Uber has recently introduced a subscription-based model for auto rickshaw drivers in India, replacing its previous commission-based structure. The company announced this transition in a blog post, stating that under the new system, drivers will pay a fixed subscription fee instead of a per-trip commission. According to the ride-hailing company, this move follows a broader … Read more
Electric mobility startup River EV is gearing up for significant expansion in India, setting an ambitious target of opening 100 stores by March 2026, a sharp increase from the 25 stores it plans to have by March 2025. Speaking to CNBC-TV18, Aravind Mani, Co-Founder and CEO of River EV, emphasised that the brand aims to … Read more
BYD, the world’s largest manufacturer of electric vehicles (EVs), is making advanced driving assistance systems widely accessible by incorporating its “God’s Eye” autonomous driving system into nearly all its models, including entry-level cars priced below $10,000. BYD, earlier in a live-streamed event, announced that 21 of its models, including the budget-friendly Seagull hatchback, which starts … Read more
German auto giant Volkswagen approached the Bombay High Court seeking to quash a $1.4 billion show cause notice issued by the Office of the Commissioner of Customs in Maharashtra, which alleges willful tax evasion. The company has warned that if a penalty is levied, its total tax burden could soar to $2.8 billion, a move … Read more
Kunal Malani, CFO of Samvardhana Motherson International said the impact of tariffs will be minimal due to pass-through elements in customer-nominated parts and commodities. About 18% of Motherson’s revenue comes from the US and 4% from Mexico. Malani talked about the company’s global local strategy, which means they manufacture products in the same regions where … Read more
The US and India have agreed to work toward an early trade deal to address longstanding disparities in their trade relationship. As part of this, US President Donald Trump has called for India to lower its high tariffs on American cars, which he said currently go up to 70%, making it difficult for US automakers … Read more
President Donald Trump said he would unveil new tariffs on automobiles, adding to a wave of sweeping import levies as he seeks to remake global trade relationships and pressure companies to move production to the US. “We are going to do that on around April 2,” Trump told reporters Friday in the Oval Office, as … Read more
The British automaker has unveiled a remarkable version of the Land Rover Defender—the Defender Octa. The name “Octa” signifies a diamond, making this SUV a true gem. Equipped with a powerful 4.4-litre twin-turbo V8 engine producing 635 PS and 750 Nm of torque, the Defender Octa brings several refinements, including a revised steering ratio and … Read more
Mahindra & Mahindra on Friday announced that it received 30,179 bookings for its newly launched electric SUVs — XEV 9e and BE 6 — on the first day of availability. The company said the bookings translate to a value of ₹8,472 crore at ex-showroom prices. The automaker opened bookings for both models on Friday, with … Read more
With several new launches and surprising updates, the week has witnessed exciting developments in the automotive industry. Highlights of the week were the Volvo EX30 Cross Country, BYD Sealion 7, Honda NX200 and Simple ONE Gen 1.5 Electric Scooter, among others. Volvo EX30 Cross Country Volvo introduced the latest version of its compact electric SUV, … Read more