Automotive Industry News
Automotive Industry
Sona Comstar Investment Set to Rise Beyond Rs 600 Crore
Sona Comstar expects annual investments to exceed Rs 500-600 crore as it expands its product portfolio, manufacturing capabilities and global operations.
Ferrari Expands in India, Targets Younger Luxury Car Buyers
Ferrari plans dealerships in Ahmedabad and Chennai as it targets younger Indian buyers while maintaining limited production and its exclusive ownership experience.
Gadkari Calls E20 Protests Paid Propaganda After E100 Rules
Nitin Gadkari called E20 fuel protests paid propaganda as India notified rules for E100-compatible flex-fuel vehicles and discussed traffic enforcement reforms.
Audi’s $4bn US Factory: Volkswagen Faces German Job Cuts
Audi plans a $4bn Georgia factory creating 4,500 jobs as Volkswagen faces US tariffs, Chinese competition and restructuring across its German operations.
Volvo Cars Shares Plunge 30% as 2,500 Jobs Face Cuts
Volvo Cars shares plunged nearly 30% after a 3.7 billion crown quarterly loss, with 2,500 more job cuts and an additional 5 billion crowns in planned savings.
Chinese Car Brands Gain Ground at Europe’s Biggest Auto Show
Chinese car brands expand across Europe as the Paris Motor Show highlights electric vehicle innovation, rising market share, trade tensions and local production plans.
China-EU Deal Puts $7.5 Billion Hybrid Exports at Risk
China's hybrid vehicle exports to the EU hit $7.5 billion in H1 2026 as a new deal raises quota risks and pushes automakers to consider European factories.
Volkswagen Q3 Deliveries Fall 14.3% on China Weakness
Volkswagen delivered 1.89 million vehicles in Q3 as China deliveries plunged 38.5%, while North America and Western Europe also reported declines.
Volkswagen CEO Urges EU Support for Major Restructuring
Volkswagen CEO Oliver Blume urges EU policymakers to support local manufacturing as the automaker restructures amid rising competition from Chinese electric vehicles.
Ultraviolette Raises $85 Million, Adds Intel CEO as Adviser
Ultraviolette raises $85 million with Intel CEO Lip-Bu Tan as adviser, plans US entry in 2027, new models, expanded production and EV platforms.
Volvo Cars Appoints Klaus Zellmer as CEO Successor to Hakan Samuelsson
Volvo Cars Names Klaus Zellmer as CEO Successor to Hakan Samuelsson as the Automaker Faces EV Demand Shifts, US Tariffs, China Sales Pressure and Profitability Challenges
SIAM Withdraws E20 Petrol Fuel Contamination Letter
The Society of Indian Automobile Manufacturers (SIAM) has found itself at the centre of a Controversy after withdrawing a...