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 … [Read more...]

Source : PTI | VinFast Auto India on Friday said it has joined hands with State Bank of India to facilitate loans for customers. The agreement aims to offer a seamless suite of credit solutions ahead of the electric automaker’s first product rollout in the country. The collaboration allows the automaker to leverage State Bank of India’s extensive pan-India network of nearly 23,000 branches to … [Read more...]

Source : PTI | The domestic tyre industry is likely to register a 7-8 per cent growth in the current fiscal on the back of replacement demand, according to people tracking the sector. JK Tyre & Industries MD Anshuman Singhania said the Indian tyre industry remains an export-heavy manufacturing sector, with outbound shipments surpassing ₹25,000 crore in FY25. “In FY26 , the Indian tyre industry … [Read more...]

Source : PTI | Electric vehicles are exempted from paying toll on the Atal Setu (formerly Mumbai Trans Harbour Link or MTHL), India’s longest sea bridge, an official said on Friday. The state Urban Development Department, in a notification on Thursday, said that the exemption will apply to electric four-wheelers and electric buses, including those operated by state transport undertakings and … [Read more...]

Summary Separate probe covers 2.4 million Teslas after four collisions, one fatal Some crash reports arrived months after those incidents-NHTSA WASHINGTON, (Reuters) – The U.S. auto safety agency said Thursday it would investigate Tesla’s delays in submitting crash reports involving advanced driver-assistance systems or self-driving vehicles. The National Highway Traffic Safety Administration … [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...]

(Reuters) – Alphabet’s robotaxi unit Waymo has received its first permit to begin testing its autonomous vehicles in New York City with a trained specialist behind the wheel, helping the company advance its self-driving ambitions. Waymo can now begin testing a limited number of its self-driving cars in parts of Manhattan and Downtown Brooklyn, New York City Mayor Eric Adams and Department of … [Read more...]

BEIJING, (Reuters) – China’s Dongfeng Motor has put its 50% stake in Dongfeng Honda Engine Company up for sale, according to a stock exchange filing on the Guangdong United Assets and Equity Exchange on Monday. A reserve price has yet to be set. The company’s assets were valued at 5.4 billion yuan ($752.15 million) last year, while its debts totaled 3.3 billion yuan, according to audited results … [Read more...]

WAF THINK TANK Top Fleet Folks, Auto Makers & Dealers in the Hall. Can you Miss it ? WAF Buying a Car with ADAS? Here’s What Smart Drivers Should Look For CarPhD Global HQ of M&A at Auto & Mobility is … WAF Govt Reps, Large Corps, Start-ups, AI Pros to Kick off  AI Premier League on Sat, 13 Sept, New Delhi | Learn More, Block Your Seat ! INDIA MG SELECT Delivers India’s … [Read more...]

WAF THINK TANK Top Fleet Folks, Auto Makers & Dealers in the Hall. Can you Miss it ? WAF Buying a Car with ADAS? Here’s What Smart Drivers Should Look For CarPhD Global HQ of M&A at Auto & Mobility is … WAF Source: worldautoforum.com … [Read more...]

Govt Reps, Large Corps, Start-ups, AI Pros to Kick off  AI Premier League on Sat, 13 Sept, New Delhi AFRICA Toyota to enter South Africa’s EV market with three models in 2026 WAF Tata Motors re-enters South Africa with Harrier, Curvv, Punch, and Tiago CNBC Nippon Paint India’s Automotive Division Accelerates Toward … [Read more...]

JSW MG Motor India’s luxury channel, MG SELECT, has officially handed over the first batch of the MG Cyberster, the brand’s all-electric roadster, to eight customers in Bengaluru. The Cyberster, billed as the world’s fastest MG, brings supercar-level performance to the electric era. Equipped with a dual-motor setup generating 503 bhp and 725 Nm of torque, the two-seater convertible can … [Read more...]

Reuters – Self-driving vehicle startup Nuro closed its late-stage funding round on Thursday, raising $203 million at a $6 billion valuation from new investors Uber (UBER.N), and Nvidia (NVDA.O), alongside returning backers. The latest tranche of $97 million follows the $106 million announced in April, which included investors such as T. Rowe Price, Fidelity, and Tiger Global. The … [Read more...]

Source : PTI | TVS Motor Company on Thursday expanded its electric commercial vehicle range with the introduction of a three-wheeler for the cargo segment. The company had forayed into the electric three-wheeler segment earlier this year with the launch of the King EV MAX to cater to the passenger segment. TVS King Kargo HD comes with a driving range of 156 km and is priced at ₹3.85 … [Read more...]

Source : PTI | JSW Group firm JSW Sarbloh Motors on Thursday said it has formed a joint venture with Tomcar USA for local production of the TX range of all-terrain vehicles in India. Phoenix, Arizona-based Tomcar is a manufacturer of high-performance all-terrain vehicles (ATVs) designed for military, commercial, and industrial operations. Under the joint venture, JSW Sarbloh Motors will … [Read more...]

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. * EU TO ELIMINATE TARIFFS ON ALL U.S. INDUSTRIAL GOODS: The EU is to remove tariffs on … [Read more...]

Reuters – Hertz Global Holdings (HTZ.O), said on Wednesday its car sales unit was partnering with Amazon.com’s (AMZN.O), automotive retail platform, Amazon Autos, to sell pre-owned vehicles, sending the car rental company’s shares up 7% in early trading. Shares of used-car retailers fell, with Avis Budget Group (CAR.O), down 6%, Carvana (CVNA.N), losing 4.2% and … [Read more...]

Summary Epsilon targets US battery makers amid duties on Chinese imports Epsilon plans $650 million Carolina plant, operational mid-2027 Seeks local buyers amid China dominance in graphite materials Reuters – India’s Epsilon Advanced Materials is moving swiftly to close deals to supply critical components to Japanese and South Korean battery makers in the U.S., a top executive said, after … [Read more...]

Source : PTI | Environment ministry has set up a separate category on its online clearance portal to speed up approvals for mining projects involving critical minerals, a move aimed at boosting domestic supply of resources considered essential for clean energy and advanced technologies, the government informed Parliament on Monday. In a written reply in the Lok Sabha, minister of state for … [Read more...]

Reuters – The U.S. Commerce Department said on Tuesday it is hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes, appliances, bulldozers and other heavy equipment, along with railcars, motorcycles, marine engines, furniture and hundreds of other products. The department said 407 product categories are being added to the list of “derivative” steel and … [Read more...]