(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”

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”

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”

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”

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”

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”

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”

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”

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”

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”

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”

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”

(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”

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”

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”

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”

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?”

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”

(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”

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”

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”

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”

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”