meeting in November as investor scrutiny mounts WAF

EUROPE

Jaguar Land Rover-backed battery recycling project gets UK government funding WAF

Renault shares tumble on profit warning as interim CEO named WAF

Volvo Cars quarterly operating profit beats expectations despite tariff hit WAF

Stellantis discontinues hydrogen fuel cell programme and van production WAF

Britain offers discounts on electric cars to boost demand WAF

BMW CEO hopeful for ‘manageable’ deal on US auto import tariffs WAF

Ford agrees voluntary redundancies for troubled e-car site in Cologne WAF

LATIN AMERICA

Exclusive: GM pickup-truck plant in Mexico pauses output for several weeks WAF

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Summary

• Complimentary 40-point vehicle check-up to ensure safer driving during monsoons
• Improved total cost of ownership with special discounts on Service Value Packages
• Trusted Volkswagen care with genuine parts, certified technicians, and customer first service across all authorized outlets in India

Mumbai: Volkswagen India reaffirms its commitment to customer safety and satisfaction with the rollout of its annual Monsoon Service Camp. Designed to help customers navigate the challenges of the rainy season with confidence and ease, this Monsoon Service Camp is available across all authorized service facilities in India. The initiative offers expert vehicle care, exclusive savings, and a seamless ownership experience. Continue reading “Volkswagen India reaffirms its safety first focus, launches Monsoon Service Camp for confident drives this rainy season”

Summary

• Shares flat after rising 3% in early trading
• Signs of recovery in Europe offset North America slump
• Q2 adjusted operating profit at SEK 13.5 bln, above consensus

(Reuters) – Swedish truckmaker Volvo reported higher than expected quarterly earnings on Thursday, as signs of recovery in Europe helped it offset sluggish demand in North America.

Truck orders in North America have fallen more than 40% in recent months compared to last year, adding to the pressures on pricing and sentiment across the sector. Continue reading “Truckmaker Volvo counts on improving Europe to offset North America slump”

RABAT, (Reuters) – Carmaker Stellantis plans to more than double production capacity at its plant in Kenitra, Morocco, in the coming months to 535,000 vehicles annually, its chief operating officer for the Middle East and Africa said on Wednesday.

The plant aims to step up production of supermini electric cars – including the Citroën Ami, Opel Rocks-e, and Fiat Topolino – to 70,000 from 20,000, Samir Cherfan said at the inauguration of the plant’s expansion. Continue reading “Stellantis expands production capacity at Morocco plant”

Summary

• Uber to deploy 20,000 Lucid SUVs with Nuro’s AV tech
• Lucid-Nuro prototype operating at Las Vegas testing facility
• Challenges remain for AV commercialization due to costs and regulations

SAN FRANCISCO, (Reuters) – Uber will invest $300 million in electric vehicle maker Lucid in a robotaxi deal that aims to start with one major U.S. city late next year, the companies said on Thursday.

Over six years starting in 2026, Uber will acquire and deploy over 20,000 Lucid Gravity SUVs that will be equipped with autonomous vehicle (AV) technology from startup Nuro, the three companies said in a statement. Continue reading “Uber to invest $300 million in EV maker Lucid as part of robotaxi deal”

(Reuters) – An EV battery recycling project backed by Jaguar Land Rover has received British government funding to recover critical minerals from end-of-life batteries, startup Mint Innovation said on Thursday.

The project to recover lithium, nickel and cobalt from used batteries is part of the 2.5-billion-pound ($3.35 billion) DRIVE35 programme that the UK Department for Business and Trade launched on Sunday to support the transition to electric cars. Continue reading “Jaguar Land Rover-backed battery recycling project gets UK government funding”

Summary

• Shares on track for biggest decline since March 2020
• Profit warning comes while company without CEO
• Renault shares had been outperforming rivals more exposed to US

PARIS, (Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure.

The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for a full-year operating profit margin of 6.5%, below a previous target of at least 7%. Continue reading “Renault shares tumble on profit warning as interim CEO named”

Summary

• Volvo Cars second-quarter operating profit falls sharply
• Demand remains soft and volatile amid weaker consumer confidence
• Second-quarter results better than expected, analysts say
• Shares jump nearly 8%

STOCKHOLM, (Reuters) – Volvo Cars reported a sharp decline in second-quarter operating profit on Thursday that nonetheless exceeded analyst expectations, sending shares up, though the company continues to face headwinds from tariffs and softening demand. Continue reading “Volvo Cars quarterly operating profit beats expectations despite tariff hit”

Summary

• US tariffs force Volvo Cars to focus on high-margin models
• Suspends sale of several sedans and station wagons
• Volvo’s EX90 struggles exacerbated by European component tariffs
• Company will add popular mid-sized SUV hybrid XC60 to US production

STOCKHOLM, (Reuters) – Volvo Cars said it has scaled back its U.S. model lineup this year, among the first examples of a major automaker halting U.S. shipments as President Donald Trump’s tariffs make it harder to sell a broad range of vehicles profitably. Continue reading “Volvo Cars pauses sales of some cars in US as tariffs pinch profits”

Source : PTI | In a bid to enhance passenger safety, the Meghalaya government will soon make displaying drivers’ details inside commercial vehicles mandatory, a minister said on Tuesday.

All commercial vehicle owners will have to display drivers’ information, including their names, licences and contact numbers and addresses, inside their cars, state Tourism Minister Paul Lyngdoh said. Continue reading “Meghalaya govt to make driver info display inside commercial vehicles mandatory: Tourism minister”

Source : PTI | Wheels India Ltd, a manufacturer of steel wheels and cast iron-wheels has infused 50,000 euros into its newly formed entity and subsidiary WIL Europe GmbH, the company said on Sunday.

GmbH is in the process of formation and is yet to commence operations. It is being developed to expand and do business activities in Europe, Wheels India said. Continue reading “Wheels India infuses 50,000 euros in its subsidiary ‘WIL Europe GmbH’”

Source : PTI | Automotive components maker Pricol on Tuesday said it has inked a pact with Italy-based Domino S.R.L. for two-wheeler handlebar control technologies.

The partnership aims to expand advanced two-wheeler control technologies such as throttles, switches, and allied products across India and Southeast Asia, Pricol Ltd said in a statement. Continue reading “Pricol joins hands with Italian firm for two-wheeler control technologies”

Summary

• Finance chief Minto to be interim CEO after departure of Luca de Meo
• Company also warns on free cash flow after weak June sales
• Full year margin forecast lowered to 6.5% from at least 7%

PARIS, (Reuters) – Renault named finance chief Duncan Minto as interim CEO on Tuesday, and said it will step up cost cutting measures after lowering its forecast for full year operating margins.

The French carmaker said its first half free cash flow would amount to just 47 million euros ($54.49 million), hit by a negative working capital requirement of around 900 million euros, due to delayed billings and a decline in both the passenger car and van market in Europe. Continue reading “Renault lowers 2025 guidance, names finance chief Minto as interim CEO”

ROME, (Reuters) – Carmaker Stellantis said on Wednesday it would discontinue its hydrogen fuel cell technology programme and no longer launch hydrogen-powered vehicles this year, raising questions about the future of hydrogen subsidiary Symbio.

The group said the decision was due to the limited availability of hydrogen refuelling infrastructure, high capital requirements and the need for stronger purchase incentives for customers. Continue reading “Stellantis discontinues hydrogen fuel cell programme and van production”

(Reuters) – Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.

The NHTSA said fuel injectors in affected vehicles may crack, causing fuel to leak into the engine compartment and potentially ignite. Drivers may notice a strong fuel smell inside or outside the vehicle, dashboard warnings, smoke, or visible flames. Continue reading “Ford recalls over 694,000 SUVs in US after year-long fuel leak probe”

Summary

• Shares on track for biggest decline since March 2020
• Profit warning comes while company without CEO
• Renault shares had been outperforming rivals more exposed to US

(Reuters) – Shares in Renault plunged as much as 18% on Wednesday after the French automaker surprised investors with a profit warning just a month after CEO Luca de Meo announced his departure.

The company said late on Tuesday that June sales volumes were weaker than expected and it was now aiming for a full-year operating profit margin of 6.5%, below a previous target of at least 7%. Continue reading “Renault shares tumble on profit warning as interim CEO named”