Maruti Suzuki, Q2 net profit up 7.3%, domestic wholesale volume falls on GST price cut expectations On October 31, Maruti Suzuki, India announced domestic wholesale volume decline of 5.1% year over year to 440,387 units in Q2 of FY2025-2026. This was due to customers deferring buying because of expectation of GST led price reduction from September 22, 2025. Exports grew by a robust 42.2% to 110,487 units, the highest-ever in any quarter. The over...

News  Updated at: 2025/11/05

Bosch to cut 13,000 more jobs in Germany by 2030 Robert Bosch GmbH (Bosch) announced plans to cut around 13,000 additional jobs at its Mobility locations in Germany by 2030. The move is part of efforts to close an annual cost gap of approximately EUR 2.5 billion worldwide in its Mobility business. This gap stems from weak global vehicle demand, delayed adoption of electromobility, automated driving, and hydrogen technologies, a market shift towar...

News  Updated at: 2025/09/26

U.S. OEMs call for EPA to ease tailpipe emissions rules signed in June The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor Corp., Volkswagen Group, Hyundai Motor Co. and other major OEMs, said in a filing with the Environmental Protection Agency that legislation signed by President Trump in June will increase the effective price of EVs and could lead to a near-term decline in EV market share. “The 2027 and late...

News  Updated at: 2025/09/25

Indian two-wheeler OEMs slash prices after GST reduction from 28% to 18% On September 3, the GST Council approved sweeping tax reforms for India’s auto sector, slashing GST on motorcycles and scooters below 350cc from 28% to 18%, effective September 22, 2025. The move covers 98% of India's two-wheeler market and has prompted major OEMs to roll out significant festive price cuts. Hero MotoCorp announced reductions of up to INR 15,743, Royal Enfi...

News  Updated at: 2025/09/10

Kanagawa Prefecture to assist small and medium-sized companies affected by Nissan’s production shift Kanagawa Prefecture announced that it will launch a preferentiall loan program for small and medium-sized companies being affected by the production cut of Nissan Motor Co., Ltd. (Nissan). The prefecture will lend up to JPY 80 million with an annual interest rate of 1.3 to 1.9% or lower. It reviewed its special loan system, initially designed to...

News  Updated at: 2025/09/10

Toyota to drastically cut price of bZ4X Toyota Motor Corporation (Toyota) plans to reduce the price of its bZ4X electric vehicle (EV) by more than JPY 500,000 in Japan in the second half of 2025. The price after subtracting a subsidy will be around JPY 4 million. Toyota will also add a new version that travels more than approximately 700 km. The company aims to increase the monthly sales of the bZ4X, currently selling less than 100 units, to 1,50...

News  Updated at: 2025/06/10

BYD cuts prices of several models, with maximum reduction exceeding 30% On May 23, BYD cut the respective prices of the intelligent driving variants of the 2nd-generation Qin Plus DM-i and the Qin L DM-i from CNY 79,800 to CNY 63,800 and from CNY 99,800 to CNY 79,800, valid until June 30. According to multiple press releases, BYD subsequently cut the prices of the intelligent driving variants of 22 models such as the 2nd-generation Yuan Plus and ...

News  Updated at: 2025/06/03

2023 has stalled and the region is now experiencing a downturn. Economic conditions are a major factor behind the decline. Eurozone GDP remains sluggish, and high inflation persists, leaving the European Central Bank (ECB) facing increasing uncertainty regarding its monetary policy and decision to cut interest rates. Affordability has become a central barrier, and even with the introduction of more hybrid and electric options, price sensitivity ...

News  Updated at: 2025/05/08

Nissan lowers pricing of top models in U.S. as tariffs arrive On April 1, Nissan announced it is lowering the Manufacturer's Suggested Retail Prices (MSRP) across the entire line of the popular 2025 Rogue and 2025 Pathfinder SUVs, with reductions ranging from USD 670 to USD 1,930. The Rogue's top price cut is USD 1,930 and the Pathfinder is USD 1,170. The price cuts were announced as 25% U.S. import tariffs are set to begin on vehicles and parts....

News  Updated at: 2025/04/04

Rivian 'on track' to launch affordable R2 in first half of 2026, CEO says On February 20 during its Q4 earnings call, Rivian CEO RJ Scaringe confirmed that the company’s new R2 model is on track for launch in the first half of 2026 and will have a starting price around USD 45,000.  Scaringe said the company has managed to reduce material costs by 50% over the R1, already securing contracts for "95% of the bill of materials", referring to all o...

News  Updated at: 2025/02/22

d?  -  (Thierry Piéton) Regarding the CAFE guidance and its 1% impact, we will see the evolution of it over time. Essentially, the 1% is a result of two levers that we have: the first one is incentivizing the EV sales, and the second is reducing the volume of ICE vehicles doing trade-off between price and volume on cars that would bring a high penalty on a CAFE perspective. Basically, the biggest impact of CAFE will be in our first lever, the...

News  Updated at: 2025/02/21

OEMs in Argentina reduce prices of vehicles due to tax reform On February 6, major automakers in Argentina, including Honda, Hyundai, Volkswagen, Kia, and Grupo Car One, updated their pricing in response to the government's tax reform. The reform eliminated the first tier of internal taxes, halved the second tier, and introduced a 0% tariff for hybrid and electric vehicles, though the latter measure has not yet taken effect. Honda lowered prices ...

News  Updated at: 2025/02/13

f the core markets, the local brands’ New Energy Vehicles have been growing rapidly in the recent years. As a result, the joint venture non-premium market, a main battlefield of the joint venture brands including Nissan is shrinking. The speed of the decline is accelerated along with intensifying price competition this year. Chinese players are significantly increasing their exports to other markets such as Southeast Asia, the Middle East, and ...

News  Updated at: 2024/11/08

Toyota to keep prices of parts procured from tier 1 parts suppliers unchanged Toyota Motor Corporation (Toyota) will maintain the parts procurement prices from its Tier 1 suppliers for the second half of fiscal year 2024 (October 2024 to March 2025). Toyota refrained from asking small and medium-sized companies to lower their selling prices in the first half of FY 2024 due to the increased burden caused by the sudden fluctuation in vehicle produc...

News  Updated at: 2024/08/09

Thai authorities investigating complaints about BYD’s EV aggressive discounting Reported on July 3, 2024, Thailand’s Office of the Consumer Protection Board revealed that the authorities have called for BYD dealers, following a consumer complaint about aggressive discounting that left several buyers upset about how much they paid for their cars. BYD dealers are expected to clarify why they cut prices further and how they plan to find a soluti...

News  Updated at: 2024/07/05

rough to 2 November 2024. After this, the tariffs will apply definitively unless a qualified majority of EU member states vote against them, or negotiations with China reduce the penalties. It is also important to note that the tariffs are levied upon CIF (Cost of Goods, Insurance & Freight) border prices so that the impact of the penalty on the end user retail vehicle cost is diluted. Can Chinese car manufacturers still flourish, despite the upc...

News  Updated at: 2024/07/04

stic manufacturers’ notable shift in market dynamics and strategic realignment. Since NEVs are superior to traditional fuel vehicles in terms of ownership cost and driving experience, the decline of traditional fuel (ICE) vehicles in the Chinese market is faster than expected. In addition, in the price war that has been going on last year and this year, ICE vehicles are also at a disadvantage due to the lack of opportunity for price reductions....

News  Updated at: 2024/06/19

and Turkiye. The company plans to enter the C-segment with the Dacia Bigster and other vehicles, aiming to double profit coverage and reach 1 million sales by 2030, with a third in the C-segment. Dacia will transition to affordable EV solutions in Europe, leveraging Renault and Ampere technology to cut its carbon footprint by 50% by 2035. It will also support Renault Group's pace of electrification and develop alternative fuel powertrains in coop...

News  Updated at: 2024/06/18

Rivian cuts R1T, R1S prices in U.S., Canada to move existing inventory Rivian has recently made significant price cuts to 2023 and 2024 models in an apparent effort to clear existing inventory and boost sales.  The price cuts were applied to Rivian R1T and Rivian R1S in the U.S. and Canada.  Pricing to order a new Rivian remains unchanged; the recent price cuts only apply to models in existing inventory, and target optional equipment specifical...

News  Updated at: 2024/05/30

Ford cuts price of F-150 Lightning as it prepares to resume shipments On April 5, Ford cut the prices of its electric F-150 Lightning pickup truck by as much as 7.5% as it prepares to resume deliveries from the Rouge Electric Vehicle Center later in April following a halt earlier in 2024 over an undisclosed quality issue. •    The Flash extended-range model received the largest reduction of USD 5,500, and now starts at USD 67,995. •    T...

News  Updated at: 2024/04/12