(Reuters) – New car sales in Europe rose 5.9% in July, the best month for more than a year in a boost for the struggling industry as consumer confidence weakens, European Automobile Manufacturers Association data showed on Thursday. Plug-in hybrid sales in the European Union recorded the biggest jump since at least January 2023, when the ACEA started reporting the figure, while those of … [Read more...]

Source : PTI | Commercial vehicle dispatches from companies to dealers are expected to witness a volume growth of 3-5 per cent year-on-year in the current fiscal, rating agency Icra said on Wednesday. Domestic commercial vehicle wholesale volumes reported a moderate 6.1 per cent year-on-year increase in July 2025, even as volumes declined sequentially by 2.7 per cent. “ICRA expects the domestic CV … [Read more...]

Source : PTI | Rating agency ICRA expects India Inc to report muted revenue growth of 5-6 per cent in the second quarter of the fiscal as against 5.5 per cent in the preceding three months. Coupled with softening of input costs such as crude oil and coal, this will result in a steady Operating Profit Margin (OPM) in the range of 18-18.2 per cent on a year-on-year (YoY) basis, it said in a … [Read more...]

TOKYO, (Reuters) – Japanese automaker Mitsubishi Motors cut its operating profit forecast for the current fiscal year by 30% on Wednesday, citing the impact of U.S. import tariffs, weaker sales expectations, and rising selling costs. The automaker now expects to post an operating profit of 70 billion yen ($475.12 million) for the fiscal year through next March, down from its previous estimate of … [Read more...]

BRUSSELS, (Reuters) – European Union targets to cut CO2 emissions from vehicles, including a 100% reduction for cars by 2035, are no longer feasible, the heads of the European automobile manufacturers’ and automotive suppliers’ associations said on Wednesday. European Commission President Ursula von der Leyen is set to host automotive sector executives on September 12 to discuss the future of the … [Read more...]

Summary AI theme dominates U.S. single stock leveraged ETF market 112 new leveraged ETFs launched in 2025, up from 38 in 2024 Nvidia earnings likely to test AI leveraged ETF market Critics warn retail investors may not grasp leveraged ETF volatility (Reuters) – AI hype that has helped push U.S. stocks to fresh records this year has driven an explosion in leveraged single stock exchange-traded … [Read more...]

Start of Production of Maruti Suzuki’s first BEV, e VITARA for sales in over 100 countries and Suzuki’s first Lithium-ion battery, cell & electrode manufacturing in India for strong hybrid electric vehicles – Significant milestones in Make in India and Aatmanirbhar Bharat Hon’ble Chief Minister of Gujarat, Shri Bhupendra Patel, and Ambassador of Japan to India, H.E. Mr. Keiichi Ono grace the … [Read more...]

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 … [Read more...]

(Reuters) – Chrysler-parent Stellantis paid $190.6 million in penalties this year for not meeting U.S. fuel economy requirements, according to a government report and the Italian-U.S. automaker. The National Highway Traffic Safety Administration said in an annual report that Stellantis paid $112.3 million in June and $78.3 million in March in payments for shortfalls from the 2019 and 2020 model … [Read more...]

TOKYO, (Reuters) – The pension trust of German automaker Mercedes-Benz has sold its entire stake in Japan’s Nissan Motor for 47.83 billion yen ($324.65 million), a source with direct knowledge of the matter said on Tuesday. Shares in the Japanese automaker ended the day more than 6% lower, following Mercedes-Benz’s announcement on Monday that it would sell its 3.8% stake. The decline marked the … [Read more...]

SEOUL, (Reuters) – South Korea’s Hyundai Motor Group said in a statement on Tuesday it is increasing U.S. investment to $26 billion from a previously planned $21 billion. Hyundai Motor Group added that it will establish a state-of-the-art robotics facility with an annual capacity of 30,000 units in the U.S. Reporting by Hyunjoo Jin and Heekyong Yang; Writing by Joyce Lee Editing by Ed … [Read more...]

(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 … [Read more...]

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 … [Read more...]

Source : PTI | Vedanta group firm Hindustan Zinc Ltd is actively exploring opportunities in rare earth elements and seeking global partners for AI and drone-based exploration of critical minerals, Chairperson Priya Agarwal Hebbar on Monday said. Addressing the shareholders during the 59th Annual General Meeting, Hebbar said, “Further, we are actively pursuing exploration opportunities in copper, … [Read more...]

(Reuters) – The National Highway Traffic Safety Administration is opening a probe into more than 1.4 million Honda vehicles sold in the United States over concerns that connecting rod bearing failures in their engines could lead to complete engine failure. In a letter dated August 20, the regulator said it received 414 reports of the issue in various Honda and Acura vehicles’ 3.5-liter V6 … [Read more...]

BERLIN, (Reuters) – German carmaker Porsche AG has scrapped plans to produce high-performance batteries at its Cellforce unit, citing slow demand for electric vehicles and changed conditions in China and the United States. The move, which according to a person familiar with the matter will see about 200 of the nearly 300 jobs at the subsidiary cut, is a further blow to European efforts to … [Read more...]

TOKYO/BERLIN, (Reuters) – The pension trust of Mercedes-Benz will sell off its roughly $346 million shareholding, a 3.8% stake, in Nissan Motor a spokesperson for the German carmaker said on Monday, adding to pressure on the Japanese automaker’s share price. Japan’s third-largest automaker has been hit by U.S. tariffs, restructuring and lower sales volumes that have contributed to a 24% slide in … [Read more...]

New Delhi, 25th August 2025: The Society of Indian Automobile Manufacturers (SIAM) organised the 2nd SIAM Automotive Taxation Conference 2025, themed “Drive with Policy Reforms and Innovation to Build Viksit Bharat.” The conference included insightful discussions related to critical role of taxation policies in supporting the growth of India’s automotive sector while contributing to the nation’s … [Read more...]

(Reuters) – Tesla has raised the price of its most-expensive Cybertruck pickup truck model by $15,000 in the United States despite softer-than-expected sales and recalls. The sharp increase follows a long-delayed rollout in which the pickup has struggled to meet Tesla’s early promises, with sales so far trailing expectations. The Cyberbeast variant, which now costs $114,990, comes with a new “Luxe … [Read more...]

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 … [Read more...]