IPO subscribed 1.5x, led by strong retail and employee demand. Valued at Rs. 11,956 crore, at a premium to its larger rival Ola Electric. 19% gross margin, no PLI, strong R&D focus with 300 patents. Market share at 14.5%, boosted by Rizta and network expansion. New-age electric two-wheeler manufacturer Ather Energy has kickstarted India’s FY26… Continue reading Ather Energy IPO Subscribed 1.5x, Signals Revival of Mainboard Market
Category: US Motoring Press
Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed
Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025. Michael Wayland | CNBC LOUISVILLE, Ky. – President Donald Trump‘s reprieve for automotive parts tariffs is helpful, but more changes are still needed to assist automakers and grow the U.S. auto industry, Ford… Continue reading Ford CEO says Trump’s tariff reprieve is helpful, but more changes needed
Auto giant Stellantis suspends full-year guidance due to uncertainties over Trump tariffs
Stellantis logo is pictured at one of its assembly plants following a company’s announcement saying it will pause production there, in Toluca, state of Mexico, Mexico, on April 4, 2025. Henry Romero | Reuters Auto giant Stellantis on Wednesday said it was withdrawing its full-year financial guidance due to uncertainties regarding the impact of U.S.… Continue reading Auto giant Stellantis suspends full-year guidance due to uncertainties over Trump tariffs
Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
An American flag flies beyond the Volkswagen logo displayed at a Volkswagen dealership on April 4, 2025 in Pasadena, California. Mario Tama | Getty Images News | Getty Images German auto giant Volkswagen on Wednesday reported a substantial drop in first-quarter profit as the carmaker navigates the disruptive impact of U.S. tariffs on the global… Continue reading Volkswagen posts 37% drop in first-quarter profit, says Trump tariffs could weigh on outlook
Waymo, Toyota strike partnership to bring self-driving tech to personal vehicles
A Waymo self-driving car, seen with a driver, stops at a red light outside the U.S. Capitol in Washington, D.C., on Friday, March 31, 2025. Bill Clark | CQ-Roll Call, Inc. | Getty Images Alphabet-owned Waymo and Toyota on Tuesday announced a preliminary partnership to explore bringing robotaxi tech to personally-owned vehicles. “The companies will… Continue reading Waymo, Toyota strike partnership to bring self-driving tech to personal vehicles
April 2025 PV Sales Preview: Momentum Sustains, But Inventory and Retail Weakness Raise Red Flags
India’s passenger vehicle (PV) market appears to be holding steady on its upward trajectory in April 2025, supported by sustained wholesale dispatches and aggressive seasonal discounting. According to preliminary industry estimates, vehicle manufacturers are expected to ship between 350,000 and 355,000 units, translating to 4–5% year-on-year growth over April 2024. This marks the seventh consecutive… Continue reading April 2025 PV Sales Preview: Momentum Sustains, But Inventory and Retail Weakness Raise Red Flags
AKWEL Reports €255.6M in Q1 2025 Turnover Amid Global Automotive Market Slowdown
AKWEL, a global automotive and heavy-vehicle parts and systems manufacturer, announced a consolidated turnover of €255.6 million for the first quarter of 2025, reflecting a 4.0% decline at constant scope and exchange rates compared to the same period in 2024. This performance comes against a backdrop of weakened global automotive production, with most major manufacturing… Continue reading AKWEL Reports €255.6M in Q1 2025 Turnover Amid Global Automotive Market Slowdown
Lamborghini Temerario Launched in India with 907 Horsepower Hybrid Powertrain; Starts From Rs 6 Crores
Automobili Lamborghini introduced the Temerario, a twin-turbo V8 hybrid super sports car, to the Indian market. The vehicle, part of Lamborghini’s High-Performance Electrified Vehicle (CVEV) range, delivers 907 Hp and reaches 10,000 rpm, marking it as the first production super sports car to achieve this engine speed. It accelerates from 0-100 km/h in 2.7 seconds… Continue reading Lamborghini Temerario Launched in India with 907 Horsepower Hybrid Powertrain; Starts From Rs 6 Crores
Winners announced for Autocar Great Women: Rising Stars 2025
The event included a number of speakers, including talks and interviews from: Sarah Windrum, head of cluster development at Horiba MIRA; Volvo Car UK managing director Nicole Melillo Shaw; Diane Miller, director of the Parts Distribution Centre at Ellesmere Port for Stellantis; Lorraine Bishton, managing director of Subaru UK; and Renee Knott, head of project… Continue reading Winners announced for Autocar Great Women: Rising Stars 2025
Off-road brand iCar to launch in the UK next year with chunky V23
China car maker Chery will bring its electrified off-roader brand iCar to the UK next year as part of a global sales push. The brand will be renamed iCaur for models sold outside of China to avoid a clash with Apple, which owns the iCar name. The line-up will include the brand’s chunky V23 small electric… Continue reading Off-road brand iCar to launch in the UK next year with chunky V23