Summary

• Chinese automaker BYD slashes prices on more than a dozen models
• One analyst says China’s auto industry headed for ‘a bloodbath’
• Automakers pressuring parts suppliers to cut their prices too

May 27 (Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market.

Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country’s deepening price war. BYD’s moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. Continue reading “China auto market price war stokes fears of industry shake-out”

Summary

• Filosa previously led Jeep brand, South America region
• Will need to revive business, manage EV transition
• Some investors say outsider was needed
• Stellantis shares close down 2.2%

MILAN, (Reuters) – Stellantis named its North American chief Antonio Filosa as CEO on Wednesday, as the world’s fourth-biggest automaker by sales seeks to turn around its performance, boost its flagging share price and recover lost U.S. market share. Continue reading “Jeep-maker Stellantis names insider to lead revival”

(Reuters) – Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash.

The recall covers some 2021 through 2024 model year Bronco, F-150, Edge, and 2023-2024 Escape, Corsair, F-250, F-350, F-450, F-550 and F-600 vehicles, the automaker said Wednesday in a filing with the National Highway Traffic Safety Administration. Continue reading “Ford recalls nearly 1.1 million vehicles over rearview camera software issue”

Summary

• Amazon and Stellantis’ SmartCockpit partnership is winding down, the companies say
• The project is the latest software effort to stall out at a Detroit automaker
• The companies planned to make the car an extension of home through technology

DETROIT, (Reuters) – Amazon’s deal with Stellantis to create in-car software that the companies hoped would transform the driving experience while bolstering their vehicle-tech credentials is “winding down,” the companies confirmed after a Reuters inquiry. Continue reading “Exclusive: Amazon’s in-car software deal with Stellantis fizzles”

Summary

• German carmakers hope to use US investments, exports as leverage
• They propose getting credits for cars they export from US
• US is biggest export market for VW, BMW and Mercedes

BERLIN, (Reuters) – Germany’s leading automakers are in talks with Washington over a possible import tariff deal, seeking to use their U.S. investments and exports as leverage to soften any blow, three people familiar with the matter said. Continue reading “German carmakers in talks with US over possible tariff deal, sources say”

Summary

• Nissan’s closure of Oppama plant would affect 3,900 workers, Yokosuka’s economy
• Plant was once a symbol of Japan’s industrial prowess
• Nissan’s job cuts signal shift in Japan’s employment culture

YOKOSUKA, Japan, (Reuters) – When Nissan’s Oppama plant opened in 1961, it was one of Japan’s first large-scale auto factories and a symbol of the company’s global ambitions. Sixty-four years and millions of cars later, the storied plant now faces possible closure as Nissan sinks deeper into crisis. Continue reading “Factory that symbolised Nissan’s rise may become victim of its decline”

Source : PTI | Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said.

The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said.

Continue reading “Jupiter Wagons signs pact with Pickkup for deploying 300 electric LCVs”

Source : PTI | Uttar Pradesh has maximum number of registered electric vehicles in the country at 4.14 lakh, surpassing even Delhi and Maharashtra, an official statement said on Wednesday.

While Delhi has 1.83 lakh registered EVs, Maharashtra has 1.79 lakh.

Uttar Pradesh has also emerged as the biggest beneficiary of the Centre’s FAME I and FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India) schemes, further bolstering its e-mobility efforts, according to the statement.

Continue reading “UP has maximum number of registered EVs”

In an era where personalisation and experience define brand loyalty, JSW MG Motor India is steering automotive retail into uncharted territory with its luxury brand channel, MG SELECT. Departing from conventional dealership models, this channel draws inspiration from luxury art galleries, crafting retail spaces that engage customers on a deeper emotional level.

Speaking to Mobility Outlook, Milind Shah, Interim Head – MG SELECT, explained that the initiative aims to move beyond transactional showrooms to create immersive, sensory-driven environments. Through curated art installations, brand heritage exhibits, and thoughtfully designed spatial elements, it offers an experience that reflects minimalism, elegance, and emotion—strengthening the bond between the customer and the brand. Continue reading “JSW MG Motor India’s ‘MG SELECT’ Blends Innovation With Lifestyle Appeal”

TOKYO, (Reuters) – Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday.

The country’s third-biggest automaker plans to issue as much as 630 billion yen worth of convertible securities and bonds, including high-yielding U.S. dollar and euro notes, Bloomberg News said, citing documents it had seen. Continue reading “Nissan plans $7 billion funding, including loan backed by UK government, Bloomberg News says”

Summary

• Toyota to transfer production of North America-bound GR Corolla from Japan
• To spend $56 million on dedicated line, dispatch engineers from Japan
• Move is aimed at using excess capacity in Britain

TOKYO, (Reuters) – Toyota is moving some production of its GR Corolla sports car to Britain and will spend around $56 million on a dedicated line there to build exports for North America, according to two people with knowledge of the matter. Continue reading “Exclusive: Toyota to move some GR Corolla production to Britain, sources say”

BEIJING, (Reuters) – China’s Xiaomi on Tuesday reported record first-quarter revenue and profit, as the company said its ongoing shift towards higher-end products from smartphones to home appliances was already paying off.

Revenue for the quarter ended March 31 was 111.3 billion yuan ($15.48 billion), up 47% year-on-year and beating the 107.6 billion yuan average of 17 analyst estimates compiled by LSEG. Continue reading “Xiaomi reports record first-quarter revenue as it launches new electric SUV”

Summary

• European car sales down 0.3% year-on-year in April
• Battery-electric car sales jump 27.8%
• Tesla sales drop 49%, falling for fourth straight month

(Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even though battery-electric car sales rose 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of reviving the brand’s fortunes in the region. Continue reading “Tesla misses out on European EV growth as Model Y fails to revive sales”

SAO PAULO, (Reuters) – Brazilian labor prosecutors filed a lawsuit on Tuesday against Chinese carmaker BYD holding it responsible for human trafficking and “slavery-like conditions” for workers building a factory in its biggest market outside China.

The lawsuit seeks 257 million reais ($45 million) in moral damages from BYD and two contractors, JinJiang and Tecmonta, according to the statement from the labor prosecutors’ office, along with individual compensation for workers. Continue reading “Brazil prosecutors sue Chinese carmaker BYD for violating labor rights”

Summary

• Chinese automaker BYD slashes prices on more than a dozen models
• One analyst says China’s auto industry headed for ‘a bloodbath’
• Automakers pressuring parts suppliers to cut their prices too

(Reuters) – An intensifying auto industry price war in China has stoked fears of a long-anticipated shake-out in the world’s largest car market.

Shares of China’s largest automakers sank Monday after Chinese electric-vehicle giant BYD offered fresh discounts across more than a dozen models, and an executive at another car company fretted openly about the country’s deepening price war. BYD’s moves cut the starting price of its cheapest model, the battery-powered Seagull hatchback, to 55,800 yuan ($7,765), from nearly $10,000. Continue reading “China auto market price war stokes fears of industry shake-out”

Source : PTI | Jupiter Wagons Ltd’s electric vehicle arm Jupiter Electric Mobility (JEM) on Tuesday said it has signed an initial pact with logistics platform Pickkup for deploying 300 units of its electric light commercial vehicle Tez for last-mile deliveries. The company has already delivered the first batch of these vehicles, following extensive pilot runs across both intra-city and inter-city routes, JEM said.

The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh, the company said.

Continue reading “Jupiter Wagons signs pact with Pickkup for deploying 300 electric LCVs”

SAO PAULO, (Reuters) – Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026.

GAC’s move comes at a time of growing competition in the world’s sixth-largest automotive market, where sales of electric vehicles have been speeding up and other Chinese companies – such as BYD, Chery and GWM – have also made inroads in recent years. Continue reading “China’s GAC starts auto sales in Brazil, eyes local plant by late 2026”

TOKYO, (Reuters) – Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor Chairman Akio Toyoda at this year’s annual general meeting in June.

Glass Lewis had recommended that shareholders vote against his re-election the past two years. Toyoda’s position at the automaker has come under scrutiny over governance concerns. Continue reading “Advisory firm Glass Lewis backs Toyota chairman re-election”

(Reuters) – Tesla’s sales in Europe fell 49% in April from a year earlier, even as battery-electric sales rose by 27.8%, as the U.S. EV maker’s upgrade of its Model Y shows little sign of improving the brand’s tarnished image in the region.

Overall car sales in the region remained roughly consistent with last year, falling just 0.3%, with the strongest sales growth coming from electric and plug-in hybrid cars, data by the European Automobile Manufacturers Association (ACEA) showed. Continue reading “Car sales in Europe dip slightly in April, Tesla’s 49% drop tempers EV gains”

Summary

• Layoffs represent some 15% of company’s total office staff
• Group announced plans last month to slash costs by $1.9 billion
• Volvo Cars more exposed than many European peers to U.S. tariffs

STOCKHOLM, (Reuters) – Volvo Cars will cut 3,000 mostly white-collar jobs as part of a restructuring announced last month as it grapples with high costs, a slowdown in electric vehicle demand and trade uncertainty, it said on Monday. Continue reading “Volvo Cars to slash 3,000 jobs in white-collar cutback”

Summary

• BYD, Geely and Nio shares fall by up to 9.5%
• BYD move intensifies China’s auto price war
• Great Wall Motor CEO says industry is in an unhealthy state

SHANGHAI, (Reuters) – Shares in Chinese automakers such as BYD, Nio and Geely tumbled on Monday after industry leader BYD offered fresh incentives on over 20 models and the CEO of Great Wall Motors warned that the world’s largest auto industry was in an unhealthy state. Continue reading “China auto shares sink after BYD offers trade-in incentives”

SHANGHAI, (Reuters) – China’s commerce ministry will meet industry bodies and automakers including BYD and Dongfeng Motor to discuss increasing sales of “used cars” that were never driven, a person with direct knowledge of the matter said.

The meeting is set for Tuesday afternoon, the person said, speaking on condition of anonymity as details of the meeting were confidential. Continue reading “Exclusive: China regulator summons automakers to discuss ‘zero-mileage’ used car sales”

Source : PTI | Tata Motors has paid ₹38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with ₹39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at ₹25,766 crore last fiscal as compared with ₹29,199 crore in 2023-24 fiscal, as per the report.

Indirect contributions, including withholding taxes collected from employee/payroll taxes, stood at ₹12,189 crore in FY25, an increase of 31 per cent against ₹9,284 crore in 2023-24 fiscal. Continue reading “Tata Motors global tax outgo at ₹38,892 crore in FY25”

Source : PTI | Clean-tech company Himadri Speciality on Thursday said it will acquire a 16.24 per cent stake in International Battery Company to increase its presence in the mobility and energy storage sectors. Himadri has already made an investment of $4.43 million (approximately ₹37.47 crore) in the US-based technology developer and manufacturer of lithium-ion (Li-ion) cells, the company said without disclosing the deal size and timeline for completion of the transaction.

The investment, made through a combination of preferred and common shares, gives Himadri representation on the board of International Battery Company.

Continue reading “Himadri Speciality to pick 16% stake in US-based International Battery Company”

Source : PTI | The new Electric Vehicle (EV) policy of the Maharashtra government seeks to achieve 30 per cent EV penetration in the state by 2030, officials said on Saturday. Among other things, the policy lays down that new residential buildings must provide EV charging facilities, and also offers incentives such as toll waiver for these eco-friendly vehicles.

The transport department on Friday issued a government resolution announcing the new policy which will be in effect from April 1, 2025, to March 31, 2030. It aims to make Maharashtra a leading hub for EVs in India through incentives, infrastructure expansion and manufacturing support, said an official release.

Continue reading “Maharashtra rolls out new EV policy; targets 30% adoption by 2030”

Source : PTI | Telangana CM Revanth Reddy who met Union Minister for Heavy Industries and Steel H D Kumaraswamy in the national capital on Saturday expressed heartfelt gratitude to the Centre for sanctioning 2,000 electric buses to Hyderabad under the PM e-DRIVE scheme. Reddy urged Kumaraswamy to allocate 800 more Electric Buses (EVs) to Hyderabad.

According to a press release issued by the Union Minister’s office the Chief Minister also submitted a formal request for the allocation of additional electric buses, citing the growing urban mobility demands in Telangana and the need for cleaner, more efficient public transport solutions.

Continue reading “Telangana CM thanks Kumaraswamy for sanctioning 2,000 e-buses, seeks 800 more”

Source : PTI | India’s duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is “very nuanced” with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 years, the official said.

“The duty cut and quota depends on engine capacity and price of vehicles. A lot of nuances are there in the auto sector. India’s offer to the UK is very nuanced,” the official added. Continue reading “India’s auto sector duty concession offer to UK under FTA is very nuanced: Official”

Source : PTI | India could see the introduction of more Range Rover limited edition trims, specially curated for the country, to cater to the diverse set of customers in the market, according to a top company executive. The brand is looking at enhancing its presence as it anticipates growth in the Indian market with the number of high-net-worth individuals expected to rise at a fast clip by the end of this decade.

In an interaction with PTI here, the global Managing Director of the Range Rover brand Martin Limpert said that with localisation to a certain extent, the brand has been able to offer products for customers seeking value for money. Continue reading “More Range Rover limited edition trims to debut in Indian mkt, says MD Martin Limpert”

Source : PTI | The Uttar Pradesh government is set to invest ₹6,124 crore in the construction of ring roads, bypasses, and flyovers across the state, it said in a statement on Sunday. The Public Works Department (PWD) has prepared a blueprint that outlines road connectivity expansion for the financial year 2025-26 with 62 projects in all.

According to the PWD, priority will be given to high density regions and those with heavy vehicular movement.

The initiative not only aims to boost connectivity but also improve traffic management. Continue reading “UP government to invest ₹6,124 crore on building ring roads, bypasses”

Summary

• Tariffs on the EU ‘severely’ affect Volvo Cars’ lower-cost EX30
• Volvo Cars CEO hopeful for fair trade deal
• 50% tariffs on European imports would be ‘almost impossible’, CEO says

STOCKHOLM/DETROIT, (Reuters) – Volvo Cars CEO Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one of its most affordable cars to the United States if levies increase. Continue reading “Volvo Cars CEO says its customers must pay for rising tariffs”

SAO PAULO, (Reuters) – Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026.

GAC’s move comes at a time of growing competition in the world’s sixth-largest automotive market, where sales of electric vehicles have been speeding up and other Chinese companies – such as BYD, Chery and GWM – have also made inroads in recent years. Continue reading “China’s GAC starts auto sales in Brazil, eyes local plant by late 2026”

TOKYO, (Reuters) – Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor Chairman Akio Toyoda at this year’s annual general meeting in June.

Glass Lewis had recommended that shareholders vote against his re-election the past two years. Toyoda’s position at the automaker has come under scrutiny over governance concerns. Continue reading “Advisory firm Glass Lewis backs Toyota chairman re-election”

Source : PTI | Consumer protection watchdog CCPA is investigating ride-hailing platforms like Ola Cabs and Rapido to ascertain if they are indulging in the unfair trade practice of ‘advance tipping’. On Wednesday, the Central Consumer Protection Authority (CCPA) issued a notice to Uber for allegedly “forcing or nudging” users to pay advance tips for faster service.

“CCPA is investigating other apps like @Olacabs and @rapidobikeapp, they will also be served notice if they are found indulging in such practices,” Union Consumer Affairs Minister Pralhad Joshi said in a post on X on Thursday. Continue reading “CCPA probes Ola, Rapido, other ride-hailing apps on advance tipping”

Source : PTI | BMW Group India has announced a price protection programme for Indian customers purchasing the MINI 3-Door Cooper S, produced in Oxford, UK, due to anticipated duty cuts following the India-UK FTA. Under the programme, the company aims to reassure customers amidst uncertainty surrounding the India-UK FTA’s impact on vehicle prices. BMW Group India President and CEO Vikram Pawah stated the company will pass on any price reduction benefits on the MINI 3-Door Cooper S model in the near future.

This limited-time offer covers cars bought within the next 180 days, ensuring customers receive a refund if prices decrease. The initiative applies to the petrol-powered MINI 3-Door Cooper S, while the all-electric MINI Countryman is excluded.

Continue reading “BMW India offers price protection on MINI Cooper S amid duty cut buzz”

Source : PTI | Maharashtra ranked first for passenger vehicle sales in India, while Uttar Pradesh led in two-wheeler sales in 2024-25, according to data from the Society of Indian Automobile Manufacturers. In 2024-25, passenger vehicles (PV) sales in Maharashtra stood at 5,06,254 units, accounting for an 11.8 per cent share, followed by Uttar Pradesh with 4,55,530 units (10.6 per cent) and Gujarat with 3,54,054 units (8.2 per cent), as per the SIAM data.

Karnataka stood at the fourth position with 3,09,464 units (7.2 per cent), and Haryana was fifth with 2,94,331 units (6.8 per cent).

Continue reading “Maharashtra tops list of states for PV sales in FY25”

Source : PTI | Aiming to improve the city’s air quality, the Delhi Government is set to deploy eight GPS-enabled hydraulic anti-smog gun vehicles across key industrial areas of the national capital, with the initiative to continue for ten months, excluding the monsoon period, officials said Friday. The programme will run for 10 months, excluding the monsoon period, with the goal to significantly reduce airborne particulate matter and improve the air quality.

Each CNG-operated truck is equipped with an advanced anti-smog gun capable of spraying a fine mist over a horizontal distance of 30 meters and rotating 330 degrees, allowing comprehensive dust suppression, Delhi Environment Minister Manjinder Singh Sirsa said.

Continue reading “Delhi to roll out GPS-enabled anti-smog gun vehicles in industrial hubs from June”

Source : PTI | The Supreme Court has directed the National Highways Authority of India to take effective steps to curb unauthorised occupation of highway lands and form surveillance teams of police officials to carry out patrolling. The top court also directed the Centre to give wide publicity to the availability of ‘Rajmargyatra’ mobile application on print, electronic, as well as social media.

The National Highways Authority of India (NHAI) has introduced the ‘Rajmargyatra’ mobile application which aims to provide comprehensive information and efficient complaint redressal for national highway users. Continue reading “SC promotes ‘Rajmargyatra’ app, directs NHAI to crack down on highway encroachments”

Source : PTI | Tata Motors expects to maintain low single-digit growth in passenger vehicle sales this fiscal in line with the overall industry estimate, with the company betting on premium hatchback sales to bounce back with the introduction of its all-new version of Altroz, a top company official said on Thursday. The company is looking to regain 25 per cent share in the premium hatchback segment, having seen it fall in the last one-and-a-half year, Tata Motors Passenger Vehicle Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra told PTI here in an interview.

However, it has paused plans to introduce an electric version of the premium hatchback Altroz due to overcrowding in the price segment in which it was envisaged to be positioned, he said. Continue reading “Tata Motors expects PV sales growth to be in low single-digit in FY26, hatchback to bounce back”