The Indian government has accused South Korean carmaker Kia of misclassifying imported components to evade $155 million in taxes. Kia has denied the allegations. This dispute is part of broader tensions between foreign automakers and Indian authorities over tariff regulations. In April 2024, Indian tax authorities issued a notice to Kia’s Indian unit, stating the … Read more
Homegrown automaker Mahindra, on Wednesday, announced that bookings for its Electric Origin range of SUVs—the XEV 9e and BE 6—will open on 14 February. Customers will be able to reserve all battery pack options for these models, with deliveries scheduled to begin in mid-March and continue until August 2024. The BE 6 model will be … Read more
Ford Motor Co. warned that profit may fall by $2 billion or more this year on an expected drop in vehicle prices and costly new-model launches, adding to risks posed by potential steep new tariffs under President Donald Trump and dimming electric vehicle prospects. Company Value Change %Change The second-largest US automaker on Wednesday said … Read more
Automobile retail sales in India rose 7% year-on-year in January at 22,91,621 units, driven by robust demand across segments, dealer’s body FADA said on Thursday. Overall retail sales stood at 21,49,117 units in January 2024. “Our observations indicate that each vehicle category –2W, 3W, PV, tractor and CV– witnessed positive momentum, pointing toward sustained consumer … Read more