Smart has confirmed it will return to the city car segment with a successor to its signature model, the Fortwo, that is due to arrive late next year. Smart CEO Dirk Adelmann last year confirmed that the project was in the works, pending a feasibility study. Following the “successful” launch of the #5 (the large… Continue reading Smart #2: Fortwo successor confirmed for 2026
Category: US Motoring Press
BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Despite a July slowdown, BYD retains its lead in China’s competitive EV market. Anna Barclay | Getty Images News | Getty Images Hong Kong-listed shares of BYD slid nearly 8% Monday after the Chinese electric vehicle maker reported a sharp drop in quarterly profit amid an aggressive price war across its domestic industry. The Tesla rival… Continue reading BYD shares fall nearly 8% as second-quarter profit slumps 30% on China EV price war
Skoda VW India’s FY25: Scale Grows, Profit Stays Flat at ₹94 Cr on ₹19,053 Cr Revenue
Skoda Auto Volkswagen India Pvt Ltd (SAVWIPL) – the Indian arm of Europe’s largest carmaker – posted flat revenues and profits in FY2024-25, with topline at ₹19,053 crore (FY24: ₹18,960 crore) and net profit at ₹94 crore (FY24: ₹96 crore). The year was marked by what the company described as “consolidation and stability,” as modest… Continue reading Skoda VW India’s FY25: Scale Grows, Profit Stays Flat at ₹94 Cr on ₹19,053 Cr Revenue
IT issue leaves JLR unable to register cars on crucial ‘new plate’ day
JLR is grappling with a global IT issue that has left it unable to register new cars. Autocar was first made aware of a ‘cyber incident’ at the firm earlier today, understood to be related to the system it uses to register new cars, but the precise impact has yet to be confirmed. Autocar spoke to… Continue reading IT issue leaves JLR unable to register cars on crucial ‘new plate’ day
Drivers of Change: New Talent 2025 – last chance for nominations
It’s time to submit your nominations for the Autocar Drivers of Change: New Talent awards – ahead of entries closing on 10 September. Held in association with the SMMT, the second running of the Drivers of Change awards will celebrate individuals who are either apprentices or in the first two years of their career, and the company that’s doing… Continue reading Drivers of Change: New Talent 2025 – last chance for nominations
Radical Audi TT concept leaked ahead of reveal tomorrow
Audi will reveal a radical new sports car concept inspired by the TT tomorrow – but a leaked image has given an early look at what to expect. Posted to Audi‘s Canadian social media feeds and quickly taken down, the image shows a side profile of a sleek, low-slung sports coupé that is unmistakably influenced… Continue reading Radical Audi TT concept leaked ahead of reveal tomorrow
Hero MotoCorp Reports 8% Growth in August Sales Despite Monsoon Impact
Hero MotoCorp’s August 2025 performance presents a complex narrative that extends beyond the headline 8% growth figure. While the company dispatched 553,727 units compared to 512,360 in August 2024, a deeper examination of the data reveals strategic inflection points that merit closer scrutiny. Year-to-Date Pressures Mount The most significant concern emerges from cumulative performance metrics.… Continue reading Hero MotoCorp Reports 8% Growth in August Sales Despite Monsoon Impact
India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
India is planning to slash consumption tax by at least 10 percentage points on nearly 175 products, including shampoos, hybrid cars and consumer electronics, Reuters reported on Monday, citing two sources familiar with the matter. According to the report, this would mark the biggest reform of the goods and services tax (GST) system in nearly… Continue reading India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
India is planning to slash consumption tax by at least 10 percentage points on nearly 175 products, including shampoos, hybrid cars and consumer electronics, Reuters reported on Monday, citing two sources familiar with the matter. According to the report, this would mark the biggest reform of the goods and services tax (GST) system in nearly… Continue reading India Plans GST Cuts on Cars, Consumer Goods in Biggest Tax Overhaul in a Decade: Reuters
Mukand Sumi Special Steel Announces ₹2,345 Crore Greenfield Plant in Karnataka
Mukand Sumi Special Steel Limited (MSSSL), a joint venture between India’s Bajaj Group and Japan’s Sumitomo Corporation, has announced plans for a new integrated steelmaking facility in Kanakapura, Koppal, Karnataka, with an investment of ₹2,345 crores. The greenfield project will expand MSSSL’s annual production capacity to 700,000 tonnes, positioning the company among India’s leading special… Continue reading Mukand Sumi Special Steel Announces ₹2,345 Crore Greenfield Plant in Karnataka