Oslo Taxi’s Tesla model Y (L) and the NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drive through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images Tesla shares declined about 5% on Monday to close at $383.68 after President Donald Trump announced plans… Continue reading Tesla shares drop 5% on Trump tariffs, decline in vehicle registrations in Europe
Category: US Motoring Press
Auto stocks fall as Trump tariffs spark trade war concerns
Employees work on the assembly line of new energy vehicles at a factory of Chinese EV startup Leapmotor on April 1, 2024 in Jinhua, Zhejiang Province of China. Shi Kuanbing | VCG | Visual China Group | Getty Images Shares of auto giants fell sharply on Monday, but were off their intraday lows after President… Continue reading Auto stocks fall as Trump tariffs spark trade war concerns
Audi abandons split model names for ICE and EV models
Audi has reversed its new model naming strategy that differentiated combustion-engined models from electric models using odd and even numbers. The move comes after customer and dealer feedback confirmed the new system was causing confusion. Under the original plan, ICE cars, including plug-in hybrids, were assigned the numbers 1, 3, 5 and 7, while EVs were assigned 2, 4, 6 and 8. At… Continue reading Audi abandons split model names for ICE and EV models
Castrol India reports strong Q4 performance with 12% profit growth, sets record annual revenue
Castrol India Limited, a leading lubricant manufacturer, announced robust financial results for the fourth quarter of 2024, with profit after tax rising 12% to ₹271 crore compared to ₹242 crore in the same period last year. The company’s revenue from operations grew 7% to reach ₹1,354 crore in Q4. The strong quarterly performance contributed to… Continue reading Castrol India reports strong Q4 performance with 12% profit growth, sets record annual revenue
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
BUDGET 2025: No Change in Effective Duty on Import of Cars
The recent Union Budget brought joy to those looking to import cars to India, as the basic customs duty (BCD) on import of cars was reduced by way of exempting them from the Social Welfare Surcharge (SWS). However, a closer look at the budget document shows that an Agriculture Infrastructure and Development Cess (AIDC) has… Continue reading BUDGET 2025: No Change in Effective Duty on Import of Cars
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
BNP Paribas Securities India has released its analysis of the Union Budget 2026, highlighting both opportunities and challenges for India’s automotive sector. The research report, authored by Kumar Rakesh, suggests that while tax cuts could boost demand, the benefits may not be uniform across all segments. The investment bank views the direct tax cuts as… Continue reading Budget 2026: Auto Sector Faces Uneven Road Ahead, Says BNP Paribas
Electrification and lightweighting reshaping material requirements: Envalior
With a significant overhaul of fundamental vehicle propulsion technology, materials are going to play a key role in driving future innovation in the automotive industry. Leading materials supplier Envalior outlines its key material trends and its product roadmap. As the automotive industry transitions towards sustainable mobility solutions, there is a fundamental shift in vehicle propulsion technology, which is required… Continue reading Electrification and lightweighting reshaping material requirements: Envalior