Prime Minister directs early finalization of EV Policy 2025
PM directs relevant industries should be supported to enhance local manufacturing capacity of electric two-wheelers and three-wheelers
Tesla updgrades model S and X, increases prices in the U.S.
All model S and X versions get 5 thousand dollar price increase
Global EV sales rise to 1.6 million units in May
China leads with more than 1 million vehicles sold, a 24% increase from a year earlier
New levy imposed on locally made, imported vehicles to boost EV adoption
"Energy Vehicle Adoption Levy", outlined in Finance Bill, aims to encourage people to transition from traditional internal combustion engine vehicles to electric alternatives, including motorcycles and rickshaws
Lawsuit claims Musk’s actions hurt Tesla owners’ reputations
A group of Tesla owners in France is taking legal action against the carmaker, seeking to end their lease contracts and recover legal costs
Tesla plans to launch robotaxi rides in Austin on June 22
CEO Elon Musk says that the date may change, depending on safety concerns
Sazgar reports higher four-wheeler production and sales in May 2025
Between July 2024 and May 2025, Sazgar's total four-wheeler production stands at 10,104 units, while sales reach 10,495 units
Chinese state media urges crackdown on zero-mileage car sales
The paper criticizes the so-called “zero-mileage used cars” strategy, where unsold new vehicles are registered as used to offer heavy discounts
Geely backs Great Wall’s claims against BYD over emissions standards
BYD, Great Wall Motor, and Geely are now locked in a public row over emissions compliance and price wars
Growth in China car sales continues but price wars threaten industry
Sales of electric and hybrid vehicles grow 28.2% in May, down from a 33.9% rise the previous month
Toyota Industries shares fall 12% after $33 billion take-private offer from Toyota Motor
Toyota Motor says the deal considers minority shareholders' interests and includes a share buyback through a tender offer
China’s rare earth curbs disrupt European auto production
BMW says supplier network affected, while Mercedes is looking for 'buffers' to protect supplies
Tesla sales fall in China and Europe amid price war and weakening demand
The company is under pressure from a growing number of cheaper, high-performance models from Chinese rivals, especially BYD
Hyundai exits India’s Ola Electric, Kia sells $80 million shares at discount
Hyundai and Kia invest $300 million in Ola Electric in 2019 to work on electric vehicles and charging infrastructure
MG airlifts critical parts to Pakistan, resumes HS PHEV production after supply chain disruptions
British automaker overcomes supply chain disruptions caused by geopolitical issues, restarts deliveries of locally assembled plug-in hybrid electric vehicle