Source : PTI | India’s duty concession offer for the auto sector under the free trade agreement (FTA) with the UK is “very nuanced” with relaxations and quotas linked to engine capacity and vehicle prices, an official said. India has included adequate safeguards in the agreement with the UK to protect its sensitive sectors and in the automobile segment, the import duty will be reduced over 10-15 … [Read more...]

Source : PTI | India could see the introduction of more Range Rover limited edition trims, specially curated for the country, to cater to the diverse set of customers in the market, according to a top company executive. The brand is looking at enhancing its presence as it anticipates growth in the Indian market with the number of high-net-worth individuals expected to rise at a fast clip by the … [Read more...]

By WAF Think Tank In a significant economic milestone, India has officially overtaken Japan to become the world’s fourth-largest economy, as announced by NITI Aayog CEO B V R Subrahmanyam. This development was confirmed during a press briefing following the 10th Governing Council meeting of NITI Aayog, citing data from the International Monetary Fund (IMF). A $4 Trillion Economy India’s nominal … [Read more...]

Summary Tariffs on the EU ‘severely’ affect Volvo Cars’ lower-cost EX30 Volvo Cars CEO hopeful for fair trade deal 50% tariffs on European imports would be ‘almost impossible’, CEO says STOCKHOLM/DETROIT, (Reuters) – Volvo Cars CEO Hakan Samuelsson said on Friday that its customers would have to pay a large part of tariff-related cost increases, and that it could become impossible to import one … [Read more...]

SAO PAULO, (Reuters) – Chinese automaker GAC announced on Friday its product launch in Brazil, saying it expects its line of hybrid and electric cars to garner market acceptance that would allow it to start building a factory in the country in late 2026. GAC’s move comes at a time of growing competition in the world’s sixth-largest automotive market, where sales of electric vehicles have been … [Read more...]

TOKYO, (Reuters) – Advisory firm Glass Lewis has recommended shareholders re-elect Toyota Motor Chairman Akio Toyoda at this year’s annual general meeting in June. Glass Lewis had recommended that shareholders vote against his re-election the past two years. Toyoda’s position at the automaker has come under scrutiny over governance concerns. Toyoda, the grandson of the company’s founder and … [Read more...]

Source : PTI | Consumer protection watchdog CCPA is investigating ride-hailing platforms like Ola Cabs and Rapido to ascertain if they are indulging in the unfair trade practice of ‘advance tipping’. On Wednesday, the Central Consumer Protection Authority (CCPA) issued a notice to Uber for allegedly “forcing or nudging” users to pay advance tips for faster service. “CCPA is investigating other … [Read more...]

Source : PTI | BMW Group India has announced a price protection programme for Indian customers purchasing the MINI 3-Door Cooper S, produced in Oxford, UK, due to anticipated duty cuts following the India-UK FTA. Under the programme, the company aims to reassure customers amidst uncertainty surrounding the India-UK FTA’s impact on vehicle prices. BMW Group India President and CEO Vikram Pawah … [Read more...]

Source : PTI | The Supreme Court has directed the National Highways Authority of India to take effective steps to curb unauthorised occupation of highway lands and form surveillance teams of police officials to carry out patrolling. The top court also directed the Centre to give wide publicity to the availability of ‘Rajmargyatra’ mobile application on print, electronic, as well as social … [Read more...]

Source : PTI | Tata Motors expects to maintain low single-digit growth in passenger vehicle sales this fiscal in line with the overall industry estimate, with the company betting on premium hatchback sales to bounce back with the introduction of its all-new version of Altroz, a top company official said on Thursday. The company is looking to regain 25 per cent share in the premium hatchback … [Read more...]

SANTIAGO, (Reuters) – Chile’s state-run mining body ENAMI has tapped Rio Tinto, for a 51% share of the Altoandinos lithium project, it said on Thursday, giving the global miner its second major venture in Chile for extraction of the key battery metal. Rio said it would initially contribute $425 million to the project to fund studies required before a final investment decision. Rio’s selection – in … [Read more...]

Summary Japanese auto suppliers face pressure from U.S. tariffs Nissan, Toyota, Ford seek cooperation from suppliers on tariff costs Kyowa Industrial diversifies amid tariff challenges, explores new markets TAKASAKI, Japan, (Reuters) – Four decades ago, Hiroko Suzuki’s father threaded the needle of a U.S. trade war by pushing the family auto-parts business into newer niche products. Now, tariffs … [Read more...]

MG SELECT of JSW MG Motor India has launched a new initiative called ‘The SELECT Art’ merging the realms of contemporary art and automotive design. In collaboration with OffBeet Media Group and mentored by visual artist Sidhant Gandhi, known as ‘toosid’, the project offers a fresh perspective on how art, community, and electric mobility can co-exist meaningfully. The campaign has been rolled out … [Read more...]

TVS Motor Company has signed a strategic MoU with OOR Cabs Pvt. Ltd to supply 500 TVS King EV MAX electric three-wheelers in FY2025–26. The TVS King EV MAX, known for its 179 km range, Bluetooth connectivity, and fast charging, has been customised for OOR’s passenger fleet. Enhancements include drinking water, thermal insulation roofing, and mobile charging ports, offering riders a premium … [Read more...]

BEIJING, (Reuters) – China’s electric vehicle giant BYD said on Wednesday it sold 213,325 vehicles with smart assisted driving features in April, accounting for almost half of its total sales of such vehicles as of end-April. BYD had sold more than 480,000 cars with smart assisted driving features as of the end of last month, the company said in a post on its WeChat account. More than 57% of BYD … [Read more...]

(Reuters) – Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors, lifting its shares more than 3% in premarket trading. The analog chip industry is seeing a gradual recovery in key sectors such as automotive and industrial, with demand also boosted by shipments of … [Read more...]

Summary Xiaomi’s YU7 SUV to compete with Tesla’s Model Y in China YU7 features longer range than Tesla’s Model Y Xiaomi faces challenges after SU7 crash, false advertising complaints BEIJING, (Reuters) – Xiaomi will start selling its YU7 electric vehicle, in July, founder and CEO Lei Jun said on Thursday, disclosing the launch date of an SUV analysts say will be the strongest rival in China to … [Read more...]

TOKYO, (Reuters) – Toyota unveiled its latest RAV4 on Wednesday and said the compact sport utility vehicle would be its first model to feature its Arene software development platform. “The RAV4 marks a start in our journey in building software-defined vehicles,” Simon Humphries, Toyota’s chief branding officer, said. In the new RAV4, the platform has helped with the development of software … [Read more...]

(Reuters) – Ford sued several California lawyers and law firms on Wednesday, accusing them of fraudulently inflating their legal fees under that state’s Lemon Law, including one instance where a lawyer allegedly billed 57-1/2 hours in one day. In a complaint filed in Los Angeles federal court against nine defendants, Ford called the alleged improper billings a “magical mystery tour” of bogus work … [Read more...]

Summary Dolphin Surf becomes BYD’s 10th model available in Europe Car will be priced from 22,950 euros BYD gaining traction in Europe after revamp BERLIN, (Reuters) – Chinese electric vehicle maker BYD’s low-cost Dolphin Surf became its 10th model available in Europe on Wednesday, with the Berlin launch increasing pressure on European rivals to produce more affordable alternatives. The car will … [Read more...]