India's mobility sector is poised for exponential growth, expected to exceed $600 billion by 2030. Driven by electric vehicles, emerging models, and digital transformations, the in...
TVS Motor Company and Hyundai Motor Company have partnered to enter India's micro mobility segment, unveiling electric three-wheeler and micro four-wheeler concepts at the Bharat M...
Maruti Suzuki reaffirms its commitment to small, affordable cars in India, despite the SUV trend. Toshihiro Suzuki discusses future leadership possibilities, the competitive auto m...
Daimler Truck AG reports a 12% sales decline in 2024, with 460,409 units sold. Despite this, electric vehicle sales rose by 17%. Regional sales varied, with notable decreases in As...
In 2024, Volkswagen Group experienced a 2.3% decline in global sales, with significant drops in the Chinese and Asia-Pacific markets. Despite this, the company delivered 744,800 el...
OPG Mobility, formerly Okaya EV, plans to raise Rs 400 crore to fuel its growth through product portfolio expansion and network enhancement. With new electric scooters, motorcycles...
India's two-wheeler industry grew 15-17% in 2024, with EVs surging 33%. Projected 2-4% growth in 2025 faces challenges from new regulations but benefits from a strong macroeconomic...
Mercedes-Benz has launched its electric G-Class SUV in India at Rs 3 crore, selling out all 85 units instantly. The company reports strong growth in the luxury segment and plans to...
Volvo Group reports an 8% increase in full-year sales for 2024, with electric vehicles leading the growth. The company sold over 175,000 fully electric cars, a 54% surge from the p...
In 2024, UK new car registrations increased by 2.6%, reaching 1.95 million units. However, electric vehicle sales did not meet the government's 22% target, achieving only 19.6% mar...
India's export sector is projected to surpass $800 billion, marking a significant milestone despite global challenges. Commerce Minister Piyush Goyal highlights the resilience of I...
Ford Motor Company reports a 17% increase in Q4 2024 sales, with electric vehicle sales up by 38%. The F-Series truck leads with a 25% sales increase, maintaining its position as A...
Hyundai Motor Company reports a 1.8% decline in global sales for 2024, with 4.14 million vehicles sold. Domestic sales in South Korea dropped by 7.5%, while overseas sales saw a sl...
Tesla's shares dropped over 7% after the company announced it missed its Q4 2024 delivery targets, with 495,570 vehicles delivered against the expected 500,000. Annual deliveries a...
TVS Motor Company reports a 7% increase in sales for December FY25, with significant growth in the electric vehicle segment by 79%. The two-wheeler segment also shows robust growth...
China has solidified its position as the global leader in the new-energy vehicle (NEV) market, accounting for 70% of worldwide sales from January to November 2024. This achievement...
BYD Auto Co., Ltd. announced a 41.26% increase in new energy vehicle sales for 2024, reaching 4.27 million units. December sales hit 514,809 units, marking the third straight month...
NIO Inc. announced a 38.7% increase in 2024 deliveries, reaching 221,970 units, with December marking a monthly high of 31,138 units. The fourth quarter saw a 45.2% rise in deliver...
JSW MG Motor India reports a 55% sales increase in December 2024, with a record number of EV and NEV sales. The company reflects on a transformative year and looks forward to conti...
Tata Group announces a plan to create over 500,000 manufacturing jobs in India by 2028, focusing on new-age products like batteries, semiconductors, and electric vehicles. This ini...
Ola Electric Mobility Ltd. embarks on a significant expansion by opening 3,200 new stores in a single day, aiming to address customer service issues and expand its footprint across...
Auto and two-wheeler companies in India increasingly rely on partnerships and joint ventures to achieve synergies, cost savings, and access to advanced technology, as exemplified b...
New GST regulations impose an 18% tax on the margin of car sales, affecting registered businesses. The change also increases the GST rate for electric vehicles to 18%, aligning the...
Kia India MD Gwanggu Lee discusses the impact of rising car prices on demand, suggesting tax reductions and introducing new models like the Syros to stimulate sales amidst affordab...
Indonesia is offering a 3% tax incentive to hybrid car manufacturers, with a budget of IDR840 billion. The government also provides various other incentives for battery-operated an...
Honda Motor and Nissan Motor Corporation are set to begin their merger talks on December 23, aiming to boost progress in electric vehicles and software development, potentially cre...
Magenta Mobility plans to add 10,000 electric vehicles and expand to new cities, including Nashik, Nagpur, Vijayawada, Indore, and Kolkata. The company is also aggressively expandi...
The Indian auto components industry grew by 11.3% in H1 FY25, reaching $39.6 billion. This growth is driven by increased demand for larger vehicles and electric vehicles, and stron...
The U.S. Commerce Department agrees on a preliminary deal with Bosch for $225 million in subsidies to produce silicon carbide power semiconductors in California, crucial for electr...
