By WAF Think Tank 

New Delhi, September 3, 2025: In a landmark move aimed at boosting demand across the automotive and agriculture sectors, the Government of India has announced a significant reduction in Goods and Services Tax (GST) on vehicles, farm equipment, and auto components. The decision, cleared by the GST Council in its latest meeting, is expected to provide relief to consumers, farmers, and manufacturers while stimulating growth in two of the country’s most critical industries.

Key Highlights of the GST Cut

Continue reading “In a Landmark Move, Govt of India slashes GST on Vehicles, Farm Equipment and Auto Parts”

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

• Tesla under pressure to deliver on robotaxi promises
• Waymo prioritizes safety, mapping, and community relations before expansion
• Tesla says its AI system bypasses extensive road testing and mapping

(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

• Import levies drive up costs for U.S. truck makers
• Tariffs add 2–4% to per-unit truck costs, ACT Research reports

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

• Factory shields its U.S. customers from 50% copper wire tariffs
• Production to start later this year, reach 3,000 T by 2028
• Chinese investments to U.S. have stalled since Trump’s trade war
• Policymakers ambivalent whether to welcome Chinese companies

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

• US to levy 15% tariff on most EU goods, 50% on steel, aluminum
• US to cut car tariffs once EU introduces legislation to reduce levies on US goods
• EU will seek to secure retroactive car tariff reduction
• Tariff relief could come in weeks, US official says

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”

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

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.

A New Era Begins

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”

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

• Iveco purchase is biggest transaction for Tata Motors
• Tata in strong position to raise equity, debt to fund deal
• Indian firm says deal makes Europe a strategic home market
• Combined company will compete with Volvo and Daimler

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

• BMW’s U.S. presence mitigates tariff impact
• Pre-tax earnings hit by China woes
• EBIT margin in auto segment on target

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”

By Auto Think Tank 

• The World Auto Forum Powers Alternate Supply Chains for a Sustainable Future

• WAF teams can help you fine tune your supply chains

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.

Continue reading “Scarcity of Rare Earth Materials, Lithium, Copper, Cathode — Finally Over Via WAF!”

Summary

• June exports down 0.5% yr/yr vs forecast rise of 0.5%
• Imports rise 0.2% yr/yr in June
• U.S.-bound shipments down 11.4% yr/yr

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)

a) Passenger vehicles

• Passenger Vehicle sales again crossed the 1 million mark in Q1 of 2025-26 (1.01 million units), it is the 2nd time in a row in Q1 in last 2 years. Due to lower sales in the later part of the quarter, sales in Q1 were lower by (-)1.4% as compared to Q1 of 2024-25.
• The share of Utility Vehicles (UVs) in the Passenger Vehicle segment has now grown to 66%. UVs have posted a growth of 3.8% in Q1 of 2025-26, over Q1 of 2024-25, while the Passenger Cars segment has degrown by (-) 11.2% over Q1 of 2024-25.
• Passenger Vehicles saw their highest ever exports in Q1 of 2025-26 of 2.04 Lakh units registering a growth of 13.2% over Q1 of 2024-25.
• Export growth in this segment was driven by stable demand across most markets, with strong performance in the Middle East and Latin America. Revival in neighbouring markets like Sri Lanka and Nepal, rising demand from Japan, and growing exports under FTAs such as Australia also contributed to the overall uptick.

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

• LSEG data for Chinese automakers show deteriorating key financial metrics over the past six years
• Automakers taking longer to pay suppliers and short-term creditors
• Chinese regulators have warned the turmoil is undermining the sector’s long-term viability

(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”

📈 Key Highlights

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”