Tesla car is seen in Krakow, Poland on June 11, 2025. Nurphoto | Nurphoto | Getty Images U.S. electric vehicle maker Tesla lost market share in Europe for the sixth straight month in June, according to the European Automobile Manufacturers Association, or ACEA, amid a broader regional dip in new car sales. Data published Thursday… Continue reading Tesla loses market share in Europe for sixth straight month as competition grows
Category: US Motoring Press
India-UK FTA to cut import duty on ICE cars to 10% in 5 years
The India-UK Free Trade Agreement (FTA) will progressively slash the basic customs duty on internal combustion engine (ICE) passenger vehicles to as low as 10% over the next five years, according to a document from the Ministry of Commerce. The FTA has introduced phased reductions in India’s currently steep customs duties, ranging from 66% to… Continue reading India-UK FTA to cut import duty on ICE cars to 10% in 5 years
Tesla announces cheaper Model Y to combat sales and revenue dive
Tesla will launch a cheaper variant of the Model Y in a bid to increase sales after posting one of its worst ever quarterly sales declines. In January, Tesla boss Elon Musk to launch a range of “more affordable models” by this summer in a bid to broaden its appeal. Rather than an entirely new model, this… Continue reading Tesla announces cheaper Model Y to combat sales and revenue dive
Full Analysis of India-UK Free Trade Agreement
The India-United Kingdom Free Trade Agreement (FTA), signed on July 24, 2025, represents an important moment in bilateral economic relations between the world’s fifth and sixth-largest economies. The agreement, formally known as the Comprehensive Economic and Trade Agreement (CETA), aims to double bilateral trade from the current $60 billion to over $100 billion by 2030,… Continue reading Full Analysis of India-UK Free Trade Agreement
India-UK FTA: No Duty Cut For Lower Priced Electric, Hybrid Cars
The India-UK Free Trade Agreement (FTA) has explicitly excluded battery, hybrid and hydrogen-powered passenger cars priced under £40,000 (approximately Rs 44 lakh) from any import duty cuts, a move aimed at shielding the domestic manufacturers. The basic customs duty on these cars will remain 70%. There will be no import duty concessions for any of these… Continue reading India-UK FTA: No Duty Cut For Lower Priced Electric, Hybrid Cars
ICEMA Q1 FY26 Sales Report: Domestic CE Sales Down Nearly 5% YoY; Exports Rise Over 34%
The Indian Construction Equipment (CE) industry recorded total sales of 28,687 units in the first quarter of FY26 (April–June 2025), marking a marginal 1% year-on-year (YoY) decline and a sharper 30% quarter-on-quarter (QoQ) drop compared to Q4 FY25, according to the latest report from the Indian Construction Equipment Manufacturers Association (ICEMA). Domestic sales fell by… Continue reading ICEMA Q1 FY26 Sales Report: Domestic CE Sales Down Nearly 5% YoY; Exports Rise Over 34%
Aether Industries Posts Rs 259 Cr Revenue in Q1 FY26, Up 35% YoY
Aether Industries Limited a Surat-based specialty chemicals manufacturer, has reported a consolidated revenue of Rs 259 crore for the first quarter of FY26, marking a 35% year-on-year increase from Rs 192 crore in the same period last year. The company’s EBITDA stood at Rs 78 crore with a margin of 30%, reflecting a 94% growth… Continue reading Aether Industries Posts Rs 259 Cr Revenue in Q1 FY26, Up 35% YoY
India Maintains Second-Highest Consumer Sentiment Score Globally in July 2025
Consumer sentiment in India increased by 1.8 percentage points in July 2025, maintaining the country’s position as the second-highest scoring nation among 30 markets surveyed by the LSEG-Ipsos Primary Consumer Sentiment Index, despite ongoing global economic uncertainty. India recorded a national index score of 60.9, trailing only Indonesia at 61.3. The two countries remain the… Continue reading India Maintains Second-Highest Consumer Sentiment Score Globally in July 2025
India-UK Sign FTA to Help Boost Auto and Clean Tech Trade Ties
India and the United Kingdom on Thursday signed a landmark Free Trade Agreement (FTA) aimed at doubling bilateral trade and deepening economic ties between the two nations. The wide-ranging deal is expected to boost Indian exports of key sectors including automobiles, whisky, and medical devices. For the automotive sector, the FTA is expected to significantly… Continue reading India-UK Sign FTA to Help Boost Auto and Clean Tech Trade Ties
Spyne Launches Vinnie, India’s First AI Assistant for Used Car Retail
Spyne, a global automotive AI platform, has launched Vinnie, an AI assistant developed to support used car dealerships by automating customer communication and improving lead management. Positioned as India’s first autonomous AI assistant in the automotive retail sector, Vinnie is designed to address gaps in dealership communication, including delayed responses, missed follow-ups, and fragmented lead… Continue reading Spyne Launches Vinnie, India’s First AI Assistant for Used Car Retail