Tesla Inc. registrations plummeted 63% last month in France, the European Union’s second-biggest market for battery-electric vehicles. The EV maker registered only 1,141 cars in January, down from 3,118 a year ago, according to French industry association La Plateforme Automobile. Tesla underperformed the overall industry and total EV sales, which were down 6.2% and 0.5%, … Read more
Royal Enfield, on Thursday, launched a Limited Edition Shotgun 650, developed in partnership with ICON Motosports, a company known for its innovative motorcycle designs and protective gear. Adrian Sellers, Head of Custom & Motorsport at Royal Enfield, in a company statement, said, “Our collaboration with ICON Motosports for the Limited Edition Shotgun 650 exemplifies the … Read more
Finance Secretary Tuhin Kanta Pandey and DIPAM Secretary Arunish Chawla, in an exclusive discussion at CNBC-TV18’s ‘Budget 2025: The Verdict’ in New Delhi on Monday, addressed concerns regarding rising toll costs. During the discussion, it was noted that highway toll charges have increased from 5-7% to 15-20% of journey costs over the past six years. … Read more
Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), on Monday, announced to have secured an order from the Uttar Pradesh State Road Transport Corporation (UPSRTC) for 1,621 buses and 42 heavy-duty trucks. The order includes 1,344 units of LMD Built-up Non-A/C Buses (Skyline Pro 3011 L and Skyline Pro 3010 L) for … Read more
India’s auto ancillary stocks like Sona BLW Ltd. and Samvardhana Motherson Ltd. gained as much as 7% and 8% respectively on Tuesday, February 4, recovering all the losses and more that they made during Monday’s trading session. The had stocks ended with losses of over 8% on Monday in light of US President Donald Trump … Read more
Nissan Motor Co. is prepared to reject an acquisition offer that would make it a subsidiary of Honda Motor Co., according to a person familiar with the matter, a move that could jeopardize talks between the two carmakers to join forces. The Yokohama-based company plans to convene a board meeting as soon as Wednesday afternoon, … Read more
Japan’s Toyota Motor raised its full-year operating profit forecast by 9% on Wednesday, in a sign of confidence in its ability to ride out the impact of any potential US tariffs. The world’s top-selling automaker raised its profit forecast for the current year through March 2025 to 4.7 trillion yen ($30.7 billion) versus 4.3 trillion … Read more
Nissan, Japan’s third-largest automaker, is reportedly preparing to end merger discussions with Honda, the country’s second-largest car manufacturer, according to the Nikkei newspaper. The proposed merger, which aimed to create the world’s third-largest automaker by sales, has encountered significant obstacles, raising concerns about Nissan’s independent turnaround strategy. Following the report, Nissan’s stock dropped over 4%, … Read more
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