Source : PTI | Electric mobility firm Magenta Mobility on Monday said it plans to add 10,000 electric vehicles — both three and four-wheelers — over the next financial year and is also looking at expanding into new cities such as Nashik, Nagpur, Vijayawada, Indore and Kolkata, among others. The company also said that after establishing a strong presence in the electric three-wheeler space, it is now aggressively expanding into the four-wheeler category.

With a fleet exceeding 500 electric cargo four-wheelers, Magenta Mobility is transforming urban and intercity logistics, it said.

Continue reading “Magenta Mobility to add 10,000 EVs over next fiscal; to expand to new cities”

Source : PTI | Asharp deterioration in the capital’s air quality to the higher end of ‘very poor’ range on Monday prompted the Commission for Air Quality Management (CAQM) to impose restrictive actions under stage 4 of the GRAP with immediate effect.

The Centre’s air quality panel for Delhi-NCR on Monday invoked stringent measures under Stage 4 of the air pollution control plan as the region’s air quality turned “severe” due to unfavourable meteorological conditions, according to an official order. Continue reading “GRAP 4 restrictions back in Delhi-NCR”

Summary

• Trump plans to cut EV support, impose tariffs on battery materials
• Proposals aim to boost U.S. production, redirect funds to national defense
• Transition team suggests rolling back emissions standards, blocking California’s stricter rules

(Reuters) – Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters. Continue reading “Exclusive: Trump transition team to roll back Biden EV, emissions policies”

Source : PTI | NEW DELHI: Japanese auto major Nissan’s plans to turn around its Indian operations remain intact, and it is looking to increase headcount in the country despite the turbulence it is facing globally, according to a senior company official. The company, which has increased headcount at its Chennai plant by 600 to add a third shift, does not foresee steps to cut 9,000 jobs and 20 per cent production globally having an impact on India as long as it remains competitive in the market, Nissan India Operations President Frank Torres told PTI.

“Nissan is betting big on India…and the plans (for India) remain intact despite this global turbulence,” he said. Continue reading “India plans intact; to add more headcount despite global turbulence: Nissan”

Source : PTI | The Centre’s panel on Delhi-NCR air quality has issued a revised plan to tackle winter pollution, asking states to implement stricter measures when the air quality deteriorates and making it mandatory for schools to shift to hybrid learning on days with severe air pollution. Poor air quality, driven by unfavourable weather conditions, usually persists for long periods during winter, from November to January.

During this time, Delhi frequently enforces restrictions under the Graded Response Action Plan (GRAP), which categorises air quality into four stages: Stage I (Poor) with AQI between 201 and 300, Stage II (Very Poor) between 301 and 400, Stage III (Severe) between 401 and 450, and Stage IV (Severe Plus) for AQI above 450.

Continue reading “Centre revises air pollution control plan for Delhi-NCR, tightens curbs”

Source : PTI | New Delhi: The upcoming edition of Auto Expo will see participation of 34 vehicle manufacturers, the largest number of participants till date, since the first edition of the marquee event in 1986. The Society of Indian Automobile Manufacturers (SIAM) would be organising the 17th edition of Auto Expo, ‘The Motor Show’, under the aegis of the Bharat Mobility Global Expo 2025 from January 17-22 at Bharat Mandapam, in partnership with ACMA and CII.

“Around 34 vehicle manufacturers would be participating at the exhibition and showcasing technologies with respect to multiple powertrains,” SIAM Director General Rajesh Menon told PTI. Continue reading “Auto expo to see highest-ever participation of vehicle manufacturers: SIAM”

Summary

• Trump transition team recommends repealing requirement that companies report automated vehicle crash data
• Elon Musk’s Tesla opposes the requirement, arguing it has unfairly targeted his company
• Unclear if Donald Trump administration will adopt the recommendation to quash reporting requirement

(Reuters) – The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems. Continue reading “Exclusive: Trump team wants to scrap car-crash reporting rule that Tesla opposes”

Summary

• Previous deadline for first EV was 2028
• CEO rules out any IPO plan from parent VW
• CO will always produce cars in Italy
• New Temerario hybrid model costs over 300,000 euros

SANT’AGATA BOLOGNESE, Italy, Dec 16 (Reuters) – Italy’s Lamborghini will always make cars in Italy as it plans to launch its first electric model only in 2029, amid a market for luxury sports cars which is not ripe for full electrification, CEO Stephan Winkelmann said on Monday. Continue reading “Lamborghini delays first EV launch to 2029 as market not ready”

Summary

• To help finance construction of three battery making plants
• Loan higher than conditional commitment of $9.2 bln
• Biden incentivizing EV sector ahead of Trump taking over

WASHINGTON, (Reuters) – The U.S. Energy Department on Monday said it has finalized a $9.63 billion loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky. Continue reading “US finalizes $9.63 billion loan for Ford, SK On joint battery venture”

BERLIN, (Reuters) – Mercedes-Benz’s works council chief said the carmaker must urgently win back market share and rethink its China strategy so sales did not drop below 2 million a year, which he said would be “unacceptable” to labour representatives.

“We would not be satisfied with any less than two million cars a year – we need that to use our German sites to capacity,” Ergun Lümali said in an interview with German newspaper Frankfurter Allgemeine Zeitung (FAZ) published on Monday. Continue reading “Mercedes-Benz labour chief: we must win back market share, rethink China strategy”

Summary

• Stellantis seeks to rebuild relations with dealers and partners
• Rejoining ACEA signals more unified stance on EU carbon targets
• Elkann’s leadership reassures investors, shares rebound over 18%

MILAN/DETROIT, (Reuters) – Steered by Chairman John Elkann, Stellantis , owner of 14 brands including Fiat, Jeep and Ram, is acting swiftly to dismantle the legacy of its former CEO and repair relations with dealers, industry partners, governments and workers. Continue reading “Stellantis swiftly reshapes strategy under Elkann after Tavares exit”

Summary

• Fifth round of talks between VW management, unions
• Talks could last days, collapse could mean strikes
• VW shares down 2.5%, Porsche SE shares down 2.9%

HANOVER, Germany, (Reuters) – Volkswagen’s works council chief said that cost cuts must exclude plant closures or redundancies, as a last-ditch round of pre-Christmas negotiations began on Monday. Continue reading “VW union calls for compromise in last-ditch talks before Christmas”

Summary

• Trump plans to cut EV support, impose tariffs on battery materials
• Proposals aim to boost U.S. production, redirect funds to national defense
• Transition team suggests rolling back emissions standards, blocking California’s stricter rules

(Reuters) – Incoming U.S. President Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China, according to a document seen by Reuters. Continue reading “Exclusive: Trump transition team to roll back Biden EV, emissions policies”

Source : PTI | JK Tyre & Industries on Thursday said it will receive a long term loan of 30 million euros from Germany’s DEG. The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car radial tyre facility, the tyre maker said in a statement.

“The JK Organisation is a longstanding customer of DEG’s. We are now looking forward to working together with its tyre company as well,” DEG Management Board member Joachim Schumacher said. Continue reading “JK Tyre to get 30 mn euros long term loan from German entity”

Source : PTI | Chinese auto component makers are likely to skip the upcoming Bharat Mobility Show which is scheduled to be held from January 17-22 at three different locations across Delhi-NCR. The six-day Bharat Mobility Global Expo 2025 will be held between January 17 and 22 next year at Bharatmandapam, Yashobhoomi (India International Convention and Expo Center) Dwarka, and India Expo Center & Mart, Greater Noida, simultaneously.

“I don’t think so,” Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta said when asked about the participation of the Chinese in the marquee auto event.

Continue reading “Chinese auto component firms likely to skip upcoming Bharat Mobility Show”

Source : PTI | Domestic and foreign firms have announced a whopping INR 3.4 lakh crore investment in India’s electrical vehicles (EVs) and ancillary industries over the next six years, Colliers India on Wednesday said while expressing concern over “tardy progress” towards achieving the goal of 30% electric mobility by 2030 Real estate consultant Colliers India on Wednesday released a report ‘EVs in India: Renewed Vigour in Electric Mobility’, highlighting that an overall EV penetration rate in India stood at 8%. It estimated sales of around 2 million (20 lakh) EVs in 2024.

“Although the pace of EV adoption in the country has been commendable, it has not been as brisk as anticipated,” the consultant pointed out.

Continue reading “India’s EVs, ancillary industries may see INR 3.4 lakh cr investment by 2030: Colliers”

SHANGHAI, (Reuters) – China’s CATL has told suppliers it is willing to provide them with financial support to speed up technology innovation in battery materials and equipment, part of efforts to relieve stress on its supply chain amid a brutal EV price war.

It is willing to take on part of their R&D costs and make advance payments for projects to ensure technologies make progress, according to a CATL letter to suppliers seen by Reuters. Continue reading “China’s CATL offers suppliers financial support to drive battery innovation”

LISBON, (Reuters) – Carlos Tavares, who abruptly resigned as CEO of carmaker Stellantis on Dec. 1, said his “amicable” departure was motivated by disagreements with the board over strategy, in an interview published late on Thursday.

He did not go into details on his differences with the board of the Franco-Italian automaker, but told Portuguese newspaper Expresso the decision on his exit had been made jointly between him and chairman John Elkann. Continue reading “Tavares says ‘amicable’ Stellantis exit was due to disagreements on strategy”

(Reuters) – The U.S. Supreme Court agreed on Friday to hear a bid by fuel producers to challenge California’s standards for vehicle emissions and electric cars under a federal air pollution law in a major case testing the Democratic-governed state’s power to fight greenhouse gases.

The justices took up an appeal by a Valero Energy subsidiary and fuel industry groups of a lower court’s rejection of their challenge to a decision by Democratic President Joe Biden’s administration allow California to set its own regulations. Continue reading “US Supreme Court to hear dispute over California tailpipe emissions, EV standards”

WILMINGTON, Delaware, (Reuters) – A Delaware judge cleared the way on Friday for Elon Musk and Tesla to begin legal appeals to try to reinstate the chief executive’s record-breaking $56 billion pay package from the electric carmaker.

The order by Chancellor Kathaleen McCormick of the Court of Chancery opens the 30-day window for an appeal to the Delaware Supreme Court. Continue reading “Judge clears way for Musk appeal to try to restore $56 billion Tesla pay”

Summary

• Expects 7-20 bln eur impairment on Volkswagen stake
• Expects 1-2 bln eur impairment on Porsche AG stake
• Withdraws 2024 outlook for profit after tax

BERLIN, (Reuters) – Porsche SE, Volkswagen’s top shareholder, on Friday warned it may write down the value of its stake in Europe’s top carmaker by up to 20 billion euros ($21 billion), in the latest sign of how VW’s cost crisis has shaken investor faith in the carmaker. Continue reading “Porsche SE to take up to $21 billion impairment on Volkswagen stake”

Summary

• Trump transition team recommends repealing requirement that companies report automated vehicle crash data
• Elon Musk’s Tesla opposes the requirement, arguing it has unfairly targeted his company
• Unclear if Donald Trump administration will adopt the recommendation to quash reporting requirement

(Reuters) – The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems. Continue reading “Exclusive: Trump transition recommends scrapping car-crash reporting requirement opposed by Tesla”

Source : PTI | The automotive components industry grew 11 per cent year-on-year to INR 3.32 lakh crore in the first half of the current fiscal, industry body ACMA said on Thursday. The turnover of the automotive component industry in the April-September period of last fiscal stood at INR 2.98 lakh crore.

“With vehicle sales across all segments reaching pre-pandemic levels and despite geopolitical challenges on the exports front, the auto components sector witnessed a steady growth in both domestic and international markets in the first half of FY2024-25,” Automotive Component Manufacturers Association of India (ACMA) President Shradha Suri Marwah said. Continue reading “Auto component industry grows 11% to INR 3.32 lakh crore in April-September: ACMA”

Source : PTI | JK Tyre & Industries on Thursday said it will receive a long term loan of 30 million euros from Germany’s DEG. The company will invest the funds in a sustainable expansion of production capacities at its Madhya Pradesh-based passenger car radial tyre facility, the tyre maker said in a statement.

“The JK Organisation is a longstanding customer of DEG’s. We are now looking forward to working together with its tyre company as well,” DEG Management Board member Joachim Schumacher said. Continue reading “JK Tyre to get 30 mn euros long term loan from German entity”

DETROIT, (Reuters) – General Motors needed to exit its Cruise robotaxi business, most Wall Street analysts agreed on Wednesday, but the automaker’s decision to do so was still a disappointing end for an operation that GM had touted as a potential $50 billion revenue generator by 2030.

The largest U.S. automaker on Tuesday pulled the plug on Cruise after evaluating the continued investments needed in a competitive space, executives said, adding they intend to fold some of Cruise’s talent into GM to continue development of driver assistance systems. Continue reading “Wall Street mostly upbeat on GM’s decision to pull the plug on Cruise”

BEIJING, (Reuters) – The CEO of China’s Ji Yue Auto was surrounded by people demanding to know how they would be paid, videos posted online on Thursday showed, a day after the EV maker said it would streamline operations to cope with fierce market competition.

The Baidu Inc and Geely joint venture said on Wednesday it would seek fresh funding and cut projects, becoming one of a number of smaller start-ups to admit to struggles amid a bruising price war in the world’s largest auto market. Continue reading “Baidu, Geely’s EV venture faces uproar after it says needs fresh funds”

SHANGHAI, (Reuters) – Chinese electric vehicle (EV) maker Nio will seek to improve efficiency and cost control as it seeks to spur sales growth that is two years behind schedule, its CEO said on Thursday.

William Li told reporters at an event in Shanghai that it will also start production at its third factory in the second half of next year, and that it aimed to achieve monthly deliveries of 20,000 cars from its second, Onvo brand, by March 2025. Continue reading “China’s Nio, behind on growth targets, aims to tighten cost control”

(Reuters) – Volkswagen’s supervisory board is leaning away from closing large plants in Germany to tackle the automaker’s cost crisis, a report by business monthly manager magazin said on Thursday, though no final agreement has been reached.

Board members discussed stopping production at the 300-person Dresden plant and selling the plant in Osnabrueck which employs around 2,300 people, the German magazine reported, citing an unspecified number of participants at a meeting in mid-November. Continue reading “Volkswagen’s board leaning away from closing big plants in Germany, media report says”

BRUSSELS, (Reuters) – The European Commission is not considering changing Europe’s policies to cut CO2 emissions from cars, despite a push from the EU’s biggest political group to weaken the laws, the bloc’s climate policy chief told Reuters on Thursday.

The centre-right European People’s Party – the European Parliament’s biggest lawmaker group – launched a campaign this week to weaken the climate rules, adding to pressure on Brussels from automakers and national governments to urgently help Europe’s ailing autos sector. Continue reading “EU not buckling to pressure over car CO2 rules, climate chief says”

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Source : PTI | EV charging network operator Statiq has partnered with e-mobility solutions provider Vertelo to offer enhanced charging infrastructure in the country. Under the partnership, Statiq will provide turnkey solutions, including the supply of EV chargers and complete execution of EPC (engineering, procurement, and construction) services to install and commission these chargers.

Additionally, Statiq said, the two partners will co-develop EV charging sites, further strengthening the EV infrastructure in India. Continue reading “Statiq partners with Vertelo to offer enhanced charging infrastructure”

Source : PTI | Car market leader Maruti Suzuki India on Wednesday said it plans to increase its overall service network to 8,000 touchpoints by 2030-31, with an aim to reach closer to its customers.

The company, which on Wednesday opened the 500th service touchpoint for its premium retail outlet NEXA, currently has 5,240 touchpoints across NEXA as well as ARENA — the mass market retail chain. Continue reading “Maruti Suzuki eyes 8,000 overall service touchpoints by 2030-31”

Source : PTI | Taxation of automobiles must be based on national goals of reducing fossil fuel consumption, decarbonisation and ‘Make in India’, and incentives must not be reserved only for a specific technology, according to Toyota Kirloskar Motor Executive Vice President & Country Head Vikram Gulati. Toyota Kirloskar Motor (TKM), which on Wednesday launched its new version of the sedan Camry hybrid priced at INR 48 lakh, believes that hybrid technology has a role to play in India’s move towards electrification and it, along with other technologies that will help meet the national goals, must be considered for tax incentives in a proportionate manner, he told PTI here in an interview. Continue reading “Tax on automobiles must be tech agnostic, focus on reducing fossil fuel use, decarbonisation: Toyota Kirloskar Motor”

Source : PTI | Switch Mobility Ltd, a subsidiary of heavy commercial vehicle manufacturer Ashok Leyland, on Wednesday launched two low-floor electric city buses-EiV12 and E1-equipped with chassis-mounted batteries, expanding its product portfolio, a top official said. The Switch EiV12 platform has been indigenously designed, developed, and manufactured for urban city commutes, offering global standards in performance, safety, and reliability. The Switch EiV12 is claimed to be the country’s first low-floor city bus featuring a scalable battery capacity of over 400 kWh.

Continue reading “Switch Mobility rolls out EiV12 and E1 low floor electric city buses”

(Reuters) – German carmaker Mercedes-Benz will reshuffle its management board with four new members, the firm said on Wednesday, with changes due to take effect in 2025.

Sabine Kohleisen, Renata Jungo Bruengger, responsible for Integrity, Governance and Sustainability, and Hubertus Troska, board member for Greater China, are to leave the board as their contracts expire, the company added. Continue reading “Mercedes-Benz reshuffles management board”

SAN FRANCISCO, (Reuters) – General Motors’ decision to pull the plug on its troubled Cruise robotaxi business highlights the harsh reality facing others still in the race: it requires a long-term commitment to perfect the technology and deep pockets to fund it.

Autonomous vehicle (AV) developers are hoping for more favorable regulation under President-elect Donald Trump to remove hurdles to getting the cars on the road. Continue reading “GM’s Cruise exit turns focus on challenges of scaling robotaxis”

TOKYO, (Reuters) – Labour unions at major Japanese auto manufacturers have set a specific target for pay hikes for wage negotiations for the first time in seven years, as they aim to spread wage growth momentum to smaller firms, a key goal of the government and central bank.

The labour group, the Confederation of Japan Automobile Workers’ Unions, will seek monthly pay hikes of 12,000 yen ($79.15) or more in spring wage negotiations, it said on Wednesday. Continue reading “Japan auto unions group sets pay hike target for first time in 7 years”

SHANGHAI, (Reuters) – Hyundai Motor and its Chinese partner BAIC Motor on Wednesday agreed to invest $1.1 billion in their joint venture that produces and sells Hyundai cars in China, BAIC said in a statement.

The move signals the South Korean automaker’s commitment to the world’s largest car market despite its declining sales there and the loss of market share to Chinese rivals such as BYD since 2018. Continue reading “Hyundai, BAIC to invest $1.1 billion in China joint venture”

NEW YORK, (Reuters) – Tesla shares climbed to a record high of $415 on Wednesday, topping its prior high of $414.50 set more than three years ago as the electric vehicle maker extended a rally in the wake of the U.S. presidential election.

Shares of Tesla previously hit a record on Nov. 3, 2021, but a rally of about 65% since the Nov. 5 election has lifted the stock to new heights as investors expect the company to benefit from CEO Elon Musk’s relationship with President-elect Donald Trump. Continue reading “Tesla shares jump to record high”

DETROIT/WASHINGTON, (Reuters) – Volkswagen said Wednesday it is offering its newly unionized workers at its Tennessee assembly plant a 14% wage increase over four years and profit sharing.

The automaker and United Auto Workers union, which won the right to represent workers at the Chattanooga, Tennessee facility in April, have been engaged in contract talks for several months. VW said the company’s offer includes profit sharing for the first time and improves healthcare benefits for hourly workers at the plant. Continue reading “VW offers 14% wage hike over four years to Tennessee factory workers”