Summary

• India open to phased cut on car tariff to 10% from 100% -sources
• Carmakers propose minimum 30% tariff on limited imports -sources
• Tariff cuts win for VW, Mercedes, will hurt Tata, Mahindra
• EU, India want to conclude trade deal by end-2025

NEW DELHI, (Reuters) – The European Union wants India to eliminate tariffs on car imports under a long-pending trade deal and Prime Minister Narendra Modi’s government is willing to sweeten its current proposal to seal the talks, sources told Reuters. Continue reading “Exclusive: After Trump, EU seeks zero tariff from India on car imports, sources say”

BEIJING, (Reuters) – China’s Horizon Robotics announced on Monday that it would cooperate with Volkswagen on advanced driver assistance solution, extending its co-operation with the German automaker.

Its Horizon Superdrive smart driving solution will land in VW models through VW software unit Cariad’s research and development with Carizon – Cariad’s joint venture with Horizon Robotics, according to a company statement. Continue reading “China’s Horizon Robotics announces partnership with Volkswagen on advanced smart driving tech”

(Reuters) – Shares of India’s Tata Motors sank 10% on Monday, set for their worst day in over three years, as its luxury car unit Jaguar Land Rover paused exports of its British-made cars to the U.S. after President Donald Trump’s 25% tariff came into effect.

The slide on the day has taken the stock’s tumble to 22% since Trump announced the import duties on March 26. In that period the benchmark Nifty 50 has dropped 6.3%, including a 4% slump on the day. Continue reading “India’s Tata Motors slides 10% after luxury arm JLR pauses exports to US”

TOKYO, (Reuters) – Nissan Motor is considering shifting some domestic production of U.S.-bound vehicles to the U.S., the Nikkei reported on Saturday, as President Donald Trump ramps up trade tariffs on nations worldwide.

As early as this summer, Nissan plans to reduce production at its Fukuoka factory in western Japan and shift some manufacturing of its Rogue SUV to the United States to mitigate the impact of Trump’s tariffs, the business newspaper said, without citing the source of its information. Continue reading “Nissan considers transferring some domestic production to US, Nikkei says”

TOKYO, (Reuters) – Toyota aims to have about 15 electric vehicle models developed on its own by 2027 and is targeting production of about 1 million cars a year by then, the Nikkei newspaper said on Sunday.

Toyota declined to comment, saying the information was not announced by the company. Continue reading “Toyota to boost EV models to 15, targets producing 1 million by 2027, Nikkei says”

Summary

• EU retaliation proposal expected Monday, with vote on Wednesday
• EU seeks unity amid differing opinions on best response
• EU executive chief to host steel, cars, pharma CEOs

BRUSSELS, (Reuters) – European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump’s tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds. Continue reading “EU seeks unity in first strike back at Trump tariffs”

Source : PTI  | The Delhi government has announced the construction of a 5.5-kilometer-long elevated road in the Pushta Sonia Vihar area, aimed at easing traffic congestion and improving connectivity in the trans-Yamuna region. The project, with an estimated cost of ₹500 crore, has received approval from the Chief Minister Rekha Gupta, according to Public Works Department (PWD) Minister Parvesh Verma.

‘The local MLA and Minister Kapil Mishra has been pushing for this project. Due to the presence of many trees in the area, we have decided to construct a flyover instead of a conventional road. After discussions with the chief minister, the project has been approved, and work will commence following deliberations with the Flood Department,’ Verma said.

Continue reading “Delhi govt unveils ₹500 crore elevated road project to ease traffic in Pushta Sonia Vihar”

Source : PTI | BMW Group India is unfazed by the prospect of Tesla entering the electric vehicle market here and feels it will help grow the segment, according to its Managing Director and CEO Vikram Pawah. The group, which sold a total of 1,249 units of electric cars in India across two brands — BMW and MINI — has already sold 646 units in the first quarter of 2025 and is keeping its forecast of 15 per cent of its total sales in India coming from EVs, Pawah told PTI in an interview.

“I think the market should grow. Anytime there’s more competition, we’ve seen that the market grows,” he said when asked how BMW is looking at how the EV market will shape up with Tesla entering India.

Continue reading “Tesla’s entry will help grow EV market in India, not worried about competition: BMW”

Source : PTI | With cars and transport vehicles becoming more connected and software-driven, automotive cybersecurity is likely to become a standard feature much like airbags or traction control, according to industry experts. While many global players are racing to build cybersecurity solutions for the auto sector, some mobility platforms have begun testing Intrusion Detection and Prevention Systems (IDPS) and Vehicle Security Operations Centers, they said.

Next-generation vehicles face cybersecurity risks like tampering with internal vehicle network, GPS signal spoofing and remote control of steering and braking systems and others. Continue reading “Cybersecurity likely to become must-have feature in next-gen connected vehicles: Experts”

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”

(Reuters) – Nissan Motor said on Thursday it will not take new orders from the U.S. for two Mexican-built Infiniti SUVs, following auto tariffs levied by U.S. President Donald Trump, in a drastic scale-back of its operations at a joint venture plant.

Nissan also said it will now maintain two shifts of production of the Rogue SUV at its Smyrna, Tennessee, plant after announcing in January it would end one of the two shifts this month. Continue reading “Nissan says it will not take new US orders for Mexican-built Infiniti SUVs”

Summary

• Automakers offer discounts amid tariff uncertainty, boosting short-term sales
• Stellantis extends employee-discount program to wider market
• Senator Cruz says an automaker has warned of potential $4,500 price hikes due to tariffs

(Reuters) – Automakers are offering deals to anxious customers to ride a short-term surge in shopping, while also warning lawmakers that they will have to raise prices dramatically if tariffs remain in place for long. Continue reading “Automakers provide stable pricing for now, but warn of future hikes”

DETROIT, (Reuters) – Hyundai Motor is keeping sticker prices on its current model lineup steady for the next two months, the company said Friday, in an effort to ease shoppers’ concerns that fallout from tariffs will affect dealer lots.

“We know consumers are uncertain about the potential for rising prices and we want to provide them with some stability in the coming months,” José Muñoz, president and CEO of Hyundai Motor said in statement. Continue reading “Hyundai to keep vehicle prices steady until June amid tariff uncertainty”

Summary

• Protest against Musk’s political views hurting Tesla brand, sales
• 2025 sales seen falling 9% after disappointing Q1 – investor
• Anticipated cheaper car, refreshed Model Y demand seen key to 2025 growth
• Likely fall in sales expected after first-ever decline in 2024

(Reuters) – CEO Elon Musk pledged Tesla would return to growth this year after the company posted its first-ever sales decline in 2024. But the odds look stacked against him. Continue reading “Tesla investors brace for another year of sales decline as Musk backlash grows”

Source : PTI | Recyclers in India have collected 2,570.26 metric tonnes of lithium-ion waste batteries from electric vehicles (EVs) over the past three years, the government informed Parliament on Thursday. Union Minister of State for Environment Kirti Vardhan Singh shared this information in the Rajya Sabha in response to a question from Congress MP Renuka Chowdhury.

However, he did not disclose the total amount of lithium-ion waste batteries generated from EVs. Continue reading “Recyclers collected over 2,500 metric tonnes of lithium-ion EV waste batteries since 2022: Govt”

MEXICO CITY, (Reuters) – Sweden’s AB Volvo will increase its investment in the truck factory it is building in the northern Mexican state of Nuevo Leon to $1 billion, Mexico’s Economy Minister Marcelo Ebrard said on Thursday.

Volvo announced in August that it had chosen a site on the outskirts of the industrial hub Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory, putting construction costs at the time at $700 million. Continue reading “Volvo to boost Mexico plant investment to $1 billion, minister says”

Summary

• Stellantis pauses production in Mexico and Canada due to tariffs
• Automakers face 25% import tax on imported autos
• UAW criticizes Stellantis for unnecessary layoffs
• US automaker shares fall sharply

DETROIT, (Reuters) – Stellantis NV said on Thursday it was temporarily laying off 900 workers at five U.S. facilities and pausing production at one assembly plant each in Mexico and Canada, after U.S. President Donald Trump’s tariffs were announced. Continue reading “Stellantis to temporarily lay off 900 US workers as tariffs bite”

Summary

• GM to increase truck production at Fort Wayne plant
• 225-250 jobs to be added at Fort Wayne plant
• Temporary workers to be hired for operational adjustments

DETROIT, (Reuters) – General Motors plans to increase production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, it said in a webcast sent to plant employees on Thursday and viewed by Reuters, after President Donald Trump announced 25% tariffs on auto imports. Continue reading “Exclusive: GM to increase truck production in Indiana following Trump’s tariffs”

Source : PTI | German luxury carmaker BMW on Thursday reported a 7 per cent increase in its car sales in India at 3,914 units in the January-March period of 2025, its best ever first quarter sales, riding on its sports activity and electric vehicles. The group, which had sold 3,675 units in the first quarter of 2024, is looking at a double digit sales growth in 2025.

The BMW brand clocked 3,764 units while MINI recorded 150 units in the first quarter of 2025, BMW Group India said. Continue reading “BMW India sales up 7% at 3,914 units in Q1 2025”

Source : PTI | Rising input costs to meet mandatory safety requirements as well as growing consumer preference for features such as six airbags in all variants are making carmakers increase prices despite sluggish demand, according to industry players. Marker leader Maruti Suzuki India on Wednesday announced that it will increase prices of various models by Rs 2,500-62,000, from April 8, the second hike this year after increasing by up to Rs 32,500 across various models from February 1. Continue reading “Rising input costs to meet safety norms, consumer demand force carmakers to hike prices”

Source : PTI | The latest tariff measures by the US administration will not have any material impact on India’s passenger vehicle exports due to meagre volumes of such shipments, ICRA said on Thursday.

As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, US President Donald Trump on Wednesday announced 27 per cent reciprocal tariffs on India, saying New Delhi imposes high import duties on American goods. Continue reading “ICRA says US tariffs not to have any impact on passenger vehicle exports”

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Source : PTI | The Indian automobile industry does not expect to have any significant impact by US President Donald Trump’s reciprocal tariff announcement as autos are not covered in it, besides there are limited exports to the US, industry body SIAM said on Thursday. It is to be noted that automobiles are not covered in this order since they are already subject to Section 232 tariffs at 25 per cent, announced earlier in President Trump’s order on March 26, 2025, Society of Indian Automobile Manufacturers (SIAM) Director General, Rajesh Menon said in a statement.

“We don’t expect any significant impact on the Indian automobile industry since there are limited exports to the US, but we will continue to monitor the situation,” he noted. Continue reading “Don’t see any significant impact on Indian auto industry by US reciprocal tariff: SIAM”

Source : PTI | With US President Donald Trump revving up the tariff war, German luxury carmakers BMW and Mercedes-Benz in India on Thursday called for more free trade based on low tariffs and reduced trade barriers, saying it will be a win-win situation for all.

As part of reciprocal tariffs on about 60 countries to counter higher duties on American products imposed globally, the US on Wednesday announced 27 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. Continue reading “BMW, Mercedes-Benz call for free trade based on low tariffs, reduced trade barriers”

Summary

• Ford offers employee discount to all customers
• Ford builds 80% of U.S.-sold vehicles domestically
• Ford’s inventory exceeds industry average, boosting sales before price hike

DETROIT, (Reuters) – Ford Motor announced discounts across multiple models starting Thursday, leaning on its healthy inventory to offer customers thousands of dollars off as competitors hike prices to absorb tariff costs. Continue reading “Ford offers across-the-board discounts, jumping on recent tariff-induced sales bump”

Summary

• Beyond performance, powered by a 2.0-litre TSI petrol engine the all-new Tiguan R-Line features the 2.0-litre TSI EVO engine that delivers segment leading 204 PS of power and 320 Nm torque
• Beyond performance, experience unfiltered adrenalin while driving the all-new Tiguan R-Line, offered with a powerful engine mated to a 7-Speed DSG transmission coupled with 4MOTION all-wheel drive capability
• Beyond performance, redefine agility and comfort, with the all-new Tiguan R-Line, which comes equipped with DCC (Dynamic Chassis Control) Pro. The Tiguan R- Line also features a vehicle dynamics manager to control electronic differential lock (XDS) and lateral dynamics components of the shock absorbers
• Beyond safety, the all-new Tiguan R-Line is packed with advanced technology for a reassuring driving experience with 21 Level2 ADAS (Advanced Driving Assistance System) features

Beyond safety, the cabin of the all-new Tiguan R-Line offers a world of safety with segment leading 9-airbags, Tire Pressure Monitoring System, Hill Start Assist and Hill Descent Control, Front & Rear Disc Brakes and much more Continue reading “Progressive beyond performance, safety beyond features; the all-new Tiguan R-line”

Source : PTI | Indian auto component makers having manufacturing facilities in Canada and Mexico will face no significant impact of US President Donald Trump’s latest tariff war as the two countries have been exempted from additional duties. Due to the existing order under the International Emergency Economic Powers Act (IEEPA) related to fentanyl and migration, the White House confirmed that the new tariffs announced on Wednesday will not apply to Canada and Mexico.

Subsequently, US-Mexico-Canada Agreement (USMCA) compliant goods from both the countries will attract zero duty while non-compliant items will face a 25 per cent tariff.

Continue reading “Indian auto parts makers with plants in Canada, Mexico face no significant impact of US tariffs”

(Reuters) – India was slapped with a reciprocal tax by the United States on Wednesday, as President Donald Trump raised trade barriers on all goods entering America.

Below are some of the key points:

TARIFF RATE AND COMMENTS ON INDIA

A flat 26% tariff was imposed on all goods being exported by India to the United States, amidst reciprocal tariffs in the range of 10%-49% unveiled by Trump for other countries. Continue reading “How will Trump’s reciprocal tariffs impact Indian exports?”

Summary

• CCPIT, CCPIT Shanghai in dispute over who has organising rights
• Automaker sources say conflict has sowed confusion
• Auto China is China’s showpiece auto event

SHANGHAI, (Reuters) – The government backers of China’s largest auto show have clashed over who has the rights to organise it, sowing confusion among automakers and would-be attendees just weeks before the opening of the showpiece event in the world’s biggest auto market. Continue reading “China’s main auto show cast in unwelcome spotlight as government backers clash”

Summary

• India to lower EV tariffs in trade deal with the US, sources say
• Duty cut a boost for Tesla, setback for India’s Tata, Mahindra
• Carmakers fear immediate cuts will hurt investments, sources say
• Fear US deal will set precedent for EU, UK talks, sources say

NEW DELHI, (Reuters) – India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters. Continue reading “Exclusive: India backs EV tariff cuts for Trump trade deal, defying autos lobby, sources say”

Summary

• Nissan’s US sales reliant on Mexican production
• Japanese automakers face profit challenges from US tariffs, Goldman Sachs says
• Weak yen could offset some tariff impact for Japanese automakers

TOKYO, (Reuters) – Japanese automakers have long relied on the “dependable and affordable” appeal of their economy cars to drive U.S. sales, thanks in part to low-cost production in Mexico. Now, U.S. President Donald Trump is turning that business model on its head. Continue reading “US tariffs upend Japanese carmakers’ Mexico gambit – and add to Nissan’s woes”

Summary

• Ford to offers employee discount to all customers
• Ford builds 80% of U.S.-sold vehicles domestically
• Ford’s inventory exceeds industry average, boosting sales before price hike

DETROIT, (Reuters) – Ford Motor plans to announce discounts across multiple models starting Thursday, three sources said, leaning on its healthy inventory to offer customers thousands of dollars off as competitors hike prices to absorb tariff costs. Continue reading “Exclusive: Ford to offer across-the-board discounts, jumping on recent tariff-induced sales bump”

Summary

• Tesla’s sales drop to the weakest in nearly three years
• Sales decline was more pronounced than analysts’ expectations
• Tesla faces competition from BYD, Volkswagen, and BMW
• Shares fall 7% in after-market trading after Trump tariff announcement

(Reuters) – Tesla’s quarterly sales plunged 13% to the weakest in nearly three years, hurt by a backlash against CEO Elon Musk’s politics, rising global competition and people waiting for a refresh to its highest-selling electric vehicle Model Y. Continue reading “Tesla quarterly sales plunge as Musk backlash grows”

WASHINGTON, (Reuters) – U.S. President Donald Trump’s 25% auto tariffs will cover more than $460 billion worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wednesday.

The update of Trump’s auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3, a month after Thursday’s midnight activation of 25% tariffs on vehicle imports. Continue reading “Trump’s auto tariffs to cover more than $460 billion of US vehicle, parts imports”

Source : PTI | Toyota Kirloskar Motor on Tuesday reported its highest ever sales in a financial year 2024-25 driven by robust demand for both SUVs and multi-purpose vehicles. The company said it dispatched 3,37,148 units to dealers last fiscal year, a growth of 28 per cent as compared with 2,63,512 units in FY24.

In March, the company sold 30,043 units, a growth of 11 per cent, as compared with 27,180 units in the same month last year. Continue reading “Toyota reports best-ever sales in FY25 at 3,37,148 units”

Source : PTI | Honda Cars India on Tuesday said its domestic sales increased 2 per cent year-on-year to 7,228 units in March. The automaker dispatched 7,071 units to dealers in March last year.

Export declined to 4,656 units last month as compared with 6,860 units in March last year.

The company said it registered total sales of 1,26,151 units in FY25 against 1,24,173 units in FY24. Continue reading “Honda Cars sales up 2% to 7,228 units in March”

Source : PTI | Japanese two-wheeler maker Suzuki Motorcycle on Tuesday reported its highest-ever annual sales in India at 12,56,161 units for 2024-25, growing by 11 per cent year-on-year compared to 11,33,902 units sold in the financial year ended in March 2024. The total sales for FY 2024-25 include record domestic sales of 10,45,662 units, a 14 per cent rise from 9,21,009 units sold in FY24, Suzuki Motorcycle India Pvt Ltd said.

The company also exported 2,10,499 two-wheelers in 2024-25 against 2,12,893 two-wheelers in 2023-24. Continue reading “Suzuki Motorcycle sales rise by 11% to 12.56 lakh in FY25”

(Reuters) – Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter.

The two companies, both controlled by the central government, have conducted detailed discussions on how to merge their operations and informed their foreign partners of the merger discussions, the report said. Continue reading “Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports”

Summary

• US auto tariffs override AGOA duty-free benefits
• Industry body assesses impact of tariffs on car industry
• US tariffs could impact South African economy, says minister
• South Africa’s vehicle exports to U.S. valued over $2 billion

JOHANNESBURG, (Reuters) – South Africa will seek a meeting with U.S. authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the United States. Continue reading “South Africa plans US meeting on looming auto tariffs”