Commerce and Industry Minister Piyush Goyal on Wednesday said negotiations for the India-EU free trade agreement are progressing, and a rough outline of the pact has been prepared.
He said both sides are committed to an early conclusion of the deal.
“Ek free trade agreement ki motee-motee roop rekha taiyaar ho gayee hai (a rough outline of a free trade agreement has been prepared),” Goyal told reporters here. Continue reading “India, EU committed for early conclusion of FTA negotiations: Goyal”
The Maharashtra State Road Transport Corporation (MSRTC) will acquire 8,000 new buses by 2026, of which the tender process for 3,000 vehicles has already been completed, state transport minister Pratap Sarnaik said on Wednesday.
The bus organisation will also get ₹2,893 crore through supplementary demands, and it will include the amount provisioned for staff salaries and clearing their pending dues, he said in the legislative council. Continue reading “MSRTC to get 8,000 new buses by 2026: State transport minister Pratap Sarnaik”
BEIJING/SINGAPORE, (Reuters) – ByteDance and Alibaba (9988.HK), have asked Nvidia (NVDA.O), about buying its powerful H200 AI chip after U.S. President Donald Trump said he would allow it to be exported to China, four people briefed on the matter told Reuters.
The Chinese companies are keen to place large orders for Nvidia’s second most powerful artificial intelligence chip, should Beijing give them the green light, two of the people said. However, they remain concerned about supply and are seeking clarity from Nvidia, one added. Continue reading “Exclusive: ByteDance, Alibaba keen to order Nvidia H200 chips after Trump green light, sources say”
PARIS, (Reuters) – Renault (RENA.PA), will jointly develop small, cheaper electric vehicles for Ford (F.N), for the European market and will also team up to produce commercial vans to cut costs and fend off rising competition from Chinese rivals, the companies said on Tuesday.
“We know we’re in a fight for our lives in our industry,” Ford CEO Jim Farley told reporters in Paris on Monday ahead of the announcement, when describing Ford’s response to the threat posed by cheaper Chinese competition. “There is no better example than here in Europe.” Continue reading “Ford to use Renault tech, plants to battle cheap Chinese EVs in Europe”
(Reuters) – Car buyers worldwide are returning to combustion engines as a result of policy reversals, trade wars and growing skepticism about EV infrastructure and costs, a report by professional services group EY showed on Tuesday.
In a push to ease sales of gasoline-powered cars, U.S. President Donald Trump last week proposed slashing fuel economy standards finalised by his predecessor, while the European Union might soon unveil a watered-down version of its 2035 combustion engine phase-out. Continue reading “Combustion engine cars regain popularity worldwide, EY says”
SEOUL, (Reuters) – South Korean battery maker SK On said on Thursday that it has decided to end its joint venture with Ford Motor (F.N), opens new tab for their joint battery factories in the U.S. as part of a business overhaul to focus on growth areas like energy storage systems.
The split marks a reset for one of the major U.S. electric vehicle battery partnerships, coming as slowing EV demand and the loss of U.S. subsidies push South Korean battery makers to reshape their U.S. strategies and accelerate expansion into the energy storage systems business. Continue reading “South Korea’s SK On, Ford Motor to end US battery joint venture”
(Reuters) – Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor (F.N), opens new tab were included in the first batch of new export licenses issued by Beijing to boost shipments and reduce shortages of the vital components, the carmaker said on Wednesday.
The so-called general licenses were agreed after Presidents Xi Jinping and Donald Trump met in South Korea and will reportedly allow larger shipments with fewer hurdles under year-long permits for individual customers. Continue reading “Ford suppliers receive China’s new streamlined rare-earth licenses”
MILAN/DETROIT/PARIS, (Reuters) – New Stellantis CEO Antonio Filosa is prioritising vehicle sales growth over profits including resorting to lower-margin fleet sales and investing in affordable models to recapture market share in North America and Europe and get the world’s No. 4 automaker back on track, four sources familiar with the matter told Reuters.
Filosa, who took over in June, has launched what one source described as an “emergency room” operation to fix the mess left by his predecessor Carlos Tavares – who sought high margins through a combination of cost-cutting and price hikes that sparked a customer exodus. Continue reading “Inside Stellantis CEO’s ’emergency room’ rush to recapture market share”
Summary
WASHINGTON, (Reuters) – The Trump administration’s proposal to roll back Biden-era vehicle fuel-efficiency standards may save automakers in the U.S. tens of billions of dollars and potentially lower upfront purchase costs for American car buyers. Continue reading “Trump fuel economy rollback may make cars cheaper, but higher gas bills will absorb savings”
Summary
MEXICO CITY, (Reuters) – Mexican lawmakers are slated to begin debate this week on a bill to raise tariffs on goods from China and other Asian countries, three ruling party lawmakers told Reuters, amid fierce opposition from China and Mexican business groups. Continue reading “Mexican lawmakers to debate China tariffs proposal, may soften blow on steel and auto parts”
(Reuters) – Car buyers worldwide are returning to combustion engines as a result of policy reversals, trade wars and growing skepticism about EV infrastructure and costs, a report by professional services group EY showed on Tuesday.
In a push to ease sales of gasoline-powered cars, U.S. President Donald Trump last week proposed slashing fuel economy standards finalised by his predecessor, while the European Union might soon unveil a watered-down version of its 2035 combustion engine phase-out. Continue reading “Combustion engine cars regain popularity worldwide, EY says”
Source : PTI | India, a sovereign nation, is free to buy oil from sources it considers beneficial, the Kremlin said on Monday, while expressing confidence that New Delhi will stick to the policy of ensuring its economic interests.
On August 6, the US imposed additional 25 per cent tariffs on India for its purchase of oil and petroleum products from Russia. At the end of August, US tariffs on imports of Indian goods and services were increased to 50 per cent. Continue reading “India free to buy oil from sources it considers beneficial: Kremlin”
BERLIN, Dec 8 (Reuters) – Only a handful of automotive companies are likely to sustain ambitious artificial intelligence investment in the coming years, a study released on Monday showed, raising doubts over whether current industry “euphoria” will deliver lasting benefits.
By 2029, just 5% of automakers will maintain strong AI investment growth, down from over 95% today, technology research firm Gartner said in its report on 2026 predictions for the sector. Continue reading “Only a few automakers to keep up AI push, Gartner says”
BEIJING, (Reuters) – China’s annual car sales dropped 8.5% in November in a second straight monthly decline, for their biggest fall in 10 months, data showed on Monday, amid a waning scramble to buy vehicles before government subsidies dwindle at year-end. Continue reading “China’s car sales extend decline in November in biggest drop in 10 months”
FRANKFURT, (Reuters) – Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe’s top automaker faces a major crisis in its two key markets, China and the United States.
Total spending, updated annually as part of Volkswagen’s rolling five-year investment plan, compares with 165 billion euros for the 2025-2029 period and 180 billion for 2024-2028, with 2024 marking a peak. Continue reading “Volkswagen to invest $186 billion through 2030, CEO says”
Source : PTI | Union Minister Nitin Gadkari on Thursday said the current system of toll collection will come to an end within a year, replaced by an electronic system that will ensure a seamless experience for motorists on highways.
The new system has been rolled out in 10 places and will be extended across the country within a year, the Union minister of road transport and highways said in the Lok Sabha during Question Hour. Continue reading “New barrier-free highway toll collection system to be in place within a year: Gadkari”
WASHINGTON, Dec 4 (Reuters) – A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet (GOOGL.O), unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the school year.
The National Highway Traffic Safety Administration opened a probe in October after an incident in Georgia in which a Waymo car did not remain stationary when approaching a school bus with its red lights flashing and stop arm deployed. Continue reading “US probes reports Waymo self-driving cars illegally passed school buses 19 times in Texas”
WASHINGTON, (Reuters) – Alphabet (GOOGL.O), unit Waymo said Friday it would issue a recall for its self-driving vehicles after Texas officials said they illegally passed school buses at least 19 times since the start of the school year.
The National Highway Traffic Safety Administration, which opened a probe in October into Waymo vehicles near school buses, had asked the self-driving car company on Wednesday to answer questions about the Texas incidents by January 20. Continue reading “Waymo to issue recall over self-driving vehicles driving past stopped school buses”
(Reuters) – Ford (F.N), has recalled 108,762 vehicles in the U.S. over issues with an improperly secured liftgate hinge cover that could detach from the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The recall covers certain 2020–2022 Escape and 2025 Escape models. Dealers will inspect and reinstall or replace any missing liftgate hinge covers as needed, free of charge, the regulator said. Continue reading “Ford recalls nearly 109,000 vehicles, NHTSA says”
Source : PTI | Amid air pollution in Delhi, Road Transport and Highways Minister Nitin Gadkari on Thursday said the central government is giving priority to alternative fuels, and he has started using Toyota’s ‘Mirai’ hydrogen fuel-cell car.
“The futuristic fuel is hydrogen.. I have also got a car, which is hydrogen, and the car is from Toyota … It gives the same comfort as Mercedes. The name of the car is Mirai, which is a Japanese word meaning future,” Gadkari said during Question Hour in the Lok Sabha. Continue reading “Nitin Gadkari says using Toyota’s ‘Mirai’ car running on futuristic hydrogen fuel”
WASHINGTON, (Reuters) – Canada and Mexico should not be used as export hubs for China, Vietnam, Indonesia and other countries, U.S. Trade Representative Jamieson Greer said on Thursday, saying that this was already happening in some cases in Mexico.
Greer told a conference in Washington that there were problems with the U.S.-Mexico-Canada trade agreement that he had helped negotiate during President Donald Trump’s first term, but some measures – including tariffs on foreign autos – were helping to correct issues. Continue reading “Canada and Mexico should not be export hubs for China, says USTR”
STOCKHOLM, (Reuters) – Tesla (TSLA.O), launched the new, lower-priced version of its Model 3 car in Europe on Friday, a few months after releasing it in the United States, the company’s website showed.
The new Model 3 Standard is aimed at reinvigorating demand, the electric vehicle maker has said. Continue reading “Tesla launches low-cost Model 3 variant in Europe”
WAF THINK TANK
Why Every Auto Maker and Dealer needs to Learn this Secret to earn Higher Profits? WAF
Auto Events and Programs in December in New Delhi Aerocity | Must Attend Auto Event in Delhi IVASS
CarPhD Awards create History and Evoke Euphoria amongst Car Companies! CarPhD Continue reading “WAF Auto News | The Auto World This Week (5th December 2025)”
by WAF Think Tank
JSW MG Motor India has rolled out an exciting new nationwide initiative — the Midnight Carnival, a first-of-its-kind late-night retail and customer engagement campaign designed to bring a fresh, energetic twist to car buying in India. The campaign aims to create a festive, immersive, and celebratory environment for customers across MG dealerships in the country.
The Midnight Carnival will see MG showrooms extend their operating hours late into the night, transforming into vibrant, experience-centric spaces where customers can explore the MG lineup in a relaxed, fun, and unconventional setting. With themed décor, curated offers, interactive activities, and personalised consultations, the initiative blends retail with entertainment — a move that reflects MG’s commitment to reinventing mobility experiences for modern India.
Continue reading “JSW MG Motor India Launches ‘Midnight Carnival’ Campaign Across the Country”
By WAF Auto News
In a landmark achievement for the Czech automaker, Škoda Auto India has crossed the 5,00,000 cumulative sales milestone, marking one of its strongest growth phases in the country. The company reported a stunning 90% year-on-year growth, underscoring its accelerated momentum in one of the world’s most competitive auto markets.
Škoda’s record-breaking performance is driven by the overwhelming success of its India-focused product strategy, including the MQB-A0-IN platform that has spawned segment leaders like the Kushaq and Slavia. These models have consistently delivered strong monthly numbers, helping the brand expand its footprint beyond traditional metro markets.
Ashish Gupta, Brand Director, Škoda India, attributed the company’s success to its expanding dealer network, customer-focused ownership programs, and diverse product lineup.
Continue reading “Škoda India Crosses 5 Lakh Units Milestone, Grows 90% YoY”
BRUSSELS, (Reuters) – The European Commission has started a review of the anti-subsidy tariffs on Volkswagen’s (VOWG.DE), electric vehicles built in China, which could lead to them being replaced with a minimum price undertaking, the EU official journal said on Thursday.
The Commission, which set tariffs on China-built EVs in October 2024, said it had received an offer of an undertaking from VW Anhui and its review would assess whether it was acceptable and practical. Continue reading “EU reviews removing tariffs on VW EVs built in China”
(Reuters) – Chrysler parent Stellantis (STLAM.MI), opens new tab is recalling 72,509 Ram vehicles in the U.S. due to a software glitch in the instrument panel display that is causing it to go blank, the U.S. National Highway Traffic Safety Administration said citing a release submitted to the regulator on Monday. Continue reading “Stellantis to recall 72,509 US vehicles over software glitch, NHTSA says”
New Delhi : The Society of Indian Automobile Manufacturers (SIAM) today concluded the week-long 11th Safe Mobility Inter-School Road Safety Competition and its Annual Teachers’ Meet, reinforcing its commitment to promoting road safety awareness among students and educators. Continue reading “SIAM Concludes 11th Safe Mobility Inter-School Competition and Annual Teachers’ Meet on Road Safety Education”
Source : PTI | Auto components supplier ZF Commercial Vehicle Control Systems India has secured a mandate from an e-mobility commercial vehicle manufacturer to develop and calibrate an Advanced Driver Assistance Systems (ADAS) suite tailored to the upcoming Indian safety regulation, the company said on Wednesday.
The mandate includes key ADAS components and systems designed for coaches, heavy-duty trucks, and tractor-trailers, ensuring robust performance across diverse commercial vehicle platforms, the Indian subsidiary of the German parts supplier said. Continue reading “Systems India secures mandate from e-mobility commercial vehicle maker for ADAS suite”
(Reuters) – Michelin (MICP.PA), Forvia (FRVIA.PA), and Stellantis (STLAM.MI), reached an agreement over the restructuring and refinancing of hydrogen fuel cell firm Symbio, the jointly owned company said on Wednesday.
The future of the joint venture has been uncertain since carmaker Stellantis, which accounted for 80% of Symbio’s business volume, discontinued its hydrogen fuel cell technology programme in July. Continue reading “Michelin, Forvia and Stellantis agree on Symbio restructuring plan”
SAN FRANCISCO, (Reuters) – Shares of Aeva Technologies (AEVA.O), a Silicon Valley-based maker of lidar units that help autonomous vehicles sense their surroundings, rose more than 18% in midday trading on Wednesday after the company announced an exclusive deal to supply a European maker of passenger vehicles.
Aeva did not name the automaker, but analysts at Morgan Stanley and Canaccord Genuity last month said in research notes they believe the customer is Mercedes-Benz (MBGn.DE). Continue reading “Aeva shares soar after deal with European automaker”
Summary
WASHINGTON, (Reuters) – President Donald Trump on Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in a push to make it easier for automakers to sell gasoline-powered cars. Continue reading “Trump proposes slashing fuel economy rules in boost for gas vehicles”
(Reuters) – Sweden-based Volvo Cars (VOLCARb.ST), on Wednesday reported a slump in November sales, continuing a decline this year amid pressure from trade tariffs and subdued demand in the United States.
Volvo Cars, which is majority-owned by China’s Geely Holding (GEELY.UL), said in a statement it sold 60,244 cars in November, a 10% drop from a year earlier, taking its year-to-date volume decline to 8%. Continue reading “Volvo Cars sales fall 10% in November, says US market subdued”
(Reuters) – Tesla’s (TSLA.O), UK car registrations fell by 19% in November, preliminary data from research group New AutoMotive showed on Thursday, following steep drops reported in other European markets for the month.
November registrations, a proxy for sales, of Tesla cars in the UK fell to 3,784 from 4,680 cars sold in the same month last year, the data showed. Continue reading “Tesla’s UK car sales fall in November, New Automotive data shows”
Marelli, a global mobility technology supplier to the automotive sector, unveiled today its new solution for Intelligent Energy Management for hybrid and electric vehicles at CTI Europe 2025, in Berlin (Germany). The system is modular, and it’s based on a proprietary software which can be integrated with vehicle and zonal control units and thermal components. This solution enables seamless coordination across the vehicle’s three main energy domains: thermal, propulsion and electronics.
This holistic approach to vehicle energy optimization maximizes efficiency across all vehicle systems, delivering enhanced battery range, optimized fast charging and improved longevity, all while maintaining superior cabin comfort and operational reliability. Marelli’s new Intelligent Energy Management system is aimed at advancing both hybrid and electric propulsion solutions, as well as Software-Defined Vehicle (SDV) technologies. Continue reading “Marelli unveils Intelligent Energy Management technology for hybrid and electric vehicles at Berlin CTI Symposium 2025”
New Delhi : Maruti Suzuki India Limited (“Maruti Suzuki”) was presented with a comprehensive 5-star Bharat NCAP safety rating for its e VITARA – India’s First Global EV, by Shri Nitin Gadkari. The e VITARA voluntarily submitted for Bharat NCAP assessment strengthens the Company’s 5 star Bharat NCAP-rated vehicle portfolio, alongside All-New Dzire, VICTORIS and INVICTO. Continue reading “India’s First Global EV, Maruti Suzuki e VITARA receives 5-star Bharat NCAP safety rating”
New Delhi : Maruti Suzuki India Limited (Maruti Suzuki) announces a historic signing of collaboration agreements with 13 Charge Point Operators (CPOs) and aggregators. Mr. Hisashi Takeuchi, Managing Director & CEO, and Mr. Partho Banerjee, Senior Executive Officer, Marketing & Sales, from Maruti Suzuki India Limited, and other senior dignitaries from CPOs. Continue reading “India Goes Electric with Maruti Suzuki. One India, One EV Charging platform.”
(Reuters) – Two stories both headlined “Chinese autonomous driving firm Momenta files for Hong Kong IPO, sources say”, carried on Dec 2 and updated on Dec 3 are wrong and have been withdrawn. There will be no replacement story at this time.
Continue reading “Stories on Momenta filing for Hong Kong IPO withdrawn”
BEIJING (Reuters) – Tesla’s (TSLA.O), China-made electric vehicle sales rose 9.9% in November from a year earlier, as the U.S. automaker grapples with intense competition in China and Europe.
Sales of Model 3 and Model Y vehicles made at Tesla’s Shanghai factory, including exports to Europe and other markets, were up 41.0% from October, data from the China Passenger Car Association showed on Tuesday. Continue reading “Tesla’s China-made EV sales rise 9.9% in November”
