HMSI recalls CB300R motorcycles to rectify headlight issue

HMSI recalls CB300R motorcycles to rectify headlight issue

Honda Motorcycle & Scooter India (HMSI) is recalling certain units of CB300R motorcycle to rectify an issue with headlight. Aligned with the global market action, the company has announced a voluntary recall for CB300R motorcycle, manufactured between 2018 to 2020, the two-wheeler major said in a statement.

The company has identified a concern in the internal PCB structure of the motorcycle’s headlight, it added. Continue reading “HMSI recalls CB300R motorcycles to rectify headlight issue”

JSW MG Motor India expects 65% of total sales to be EVs by 2025 end

JSW MG Motor India expects 65% of total sales to be EVs by 2025 end

Source : PTI | JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024.

It had sold a total of 60,000 vehicles in 2024. At present, JSW MG Motor India sells three EV models — ZS, Comet and Windsor — and three internal combustion engine (ICE) vehicles — Hector, Astor and Gloster. Continue reading “JSW MG Motor India expects 65% of total sales to be EVs by 2025 end”

Delhi govt likely to offer up to ₹36,000 subsidy to women under EV Policy 2.0

Delhi govt likely to offer up to ₹36,000 subsidy to women under EV Policy 2.0

Source : PTI | The Delhi government is likely to provide a subsidy of up to ₹36,000 on purchase of an electric two-wheeler to women under its proposed Electric Vehicle (EV) Policy 2.0, officials on Friday said. The benefit can be availed by the first 10,000 women, who are holding a driving license, according to the policy draft accessed by PTI.

The proposal is under the government’s consideration and it will be approved soon. Continue reading “Delhi govt likely to offer up to ₹36,000 subsidy to women under EV Policy 2.0”

Maserati CEO says Stellantis remains committed to brand

Maserati CEO says Stellantis remains committed to brand

MILAN, (Reuters) – Carmaker Stellantis remains committed to its ailing luxury brand Maserati even as U.S. tariffs complicate the situation for the automotive industry in general, the brand’s head said on Friday.

A spokesman for Stellantis said earlier this week the group had hired consultant McKinsey to advise on the effects of the recently announced tariffs for Maserati and Alfa Romeo as the two brands prepare future plans. Continue reading “Maserati CEO says Stellantis remains committed to brand”

Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN

Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN

STOCKHOLM (Reuters) – Sweden’s Volvo Cars, which is controlled by Chinese auto maker Geely (GEELY.UL), will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday.

Volvo Cars is one of the most exposed automakers to U.S. President Donald Trump’s auto tariffs as it imports most of its hybrid and electric models from Europe. Continue reading “Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN”

French bikers race to buy Harleys before possible tariffs

French bikers race to buy Harleys before possible tariffs

PARIS, (Reuters) – Sales are brisk at the Villiers-Sur-Marne Harley-Davidson dealership outside Paris, where French bikers reckon they had better hurry if they want the American motorcycle of their dreams before trade war puts them out of reach.

“It’s now or never,” said 55-year-old carpenter Stephane Roger as he inspected the gleaming machines. He had been thinking about buying a Harley anyway, he said. But when he heard the news of U.S. President Donald Trump’s “Liberation Day” tariffs, he figured he had better hurry. Continue reading “French bikers race to buy Harleys before possible tariffs”

Group of ex-OpenAI employees back Musk’s lawsuit to halt OpenAI restructure

Group of ex-OpenAI employees back Musk’s lawsuit to halt OpenAI restructure

SAN FRANCISCO, (Reuters) – A dozen former OpenAI employees filed a legal brief on Friday backing co-founder Elon Musk’s lawsuit aimed at keeping the non-profit status of OpenAI, marking the latest development in the dispute over the future of the artificial intelligence firm.

Corporate leaders want to give investors control, drawing a host of concerns and a lawsuit from Musk and others who say business interests must be subordinated to humanitarian goals. Continue reading “Group of ex-OpenAI employees back Musk’s lawsuit to halt OpenAI restructure”

Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit

Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit

STOCKHOLM, (Reuters) – Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an undisclosed price.

Sweden’s Northvolt filed for bankruptcy last month in one of the country’s largest corporate failures, bringing to an end Europe’s best hope of developing a rival to Asian electric vehicle battery makers. Continue reading “Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit”

GM to halt EV van production in Ontario to adjust for market demand

GM to halt EV van production in Ontario to adjust for market demand

DETROIT, (Reuters) – GM is temporarily halting production of its electric commercial van at its assembly plant in Ontario due to slow sales, the company and the union representing workers there said.

The Detroit automaker is temporarily laying off 1,200 workers at the plant as a result, according to Unifor, the union representing the workers. The shutdown is not related to recently imposed auto tariffs, the company said. Continue reading “GM to halt EV van production in Ontario to adjust for market demand”

Harley-Davidson board member resigns, cites ‘grave concerns’ about company
Fishing boats tied up in Bay de Verde, Newfoundland, Canada

Fishing boats tied up in Bay de Verde, Newfoundland, Canada

BRASILIA (Reuters) – Brazil will pursue trade negotiations with the U.S. while reaffirming its support for multilateralism and seeking to expand its network of trade agreements, Foreign Trade Secretary Tatiana Prazeres said on Thursday.

“Our approach (with the U.S.) is to negotiate, negotiate, and negotiate – that’s what we’ve been doing,” Prazeres said at an event organized by the Brazil-China Business Council (CEBC). Continue reading “Fishing boats tied up in Bay de Verde, Newfoundland, Canada”

Canadian exporters inquire on trade insurance as Trump’s tariffs heighten risk

Canadian exporters inquire on trade insurance as Trump’s tariffs heighten risk

Summary

  • Allianz Trade in Canada seeing almost 10% jump in inquiries
  • Trade credit insurance taken up by very few Canadian exporters
  • Uncertainty around tariffs holding up insurance sales
  • Insurers expect higher demand in a few months

OTTAWA, (Reuters) – A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers said. Continue reading “Canadian exporters inquire on trade insurance as Trump’s tariffs heighten risk”

EU, China will look into setting minimum prices on electric vehicles, EU says

EU, China will look into setting minimum prices on electric vehicles, EU says

Summary

  • EU, China explore setting minimum prices on Chinese EVs
  • Negotiations set to start immediately
  • German auto industry supports negotiations

BERLIN, (Reuters) – The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday. Continue reading “EU, China will look into setting minimum prices on electric vehicles, EU says”

India Mourns the Loss of Shri Madhur Bajaj, former Vice Chairman, Bajaj Auto

India Mourns the Loss of Shri Madhur Bajaj, former Vice Chairman, Bajaj Auto

Today, India mourns the loss of Madhur Bajaj, a distinguished industrialist and former Vice Chairman of Bajaj Auto, who passed away in Mumbai at the age of 73. Born on August 19, 1952, he was the grandson of Jamnalal Bajaj, the founder of the Bajaj Group, and cousin to the late Rahul Bajaj.

Madhur Bajaj’s career was marked by significant contributions to the Bajaj Group and the broader Indian industry. He held key positions across various group companies, including Bajaj Auto, Bajaj Electricals, Bajaj Finance, and Maharashtra Scooters. His leadership extended beyond the corporate realm as he served as president of the Society of Indian Automobile Manufacturers (SIAM) and the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA). Continue reading “India Mourns the Loss of Shri Madhur Bajaj, former Vice Chairman, Bajaj Auto”

EV maker Polestar’s quarterly sales jump on offers, discounts

EV maker Polestar’s quarterly sales jump on offers, discounts

(Reuters) – Electric vehicle maker Polestar’s first-quarter sales jumped 76% on Thursday as discounts and offers helped offset stiff competition and an uncertain economic outlook.

It sold around 12,304 vehicles in the quarter, compared with 6,975 vehicles a year ago, when the Swedish company was navigating a rough patch caused by poor demand. Continue reading “EV maker Polestar’s quarterly sales jump on offers, discounts”

In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests

In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests

Summary

  • Tesla launches car sales in Saudi Arabia on Thursday
  • Comes ahead of Donald Trump’s expected visit to Riyadh
  • CEO Musk’s relations with Riyadh have improved since 2018 feud

RIYADH/DUBAI, (Reuters) – Tesla starts selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the holy city of Mecca there isn’t a single charging station. Continue reading “In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests”

Companies eye US expansion to lessen fallout from tariffs
Nuro secures $6 billion valuation in latest funding round

Nuro secures $6 billion valuation in latest funding round

(Reuters) – Autonomous driving technology startup Nuro said on Wednesday it fetched a valuation of $6 billion after raising $106 million in its latest funding round, as investors bet on what is often touted as the future of mobility.

The funding — backed by T Rowe Price Associates, Fidelity Management and Research, Tiger Global, Greylock Partners and XN — comes more than three years after Nuro’s last round that valued it at $8.6 billion at the height of venture-capital frenzy. Continue reading “Nuro secures $6 billion valuation in latest funding round”

Around 4,000 US transportation employees seek to take buyout, says official

Around 4,000 US transportation employees seek to take buyout, says official

WASHINGTON, (Reuters) – Around 4,000 employees of the U.S. Transportation Department have applied to take a new buyout offer that offers pay and benefits through Sept. 30, a department official told Reuters.

The figure is not final because it may include employees who are not eligible or some who sent more than one email seeking the buyout, the official said. Continue reading “Around 4,000 US transportation employees seek to take buyout, says official”

China and EU discuss trade in response to U.S.’ punitive tariffs

China and EU discuss trade in response to U.S.’ punitive tariffs

BEIJING, (Reuters) – China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday.

In a video call on Tuesday, China’s Commerce Minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading “China and EU discuss trade in response to U.S.’ punitive tariffs”

Trump draws criticism from Michigan business and auto groups as auto tariffs remain

Trump draws criticism from Michigan business and auto groups as auto tariffs remain

WASHINGTON, (Reuters) – President Donald Trump on Wednesday paused for 90 days many tariffs but is not halting 25% tariffs on automotive imports and looming tariffs on auto parts, drawing criticism from Michigan business and auto groups.

The Detroit Regional Chamber and MichiganAuto called on Trump to protect the automotive industry’s complex international supply chain framework from harmful fragmentation that weakens its global competitiveness. Continue reading “Trump draws criticism from Michigan business and auto groups as auto tariffs remain”

Ola Electric ropes in EY to bolster regional compliance amid retail expansion

Ola Electric ropes in EY to bolster regional compliance amid retail expansion

Source : PTI | Ola Electric Mobility has roped in Ernst & Young to strengthen regional compliances across its recently expanded distribution network in the country, according to sources familiar with the development. The company has initiated the move as it phases out its warehouse-based distribution system and transitions to a direct-to-store retail model.

As part of this transition, Ola Electric is eliminating the intermediate warehousing layer, allowing vehicles, spare parts, and accessories to be shipped directly from the factory to stores, sources said. Continue reading “Ola Electric ropes in EY to bolster regional compliance amid retail expansion”

Kolkata set to get India’s largest EV charging hub, second only to China

Kolkata set to get India’s largest EV charging hub, second only to China

Source : PTI | India’s largest single-site electric vehicle (EV) charging hub is set to come up in south Kolkata’s Thakurpukur area, claimed Ashhok Kapoor, the MD of EzUrja, which is building it. It will be the second-largest EV charging hub in the world with 300 chargers, he said, adding that China has the largest facility housing 650 chargers at a single location.

The facility will come up on a nearly two-acre abandoned plant of PSU Andrew Yule & Co, Kapoor told PTI.

Continue reading “Kolkata set to get India’s largest EV charging hub, second only to China”

Himachal govt approves installation of EV charging stations at 402 locations

Himachal govt approves installation of EV charging stations at 402 locations

Source : PTI | The Himachal Pradesh government has approved the installation of EV charging stations at 402 strategically selected locations, which include government premises such as PWD rest houses, circuit houses, offices of DCs and SPs, officials said on Wednesday. The plan entails setting up 252 charging stations in PWD rest houses, 19 in Jal Shakti rest houses, 18 in HPSEBL premises, 100 in the Forest Department rest houses, 12 at DC and SP office complexes, and one at the Baddi Barotiwala Nalagarh Development Authority (BBNDA) office, a statement issued here said.

“The objective of this initiative is to develop a seamless and efficient EV charging network across the state, which would support the adoption of EVs by government departments and encourage sustainable transportation, contributing to environmental conservation,” said Chief Minister Sukhvinder Singh Sukhu.

Continue reading “Himachal govt approves installation of EV charging stations at 402 locations”

Draft EV Policy 2.0 recommends phasing out of CNG-driven autorickshaws in Delhi

Draft EV Policy 2.0 recommends phasing out of CNG-driven autorickshaws in Delhi

Source : PTI | The draft of electric vehicle (EV) policy 2.0, which is likely to be announced soon by the Delhi government, recommends the phasing out of CNG-driven autorickshaws, officials said on Monday. As per the draft EV Policy 2.0, no CNG autorickshaw registration will be allowed from August 15 this year. The CNG auto permits will not be renewed from August 15 this year and all such permits will be substituted or re-issued with only e-auto permits.

The draft of policy also recommends phasing out fossil fuel-driven vehicles carrying solid waste deployed in large numbers by the civic bodies and city buses. Continue reading “Draft EV Policy 2.0 recommends phasing out of CNG-driven autorickshaws in Delhi”

Revolt Motors aims to expand EV dealerships to 400 by FY26

Revolt Motors aims to expand EV dealerships to 400 by FY26

Source : PTI | Rattan India Enterprises’ EV arm Revolt Motors on Tuesday said it plans to double its sales network to 400 dealerships in the country by end of this fiscal. The company said it has expanded its dealership to 200 locations multiplying the network by ten times over the last two years.

‘By the end of FY26, the company aims to reach 400 dealerships, further strengthening its national footprint,’ RattanIndia Enterprises said in a regulatory filing. Continue reading “Revolt Motors aims to expand EV dealerships to 400 by FY26”

Ultraviolette Automotive planning to establish retail presence in European countries

Ultraviolette Automotive planning to establish retail presence in European countries

Source : PTI | Ultraviolette Automotive, manufacturer of premium electric scooters and motorcycles, plans to establish retail presence in European countries, a company official said on Tuesday. The firm also set foot in Kolkata with two products in the electric motorcycle and electric scooter segment, he said.

CEO and co-founder of Ultraviolette, Narayan Subramaniam, said, “The company plans to go global between May and June with establishing its retail presence in the European markets of UK, Germany, Spain, Italy, Portugal and France.” Continue reading “Ultraviolette Automotive planning to establish retail presence in European countries”

South Korea announces emergency measures for auto industry hit by US tariffs

South Korea announces emergency measures for auto industry hit by US tariffs

Summary

  • Tariffs set to cause “significant” damage to auto industry, Seoul says
  • Government plans tax cuts, subsidies, and financing to boost domestic demand
  • Hyundai Motor maintains prices despite tariffs, plans $21 billion U.S. investment

SEOUL,  (Reuters) – South Korea on Wednesday announced emergency support measures for its auto sector, seeking to reduce the blow of U.S. President Donald Trump’s tariffs on a sector that has seen years of sharply rising exports to the United States. Continue reading “South Korea announces emergency measures for auto industry hit by US tariffs”

Cadillac ending production of three-row, gasoline-powered XT6 SUV

Cadillac ending production of three-row, gasoline-powered XT6 SUV

DETROIT, (Reuters) – General Motors GM.N is discontinuing the Cadillac XT6 gasoline-powered three-row SUV at the end of 2025, the automaker said on Tuesday.

The XT6 is built at Spring Hill Assembly in Tennessee where GM also produces the smaller gasoline-powered Cadillac XT5 SUV, which GM will continue making through the end of 2026. The Spring Hill plant also has the Cadillac electric SUVs Lyriq and Vistiq. Continue reading “Cadillac ending production of three-row, gasoline-powered XT6 SUV”

FBI looking into Tesla Supercharger damage incident, latest in series of vandalism acts

FBI looking into Tesla Supercharger damage incident, latest in series of vandalism acts

(Reuters) – The Federal Bureau of Investigation said it was looking into an incident that left a Tesla Supercharger station damaged in a city in Washington in the wee hours of Tuesday.

Electrek first reported the incident, saying an “explosion” led to a temporary shutdown of the charging station. Reuters could not independently verify if there was an explosion. Continue reading “FBI looking into Tesla Supercharger damage incident, latest in series of vandalism acts”

Volkswagen’s Europe EV sales more than double in first quarter

Volkswagen’s Europe EV sales more than double in first quarter

BERLIN, (Reuters) – The Volkswagen Group more than doubled its deliveries of battery-electric cars in Europe in the first quarter to over 150,000 from 74,400 in the same period last year, the carmaker said on Wednesday, in another sign that EV demand is picking up.

Orders for Volkswagen vehicles, both electric and combustion engine, rose 29% in Western Europe compared to last year, Volkswagen said, confirming numbers published by German newspaper Bild. Continue reading “Volkswagen’s Europe EV sales more than double in first quarter”

EV sales set for rapid growth; penetration likely to touch 12-13% over 5 yrs, says Hyundai COO

EV sales set for rapid growth; penetration likely to touch 12-13% over 5 yrs, says Hyundai COO

Source : PTI | The electric vehicle segment is set for rapid growth as its penetration in the domestic passenger vehicle segment may touch 12-13 per cent over the next 4-5 years amid favourable government policies and mainstream OEMs driving in models to cater to diverse customer needs, Hyundai Motor India Whole Time Director and COO Tarun Garg said. There is now clarity in the industry that electric vehicles are the way forward in the country, he added.

“Clarity was lacking earlier whether it would be EVs or hybrid or any other technology. Now, it is clear that all the policies favour the EVs,” Garg told PTI in an interaction. Continue reading “EV sales set for rapid growth; penetration likely to touch 12-13% over 5 yrs, says Hyundai COO”

Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT

Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT

Source : PTI | Tata Steel on Monday reported a 5 per cent fall in its consolidated steel production to 7.45 million tonnes (MT) for the last quarter of FY25, mainly due to ongoing transition at the company’s operations in the UK. The company had produced 7.85 MT in the January-March quarter of the preceding 2023-24 fiscal, with 0.31 MT coming from the UK plant.

In FY25, the consolidated steel production in India, the Netherlands, the UK and Thailand increased 3.53 per cent to 30.75 MT from 29.7 MT in FY24. Continue reading “Tata Steel consolidated output falls 5% to 7.45 MT in Q4; sales rise to 8.28 MT”

How has the EU watered down its countermeasures to US tariffs?

How has the EU watered down its countermeasures to US tariffs?

BRUSSELS, (Reuters) – The European Commission bowed to pressure from EU countries to water down countermeasures against U.S. President Donald Trump’s tariffs on steel and aluminium, removing U.S. bourbon from its list of targets.

The European Commission had planned to impose extra duties on up to 26 billion euros ($28.4 billion) of U.S. imports in response to U.S. 25% tariffs on steel and aluminium and drew up a list of products in mid-March. Continue reading “How has the EU watered down its countermeasures to US tariffs?”

Trump says Japan sending team for talks, Japan urges him to rethink tariffs

Trump says Japan sending team for talks, Japan urges him to rethink tariffs

Summary

  • Japan’s economy faces potential 0.8% growth loss due to US tariffs
  • Treasury’s Bessent, USTR Greer to lead US-Japan trade talks
  • Japan urges Trump to reconsider tariff policies
  • Japan among 50-70 countries seeking trade talks with US
  • China isolates itself by retaliating against US tariffs, Bessent says

WASHINGTON, (Reuters) – Japan is sending a team to negotiate on trade, U.S. President Donald Trump said, adding that he spoke earlier on Monday with Japanese Prime Minister Shigeru Ishiba, who separately said he told Trump to rethink tariff policies. Continue reading “Trump says Japan sending team for talks, Japan urges him to rethink tariffs”

Mercedes-Benz Q1 deliveries fall 7% on weaker demand in China, Europe

Mercedes-Benz Q1 deliveries fall 7% on weaker demand in China, Europe

(Reuters) – German carmaker Mercedes-Benz said on Monday its first-quarter unit sales of cars and vans fell 7%, hit by declining demand in China and Europe.

Deliveries fell to 529,200 cars and vans in the January-March period, compared with 568,400 units last year, while sales of battery electric vehicles dropped even more sharply by 10%, to 45,500 vehicles from 50,500 a year ago, the company said in a statement. Continue reading “Mercedes-Benz Q1 deliveries fall 7% on weaker demand in China, Europe”

EU Commission head discusses response to tariffs with auto, steel and pharma leaders

EU Commission head discusses response to tariffs with auto, steel and pharma leaders

Summary

  • EU already plans response to U.S. steel tariffs, industry wants more
  • Auto sector seeks negotiated solution, lower tariffs on US car imports
  • Pharma industry dodged latest round of tariffs, but faces future duties

BRUSSELS/LONDON, (Reuters) – European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was due to speak later to the automobile sector about how to respond to U.S. tariffs. Continue reading “EU Commission head discusses response to tariffs with auto, steel and pharma leaders”

Volkswagen’s Audi holding cars in U.S. ports due to autos tariff

Volkswagen’s Audi holding cars in U.S. ports due to autos tariff

Summary

  • Audi holding cars arrived after April 2 in ports – spokesperson
  • Has around 37,000 cars in U.S. inventory – spokesperson
  • Carmakers weighing how to respond to tariffs
  • Autos executives to meet with EU’s von der Leyen

BERLIN, (Reuters) – Volkswagen’s Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in U.S. ports, it said on Monday, as companies scramble to work out how they will be affected by the duties. Continue reading “Volkswagen’s Audi holding cars in U.S. ports due to autos tariff”

Trump adviser Navarro dismisses Musk as ‘car assembler’ after tariff comments

Trump adviser Navarro dismisses Musk as ‘car assembler’ after tariff comments

Summary

  • Navarro criticizes Musk’s call for zero tariffs with Europe
  • Musk advocates for free trade zone between US and Europe
  • Tesla’s reliance on foreign parts contrasts with Trump’s reshoring push
  • Navarro labels Musk a ‘car assembler’ due to foreign parts reliance
  • S&P 500 down over 20% from highs, nearing bear market

WASHINGTON, (Reuters) – Peter Navarro, President Donald Trump’s top trade adviser, on Monday dismissed tech-billionaire Elon Musk’s push for “zero tariffs” between the United States and Europe, calling the Tesla CEO a “car assembler” reliant on parts from other countries. Continue reading “Trump adviser Navarro dismisses Musk as ‘car assembler’ after tariff comments”