Automaker Stellantis is temporarily halting production at a plant in Canada and a plant in Mexico shortly after President Donald Trump announced a 25% tariff on imported vehicles. The move will result in the temporary layoff of 900 US employees. Stellantis, which owns car brands like Jeep, Citroën and Ram, said Thursday (April 3) it … Read more
The Indian auto industry is booming like never before, and there have been some interesting new introductions. The Ducati Desmo450 MX followed the release of the TF 450-E, the first Triumph motocross bike. The Volkswagen Tiguan R-Line is expected to go on sale on April 14, while the Hyundai Ioniq 6 gets a mid-life makeover. … Read more
TVS Motor Company (TVSM) has announced plans to integrate Singapore-based ION Mobility’s operations into its business, bolstering its electric vehicle presence in South-East Asia. The move will see TVSM absorb ION Mobility’s assets, intellectual property, and core talent. The strategic integration builds upon TVSM’s existing relationship with ION Mobility, where it had previously served as … Read more
With exports to the US accounting for only 1-2% of total exports, Pune-based two-wheeler manufacturer Bajaj Auto is not overly concerned about the impact of ongoing global tariff tensions. However, the company remains cautious about potential indirect effects, particularly in Mexico, one of its top three export markets. Executive Director Rakesh Sharma says currency fluctuations … Read more
Homegrown electric vehicle manufacturer Ola Electric, on Thursday, unveiled its new #HyperDelivery service. This service enables customers to register and receive their vehicles on the same day they make a purchase. According to the company, with #HyperDelivery, buyers can finalise their orders either through the company’s website or by visiting an Ola Electric Store and … Read more
Tesla sales declined in the first three months of the year, another sign that Elon Musk’s once high-flying electric car company is struggling to attract buyers. The drop of 13% is likely due to a combination of factors, including its ageing lineup, competition from rivals and a backlash from Musk’s embrace of right-wing politics. It … Read more
India plans to lower import tariffs on electric cars, rejecting requests from local automakers to delay such cuts by four years, as New Delhi prioritises closing a trade deal with the United States, government and industry sources told Reuters. The automakers are lobbying Prime Minister Narendra Modi’s government to delay any cut in EV tariffs … Read more
Maruti Suzuki India on Tuesday said it registered record total exports of 3,32,585 units last fiscal, a growth of 17.5% over FY24. The auto major had exported 2,83,067 units in the 2023-24 fiscal. The company accounted for nearly 43% of the country’s total vehicle exports last fiscal, Maruti Suzuki India (MSI) said in a statement. Fronx, Jimny, … Read more
The Maharashtra cabinet on Tuesday decided to provide a 15% tax concession to owners who voluntarily scrap their vehicles when purchasing a new one of the same type. A statement from the Chief Minister’s Office (CMO) said a tax concession of 10% will be given to transport vehicles voluntarily scrapped within eight years of registration … Read more
Eicher Motors Ltd., known for its motorcycle brand Royal Enfield, announced its highest-ever annual sales on Tuesday, April 1, crossing the milestone of 1 million vehicles sold in financial year 2025. The company reported total sales of 10,09,900 units in the financial year gone by, a growth of 11% compared to the previous financial year … Read more