National Handloom Day 2026: From Alia Bhatt to Samantha Ruth Prabhu; Actresses who celebrated India's textile heritage as brides

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India officially names 27 places in Arunachal to counter China's renaming claims

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Mercedes-Benz has revised its annual profit margin forecast downward after reporting weak second-quarter sales and earnings. The German automaker now expects an adjusted return on sales between 10-11% for 2024, down from the previous target of 10-12%.

Mercedes-Benz lowers profit forecast amid stiff competition in China

Stellantis CEO Carlos Tavares has announced that the global automotive giant is prepared to eliminate underperforming brands from its extensive portfolio and is taking decisive steps to address weak margins and high inventory levels in its U.

Stellantis CEO signals potential brand cuts amid U.S. market challenges

Ola Electric, the SoftBank-backed Indian electric vehicle manufacturer, has decided to suspend its ambitious electric car project, according to two sources with direct knowledge of the decision.

Ola Electric puts electric car project on hold

Israeli battery technology company Addionics has successfully raised USD 39 million in a Series B funding round. The investment was co-led by General Motors' venture capital arm, GM Ventures, and Israeli tech venture fund Deep Insight.

EV battery innovator Addionics raises USD 39 million in series B funding

Honda Motor, the Japanese automotive giant, has announced significant changes to its manufacturing operations in China as part of a strategic shift towards increased electric vehicle (EV) production.

Japan's Honda to close China plant, stop production at second factory

Nissan Motor, the Japanese automotive giant, has significantly revised its annual outlook downward following a dramatic decline in first-quarter profit. The company's performance was severely impacted by aggressive discounting strategies in the United States market, leading to financial results that fell far short of analyst expectations and triggered a sharp decline in Nissan's stock price.

Nissan sees Q1 profit wiped out due to US discounts, shares fall

Stellantis, the world's fourth-largest automaker, has announced a series of measures to address operational challenges following disappointing financial results for the first half of 2024.

Stellantis misses forecasts with H1 drop in revenue and operating income

The Automotive Component Manufacturers Association of India (ACMA), through its latest Industry Performance Review FY 2023-24, has outlined that the country's auto component industry is now progressing significantly and is stronger across several fronts despite various odds.

Indian auto component industry clocked 9.8% growth in FY24 at INR 6.14 lakh crore

Thailand's automotive industry faced a significant downturn in June 2024, with car production plummeting by 20.11% compared to the same month last year. This decline follows a 16.

Car production in Thailand drops by 20.11 per cent in June amid tighter financing, high consumer debt

A federal judge in Chicago has said that software vendors can bring a joint lawsuit against automotive technology supplier CDK Global in connection with data access restrictions and overcharge estimates of several hundred million of dollars.

Automotive tech company CDK must face antitrust class action, judge says

Shares of Ford Motors sank over 12% in early premarket trading on Thursday after the automaker reported disappointing second-quarter profits. Ford's adjusted profit of 47 cents per share fell significantly short of analysts' expectations of 68 cents, according to data from LSEG.

Ford shares plummet after missing Q2 profit estimates amid quality issues and EV competition

Ford Motor reported a disappointing second-quarter performance, with adjusted profit falling short of expectations and quality issues continuing to haunt the automaker.

Ford Motor reports disappointing Q2 performance, stock falls 11%

Hyundai Motor has reported a record quarterly profit and revenue, driven by strong sales of high-margin cars, particularly in the premium SUV and hybrid segments.

Hyundai Motor reports record quarterly profit amidst uncertain U.S. EV policies

BMW Motorrad India has unveiled its first electric offering, the BMW CE 04, starting at INR 14,90,000 marking India's debut of a premium electric scooter. This urban mobility solution, available as a Completely Built-up Unit (CBU), can be booked in select metropolitan cities.

BMW Motorrad India launches CE 04: a new era of urban electro-mobility

BMW India has introduced the new MINI Cooper S, starting at INR 44,90,000, and the all-electric MINI Countryman, starting at INR 54,90,000. Available as completely built-up units (CBU), these models can be booked at authorised MINI dealerships and online, with deliveries set to commence in September 2024.

BMW India launches new MINI Cooper S and Electric MINI Countryman

Kia India has launched an experimental lease offer for its flagship product, the EV6, after the program’s success in its first two months of operations. It is a reasonably priced product that is currently available from INR 1.

Kia expands lease program with introduction of EV6

BMW India has launched the all-new BMW 5 Series Long Wheelbase, with a starting price of INR 72.9 lakh. The vehicle is available for booking at BMW dealerships across India and online at, with deliveries beginning in September 2024.

BMW India launches new 5 Series long wheelbase at INR 72.9 lakh

Hyundai Motor India Limited (HMIL) has signed and MoU with Charge Zone to further strengthen its EV story in India. This strategic collaboration will involve Charge Zone deploying the DC 60 kW fast chargers across 100 dealerships of HMIL across the country.

Hyundai India partners Charge Zone to install high speed EV chargers at its dealerships

The US National Highway Traffic Safety Administration announced on Wednesday that BMW has planned a recall of 291,112 cars in the United States because of risks that interior cargo rails might get separated during rear impacts, increasing the danger of individuals being harmed.

BMW to recall over 290,000 faulty vehicles in US over safety concerns

In the Union Budget 2024-25 presented on Tuesday, Finance Minister Nirmala Sitharaman unveiled a significant initiative aimed at bolstering India's position in the critical minerals sector.

Budget 2024-25: 'Critical Mineral Mission' to boost EV battery production

Tesla, the prominent electric vehicle manufacturer, reported disappointing financial results for the second quarter of the year, revealing its lowest profit margin in over five years and failing to meet Wall Street's earnings expectations.

⁠Tesla profit margins worst in five years as price cuts, incentives weigh

Porsche AG, the renowned German luxury sports car manufacturer, has been compelled to revise its sales and profit projections for the year due to an unexpected disruption in its aluminium alloy supply chain.

Porsche cuts forecasts due to alloy shortage, shares fall

Tesla CEO Elon Musk has initiated a poll on the social media platform X, formerly known as Twitter, asking users whether the electric vehicle giant should invest USD 5 billion in his artificial intelligence startup, xAI.

Elon Musk polls X users on USD 5 billion Tesla investment in xAI

China's BYD has substantially increased its lead over Tesla in Singapore's EV market during the first half of 2023, according to recent government data. This development underscores the mounting challenge faced by Tesla, the world's largest EV manufacturer by sales volume, from its rapidly expanding Chinese competitors.

BYD surges ahead of Tesla in Singapore's EV market

South Korea's LG Energy Solution (LGES) is actively engaging in discussions with approximately three Chinese suppliers to manufacture low-cost EV batteries for the European market.

LG Energy Solution explores partnerships with Chinese firms for low-cost EV batteries in Europe

Finance Minister Nirmala Sitharaman unveiled the Union Budget 2024, introducing significant initiatives across various sectors including agriculture, manufacturing, and services.

Union budget 2024: FM allocates INR 26,000 cr for roads, custom duties on critical minerals exempted

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