Source : PTI | Delhi’s electric vehicle (EV) policy 2.0 may generate up to 20,000 jobs and will also set up battery collection centres while establishing a city-wide network of charging and swappable battery stations. Speaking to PTI about the newly proposed policy, Delhi Environment Minister Manjinder Singh Sirsa on Saturday said the purpose of this policy is to encourage the adoption of electric … [Read more...]
HMSI recalls CB300R motorcycles to rectify headlight issue
Honda Motorcycle & Scooter India (HMSI) is recalling certain units of CB300R motorcycle to rectify an issue with headlight. Aligned with the global market action, the company has announced a voluntary recall for CB300R motorcycle, manufactured between 2018 to 2020, the two-wheeler major said in a statement. The company has identified a concern in the internal PCB structure of the motorcycle’s … [Read more...]
JSW MG Motor India expects 65% of total sales to be EVs by 2025 end
Source : PTI | JSW MG Motor India on Friday said it expects up to 65 per cent of its total sales to come from electric vehicles by the end of this year. The company, whose all-electric crossover utility vehicle Windsor has crossed 20,000 units cumulative sales milestone in six months, had 50 per cent of its sales from EVs in 2024. It had sold a total of 60,000 vehicles in 2024. At present, JSW MG … [Read more...]
Delhi govt likely to offer up to ₹36,000 subsidy to women under EV Policy 2.0
Source : PTI | The Delhi government is likely to provide a subsidy of up to ₹36,000 on purchase of an electric two-wheeler to women under its proposed Electric Vehicle (EV) Policy 2.0, officials on Friday said. The benefit can be availed by the first 10,000 women, who are holding a driving license, according to the policy draft accessed by PTI. The proposal is under the government’s consideration … [Read more...]
Maserati CEO says Stellantis remains committed to brand
MILAN, (Reuters) – Carmaker Stellantis remains committed to its ailing luxury brand Maserati even as U.S. tariffs complicate the situation for the automotive industry in general, the brand’s head said on Friday. A spokesman for Stellantis said earlier this week the group had hired consultant McKinsey to advise on the effects of the recently announced tariffs for Maserati and Alfa Romeo as the two … [Read more...]
Volvo Cars may take up to two years to expand US production to avoid tariffs, CEO tells daily DN
STOCKHOLM (Reuters) – Sweden’s Volvo Cars, which is controlled by Chinese auto maker Geely (GEELY.UL), will need up to two years to expand its U.S. car production in order to avoid hefty import tariffs, CEO Hakan Samuelsson told daily Dagens Nyheter (DN) on Friday. Volvo Cars is one of the most exposed automakers to U.S. President Donald Trump’s auto tariffs as it imports most of its hybrid and … [Read more...]
Harley-Davidson board member resigns, cites ‘grave concerns’ about company
(Reuters) – A Harley-Davidson director has resigned after expressing “grave concerns” about the current state of the company in a letter to the motorcycle maker’s board. Shares of the company tumbled about 11% in morning trading on Thursday. Jared Dourdeville – the board member who represents Harley’s second-largest shareholder, H Partners – said in the letter that the company had experienced … [Read more...]
Fishing boats tied up in Bay de Verde, Newfoundland, Canada
BRASILIA (Reuters) – Brazil will pursue trade negotiations with the U.S. while reaffirming its support for multilateralism and seeking to expand its network of trade agreements, Foreign Trade Secretary Tatiana Prazeres said on Thursday. “Our approach (with the U.S.) is to negotiate, negotiate, and negotiate – that’s what we’ve been doing,” Prazeres said at an event organized by the Brazil-China … [Read more...]
Canadian exporters inquire on trade insurance as Trump’s tariffs heighten risk
Summary Allianz Trade in Canada seeing almost 10% jump in inquiries Trade credit insurance taken up by very few Canadian exporters Uncertainty around tariffs holding up insurance sales Insurers expect higher demand in a few months OTTAWA, (Reuters) – A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and … [Read more...]
EU, China will look into setting minimum prices on electric vehicles, EU says
Summary EU, China explore setting minimum prices on Chinese EVs Negotiations set to start immediately German auto industry supports negotiations BERLIN, (Reuters) – The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday. German newspaper … [Read more...]
India Mourns the Loss of Shri Madhur Bajaj, former Vice Chairman, Bajaj Auto
Today, India mourns the loss of Madhur Bajaj, a distinguished industrialist and former Vice Chairman of Bajaj Auto, who passed away in Mumbai at the age of 73. Born on August 19, 1952, he was the grandson of Jamnalal Bajaj, the founder of the Bajaj Group, and cousin to the late Rahul Bajaj. Madhur Bajaj’s career was marked by significant contributions to the Bajaj Group and the broader Indian … [Read more...]
EV maker Polestar’s quarterly sales jump on offers, discounts
(Reuters) – Electric vehicle maker Polestar’s first-quarter sales jumped 76% on Thursday as discounts and offers helped offset stiff competition and an uncertain economic outlook. It sold around 12,304 vehicles in the quarter, compared with 6,975 vehicles a year ago, when the Swedish company was navigating a rough patch caused by poor demand. U.S.-listed shares of the company were down around 4% … [Read more...]
In Saudi debut, Tesla faces desert heat, few chargers, but no Musk protests
Summary Tesla launches car sales in Saudi Arabia on Thursday Comes ahead of Donald Trump’s expected visit to Riyadh CEO Musk’s relations with Riyadh have improved since 2018 feud RIYADH/DUBAI, (Reuters) – Tesla starts selling cars in Saudi Arabia on Thursday, a country where on a 900-kilometre (559 mile) stretch of its main east-west highway linking the capital Riyadh and the holy city of Mecca … [Read more...]
Companies eye US expansion to lessen fallout from tariffs
(Reuters) – Some companies have said they are looking at expanding their presence or setting up shop in the United States to mitigate the costs of President Donald Trump’s sweeping tariffs. Below are some of the plans companies have flagged, in alphabetical order. CAMPARI The Italian spirits group is assessing the opportunities to expand its production in the U.S. without losing the essence of its … [Read more...]
Nuro secures $6 billion valuation in latest funding round
(Reuters) – Autonomous driving technology startup Nuro said on Wednesday it fetched a valuation of $6 billion after raising $106 million in its latest funding round, as investors bet on what is often touted as the future of mobility. The funding — backed by T Rowe Price Associates, Fidelity Management and Research, Tiger Global, Greylock Partners and XN — comes more than three years after Nuro’s … [Read more...]
Around 4,000 US transportation employees seek to take buyout, says official
WASHINGTON, (Reuters) – Around 4,000 employees of the U.S. Transportation Department have applied to take a new buyout offer that offers pay and benefits through Sept. 30, a department official told Reuters. The figure is not final because it may include employees who are not eligible or some who sent more than one email seeking the buyout, the official said. The offer, made last week, exempts … [Read more...]
China and EU discuss trade in response to U.S.’ punitive tariffs
BEIJING, (Reuters) – China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said on Thursday. In a video call on Tuesday, China’s Commerce Minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to … [Read more...]
Draft EV Policy 2.0 recommends phasing out of CNG-driven autorickshaws in Delhi
Source : PTI | The draft of electric vehicle (EV) policy 2.0, which is likely to be announced soon by the Delhi government, recommends the phasing out of CNG-driven autorickshaws, officials said on Monday. As per the draft EV Policy 2.0, no CNG autorickshaw registration will be allowed from August 15 this year. The CNG auto permits will not be renewed from August 15 this year and all such permits … [Read more...]
Revolt Motors aims to expand EV dealerships to 400 by FY26
Source : PTI | Rattan India Enterprises’ EV arm Revolt Motors on Tuesday said it plans to double its sales network to 400 dealerships in the country by end of this fiscal. The company said it has expanded its dealership to 200 locations multiplying the network by ten times over the last two years. ‘By the end of FY26, the company aims to reach 400 dealerships, further strengthening its national … [Read more...]
Ultraviolette Automotive planning to establish retail presence in European countries
Source : PTI | Ultraviolette Automotive, manufacturer of premium electric scooters and motorcycles, plans to establish retail presence in European countries, a company official said on Tuesday. The firm also set foot in Kolkata with two products in the electric motorcycle and electric scooter segment, he said. CEO and co-founder of Ultraviolette, Narayan Subramaniam, said, “The company plans to go … [Read more...]