BERLIN, (Reuters) – BMW chief executive Oliver Zipse expects a reordering of the car industry in the coming years, warning in an interview on Thursday that the sector cannot afford mistakes, as the company bets heavily on its revamped electric vehicle offering.
“There will be a selection process in our industry,” Zipse told the Spiegel news magazine. Continue reading “BMW CEO says ‘can’t afford mistakes’ ahead of fully electric launch”
Summary
(Reuters) – A month after Tesla launched a trial robotaxi service in Austin, Texas, in June for select fans, CEO Elon Musk told investors that the company’s driverless taxis would likely be available to “half the population of the U.S.” by the end of this year.
Alphabet’s Waymo – the U.S. leader in autonomous ride-hailing – launched a similar test service in Phoenix more than eight years ago. Today, it operates in areas with about 3% of the U.S. population. Continue reading “How Tesla and Waymo’s radically different robotaxi approaches will shape the industry”
Source : PTI | There is a need to introduce small cars entailing a lower tax slab to offer an alternative to consumers at the lower end of the pyramid to shift from “risky” two-wheelers to passenger vehicles, Maruti Suzuki India Chairman RC Bhargava said on Thursday.
Speaking at Maruti Suzuki’s 44th Annual General Meeting here, he noted that with changes in emission and safety regulations over time, the cost of entry-level cars has increased, making them unaffordable for many prospective buyers. Continue reading “Need to have small cars to offer alternative to two-wheeler owners: Maruti Chairman”
Summary
Aug 26 (Reuters) – The Trump administration’s tariffs have raised manufacturing costs for the $50 billion U.S. heavy-duty truck industry, prompting companies to consider sourcing more components from Mexico to benefit from concessions under the US-Mexico-Canada Agreement (USMCA).
U.S. truck manufacturers currently face 50% tariffs on imported steel, aluminum and copper derivatives under Section 232 of the Trade Expansion Act. In addition, manufacturers like Bellevue, Washington-based Paccar are hit with tariffs on every non-USMCA-compliant part they import. Continue reading “US truck makers look for cover as Trump’s tariffs raise costs”
(Reuters) – Billionaire Elon Musk’s electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case.
Lawyers for the plaintiffs disclosed the settlement proposal in a filing on Monday in the federal court in Miami, Florida, as part of a request for legal fees from Tesla. Continue reading “Tesla rejected $60 million settlement before losing $243 million Autopilot verdict”
Source : PTI | Private vehicles continue to dominate the roads of Mumbai, with two-wheelers and cars accounting for nearly 88 per cent of the city’s 50 lakh-plus vehicle population, while public transport buses make up less than a per cent, as per a report.
According to the Brihanmumbai Municipal Corporation’s “Environment Status Report 2024-25”, Mumbai’s vehicle population crossed the 50-lakh mark in 2024-25, a gradual rise from 45,37,211 in 2023 and 47,59,976 in 2024 to 50,54,907 as of March 2025. Continue reading “Private vehicles choke Mumbai’s roads, BEST buses account for less than 1%”
Summary
GANZHOU, China, (Reuters) – Chinese copper flat wire manufacturer Wellascent’s decision early last year to build a factory in Texas was a hedge against geopolitical risks. Now the investment is paying off as U.S. import tariffs boost demand for its locally produced goods. Continue reading “Texas factory gives Chinese copper firm an edge in tariff war”
Summary
WASHINGTON/BRUSSELS, (Reuters) – The European Union will work to ensure lower U.S. tariffs on its car exports are applied retroactively to August 1, the bloc’s trade chief said on Thursday, as the transatlantic partners set out details of a framework trade deal struck in July. Continue reading “EU pushes for reduced US autos tariff from August 1 as joint text limits exemptions”
Reuters – The United States and the European Union agreed a joint statement on the framework trade dealstruck at the end of July to end months of uncertainty for industries and consumers.
Here are the main elements of the statement, produced after weeks of wrangling, spelling out what both sides have agreed to. Continue reading “What’s in Trump’s trade deal with Europe?”
By Mobility Outlook
JSW MG Motor India has announced that the MG Windsor, India’s best-selling electric vehicle, achieved a new sales record in July with 4,308 units sold in a single month. Since its launch, the company has sold nearly 36,000 units of the Windsor, cementing its leadership in the Indian 4W-EV segment.
The strong performance helped the brand expand its EV market share by 4 percentage points, climbing from 28% in Q1 CY’25 to 32% in Q2 CY’25. During the same period, average monthly sales of the Windsor grew by 17%, while overall EV wholesales rose 28%. Continue reading “MG Windsor Sets Monthly Sales Record, Boosts EV Market Share”
By WAF Think Tank
From humble beginnings in a small rented room in Singapore, Mr. Goh built his first paint business from surplus barrels of military paint in 1949. Ten years later, his vision and determination led to a partnership with Nippon Paint of Japan—planting the seed for what would become NIPSEA Group in 1962.
By WAF Think Tank
JSW MG Motor India on Friday said it has launched its ‘EV Sahi Hai’ campaign aimed at addressing misconceptions and building public confidence in electric mobility. The campaign focuses on the financial benefits of electric vehicle (EV) ownership, the expanding charging infrastructure, and the reduction of range anxiety.
Two-phase campaign structure
The initiative will be rolled out in two phases. The first is consumer-led, featuring 10 short films promoted on digital platforms and television. These films present real EV owners sharing their experiences and reasons for switching to electric vehicles, ending with the message, ‘EV Sahi Hai’. Continue reading “JSW MG Motor India launches ‘EV Sahi Hai’ awareness campaign”
Uno Minda delivered a strong top-line performance, reporting consolidated revenue from operations of approximately ₹4,489 crore, marking a year-on-year (YoY) increase of 17–18% from around 3,818 crore in Q1 FY25 . This growth was bolstered by a one-time ₹69 crore incentive income from a prior period.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 33% YoY to ₹543 crore, resulting in an improved margin of ~12.1%, up approximately 142 basis points from the previous year. Normalised EBITDA (adjusting for one-offs) stood at ₹474 crore, maintaining margins around 10.7% Continue reading “Uno Minda Q1 FY26 Performance and Future Outlook”
Gurugram, NCR (India) – After its high-profile retail debut in Mumbai three weeks back, Tesla Inc., the world’s most valuable electric vehicle (EV) manufacturer, has now leased a massive retail and experience space in Gurugram, Haryana, part of the National Capital Region (NCR). This marks Tesla’s aggressive northward expansion in India as it prepares for a full-fledged launch of its globally popular EV models.
Prime Location & Significant Investment
Industry insiders reveal Tesla has leased around 33,475 sq ft retail and service center space at Orchid Business Park, Sohna Road, Gurgaon at a monthly rental of Rs 40 lakh for a tenure of 9 years, highlighting the EV maker’s premium positioning and long-term commitment to India.
Continue reading “After Mumbai, It’s Gurugram for Tesla in India!”
By WAF Think Tank
Jaguar Land Rover (JLR), the iconic British luxury carmaker owned by Tata Motors, has named P B Balaji its new Chief Executive Officer — a historic moment, as he becomes the first Indian to lead the company. His appointment, effective mid-November 2025, marks a significant milestone for both JLR and its parent company.
Balaji takes over from Adrian Mardell, who retires after a 35-year tenure—three of those as JLR’s CEO—and will support the transitional phase through the end of his contract. The JLR board approved Balaji’s appointment on August 4, 2025, with formal assumption of the role set for approximately November 17, 2025. Continue reading “P B Balaji, CFO of Tata Motors, Becomes the First Indian CEO of Jaguar Land Rover”
Bengaluru, : Marking a proud milestone in its journey in India, Toyota Kirloskar Motor (TKM) today celebrated 20 remarkable years of the Toyota Innova, a name that has grown to become a trusted companion for millions of Indian families and businesses. With over 12 lakh plus units sold across its three offerings, Innova, Innova Crysta, and Innova HyCross, the brand stands as a symbol of unwavering customer trust and lasting value. Over the past two decades, the Innova has continuously evolved to reflect the changing aspirations of the customers in India, while staying rooted in Toyota’s core philosophy of Quality, Durability, and Reliability (QDR). This is not just a milestone of numbers, but a celebration of innumerable journeys, memories, and moments made possible by Innova that has truly stood the test of time. Continue reading “Toyota Innova Completes 20 Glorious Years in India, Trusted by 12 Lakh Plus Customers”
By WAF Think Tank
THOOTHUKUDI, India | Vietnamese automaker VinFast has officially commenced production at its first manufacturing plant in India, marking the rollout of the very first car from the facility located in Thoothukudi, Tamil Nadu. The project represents the initial phase of a larger US $2 billion investment strategy, with US $500 million committed over the first five years.
Spread across 400 acres within the SIPCOT industrial park, the plant is VinFast’s third globally and its first outside Vietnam. The facility is currently assembling two premium electric SUV models, the VF 7 and VF 6, tailored for the Indian market in right-hand drive configuration. Production began with a capacity of 50,000 units per year, expandable to 150,000 units based on demand. Continue reading “VinFast Rolls Out First Car from its Production Plant in India”
Pune, India – Tata AutoComp Systems Limited (TACO) announces with Japan’s Ichikoh Industries Limited (Ichikoh), a company listed on the Tokyo Stock Exchange Prime Market and owned at 61.2% by Valeo, the project to acquire Valeo’s lighting business in India through the acquisition of the Valeo Lighting Systems (VLS) business of Valeo India Private Limited. The acquisition would be consummated through a 50:50 Joint Venture company (JVC) to be formed between TACO and Ichikoh Industries.
The JVC should cater to the automotive lighting market in India. The definitive agreements are in the process of being finalized between TACO and Ichikoh regarding the formation of the JVC and the acquisition of the VLS Business and shall be subject to procurement of necessary statutory and regulatory approvals. Continue reading “Tata AutoComp and Ichikoh Industries to Partner for Automotive Lighting in India”
By WAF Think Tank | Email – hi@waf.bz
Bengaluru, August 4, 2025 – Electric two-wheeler manufacturer River Mobility has achieved its best-ever monthly sales performance in July 2025, registering sales of 7,200 units, a 68% increase compared to the same month last year. The surge reflects growing demand for electric mobility solutions and River’s expanding presence in urban and semi-urban markets.
The company’s flagship models, River Indie and River Flow, continued to drive demand, appealing both to individual commuters and fleet operators engaged in last-mile delivery. The brand’s focus on functional design, robust build quality, and improved after-sales support has been cited as key differentiators in a highly competitive EV two-wheeler segment. Continue reading “River Mobility Clocks Best-Ever Sales in July 2025, Records 68% Year-on-Year Growth”
by WAF Think Tank
New Delhi, Aug 3, Škoda Auto Volkswagen India Private Limited (SAVWIPL) has officially named Nipun Mahajan as the new Head of Sales & Network for Audi India, effective from August 1, 2025. He will report directly to Balbir Singh Dhillon, Brand Director of Audi India .
A Leader with Nearly Three Decades of Automotive Expertise
Mahajan joins Audi India with nearly 30 years of experience across both global and Indian automotive markets. Most recently, he served as ASEAN Regional Sales & Marketing Director for Stellantis Malaysia, spearheading commercial operations across Southeast Asia. His earlier leadership roles include tenures at Fiat Chrysler, Harley‑Davidson India, Honda Cars, Volkswagen, and Porsche .
Continue reading “Audi India Appoints Industry Veteran, Nipun Mahajan as Head of Sales & Network”
ROME, (Reuters) – Sales of new cars in Italy fell by 5.11% year-on-year in July, transport ministry data showed on Friday, indicating a persistently weak market in the European Union’s third largest economy.
Total sales in July stood at 118,493 vehicles.
Market leader Stellantis whose brands include Fiat, Jeep and Peugeot, suffered an even bigger sales slide of around 13% year-on-year, according to Reuters calculations. Continue reading “Italy’s new car sales down 5.11% in July”
FRANKFURT, (Reuters) – Daimler Truck one of the world’s biggest truckmakers, on Thursday slashed a key profit forecast for 2025 due to “continuous market weakness in North America”, the latest warning from industry as U.S. President Donald Trump imposes tariffs on imports.
The German company now expects adjusted earnings before interest and taxes (EBIT) in a range of 3.6 billion euros to 4.1 billion euros ($4.1 billion to $4.7 billion), compared with 4.7 billion euros reported for 2024. Continue reading “Daimler Truck slashes key profit forecast on North America weakness”
(Reuters) – New car registrations in France slid 7.66% in July from a year earlier to 116,377 vehicles, data from French car body PFA showed on Friday.
Tesla sales in the country fell 26.57% to 1,307 vehicles last month. Since the start of the year, Tesla’s sales have slumped by 38.52%, while the overall French market has shrunk by 7.91% over the same period. Continue reading “France new car registrations down 7.66% in July, Tesla sales drop 26.57%”
Summary
NEW DELHI, (Reuters) – Tata Motors plans to raise about 1 billion euros ($1.14 billion) of equity to repay the loan funding its $4.5 billion offer, to buy Iveco’s trucks and bus business, the Indian automaker’s chief financial officer said on Thursday. Continue reading “India’s Tata Motors to raise 1 billion euros in equity for Iveco deal”
Summary
BERLIN, (Reuters) – Germany’s BMW maintained its full-year guidance on Thursday despite U.S. tariffs and quarterly earnings dropping by a third, arguing that its large manufacturing presence in the country gives it an edge over rivals. Continue reading “BMW sticks with guidance despite profit drop, Trump’s tariffs”
Source : PTI | An Indian Institute of Technology (IIT), Madras-incubated company, Plugzmart, has developed an indigenous EV charging platform that allows a charger to connect with multiple Charging Management Systems (CMS) networks, according to officials.
The first-of-its-kind “Relay”, a Multi-CMS Connect platform, allows a single EV charger to connect to multiple CMS simultaneously. This means a charger is no longer restricted to a single app or network, giving it the freedom to be accessed by multiple platforms, all in real time, they said. Continue reading “IIT Madras incubated firm develops EV charging platform to link chargers with multiple networks”
Source : PTI | VinFast, the Vietnamese EV maker, has done it again.
First it was in the port city of Haiphong, turning a swamp into a state-of-the-art factory. Now, the company is attempting a similar feat in southern India, where the contours of its second major plant are beginning to emerge.
Over a year ago, the land outside Thoothukudi was little more than sun-baked scrubland. Today, assembly lines stand ready, the machinery set to stamp, weld and paint the first Vietnamese-designed electric cars meant for Indian roads. Continue reading “With Tamil Nadu’s EV plant, VinFast dreams far and wide”
TOKYO, (Reuters) – Toyota on Wednesday its worldwide output and sales reached record highs for the first six months of the year, fuelled by strong demand in markets including North America, Japan and China.
The world’s biggest automaker’s global sales for January-June grew 5.5% year-on-year to more than 5.1 million vehicles, supported by demand for hybrid vehicles, which accounted for about 43% of its worldwide sales over the period. Continue reading “Toyota global output, sales hit record highs in January-June”
For years, the global automotive and clean energy sectors have been haunted by a common nightmare: the scarcity of rare earth materials, lithium, copper, and cathode components essential for electric vehicles (EVs), batteries, and renewable energy storage. But in a major shift this year, industry observers are declaring that the age of critical mineral bottlenecks may finally be coming to an end.
Summary
TOKYO, (Reuters) – Japan’s exports fell for a second straight month as sweeping U.S. tariffs took a toll on the country’s manufacturers, with its fragile economy exposed to greater risks from the global trade war in coming months. Continue reading “Japan’s exports drop as US tariffs hit automobiles, pressure set to intensify”
WASHINGTON, (Reuters) – President Donald Trump’s nominee to head the nation’s auto safety regulator will argue on Wednesday that the agency must actively oversee self-driving vehicle technology, a potential sign of a tougher approach than some critics expected.
Jonathan Morrison, chief counsel of the National Highway Traffic Safety Administration in the first Trump administration, will testify to the U.S. Senate that autonomous vehicles offer potential benefits but also unique risks. Continue reading “US auto safety nominee calls for active oversight of self-driving cars”
Key Highlights from Q1 (April–June 2025)
Continue reading “Auto Industry Sales Performance of June 2025 and Q1 (April–June 2025)”
(Reuters) – Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market research firm Rho Motion said on Tuesday.
Still, EV sales in the United States were down 1% in the month and will struggle to pick up this year, after President Donald Trump’s spending bill cut tax credits sooner than anticipated, Rho Motion’s data manager Charles Lester said. Continue reading “Global EV sales jump 24% in June though North American market struggles, research firm says”
Source : PTI | The Delhi government is mulling to extend the EV policy, which will expire on July 15, sources said.
The EV policy has been extended multiple times under both the previous AAP regime and the current government led by the BJP.
The EV policy will expire on July 15, and the government is considering extending it since the new policy is still in the works, sources said. The government might extend the existing policy for another three months, they added. Continue reading “Delhi govt mulling to extend EV policy as new policy still in works”
Summary
(Reuters) – China’s auto sector is reeling from overcapacity and an extended price war, raising alarm among regulators and industry executives who warn the turmoil is undermining the sector’s long-term viability.
China’s top leaders have pledged to step up regulation of aggressive price-cutting and support the orderly phasing out of outdated production capacity, state media reported earlier this month. Continue reading “China automakers’ price war, overcapacity hurt finances”
Continue reading “ChargeZone Launches India’s Largest EV Charging Hub in Bengaluru”
Continue reading “JSW MG Motor sells 5,829 cars in June 2025, a 21 percent YoY Growth”
BEIJING, (Reuters) – Only 15 out of the 129 brands that currently sell electric vehicles and plug-in hybrids in China will be financially viable by 2030, as intense competition forces consolidation and some to exit the market, consultancy AlixPartners said on Thursday.
These 15 brands are projected to account for approximately 75% of China’s EV and plug-in hybrid market by the end of the decade, each averaging annual sales of 1.02 million units, AlixPartners said, without specifying brand names. Continue reading “Only 15 electric vehicle brands in China will survive by 2030, AlixPartners says”
Summary
PARIS, (Reuters) – Renault will book a one-off loss of about 9.5 billion euros ($11 billion) on its stake in Nissan Motor, the French carmaker said on Tuesday, writing down its years-long investment in its Japanese partner that is battling slumping sales.
The move is a further loosening of ties between the companies after a two-decade-old alliance, with Renault gradually lowering its stake in Nissan and shifting largely to collaboration in specific manufacturing projects. Continue reading “Renault to report $11 billion loss on Nissan stake in first half”
(Reuters) – U.S. auto sales rose in the second quarter fueled by demand for gasoline-powered vehicles, but the industry is bracing for a bumpy latter half to the year as President Donald Trump’s tariffs will likely push prices higher.
General Motors retained its top spot with a 7% rise in quarterly auto sales driven by demand for lower-cost crossover SUVs such as the Chevrolet Trax. Continue reading “US second-quarter auto sales rise, tariffs may drive up prices”
