Summary

• The U.S. auto workers union estimates it missed out on $80 million in potential stock gains
• UAW failed to follow its policy on asset allocation, missing bull market
• Federal monitor investigating UAW’s investment decisions

DETROIT, (Reuters) – The United Auto Workers’ leadership is mired in turmoil over allegations of an investment blunder that officials say cost the union about $80 million in potential gains from its financial portfolio, according to seven UAW officials and employees and union documents reviewed by Reuters. Continue reading “Exclusive: UAW investment blunder cost the union an estimated $80 million, documents show”

Source : PTI | Adani Group has commissioned India’s first off-grid 5 megawatt green hydrogen pilot plant in Kutch, Gujarat, the conglomerate said in a statement on Monday.

An off-grid green hydrogen plant is a facility that produces hydrogen using electrolysis powered by renewable energy sources, such as solar or wind, and is not connected to the main electrical grid. This means the plant relies entirely on its own renewable energy generation for the hydrogen production process. Continue reading “Adani commissions India’s 1st off-grid green hydrogen pilot plant”

India has ramped up purchases of Russian oil in June, importing more than the combined volumes from Middle Eastern suppliers such as Saudi Arabia and Iraq, amid market volatility triggered by Israel’s dramatic attack on Iran.

The US military struck three sites in Iran early Sunday, directly joining Israel which first struck Iranian nuclear sites on June 13. Continue reading “Iran-Israel War: India ramps up oil imports from Russia, US in June”

Source : PTI | Heavy vehicles descending the Bhor Ghat section of the Mumbai-Pune Expressway might soon move down the slope a bit faster, with authorities considering an increase in the existing speed limits, officials and transporters have said.

Deliberations are underway to raise the speed limit for heavy vehicles like trucks and buses from the current 40 kmph to 45-50 kmph on the downward incline of the Pune-Mumbai arm, also known as the Khandala Ghat. A decision is likely to be taken soon, they said. Continue reading “Speed limit likely to rise for heavy vehicles on Mumbai-Pune Expressway’s ghat stretch”

(Reuters) – Electric car maker Tesla started a trial of its long-awaited robotaxi service in Austin, Texas, on Sunday, the first step toward what could be a showdown with Alphabet’s (GOOGL.O) Waymo, the only player currently offering fully autonomous paid rides in the United States.

Tesla Chief Executive Elon Musk has started off with about 10 Model Ys and promised to focus on safety. He says Tesla could scale quickly, and he plans a separate robotaxi vehicle. Continue reading “How Tesla’s robotaxi efforts stack up against Waymo and Zoox”

LONDON, (Reuters) – Britain will aim to cut the electricity bills of thousands of companies under a new industrial strategy to be published on Monday, heeding calls from business to lower high energy costs that they say have damaged competitiveness and hindered growth.

Under an industrial strategy for the decade 2025-2035, the government plans to cut the bills of electricity-intensive manufacturers by up to 25% from 2027, a move it said could benefit more than 7,000 businesses. Continue reading “Britain to cut companies’ energy bills in new industrial strategy”

Summary

• Musk emphasizes safety, limits robotaxi operations to specific conditions
• Republican Texas governor signs bill regulating autonomous vehicles
• Law does not take effect until September
• About 10 cars carry invited riders in limited area, with no one behind wheel

AUSTIN, (Reuters) – Tesla deployed a small group of self-driving taxis picking up paying passengers on Sunday in Austin, Texas, with CEO Elon Musk announcing the “robotaxi launch” and social-media influencers posting videos of their first rides. Continue reading “Tesla rolls out robotaxis in Texas test”

PARIS, (Reuters) – With Chinese automakers pushing into Europe, Stellantis and Renault are lobbying for a new, less-regulated category of small cars with fewer safety features, making them cheaper to build.

Over the last two months, Stellantis Chairman John Elkann and Renault CEO Luca de Meo have engaged in a rare public campaign to get the European Union to consider the matter. Continue reading “Fearing China’s small car rivals, Stellantis, Renault lobby EU for fewer rules”

(Reuters) – Tesla is expected to tiptoe into its long-awaited robotaxi service in Austin, Texas, as soon as Sunday with about 10 of its Model Y SUVs that will operate within strict limits. CEO Elon Musk has said the company is being “super paranoid” about safety and that humans will remotely monitor the fleet.

Remote access and control – known in the industry as “teleoperation” – is used in varying degrees by the handful of robotaxi startups operating around the globe. The technology has clear advantages and important limitations. Continue reading “How is Tesla expected to remotely control its robotaxis, and what are its limitations?”

(Reuters) – Japanese carmaker Toyota Motor Corp will raise prices of some vehicles it sells in the U.S. by more than $200 from July, Bloomberg News reported on Friday.

Some Toyota- and Lexus-branded models will have their prices increased by an average of $270 and $208, respectively, the report said, citing Nobu Sunaga, a spokesman for the company. Continue reading “Toyota to raise US auto prices by more than $200 from July, Bloomberg News reports”

Summary

• Stellantis hired McKinsey in early April
• Stellantis spokesperson says Maserati is not for sale
• Analysts urge streamlined brand portfolio for better profit margins

MILAN, (Reuters) – Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands. Continue reading “Jeep maker Stellantis weighs sale among options for Maserati”

Source : PTI | Tata Motors is working with the government and is also taking steps to procure magnets from alternate sources in the wake of China restricting exports of rare earth elements, company Chairman N Chandrasekaran told its shareholders on Friday.

Responding to queries from shareholders on the impact of China’s move to restrict exports of rare earth elements and shortage of magnets, he said, “As of now, this is not a concern, but this is something that we are watching very carefully.” Continue reading “Tata Motors working with govt, looking alternate sources for magnets: Chairman N Chandrasekaran”

BEIJING, (Reuters) – A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city regulator said on Thursday.

The win for a 50-year lease to the 485,134 square metre-large plot of land was announced by Beijing’s municipal planning and natural resources commission. Continue reading “Xiaomi unit wins land tender in Beijing for EV manufacturing”

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Source : OutLook | In a significant move to make its electric SUV more accessible, JSW MG Motor India has slashed the prices of the MG ZS EV by up to Rs. 6.14 lakh. With this revision, the Hyundai Creta EV rival now starts at Rs. 17.99 lakh (ex-showroom), positioning it more competitively in the growing electric vehicle market.

The updated price list covers five variants: Executive, Excite Pro, Exclusive Plus, 100-Year Edition, and Essence, with the top-spec Essence Dual Tone Iconic Ivory receiving the biggest price cut of Rs. 6.14 lakh. Here’s a look at the variant-wise new pricing and reductions: Continue reading “MG ZS EV Gets Up to Rs. 6.14 Lakh Price Cut; New Prices Start at Rs. 17.99 Lakh”

PARIS, (Reuters) – Stellantis has asked for 82,000 Citroen C3 and DS3 vehicles in France with faulty Takata airbags to be removed from roads, a company spokesperson said on Thursday, one week after a woman in Reims died from injuries sustained by one of the airbags in a 2014 Citroen C3.

All C3 and DS3 vehicles produced between 2014 and 2019 are now subject to the “stop drive” recall, the spokesperson said. To date, the company has repaired 481,000 cars in France with the airbags out of 690,000. Continue reading “Stellantis asks for thousands of Citroen cars with faulty airbags to be removed from roads”

BEIJING, (Reuters) – A Xiaomi unit has won a tender to buy a plot of land in Beijing close to its existing car factory for 635 million yuan ($88 million), which it plans to use for a smart connected car and components project, a city regulator said on Thursday.

The win for a 50-year lease to the 485,134 square metre-large plot of land was announced by Beijing’s municipal planning and natural resources commission. Continue reading “Xiaomi unit wins land tender in Beijing for EV manufacturing”

Summary

• EU and U.S. are seeking a trade deal by July 9
• Trump says EU has not yet offered a fair deal
• US sees 10% baseline rate for reciprocal tariffs
• Baseline 10% rate a ‘sticky issue’, EU official says

BRUSSELS, (Reuters) – European officials are increasingly resigned to a 10% rate on “reciprocal” tariffs being the baseline in any trade deal between the United States and the European Union, five sources familiar with the negotiations said. Continue reading “EU increasingly resigned to 10% baseline tariff in US trade talks, European sources say”

(Reuters) – Honda Motor-backed Helm.ai on Thursday unveiled its camera-based system to interpret urban environments, dubbed Helm.ai Vision, and said it was in talks with other automakers to deploy its self-driving technology in mass-market vehicles.

Helm.ai is working with the Japanese automaker to integrate its technology in the upcoming 2026 Honda Zero series of electric vehicles, which will allow users to drive hands-free and take their eyes off the road. Continue reading “Honda-backed Helm.ai unveils vision system for self-driving cars”

Source : PTI | The appellate tribunal NCLAT has directed the NCLT to hear and pass an order on the plea moved by former Gensol Engineering independent director Harsh Singh against the tribunal verdict for investigation against individuals associated with the company, including him.

The appellate tribunal, in its order passed on June 16, granted the former independent director two days time to file a vacation application for a stay of the order passed by the National Company Law Tribunal (NCLT).

Continue reading “NCLAT directs NCLT to hear, pass order on Gensol’s former ind Director plea”

Source : PTI | The Delhi High Court has restrained the infringement of the trademark of Swedish vehicle manufacturer, Volvo. In an order dated May 30, Justice Amit Bansal further restrained two transporters from the unauthorised use of the mark for their bus services. The Swedish vehicle maker filed a plea seeking a permanent injunction against the defendants from infringing its Volvo trademark.

The defendants, the plea alleged, were Udaipur-based Ganesh Motor Body Repairs, a manufacturer and fabricator that made buses nearly identical or deceptively similar to the original Volvo buses, Rishabh Bus Private Limited in Delhi, which purchased buses from the maker and lured customers for its inter-city bus services by advertising its fleet of buses as Volvo buses.

Continue reading “Delhi HC restrains infringement of Volvo trademark”

Source : PTI | Birla Tyre on Wednesday unveiled its new brand identity, including a redesigned logo and corporate website, marking a fresh strategic direction under its new promoters a consortium led by Himadri Speciality Chemical Ltd and Dalmia Bharat Refractories.

The rebranding comes as the Kolkata-based tyre maker, once part of the BK Birla Group, aims to reposition itself as a high-performance, future-ready brand for the Indian and global markets, after being acquired through the corporate insolvency process.

Continue reading “Birla Tyre unveils new brand identity under Himadri-led consortium”

Summery

• Volkswagen to launch 12 Performance Centres across India, catering to the brand’s vision of premiumization, targeting progressive customer segments
• Volkswagen begins deliveries of the Golf GTI and plans to further boost accessibility for the Tiguan R-Line through these Performance Centres
• Inauguration of two new Performance Centres in Chennai adds to the Brand’s network expansion in Tamil Nadu, with 27 sales and 19 service facilities in the state

Mumbai: Volkswagen India has inaugurated the country’s first Performance Centre in Chennai, Tamil Nadu, catering to an enhanced retail experience for customers interested in purchasing the Golf GTI and Tiguan R-Line. The new Performance Centre inaugurated at Mount Road, Chennai is the first amongst multiple new touchpoints that will be launched across India. The brand also inaugurated Volkswagen Chennai as its second Performance Centre in the state. Continue reading “Volkswagen India inaugurates its first performance centre in Chennai, Tamil Nadu”

Bengaluru-based Oben Electric has successfully raised INR 100 crore in Series A funding, including a fresh INR 50 crore infusion in May 2025 through an extended round. The EV startup, known for its vertically integrated electric motorcycle offerings, has now raised a total of INR 200 crore to date. Key investors in the extended round include Helios Holdings, Sharda family office, Kay family, and other new and existing stakeholders. Continue reading “Oben Electric Secures INR 100 Cr in Series A Round to Drive National Expansion and Product Innovation Mobility Outlook Bureau”

(Reuters) – VinFast said on Wednesday its first dealership in San Diego, California, is set to begin operations this month, as the Vietnamese electric-vehicle maker doubles down on the dealer model in a bid to boost sales.

Backed by Vietnam’s largest conglomerate, Vingroup, VinFast has faced challenges including softer demand, stiff competition and the fallout of U.S. tariffs. Continue reading “EV maker VinFast sets up first dealership in California”

WASHINGTON, (Reuters) – A U.S. auto safety agency on Wednesday closed a seven-year-old investigation into 2.03 million Nissan Motor vehicles over issues related to rear suspension control arm failure without seeking a recall.

The National Highway Traffic Safety Administration investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima vehicles, was opened in 2018 and upgraded to an engineering analysis in 2019. Continue reading “US closes probe into 2 million Nissan vehicles without seeking recall”

(Reuters) – Amazon’s Zoox has opened its first robotaxi serial production facility, it said on Wednesday, marking a crucial step towards launching a commercial robotaxi service that will compete with Alphabet’s, Waymo and Tesla Zoox is testing in various U.S. cities with more than 20 vehicles and plans to launch the commercial services in Las Vegas this year, followed by San Francisco, where it seeks to expand areas of operation. Continue reading “Zoox launches its first robotaxi production facility, taking on Tesla and Waymo”

(Reuters) – Alphabet’s self-driving unit Waymo said on Wednesday its vehicles will be back in New York City next month for autonomous testing, as it continues to scale operations in the U.S.

The race to deploy robotaxis is picking up pace as Waymo expands testing and Tesla prepares to begin limited trials of its autonomous taxi service with as few as 10 cars this weekend — a sign of growing momentum in self-driving vehicle development. Continue reading “Waymo brings its cars to NYC for testing, applies for autonomous driving permit”

(Reuters) – A group of Democratic Texas lawmakers has asked Tesla to delay its much-anticipated robotaxi launch in Austin until September, when a new autonomous-driving law is scheduled to take effect.

The group of Austin-area lawmakers said in the letter sent on Wednesday that delaying the launch, which CEO Elon Musk said could “tentatively” happen this Sunday, “is in the best interest of both public safety and building public trust in Tesla’s operations.” Continue reading “Tesla asked to delay robotaxi launch by Democratic Texas lawmakers”

(Reuters) – Honda Motor is recalling 259,033 vehicles in the U.S. due to a faulty brake pedal that can shift out of position and hinder braking, raising the risk of crashes or injury, the U.S. National Highway Traffic Safety Administration said on Wednesday.

The company is recalling certain 2021-2025 Acura TLX, 2023-2025 Acura MDX, and 2023-2025 Honda Pilot vehicles, NHTSA said. Continue reading “Honda to recall over 259,000 US vehicles over brake pedal issue, NHTSA says”

Summary

• Funds for car trade-in subsidies run out faster than expected
• Subsidies helped fuel stronger-than-expected retail sales in May
• Sales of ‘zero-mileage used cars’ deepen car price war

SHANGHAI, (Reuters) – At least six cities and municipalities across China have suspended trade-in subsidies for car buyers in June, according to Reuters’ review of government announcements, which could slow new car sales in the world’s second-biggest economy. Continue reading “Some Chinese cities pause car-buying subsidies as funds run out”

Source : PTI | Tractor sales in India are likely to see a moderate growth of 4-7 per cent in 2025-26 on the back of a favourable monsoon forecast, which is expected to support agricultural production, ratings agency ICRA said on Wednesday.

Pre-buying ahead of the TREM V emission norms, proposed to take effect from April 1, 2026, could further aid volume growth, ICRA said in a statement. Continue reading “Tractor sales in India likely to see 4-7% growth in FY26: ICRA”

Gadkari said the pass is valid for one year from the date of activation or up to 200 trips, whichever comes first.

Union Minister Nitin Gadkari on Wednesday said the government will introduce a FASTag-based annual pass for private vehicles, priced at ₹3,000, effective from August 15, in a step towards hassle-free highway travel. Continue reading “Govt to launch FASTag-based annual pass of ₹3,000 for private vehicles from Aug 15: Gadkari”

Source : Maruti Suzuki

• Inaugurated by Hon’ble Union Minister for Railways, Information and Broadcasting, Electronics & Information Technology, Shri Ashwini Vaishnaw and Hon’ble Chief Minister of Haryana, Shri Nayab Singh Saini.
• The company’s second GatiShakti in-plant terminal, after the Gujarat facility. Aimed at bringing efficiencies in logistics and sustainable development.
• India’s largest in-plant railway siding with a total dispatch capability of 450,000 vehicles annually at full capacity.
• It will contribute to estimated avoidance of 175,000 tonne* of CO2e (carbon dioxide equivalent) emission, savings of 60 million litre of fuel annually at full capacity.
• It is executed by a joint venture company, Haryana Orbital Rail Corporation Limited (“HORCL”).

Manesar/ New Delhi : Hon’ble Union Minister for Railways, Information and Broadcasting, Electronics & Information Technology, Shri Ashwini Vaishnaw and Hon’ble Chief Minister of Haryana, Shri Nayab Singh Saini, today inaugurated India’s largest automobile in-plant railway siding at Maruti Suzuki India Limited’s (“MSIL”) Manesar facility. Continue reading “India’s largest automobile in-plant railway siding at Maruti Suzuki’s Manesar facility starts operation”

PARIS, (Reuters) – French Transport Minister Philippe Tabarot has requested that all Citroen C3 and DS3 vehicles subject to a Takata airbag recall be taken off the roads, French media reported on Tuesday, after reports that a woman died after her airbag was triggered.

The French government has said that vehicles built between 1998 and 2019 are likely to be subject to a recall campaign over faulty airbags, which can explode when they are deployed. The explosion can throw metal fragments and cause serious injury or death. Continue reading “France asks for some Citroen cars with faulty airbags to be taken off roads, report says”

(Reuters) – Chinese automakers are rapidly pulling ahead in the global zero-emission vehicle (ZEV) market, according to research firm International Council on Clean Transportation (ICCT).

WHY IT’S IMPORTANT

The global EV market is currently experiencing intense competition among its key players. Continue reading “Chinese automakers build significant leads in zero-emission vehicle market, research finds”

Summary

• De Meo stepped down as Renault CEO on Monday
• Le Vot has run Renault’s Dacia brand since 2022
• Picat lost out on top job at rival Stellantis

LONDON, (Reuters) – Luca de Meo’s abrupt departure as Renault CEO has kicked off a search for his successor, with analysts mentioning longtime insider Denis Le Vot and Maxime Picat of rival Stellantis as suitable fits to continue the French automaker’s turnaround. Continue reading “Renault’s CEO search may include insider Le Vot, Stellantis’ Picat, analysts say”