Source : PTI | India needs to be watchful of any increased risk of trade diversion into the country due to changing global tariffs, top steel industry executives said reacting to the tariff-related announcement by the US.
Major steel players JSW Steel and AMNS India said there is a need to implement necessary trade measures proactively as every country is protecting their industry. Continue reading “‘India needs to be watchful of any trade diversion risk due to steel tariff challenges’”
Source : PTI | Industry stakeholders expect a rise in demand for construction equipment this year largely driven by ‘above normal’ rainfall outlook and government’s focus on infrastructure, industry body ICEMA President designate Deepak Shetty has said.
“The India Meteorological Department (IMD) has predicted ‘above normal’ rainfall in the country and I am very happy that due to this the rural market will be benefited. As most of our machines operate in the rural area, I am hopeful that we will be benefited,” Shetty said. Continue reading “Demand for construction equipment to pick up this year: ICEMA”
Summary
BEIJING, (Reuters) – Tensions between two of China’s largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry “unhealthy”. Continue reading “China’s BYD and Great Wall Motor clash over China’s auto price war”
Summary
WASHINGTON, (Reuters) – Global auto executives are sounding the alarm on an impending shortage of rare-earth magnets from China – used in everything from windshield-wiper motors to anti-lock braking sensors – that could force the closure of car factories within weeks. Continue reading “Exclusive: Car makers warn China’s rare-earth curbs could halt production”
Summary
HONG KONG/SHANGHAI, (Reuters) – China’s Geely is undervaluing its premium electric car unit Zeekr with the $2.2 billion take-private offer it has made, five early investors in Zeekr have written to its board, according to three sources with direct knowledge of the matter. Continue reading “Exclusive: Zeekr investors criticise Geely’s $2.2 billion take-private bid as inadequate, say sources”
(Reuters) – Automakers in the United States, including Tesla must build entire vehicles including all their parts in the country instead of manufacturing parts abroad, President Donald Trump said on Friday.
The comments from Trump, at a press conference marking Tesla CEO Elon Musk’s last official day at the White House as a senior adviser, were in response to a question on tariffs hurting companies such as Tesla that import auto parts from other countries. Continue reading “Trump says automakers, Tesla must build cars, parts in US”
Source : PTI | Realty firm Kanakia Group has tied up with US-based Hines, Mitsubishi Estate and Sumitomo Corporation to develop a premium 15 lakh square feet office complex at BKC in Mumbai.
In a statement on Friday, Kanakia Group said it has entered into a joint venture with Hines, and two of Japan’s prominent conglomerates Mitsubishi Estate Co Ltd. (MEC) and Sumitomo Corporation for development of a premium office project in Bandra Kurla Complex (BKC).
Source : PTI | FASTags not properly working, extra money charged by toll plazas and the quality of roads being constructed were some of the issues that drew concern from the members of Parliament’s Public Accounts Committee, its chairperson and Congress MP K C Venugopal said Thursday.
The recent collapse of a part of a national highway in Kerala was also flagged at the meeting, and a high-level committee will be travelling to the southern state to look into the matter, he added.
Continue reading “PAC voices worries about FASTags and highway toll hikes”
Summary
(Reuters) – Elon Musk’s break with the Trump administration means investors will hope he refocuses on his sprawling empire as Tesla battles slumping sales and after SpaceX’s latest rocket launch fell short of expectations. Continue reading “Musk’s White House exit refocuses questions about Tesla, other businesses”
BEIJING, (Reuters) – Porsche struck a deal on Friday to set up its China research and development centre in Shanghai’s Jiading district, according to a local government statement.
Under the deal, Porsche models will be equipped with the first infotainment solution tailored for the Chinese market in 2026, the statement said. Continue reading “Porsche to set up R&D centre in Shanghai, local government says”
STOCKHOLM, (Reuters) – S&P on Friday lowered the outlook for its BB+ credit rating on Volvo Cars to “negative” from “stable”, saying U.S. tariffs and tougher competition in China were hurting the company’s growth prospects.
The Sweden-based automaker, which is majority-owned by China’s Geely, last month withdrew its earnings guidance and announced cost cuts, which will include laying off some 3,000 mostly white-collar workers amid a slowdown in demand. Continue reading “S&P lowers outlook on Volvo Cars rating citing US tariffs, competition in China”
Summary
FRANKFURT, (Reuters) – For all the drama surrounding U.S. President Donald Trump’s trade tariffs, the world economy is holding up better than many had expected.
The latest data from the United States, China and, to a lesser extent, Europe are showing resilience and the global economy as a whole is still expected to grow modestly this year. Continue reading “Global economy’s ‘sugar rush’ defies trade drama – for now”
Summary
HONG KONG/SHANGHAI, (Reuters) – China’s Geely is undervaluing its premium electric car unit Zeekr with the $2.2 billion take-private offer it has made, five early investors in Zeekr have written to its board, according to three sources with direct knowledge of the matter. Continue reading “Exclusive: Zeekr investors criticise Geely’s $2.2 billion take-private bid as inadequate, say sources”
Summary
BEIJING, (Reuters) – Tensions between two of China’s largest automakers erupted into the open on Friday when a BYD executive slammed as alarmist comments by the chief of Great Wall Motor that called the industry “unhealthy”. Continue reading “China’s BYD and Great Wall Motor clash over China’s auto price war”
Summary
BERLIN/FRANKFURT, (Reuters) – Volkswagen wants to make more big investments in the United States, CEO Oliver Blume said in an interview with a German newspaper on Friday, adding that tariff talks with the U.S. government were “fair” and “constructive”. Continue reading “Volkswagen flags ‘massive’ US investments and says tariff talks constructive”
(Reuters) – Hyundai Motor is considering a 1% price increase on its entire U.S. lineup, looking to soften a hit from U.S. President Donald Trump’s tariffs, Bloomberg News reported on Thursday, citing people familiar with the matter.
The price hikes could come as soon as next week and would affect the suggested retail price of every model in its lineup, the report said, adding that they would apply to newly built vehicles, leaving cars that are already in dealer lots unaffected. Continue reading “Hyundai considering 1% price hike on US vehicles to counter tariff hit, Bloomberg News reports”
DETROIT/WASHINGTON, (Reuters) – Ford Executive Chair Bill Ford on Thursday sounded the alarm over the potential for the U.S. government to eliminate production tax credits that support the manufacturing of electric vehicle batteries using Chinese technology.
The disappearance of the credits would threaten Ford’s projected $3 billion investment in a Marshall, Michigan, plant that is 60% complete and slated to employ 1,700 workers. Continue reading “Ford head says GOP tax bill provision could ‘imperil’ battery factory”
Summary
LOS ANGELES, (Reuters) – Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump’s trade tariffs. Continue reading “Court battle over Trump tariffs prolongs shipper uncertainty as holiday season nears”
Source : PTI | Ride-sharing platform Rapido has partnered with the Society for Advanced Clinical and Therapeutic Emergency Medicine (SACTEM) to provide basic life support training to over 1,000 bike, auto and cab captains across 16 cities in the country, the company said on Wednesday.
The initiative was flagged off on the World Emergency Medicine Day, which is observed globally on May 27 every year. Continue reading “Rapido to provide basic life support training to over 1,000 drivers”
WAF THINK TANK
Why Are Companies Like Renault and Nissan Struggling in the Indian Car Industry? CarPhD
JSW MG Motor India’s ‘MG SELECT’ Blends Innovation With Lifestyle Appeal WAF Continue reading “WAF Auto News | The Auto World This Week (30th May 2025)”
BEIJING, (Reuters) – Xiaomi tab rolled out its new sports utility vehicle in Beijing on Thursday, as the firm best known for smartphones and consumer electronics gears up to further challenge Tesla in the world’s largest auto market.
Xiaomi launched the YU7 at 13 of its Beijing showrooms and will start taking orders for the vehicle in July. It is keen to repeat the success of the sporty SU7 sedan, which launched last year and has outsold Tesla’s Model 3 on a monthly basis since December. Continue reading “Xiaomi’s Tesla Y rival YU7 hits showrooms in Beijing”
(Reuters) – Tesla shares rose more than 2% on Thursday after news that CEO Elon Musk was stepping away from the Trump administration, fueling hopes that he will sharpen focus on the automaker as it gears up for its hotly anticipated robotaxi debut.
Musk’s ties with U.S. President Donald Trump and his tilt toward right-wing politics in Europe had fueled waves of protests against Tesla in recent months, pushing some buyers away and rattling investors worried about brand damage. Continue reading “Musk’s Trump administration exit lifts Tesla shares on hopes of renewed focus”
The latest version of the iconic Golf GTI, makes its debut in India, the sportiest hot hatch delivering maximum thrill to Indian car enthusiasts
TOKYO, (Reuters) – Toyota said on Thursday its worldwide output and sales rose for a fourth consecutive month in April on strong demand for hybrid vehicles and rush buying in the United States over U.S. President Donald Trump’s import tariffs.
The world’s biggest automaker’s global sales for April increased 10% year-on-year to 876,864 vehicles, with U.S. sales climbing just as much, fuelled by strong demand, including rush-buying over the tariffs, according to Toyota. Continue reading “Toyota global output, sales rise for the fourth straight month in April”
SHANGHAI, (Reuters) – A large dealer of Chinese electric vehicle maker BYD’s, cars in the eastern province of Shandong has gone out of business with at least 20 of its stores found to be deserted or shut, government-owned media reported.
The Jinan Times, which is owned by the government of the provincial capital of Jinan, reported on Wednesday that Qiancheng Holdings, which ran BYD stores, had fallen into difficulties, affecting more than 1,000 consumers who were still owed warranty coverage and after-sales services. Continue reading “Big BYD dealer in eastern China goes out of business, local media reports”
Summary
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
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
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
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
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.
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
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
(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
(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”
