(Reuters) – A crash involving a Tesla Cybertruck in self-driving mode this week has sparked worries about the reliability of the company’s software that powers the feature, days after CEO Elon Musk said he would roll out a paid robotaxi service this year.

The pickup, the latest model in Tesla’s lineup, failed to merge out of a lane that was ending, hit the curb and crashed into a pole in Nevada’s Reno city while on its Full Self-Driving feature, which still requires a human in control behind the wheel. Continue reading “Cybertruck crash raises alarm bells about Tesla’s self-driving software”

Summary

• BYD opens Brazil mining subsidiary, buys rights in two plots in 2023
• Plots next to Atlas Lithium project, half a day from new BYD factory
• Subsidiary in the research phase, with no operating revenues
• Brazil lithium sector draws interest from U.S. and Saudis

RIO DE JANEIRO, (Reuters) – Chinese electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China, according to public records reviewed by Reuters. Continue reading “Exclusive: China’s BYD holds mining rights in Brazil’s Lithium Valley, documents show”

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Compressed biogas offers a sustainable solution to Delhi’s pollution crisis: Report WAF Continue reading “WAF Auto News | The Auto World This Week (14th February 2025)”

MG SELECT has announced the appointment of 12 dealer partners across the country as it sets out to redefine the luxury automotive retail experience in India. The newly appointed dealers will manage 14 MG SELECT Experience Centres in 13 cities during the first phase of expansion, introducing customers to a blend of sustainability, innovation, and craftsmanship under the banner of ‘accessible luxury.’

The 12 selected dealers are recognised for their expertise in the automotive and luxury sectors, a strong reputation for customer service, and a commitment to excellence. Their participation aligns with MG SELECT’s vision to elevate the luxury automotive experience in India. These partners will operate in cities including Mumbai, Delhi, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, Kolkata, Kochi, Chandigarh, and Surat. Continue reading “MG SELECT Appoints 12 Dealer Partners For Luxury Automotive Retail”

Source : PTI | New Delhi: To ensure a smooth transition without compromising energy security, India is strategically investing in diverse energy sources, including scaling up biofuel production, increasing its gas share from 6% to 15%, and targeting 5 million metric tonnes of hydrogen production by 2030, said the Union Minister of Petroleum and Natural GasHardeep Singh Puri on Tuesday.

However, he noted that while renewables are set to become the dominant energy resources, oil and gas will still play a vital role. Continue reading “Renewables to dominate, but oil and gas remain vital, says Hardeep S Puri”

Source : PTI | Carmakers and local authorities in India are embroiled in USD 6 billion worth of tax disputes spanning years of scrutiny by the income tax, customs and excise departments.

Here are some of the biggest of those disputes, based on a Reuters analysis of the companies’ latest financial disclosures. Continue reading “Which carmakers in India are embroiled in USD 6 billion of tax disputes?”

Source : PTI | Hinduja Group flagship, Ashok Leyland, which reported a 33% growth in exports for Q3 FY25 at 4,151 units said the exports demand was mainly driven by international markets such as SAARC (South Asian Association for Regional Cooperation), Africa, and GCC (Gulf Cooperation Council).

“Our export business is driven by our continued focus on export-specific products and our strong local presence in the GCC, SAARC, and African markets,” said Shenu Agarwal, Managing Director & CEO of Ashok Leyland. The GCC comprises approximately 30% of the company’s exports. Continue reading “Ashok Leyland records strong export growth driven by SAARC, GCC, African markets”

YOKOHAMA, Japan, (Reuters) – Japan’s Nissan posted a 78% fall in third-quarter operating profit to 31.1 billion yen ($201.84 million) on Thursday, missing analysts’ estimates, and cut its annual outlook for the third time.

The result compared with an average estimate of 63.2 billion yen in a poll of eight analysts by LSEG and a 141.6 billion yen profit in the same period a year earlier. Continue reading “Nissan posts 78% Q3 profit drop, cuts annual forecast for third time”

BANGKOK,(Reuters) – Mazda Motor Corp plans to invest 5 billion baht ($150 million) in Thailand to produce electric compact sport utility vehicles, Thailand’s Board of Investment said on Thursday.

The “investment is to support domestic sales and exports to Japan and other countries, such as ASEAN (Southeast Asian) countries, targeting a production of 100,000 units per year,” the investment board said, quoting Mazda President Moro Masahiro. Continue reading “Japan’s Mazda plans $150 million investment in Thailand EV production”

TOKYO, (Reuters) – Japan’s Honda Motor said on Thursday its third-quarter operating profit increased 5% from a year earlier, largely due to a strong performance of its motorcycle business and a weak yen, but missed analysts’ estimates.

Honda also said in a joint statement with smaller rival Nissan that the companies had agreed to end merger talks but would continue to cooperate in electric vehicles. Continue reading “Japan’s Honda posts 5% rise in Q3 profit”

Summary

• A merger would have created the world’s No. 4 auto group
• Honda had wanted to make Nissan a subsidiary, sources say
• Foxconn says it is open to taking a stake in Nissan

YOKOHAMA, Japan, (Reuters) – Nissan and Honda ended talks to merge and create a $60 billion carmaker on Thursday, pitching Nissan into deeper uncertainty and underlining the difficulties faced by many auto manufacturers as Chinese rivals disrupt the industry. Continue reading “Nissan and Honda ditch $60 billion merger talks and face new uncertainty”

Production: The total production of Passenger Vehicles, Three Wheelers, Two Wheelers, and Quadricycle in January 2025 was 25,46,643 units

Domestic Sales:

• Passenger Vehicles sales were 3,99,386 units in January 2025.
• Three-wheeler sales were 58,167 units in January 2025.
• Two-wheeler sales were 15,26,218 units in January 2025.

Continue reading “India Automobile Performance – January 2025”

LONDON, (Reuters) – Two European startups said on Thursday they had hit milestones in recycling electric vehicle battery materials that will be needed to meet European regulations, reduce China’s dominance of the entire battery supply chain and lower CO2 emissions.

Starting in August 2030, European automakers’ EV batteries must include a minimum of 6% each of recycled lithium and nickel, and 16% of cobalt, rising five years later. This has spurred a race to challenge China’s lead in battery recycling. Continue reading “European EV battery material startups make recycling breakthroughs”

WASHINGTON, (Reuters) – Ford Motor CEO Jim Farley met with U.S. lawmakers on Wednesday after raising concerns this week that 25% tariffs on Mexico and Canada would “blow a hole” in the U.S. auto industry.

Farley met with Senators Roger Marshall, Elissa Slotkin, Deb Fischer and many House of Representatives lawmakers after warning this week that tariffs President Donald Trump might impose could be devastating and benefit rival foreign automakers. Continue reading “Ford CEO holds meetings with lawmakers after raising concerns about tariffs”

BOSTON, (Reuters) – A federal judge on Tuesday rejected a challenge by a group representing automakers to a Massachusetts voter-approved measure that expanded access to vehicle data and allowed independent shops to repair increasingly sophisticated automotive technology.

The ruling by U.S. District Judge Denise Casper in Boston marked a defeat for the Alliance for Automotive Innovation, a trade association representing General Motors, Volkswagen, Stellantis , and other automakers that challenged the law. Continue reading “Massachusetts voter-approved vehicle data access measure survives court challenge”

Summary

• India’s import tax tussles revive calls for amnesty scheme
• India’s record tax demand of $1.4 billion from VW alarms firms
• Arrears of service tax, excise, customs at $52.5 billion
• About 70% of tax arrears stuck in litigation, govt data shows

NEW DELHI, (Reuters) – India’s demand for back taxes running into a record $1.4 billion from Volkswagen, after 12 years of scrutiny, is reigniting concerns that lengthy investigations and litigation could sour the plans of foreign firms in the fastest-growing major economy. Continue reading “Volkswagen’s $1.4 billion India tax tussle rekindles foreign investor fears”

NEW TAIPEI, Taiwan, (Reuters) – The chairman of Taiwan’s Foxconn said on Wednesday that the company’s aim is cooperation with Nissan, not acquisition, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda.

Struggling Nissan is again at a crossroads after sources said last week that negotiations with bigger rival Honda to create the world’s No. 4 automaker had been complicated by growing differences. Continue reading “Foxconn says its aim is cooperation with Nissan, not acquisition”

WASHINGTON, (Reuters) – U.S. Senate Republicans on Wednesday proposed a pair of bills to kill the country’s $7,500 electric vehicle tax credit and impose a new $1,000 tax on EVs to pay for road repairs.

Senator John Barrasso, joined by 14 senators including Senate Majority Leader John Thune introduced legislation to repeal the tax credit for new EVs and kill the $4,000 used EV credit, end the federal investment tax credit for EV charging stations and end credits for leased EVs. The credits would end 30 days after the bill was signed into law. Continue reading “Senators propose killing US EV tax credit, new $1,000 tax for road repairs”

Source : PTI | New Delhi: TVS Motor Company on Wednesday said it will invest INR 2,000 crore in Karnataka over the next five years with plans to set up a capability centre and expand production. As part of the agreement inked with the Karnataka government, the company said it will set up a global capability centre, expand its production and engineering capabilities in Mysuru, build a test track and set up a new company office infrastructure in the state.

TVS Motor Company Managing Director Sudarshan Venu outlined the company’s plan at the Global Investors Meet (GIM), Invest Karnataka 2025.

Continue reading “TVS Motor to invest INR 2,000 cr in Karnataka over next 5 years”

BOSTON, (Reuters) – A federal judge on Tuesday rejected a challenge by a group representing automakers to a Massachusetts voter-approved measure that expanded access to vehicle data and allowed independent shops to repair increasingly sophisticated automotive technology.

The ruling by U.S. District Judge Denise Casper in Boston marked a defeat for the Alliance for Automotive Innovation, a trade association representing General Motors, Volkswagen Stellantis , and other automakers that challenged the law. Continue reading “Massachusetts voter-approved vehicle data access measure survives court challenge”

BEIJING, (Reuters) – China’s car sales fell 12% in January from a year earlier, the first decline since September and the biggest drop in almost a year, as automakers braced for intense competition in the world’s largest auto market.

Passenger vehicle sales tend to post big swings in the first two months, due to shifting timings for the Lunar New Year, which began in January this year versus February last year. Continue reading “China’s car sales post biggest drop in almost a year in January”

Summary

• Some firms put off shipments after earlier speeding up orders
• Tariffs add cost and chaos, says Ford CEO
• Coca-Cola could shift imports to rely more on plastic

DETROIT/MONTREAL/HOUSTON, (Reuters) – Executives across industries reliant on steel and aluminum imports were scrambling to offset the cost of Donald Trump’s move to slap 25% tariffs on those key metals after previous tariff threats from the White House that were later scrapped. Continue reading “Executives plot strategy to deal with ‘cost and chaos’ of Trump tariffs”

(Reuters) – Toyota Motor Corp is recalling 106,061 U.S. vehicles over a brake fluid leak that can reduce braking ability and increase the risk of a crash, the National Highway Traffic Safety Administration said on Tuesday.

The recall affects certain 2024-2025 Tacoma four-wheel drive vehicles. Continue reading “Toyota to recall over 100,000 US vehicles over brake fluid leak, NHTSA says”

NEW TAIPEI, Taiwan, (Reuters) – The chairman of Taiwan’s Foxconn said on Wednesday that the company’s aim is cooperation with Nissan not acquisition, as the Japanese automaker’s future hangs in the balance after stepping back from merger talks with Honda.

Struggling Nissan is again at a crossroads after sources said last week that negotiations with bigger rival Honda to create the world’s No. 4 automaker had been complicated by growing differences. Continue reading “Foxconn says its aim is cooperation with Nissan, not acquisition”

Summary

• Nissan’s pride and denial hindered merger talks, sources say
• Honda pushed Nissan for deeper cuts to jobs, factory capacity, sources say
• Nissan unwilling to consider factory closures, sources say
• Honda’s proposal to make Nissan a subsidiary caused tensions, sources say

TOKYO, (Reuters) – Nissan was deep in trouble late last year when rival Honda offered a lifeline: a $60 billion tie-up that would help both Japanese automakers compete against the Chinese brands upending the car industry. Continue reading “How Nissan and Honda’s $60 billion merger talks collapsed”

BEIJING, (Reuters) – Tesla’s battery megafactory in Shanghai, for manufacturing its megapack batteries, has launched production on Tuesday, Chinese official news agency Xinhua said. Continue reading “Tesla’s Shanghai megapack battery plant launches production, Xinhua says”

Summary

• Xpeng, Geely shares fall amid BYD’s free smart driving features
• BYD’s move could trigger price war in competitive EV market
• Analysts say rivals face pressure, may struggle to match BYD’s pricing

SHANGHAI, (Reuters) – Shares in Chinese automakers Xpeng and Geely Auto tumbled on Tuesday on worries they will struggle to compete against BYD’s move to offer smart driving features across almost all of its line-up for free. Continue reading “Xpeng, Geely shares fall after BYD offers free smart driving tech”

BEIJING, (Reuters) – Leapmotor, the Chinese partner of Stellantis on Tuesday launched a new electric vehicle with smart driving technology priced under 150,000 yuan ($20,535), a day after BYD slashed the entry price for such smart EVs.

Leapmotor said it would launch pre-sale of its B10 on March 10, its first electric vehicle model that will be equipped with lidar and urban traffic smart driving capability. Continue reading “China’s Leapmotor launches $20,000 smart EV, after BYD cuts entry price”

Source : PTI | State-owned Oil and Natural Gas Corporation on Monday said it has signed a pact with global oil major BP to explore collaboration in exploration and production, trading and other energy vectors, in India and internationally. The MoU comes within a month of ONGC selecting BP as a technical service provider for raising output from its flagship Mumbai High oil and gas field.

ONGC and BP have agreed to explore opportunities for collaboration and partnership across the energy industry in India and internationally, focused on oil and gas exploration and production, as well as trading and extending to other energy vectors,” the firm said in a statement. Continue reading “ONGC signs pact with BP for oil exploration, trading”

Source : PTI | Around 150 eco-friendly CNG taxis painted in the classic yellow colour with blue border will soon ply the roads of Kolkata, a transport official said on Friday. An MoU in this regard was signed between the state government and the operator of the service on Thursday, the last day of the two-day Bengal Global Business Summit, he said.

The move is aimed at preventing yellow taxis from going off the city roads and providing all modern amenities keeping in mind the expectations and demands of the city commuters in an economical manner, the official said. Continue reading “CNG yellow taxis to ply Kolkata’s roads soon”

Summary

• Tariff threats create factory floor turmoil at US factories
• US factories fear retaliatory tariffs from Canada and Mexico
• US equipment makers see supply chain snarls if tariffs hit key North American partners

(Reuters) – Stephen Bullock’s phone rang early Monday morning last week at his small factory in North Carolina with an urgent message from his distributor up in Toronto who was rattled by what looked like an unfolding U.S.-Canada trade war. Continue reading “Looming tariffs turned into a mad dash north for one US manufacturer”

SAN FRANCISCO, (Reuters) – Rivian is opening up sales of its delivery vans to fleets of all sizes in the United States, the electric vehicle maker said on Monday, more than a year after ending its exclusive deal with shareholder Amazon.

Rivian, known for its flagship R1S SUVs and R1T pickup trucks, has seen demand beyond Amazon for its commercial vans and has been testing them with large fleets. Continue reading “EV maker Rivian opens up commercial van sales to all fleet sizes”

SINGAPORE, (Reuters) – Japan’s Nissan Motor is open to working with new partners including even technology firms after merger talks with cross-town rival Honda Motor foundered, people familiar with the automaker’s thinking have said.

The pair were on course to create the world’s fourth-biggest automaker with annual production of nearly 7 million vehicles, just behind compatriot Toyota Motor, Germany’s Volkswagen and South Korea duo Hyundai Motor and Kia, according to 2024 sales data. Continue reading “How Nissan lost its status as Honda equal”

Summary

• Texas law allows Tesla’s robotaxi service without special permits
• Musk has repeatedly promised fully self-driving taxis are coming soon
• Austin has experience with Waymo and Cruise driverless taxis

(Reuters) – Elon Musk told investors in late January that Tesla would roll out “autonomous ride-hailing for money” by June in Austin, Texas — a state where the company faces almost no regulation, raising questions about how much safety and legal risk Tesla is willing to take on as it deploys unproven driverless technology on public streets. Continue reading “Tesla robotaxis by June? Musk turns to Texas for hands-off regulation”

Summary

• Dongfeng JVs with foreign brands lose market share to domestic rivals such as BYD
• China urges SOE automakers to improve EV competitiveness
• Dongfeng, Changan leverage Huawei brand, tech to boost EV sales

HONG KONG, (Reuters) – Shares of Dongfeng Motor soared as much as 85.8% in Hong Kong on Monday after the Chinese automaker said its parent was planning a restructuring, stoking speculation that some of the state-owned players could be merged as competition grows. Continue reading “Dongfeng Motor shares surge as restructuring plans prompt merger speculation”

Source : PTI | New Delhi: Bajaj Auto is gearing up to enter the domestic e-rickshaw segment by the end of this fiscal to tap a ‘sizable opportunity’ in a fast-growing but highly unorganised market, according to a top company official. The company expects to get regulatory clearances towards the end of the ongoing quarter for its e-rickshaw that will enable it to enter the segment which is about 45,000 units a month, Bajaj Auto Executive Director Rakesh Sharma told analysts.

“By the end of this financial year, we also intend to launch a modern ‘e-rick’, which will set an absolutely new standard in the segment and bring a very high level of satisfaction to both owners and passengers. Continue reading “Bajaj Auto to ride into e-rickshaw segment by end of ongoing fiscal”

Source : PTI | New Delhi: Maruti Suzuki India aims to bolster charging infrastructure in the country before it drives in e VITARA with plans to establish the model as a primary vehicle in a household, according to a senior company executive. The auto major also plans to boost after-sales support, bring in a leasing model and more finance options to encourage customers to buy the model.

“One of the major concerns for the customer is the adequacy of the public infrastructure in terms of the chargers. So we are planning to have a fast charger at a frequency of 10 kilometers in the top 100 cities,” Maruti Suzuki India (MSI) Senior Executive Officer (Marketing & Sales) Partho Banerjee told PTI in an interaction. Continue reading “Maruti Suzuki plans to boost charging infra to position e VITARA as primary car”

Summary

• Tariff on China-made car costing VW brand hundreds of millions
• SEAT will be forced to cut loss-making EV if tariff not lowered
• Without the EV, SEAT will miss emissions targets, incur fines
• May be forced to cut combustion engine output, risking jobs
• “We need a solution”, CEO says

BERLIN, (Reuters) – Volkswagen’s SEAT, the Spanish subsidiary of Europe’s largest carmaker, will be forced to cut output and lay off around 1,500 workers if the EU does not lower its tariff on the brand’s China-made electric car by the end of March, its CEO told Reuters. Continue reading “Exclusive: VW’s SEAT boss warns Spanish jobs at risk if China-made EV tariff is not lowered”

(Reuters) – (This Feb. 6 story has been corrected to clarify that Nikola has done just one reverse stock split, not multiple, in paragraph 11 and in previous versions of the story)
Electric-truck maker Nikola is nearing filing for a bankruptcy, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

The company’s shares fell 20% to 60 cents in extended trading. Continue reading “Electric-truck maker Nikola nears bankruptcy filing, WSJ reports”