DETROIT, (Reuters) – Volkswagen confirmed Wednesday that it is joining the growing group of automakers committing to keeping prices steady to ease car shoppers’ concerns around tariffs. Automakers have provided stability, and even deep discounts, to consumers amid worries that tariffs will drive up prices on dealer lots. In a flurry of announcements earlier this month, U.S. and foreign-owned … [Read more...]

Summary Tesla loses majority EV market share in California Backlash against Musk’s politics impacts Tesla’s image California’s EV sales rise 7.3% despite Tesla’s decline (Reuters) – Californians further soured on Tesla in the first quarter, pulling down the electric-vehicle maker’s registrations by 15% as backlash against Elon Musk’s company intensified in the state that has embraced EVs most … [Read more...]

(Reuters) – Ford Motor may raise prices on its new vehicles if U.S. President Donald Trump’s auto tariffs continue, according to a memo sent to dealers on Wednesday that was reviewed by Reuters. The Dearborn, Michigan, automaker offered deep discounts across its lineup starting earlier this month through June 2. The program will continue, but pricing on new models produced in May and beyond may … [Read more...]

Source : PTI | Diversified engineering firm Greaves Cotton Ltd on Monday announced the appointment of Parag Satpute as its new Managing Director and Group Chief Executive Officer. He succeeds Arup Basu, who resigned from the position of Managing Director of the company, and whose employment contract will come to an end on the close of business hours of May 9, 2025, the company said in a … [Read more...]

Source : PTI | European auto major Skoda Auto Volkswagen India on Monday said while it does not support the new reciprocal tariff imposed by the Trump Administration, which have now been paused for 90 days on non-retaliating countries, the move may open up opportunities for the industries in the long term. Earlier, the group, which is battling a ₹11,000-crore tax show cause notice for alleged … [Read more...]

Source : PTI | Mobility firm Atul Auto’s subsidiary Atul Greentech has joined hands with battery maker Amara Raja for development and supply of electric vehicle batteries and chargers, a statement said on Tuesday. The collaboration aims to develop and supply LFP (Lithium Iron Phosphate) battery packs and chargers for electric vehicles (EVs), it said. The partnership also extends to development of … [Read more...]

Source : PTI | The Delhi government on Tuesday approved an extension of its Electric Vehicle (EV) Policy by three months and continuation of power subsidy in the national capital, officials said. Till the time the new EV Policy 2.0 is implemented, the existing policy will remain in force, they said. A Cabinet meeting chaired by Chief Minister Rekha Gupta also approved the continuation of the … [Read more...]

Summary Shortlist candidates all men, includes three external Previous CEO Tavares left behind unhappy shareholders Shares hit all-time low amid leadership and market challenges PARIS/MILAN, (Reuters) – French-Italian carmaker Stellantis has reduced its shortlist of CEO candidates to five, said two people familiar with the matter, as it nears a decision on who will lead the company through one … [Read more...]

OTTAWA, (Reuters) – Canada will allow some relief to domestically-based automakers and manufacturers in specific sectors from counter-tariffs provided they meet certain conditions, the Finance Ministry said on Tuesday. Canada has slapped a range of counter-tariffs on the U.S. in response to President Donald Trump’s tariffs on steel, aluminum, cars and auto parts. Some industry groups and companies … [Read more...]

Summary Brazil’s auto market has struggled with protectionism Local production, employment still well below 2013 peak Brazilians pay far more for cars than regional peers High taxes and costs hinder auto competitiveness SAO PAULO,  (Reuters) – When Brazil hiked trade barriers in its auto market over a decade ago, the government promised more local manufacturing, reliable jobs and better … [Read more...]

HONG KONG, (Reuters) – Chinese electric vehicle maker Xpeng said on Wednesday that it had done a “thorough analysis” of its supply chain to ensure it would not be impacted by the current turmoil caused by U.S. President Donald Trump’s tariffs and tensions with China. Xpeng’s President Brian Gu told reporters in Hong Kong that their current sales were not impacted, but that the company was closely … [Read more...]

TOKYO, (Reuters) – Honda Motor will shift production of its U.S.-bound five-door Civic hybrid model from Japan to Indiana, a company spokesperson said on Wednesday. Production of the model in the Yorii factory, near Tokyo, is likely to end in June or July, the spokesperson said. Reporting by Maki Shiraki Writing by Mariko Katsumura Editing by Chang-Ran Kim Source: worldautoforum.com … [Read more...]

SHANGHAI, (Reuters) – Tesla plans to ship components from China for Cybercab and Semi electric trucks in the United States were suspended after President Donald Trump raised tariffs on Chinese goods amid a trade war, said a person with direct knowledge. The move could disrupt Tesla’s plan to start mass production of the much-anticipated models, which its CEO Elon Musk has been touting to investors … [Read more...]

Summary Trump indicates new tariffs on smartphones, computers and some other electronics Trade war has sparked most volatile markets in five years Senator Warren criticizes Trump’s tariff policy as chaotic WASHINGTON, (Reuters) – U.S. President Donald Trump on Sunday said he would be announcing the tariff rate on imported semiconductors over the next week, adding that there would be flexibility … [Read more...]

Source : PTI | Italian super luxury automaker Automobili Lamborghini on Monday said it has appointed Nidhi Kaistha as Head of Lamborghini India. In her new role, Kaistha will oversee sales, marketing and after-sales operations in India, the sixth-largest market in the Asia Pacific region, the automaker said in a statement. With over 25 years of experience across hospitality, aviation, and … [Read more...]

Source : PTI | New Delhi: Electric vehicle maker Jitendra EV plans to invest up to ₹125 crore in the next five years on research & development (R&D), product development and enhancing manufacturing capacity, its Co-Founder Samkit Shah said. The company, which had showcased its Hydrix — a hybrid vehicle targetted for launch in 2028 — is also looking to double its sales in the ongoing fiscal … [Read more...]

Summary Beyond Design: the all-new Tiguan R-Line features sporty ‘R’ themed exteriors and interiors, epitomizing the signature Volkswagen-R design language with expressive character lines and improved aerodynamics. Beyond Comfort: the all-new Tiguan R-Line offers sporty comfort seats with massage function & lumbar support, Air-Care Climatronic (3-zone air-conditioning), Park Assist Plus, … [Read more...]

Summary After unsuccessfully courting Trump, Beijing takes hardline stance on trade China orders foreign affairs and commerce officials to cancel vacations Trump says China has panicked China tried to rally international support against tariffs BEIJING/WASHINGTON, (Reuters) – China has put civilian government officials in Beijing on “wartime footing” and ordered a diplomatic charm offensive … [Read more...]

Source : PTI | The Centre is planning to invest ₹10 lakh crore over the next two years to strengthen highways across the country, with special focus on the Northeast, where roads will rival those in the US, Road Transport and Highways Minister Nitin Gadkari said. In an interview to PTI, he said the Centre is working to transform the country’s infrastructure drastically in the next two years so … [Read more...]

Source : PTI | Smart EV charger startup Plugzmart has received ARAI certification for its electric vehicle charger for heavy vehicles, featuring its own indigenously developed controller and Power Line Communication (PLC) modules, a top official said. The IIT-Madras-incubated startup has become the first Indian company to receive EV charger certification for its controller and PLC modules, rather … [Read more...]