Summary
BERLIN, (Reuters) – Chinese electric vehicle maker BYD’s low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives. Continue reading “China’s BYD turns up heat in Europe with launch of Dolphin Surf EV”
(Reuters) – A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel’s fraught $14.9 billion bid for U.S. Steel a person familiar with the matter said, without providing further detail on its contents.
The submission complies with an executive order signed by Trump last month, which tasked the Committee on Foreign Investment in the U.S. with outlining whether any measures proposed by the companies assuage the national security risks previously identified by the committee. Continue reading “US panel submits view on Nippon Steel-US Steel deal to Trump, source says”
Source : PTI | The Ministry of Road Transport and Highways (MoRTH) has issued directives to expand oversight of regional officers on National Highway works implemented by state public works departments and road construction departments. In a circular, the highways ministry said critical lapses have occurred due to lack of due diligence in several projects pertaining to NH works implemented by state public works departments and road construction departments (PWDs/RCDs).
According to the circular, the ministry’s regional officers (ROs) are sometimes neither consulted nor involved during the bidding process or while defending contractual disputes before arbitration tribunals or courts, wherein such disputes are dealt with mechanically often without adequately safeguarding the interests of the Central government or aligning with the ministry’s position. Continue reading “MoRTH mandates tighter oversight on state-implemented NH projects”
Source : PTI | Maharashtra Transport Minister Pratap Sarnaik has proposed developing land owned by the RTO (Regional Transport Office) on a PPP model to maximise revenue and prevent encroachments by slums. Addressing the inauguration of the Sub-Regional Transport Office (RTO) building in Kalyan on the weekend, Sarnaik highlighted the progress in constructing new RTO offices and proposed developing other RTO-owned lands on a Public Private Partnership model to maximise departmental benefit and prevent encroachments.
‘We have requested Deputy CM Eknath Shinde that places occupied by slums should be developed on the PPP principle,’ Sarnaik stated.
Continue reading “Maharashtra plans PPP model for RTO land to curb encroachments, boost revenue”
Source : PTI | French auto major Renault group has sought approval from fair trade regulator CCI to buy out its Japanese partner Nissan’s remaining 51 per cent stake in their Indian manufacturing joint venture — Renault Nissan Automotive India Pvt Ltd. Renault Group B V and its nominee Renault SAS have proposed to acquire the entire shareholding of the Nissan entities in Renault Nissan Automotive India Pvt Ltd (RNAIPL).
“The proposed combination relates to the acquisition of equity shares and fully paid-up zero-coupon non-convertible redeemable preference shares held by Nissan Motor Company Ltd Japan and Nissan Overseas Investments B V in the target (RNAIPL) by acquirer 1 (Renault Group B V) and its nominee, acquirer 2 (Renault SAS),” a notice filed with the Competition Commission of India (CCI) said on May 16.
Continue reading “Renault Group seeks CCI nod to buy out remaining 51% stake in Indian JV”
Source : PTI | Bullish on growth prospects, Jaguar Land Rover aims to double its business in India over the next 3-4 years amid plans to bolster its product portfolio and sales network, according to a top company executive. With the Indian luxury car market expected to grow consistently over the next few years, Jaguar Land Rover (JLR) India anticipates breaking into the top ten markets of its parent.
In an interaction with PTI here, JLR India Managing Director Rajan Amba stated that demand and appreciation for bespoke or differentiated car models remain very high in India promoting it to offer such products in the country.
Continue reading “JLR aims to double biz in India over next 3-4 years”
Source : PTI | Automotive components maker Belrise Industries on Tuesday said it has garnered ₹645 crore from anchor investors a day ahead of its initial share-sale opening for public subscription. BlackRock, Capital Group, ICICI Prudential Mutual Fund (MF), HDFC MF, Nippon India MF, M&G (Prudential), Pinebridge, ValueQuest, and Bajaj Allianz Life are among the investors who participated in the anchor round, according to a circular uploaded on BSE website.
As per the circular, the company allocated 7.16 crore equity shares at ₹90 apiece, which is also the upper end of the price band, to 27 funds. Continue reading “Belrise Industries mobilises ₹645 crore from anchor investors ahead of IPO”
PARIS, (Reuters) – Mitsubishi Motors said on Monday it had decided not to proceed with an investment in Renault’s electric vehicle business Ampere, in a shift in the company’s EV strategy.
Mitsubishi had previously announced an investment of up to 200 million euros ($225.08 million) in Ampere. Continue reading “Mitsubishi Motors decides not to pursue investment in Renault’s Ampere”
WASHINGTON, (Reuters) – The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government’s legal authority by including electric vehicles in setting the rules, automaker officials said Monday.
Transportation Secretary Sean Duffy said the department’s National Highway Traffic Safety Administration on Friday submitted its interpretive rule, “Resetting the Corporate Average Fuel Economy Program” to the White House for review. Continue reading “US expected to declare Biden fuel economy rules exceeded legal authority”
MEXICO CITY, (Reuters) – Mexican Economy Minister Marcelo Ebrard said on Tuesday that cars assembled in Mexico and exported to the United States will face an average tariff of 15%, not 25%, citing additional discounts that local products benefit from.
“It’s a very big advantage compared to other countries that export to the United States. Of course, we would love it to be zero,” Ebrard said at an event. Continue reading “Mexico’s US auto exports to benefit from tariff discounts, minister says”
SEOUL, (Reuters) – South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by U.S. President Donald Trump’s sweeping tariffs.
The government will prepare new measures to support its biopharmaceutical companies, as soon as details of Trump’s tariffs on the sector become available, it said in a statement. Continue reading “South Korea vows support for biopharmaceutical, auto sectors over US tariffs”
Summary
TOKYO, (Reuters) – Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models. Continue reading “Japan’s Honda to scale back on electric vehicles, focus on hybrids”
Summary
(Reuters) – Tesla is set to begin a test of its long-promised robotaxi service on schedule in Austin, Texas, by the end of June, Chief Executive Elon Musk said on Tuesday, even as the company faces safety questions from a U.S. regulator. Continue reading “Tesla on track to launch robotaxi trial in Austin, Texas, by June end, Musk says”
Summary
WASHINGTON, (Reuters) – The U.S. Senate plans to vote this week to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states, Majority Leader John Thune said on Tuesday. Continue reading “US Senate to vote this week on bill to bar California 2035 EV plan”
Source : PTI | Maruti Suzuki India Ltd on Tuesday said it has entered into an alliance with Standard Chartered Bank for inventory funding for its dealers. The company has signed a Memorandum of Understanding (MoU) with Standard Chartered for inventory funding which will empower over 4,000 Maruti Suzuki sales outlets across the country, with comprehensive inventory funding options for their working capital requirements, Maruti Suzuki India said in a statement.
“This partnership takes us a step towards further empowering our dealer partners, while the company continues to expand its market presence, as always. This strategic alliance will leverage the combined strengths of MSIL and Standard Chartered to offer comprehensive working capital solutions to our dealer partners,” Maruti Suzuki India Ltd (MSIL) Senior Executive Officer, Marketing & Sales, Partho Banerjee said. Continue reading “Maruti Suzuki partners Standard Chartered Bank for dealer financing solutions”
Source : PTI | The Ministry of Road Transport and Highways (MoRTH) has issued directives to expand oversight of regional officers on National Highway works implemented by state public works departments and road construction departments. In a circular, the highways ministry said critical lapses have occurred due to lack of due diligence in several projects pertaining to NH works implemented by state public works departments and road construction departments (PWDs/RCDs).
According to the circular, the ministry’s regional officers (ROs) are sometimes neither consulted nor involved during the bidding process or while defending contractual disputes before arbitration tribunals or courts, wherein such disputes are dealt with mechanically often without adequately safeguarding the interests of the Central government or aligning with the ministry’s position. Continue reading “MoRTH mandates tighter oversight on state-implemented NH projects”
Summary
MILAN, (Reuters) – Volkswagen is considering a plan to divest from its design and engineering unit Italdesign, union representatives told Reuters on Monday, as part of the German automaker’s efforts to overhaul its European operations. Continue reading “Volkswagen weighs plan to sell or find partner for Italdesign”
SAN FRANCISCO, (Reuters) – Alphabet’s self-driving unit Waymo said on Monday it received approval from California to expand its robotaxi operations in more areas of the San Francisco Peninsula and further south, including San Jose.
Waymo’s permission from California comes as Tesla gears up to roll out a paid robotaxi service in Austin, Texas, next month. CEO Elon Musk has said the electric vehicle maker will expand the service to California later this year. Continue reading “Alphabet’s Waymo gets California nod for robotaxi expansion in San Francisco Bay Area”
DETROIT, (Reuters) – General Motors informed employees and dealers for its China export business on Thursday in China that it would stop shipping vehicles to China from the United States, the company said.
The move comes as the United States and China continue discussions on tariffs and other trade issues. Continue reading “GM to stop exporting vehicles from US to China, company says”
DETROIT, (Reuters) – Subaru of America is hiking prices on several models, the company said on Monday, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs.
Subaru said in a statement that the increases were made in response to “current market conditions,” without citing tariffs or specific price actions. Continue reading “Exclusive: Subaru of America increases vehicle prices, citing market conditions”
Source : PTI | India continues to be the world’s largest market for electric three-wheelers for a second year in a row as sales rose nearly 20 per cent to reach about 7 lakh vehicles in 2024, the International Energy Agency (IEA) said in a report. In its Global EV Outlook 2025, the Paris-based energy watchdog said India continues to drive most growth in the global electric three-wheeler market.
Despite the global three-wheeler (3W) market shrinking 5 per cent from the previous year, electric 3W sales grew more than 10 per cent to surpass 1 million vehicles in 2024. Electric 3W sales represented almost one-quarter of all 3W sales, up from one-fifth in 2023, it said. Continue reading “India largest market for electric three-wheelers: IEA”
(Reuters) – Tesla blocked shareholders who own less than 3% of its shares from suing its directors or officers on behalf of the electric vehicle maker for breach of duties, according to a filing with the U.S. Securities and Exchange Commission on Friday.
Three percent of Tesla’s shares amounts to about 97 million shares worth about $34 billion as of Friday’s close. Continue reading “Tesla blocks stockholders with less than 3% shares from suing officers on its behalf”
TOKYO, (Reuters) – Japan is considering a plan to offer subsidies for building charging stations for Tesla electric vehicles in tariff talks with the United States, broadcaster TBS reported on Saturday.
The government currently provides subsidies for installing charging stations for EVs only for the charging standard “CHAdeMO”, which originated in Japan, but not for Tesla’s “Supercharger”, the report said. Continue reading “Japan mulls subsidies for Tesla’s EV charging stations in tariff talks, TBS says”
BEIJING, (Reuters) – Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10% in 2024, the chairman of battery maker CATL said on Sunday, according to a media report.
The comments by Zeng Yuqun, made at a heavy-truck battery-swapping launch and reported by the Shanghai government-affiliated news site Jiemian, suggest further headwinds for fuel demand in the trucking sector, already hit by the rise of LNG trucks in China. Continue reading “Half of China’s heavy truck sales could be EVs by 2028, CATL says”
Summary
TOKYO, (Reuters) – Nissan is considering plans to shut two car assembly plants in Japan and overseas factories, including in Mexico, sources said on Saturday, as part of a cost-cutting plan the company flagged earlier this week. Continue reading “Nissan considering plant closures in Japan, overseas, sources say”
Source : PTI | The Centre has approved national highway projects worth ₹13,000 crore in Odisha during the ongoing 2025-26 fiscal, a state minister said on Thursday. Out of those projects, the Odisha government has set a target to complete road construction work to the tune of ₹2,000 crore by September, Works Minister Prithviraj Harichandan said here.
‘We have to expedite the pace of construction work. We have set a target to make an expenditure of ₹2,000 crore by September. If we complete the projects on time, we can get (a total of) ₹13,000 crore (worth highway projects) from the Union government and create a new record on construction of national highways in the state,’ he asserted.
Continue reading “Centre approves national highway projects worth ₹13,000 cr in Odisha in FY26”
Source : PTI | A fleet of clean, comfortable and silent electric buses has brought about a paradigm shift in public transport in Panaji city, amid a growing number of residents embracing the change. As part of the Centre’s Smart City Mission, 48 such e-buses are crisscrossing the length and breadth of Goa’s capital, ferrying thousands of commuters daily, under the Imagine Panaji Smart City Development Limited (IPSCDL) project.
Jove Costa, Public Engagement Officer at IPSCDL, told PTI that several residents are ditching their private vehicles in favour of these electric buses. Continue reading “With e-buses, daily commute gets a quiet makeover in Panaji”
Source : PTI | Hyundai Motor India Ltd is stepping up activities, including new product launches, efforts to enhance sales in rural, institutional and pre-owned car segments to regain its number two position in the domestic market, its Chief Operating Officer Tarun Garg said on Friday. The company, a long-time number two player behind leader Maruti Suzuki in the domestic passenger vehicle market, had been pushed to the fourth position in April this year in terms of market share behind home-grown automakers Mahindra & Mahindra and Tata Motors. Continue reading “Stepping up activities to regain market share, passionate about domestic dominance: Hyundai Motor India COO”
Source : PTI | Tata Motors aims to strengthen its electric vehicle range, as well as enhance the value proposition of existing nameplates, as part of its plans to make EVs mainstream in the domestic passenger vehicle market. The Mumbai-based auto major is gearing up to launch Harrier.ev this fiscal and Sierra.ev subsequently, besides multiple interventions on existing models.
Tata Motors sold about 65,000 EVs in FY25, a drop of 10 per cent as compared with FY24. Continue reading “Tata Motors plans more product actions this fiscal for ‘mainstreaming’ EVs”
BUDAPEST, (Reuters) – Chinese electric vehicle giant BYD expects to establish a European centre in Hungary, CEO and President Wang Chuanfu said on Thursday at a news conference with Hungarian Prime Minister Viktor Orban in Budapest.
Wang said that the new European centre will create 2,000 jobs and have three functions. It will be a hub for sales and after-sales services, for testing and for developing localised versions of the company’s models. Continue reading “China’s BYD plans to establish European centre in Hungary, CEO says”
WAF THINK TANK
The Automobiles Used by the Indian Army CarPhD
Global EV sales rise in April despite trade disruptions, research finds WAF Continue reading “WAF Auto News | The Auto World This Week (16th May 2025)”
ROME, (Reuters) – Stellantis Chairman John Elkann on Thursday denied there was any truth to rumours that the company is in merger talks with fellow European automaker Renault.
“We are not discussing any merger,” Elkann said at the FT Future of the Car Summit in London, speaking in a panel discussion with Renault CEO Luca de Meo.
The two companies in October already dismissed as rumour and speculation media reports that they may join forces.
Stellantis was created in 2021 from the merger of Fiat-Chrysler with France’s PSA, the maker of Peugeot and Citroen. The Franco-Italian company includes the Jeep and Opel brands.
Reporting by Alvise Armellini, editing by Gavin Jones
(Reuters) – Some non-U.S. companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the impact of President Donald Trump’s sweeping tariffs.
Below are some of the plans flagged by those companies. Continue reading “Which companies are looking at US expansion to lessen tariff fallout?”
WASHINGTON, (Reuters) – U.S. manufacturing production fell more than expected in April amid a sharp decline in motor vehicle output, and the sector could struggle to regain its footing in the second quarter because of tariffs.
Factory output dropped 0.4% last month after an upwardly revised 0.4% gain in March, the Federal Reserve said on Thursday. Economists polled by Reuters had forecast production would slip 0.2% after a previously reported 0.3% rise. Continue reading “US manufacturing output falls in April on weak auto production”
Summary
YIWU, China, (Reuters) – A tariff truce between the United States and China is helping kickstart the resumption of trade between the countries but for manufacturers of Halloween decorations in the eastern Chinese city of Yiwu feelings are mixed. Continue reading “Tariff truce sparks hopes for Halloween orders in China”
Source : PTI | India’s oil demand is expected to grow at the fastest pace among major economies and double the rate of rise in China in 2025 and 2026, oil cartel OPEC said in its latest global outlook. India’s oil demand is projected to rise from 5.55 million barrels a day in 2024 to 5.74 million bpd in 2025, up 3.39 per cent, helped by rising energy needs in the world’s fastest growing economy.
This is projected to further rise to 5.99 million bpd in 2026, growing at 4.28 per cent. Continue reading “OPEC sees India’s oil demand rising 3.4% in 2025, double the pace of China”
by Abhijeet Singh, Mobility Outlook
JSW MG Motor hit a home run with the Windsor. It entered the electric vehicle space as a lifestyle-focused, executive electric MPV that offered more than just green creds. Now the company has upped the ante with the new Windsor Pro with a bigger battery pack returning a longer range for all the sceptics amongst you. With a starting price of INR 18.09 lakh (ex-showroom), and also available under the Battery-as-a-Service (BaaS) model at an introductory INR 12.49 lakh (BaaS) + INR 4.5/km, the Pro variant edges towards customers who want to go longer distances for lesser charges. Continue reading “MG Windsor Pro Review: Digital Lounge On Wheels”
MILANO, (Reuters) – Automaker Stellantis said on Thursday that the production of Maserati sports cars will be moved from Turin’s Mirafiori plant to Modena by the end of the year.
Modena is the hometown of Maserati, a historic Italian brand that has been struggling and whose business plan, including new model launches, is under review after being put on hold last year. Continue reading “Stellantis to return Maserati production to its Modena hometown”
Summary
FRANKFURT/DUESSELDORF, (Reuters) – Thyssenkrupp’s <TKAG.DE> operating profit plunged in the second quarter, hurt by what the German conglomerate said was high economic uncertainty among most of its customers and regions due to higher tariffs, notably in automotive and steel. Continue reading “Thyssenkrupp’s profit plunges as tariff uncertainty hits demand”
Tata Motors has entered into a strategic partnership with Vertelo, a dedicated electric mobility solutions provider, to accelerate the adoption of electric commercial vehicles across the country. Through a Memorandum of Understanding (MoU) signed between the two companies, Vertelo will offer tailored leasing solutions to fleet operators, facilitating a smoother transition to green mobility.
Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Commercial Vehicles, said, “This partnership with Vertelo marks a significant milestone in our mission to democratise electric mobility. By offering accessible and sustainable transportation solutions, we are not only supporting fleet customers but also strengthening the EV ecosystem in India.” Continue reading “Tata Motors Joins Vertelo To Boost Electric CV Adoption Via Custom Leasing Solutions”
