As electric vehicles (EVs) gain traction across India, the demand for EV insurance has witnessed a surge. According to data from Policybazaar, the share of insurance policies sold for EVs has grown exponentially over the past three years, rising 16-fold. From just 0.50% in FY23, EV insurance has surged to 8.2% by FY25, with projections … Read more
May 2025 promises to be an exciting month for automotive enthusiasts in India, with a strong focus on SUVs and electric vehicles (EVs). The 2025 Jeep Compass, including its all-electric variant, has been officially launched for the European market. Meanwhile, Triumph is set to expand its entry-level motorbike range in India with a more off-road-capable … Read more
The United States and the UK announced that a trade agreement has been signed by the two countries. The announcement was made by US President Donald Trump on Thursday evening Indian time. However, nothing concrete was announced between the two countries and that the final details of the deal are yet to be fleshed out. … Read more
Toyota Motor Corp. said US President Donald Trump’s tariffs will result in a ¥180 billion ($1.3 billion) hit to operating income in just two months, with the Japanese carmaker joining a growing list of companies scrambling to shield themselves from trade turmoil. The company said Thursday that the impact for April and May has been … Read more
Kia India has introduced the Carens Clavis, an updated and more premium version of the existing Carens MPV, designed to appeal to buyers seeking advanced technology and safety. Bookings for the new model open on May 9, 2025, at 12:01 AM, with a booking amount of ₹25,000 through Kia’s official website or authorised dealerships. Gwuanguu … Read more
Nishant Arya, Vice Chairman and Managing Director of JBM Auto, said the company is aiming to achieve between ₹6,000 crore and ₹6,500 crore in revenue 2025-26 (FY26), backed by strong demand in the electric mobility segment, a robust order book, and strategic partnerships such as its recent alliance with Hitachi. For the January-March quarter of … Read more
BMW AG’s earnings plunged 23% in the first quarter as intense competition in China pushed sales in its biggest single market to a five-year low. Earnings before interest and tax came in at €3.14 billion ($3.6 billion), the German manufacturer said Wednesday, the weakest first-quarter result since 2022. BMW’s carmaking margin declined to 6.9%. German … Read more
Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Just 885 Tesla electric vehicles (EVs) were registered in April, 45.9 percent fewer than the same month last year, the KBA federal transport authority said. … Read more
Ford Motor Co. suspended its full-year financial guidance and said President Donald Trump’s auto tariffs will take a toll on profit, joining rivals stung by volatile global trade policies. The automaker expects the duties to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year, it said … Read more
Rajesh Jejurikar, Executive Director and CEO of the Auto & Farm Sector at Mahindra & Mahindra, outlined the company’s volume expectations across key segments, projecting mid-to-high teen growth for SUVs—including electric models—and high single-digit growth for both the tractor segment and light commercial vehicles (LCV) under 3.5 tonnes. In the January–March 2025 quarter (Q4FY25), Mahindra … Read more