The decision by the United States to impose 25% tariffs on all automobile imports, including parts, is expected to create a significant shift in the global auto industry, particularly in Asia. Automakers in Japan, South Korea, and other manufacturing hubs are evaluating their strategies to mitigate the impact. According to Yoko Kubota, Deputy Bureau Chief … Read more
Electric two-wheeler startup Ola Electric has received a third letter from the Ministry of Road Transport and Highways over a mismatch in sales and registrations for February. Government sources told CNBC-TV18 that Ola Electric’s replies have not been satisfactory, leading officials to issue a third letter. The Ministry sent the first letter to Ola on … Read more
(Photo Credit : CNBC-TV18) 1 / 10 Sales Weakness Persists: Retail vehicle sales are struggling this March compared to last year, according to CNBC-TV18’s latest poll. Passenger vehicles, including cars and SUVs, are expected to drop by 16%. Two-wheelers, such as motorcycles and scooters, may see a 13% decline. Medium and heavy commercial vehicles, which … Read more
India’s automotive industry is at a crossroads as new US tariff policies threaten to disrupt global supply chains. However, industry leaders believe this could be a chance for India to rethink its policies and strengthen domestic manufacturing. The US is set to impose 25% tariffs on auto imports, including components, from several countries, including China, … Read more
Union Home Minister Amit Shah, on Thursday, announced in Parliament that the government is set to introduce ‘Sahkar Taxi’, a cooperative-based ride-hailing service aimed at benefiting drivers directly. This service will allow cooperative societies to register two-wheelers, taxis, rickshaws, and four-wheelers. Shah also mentioned that ‘Sahkar Taxi’ aims to generate more jobs while boosting driver … Read more
TVS Motor Company, through its wholly owned subsidiary TVS Motor (Singapore), has acquired an additional 30% stake in EBCO, UK, making the British company a wholly owned subsidiary. The acquisition was completed on March 26, 2025, for a consideration of GBP 60,000 from an existing shareholder. With this latest transaction, TVS Motor (Singapore) now holds … Read more
1 / 7 Land Rover has rolled out the Defender Octa, a high-performance SUV, in India with a starting price of ₹2.59 crore (ex-showroom). A special Edition One variant, priced at ₹2.79 crore (ex-showroom), is available only during the first year of production. This new model competes in the premium SUV market, taking on the … Read more
Tesla’s electric car sales in Europe dropped sharply by 49% in January and February compared to last year, falling to 19,046 registrations, the ACEA manufacturers’ association reported on Tuesday. In February alone, registrations decreased by 47% to 11,743, leaving Tesla with just a 1.1% share of the European Union market. Data from JATO Dynamics, released … Read more
TVS Motor Company (TVSM), on Tuesday, announced that its TVS HLX series has reached 4 million global sales. First launched in Africa in 2013, the HLX is now available in 57 countries across Latin America, Africa, and the Middle East. The HLX series achieved its first million sales by mid-2019. The last million units were … Read more
Ultraviolette Automotive, the Bengaluru-based electric vehicle startup, is gearing up for an initial public offering (IPO) within the next two to three years. Co-Founder and CEO Narayan Subramanyam said the company aims to raise between $400-500 million through the public listing to support its ambitious expansion plans. The company is set to diversify its product … Read more