admin

Skoda Auto Volkswagen India has moved the Mumbai High Court against a $1.4 billion tax demand issued by Indian authorities. The company confirmed to CNBC-TV18 that it is availing itself of all legal remedies in response to the Show Cause Notice, as permitted under the law.  The story was first reported by Reuters. In a … Read more

As we move into the second week of February, the Indian automotive industry remains abuzz with exciting new car launches. Kia India has introduced the much-anticipated Syros SUV, while MG Motor has unveiled its futuristic Cyberster electric sports car. Meanwhile, Audi India has made headlines announcing the updated RS Q8 Performance. Let’s take a closer … Read more

Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles. The EV maker registered only 1,141 cars in January, down from 3,118 a year ago, according to French industry association La Plateforme Automobile. Tesla underperformed the overall industry and total EV sales, which were down 6.2% and 0.5%, … Read more

Royal Enfield, on Thursday, launched a Limited Edition Shotgun 650, developed in partnership with ICON Motosports, a company known for its innovative motorcycle designs and protective gear. Adrian Sellers, Head of Custom & Motorsport at Royal Enfield, in a company statement, said, “Our collaboration with ICON Motosports for the Limited Edition Shotgun 650 exemplifies the … Read more

Finance Secretary Tuhin Kanta Pandey and DIPAM Secretary Arunish Chawla, in an exclusive discussion at CNBC-TV18’s ‘Budget 2025: The Verdict’ in New Delhi on Monday, addressed concerns regarding rising toll costs. During the discussion, it was noted that highway toll charges have increased from 5-7% to 15-20% of journey costs over the past six years. … Read more

Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), on Monday, announced to have secured an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) for 1,621 buses and 42 heavy-duty trucks. The order includes 1,344 units of LMD Built-up Non-A/C Buses (Skyline Pro 3011 L and Skyline Pro 3010 L) for … Read more

India’s auto ancillary stocks like Sona BLW Ltd. and Samvardhana Motherson Ltd. gained as much as 7% and 8% respectively on Tuesday, February 4, recovering all the losses and more that they made during Monday’s trading session. The had stocks ended with losses of over 8% on Monday in light of US President Donald Trump … Read more

Nissan Motor Co. is prepared to reject an acquisition offer that would make it a subsidiary of Honda Motor Co., according to a person familiar with the matter, a move that could jeopardize talks between the two carmakers to join forces. The Yokohama-based company plans to convene a board meeting as soon as Wednesday afternoon, … Read more

Japan’s Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out the impact of any potential US tariffs. The world’s top-selling automaker raised its profit forecast for the current year through March 2025 to 4.7 trillion yen ($30.7 billion) versus 4.3 trillion … Read more

Nissan, Japan’s third-largest automaker, is reportedly preparing to end merger discussions with Honda, the country’s second-largest car manufacturer, according to the Nikkei newspaper. The proposed merger, which aimed to create the world’s third-largest automaker by sales, has encountered significant obstacles, raising concerns about Nissan’s independent turnaround strategy. Following the report, Nissan’s stock dropped over 4%, … Read more