GSM launches Philippines’ first all-electric taxi service with exclusive fleet of VinFast Nerio Green On June 10, Vingroup’s Green and Smart Mobility Joint Stock Company (GSM) officially launched Green GSM, the Philippines’ first all-electric taxi service, marking the company’s entry into its 4th international market after Vietnam, Laos, and Indonesia. The launch event in Quezon City was attended by key government officials, diplomats, an...

News  Updated at: 2025/06/11

mited announced that its step-down subsidiary company BEE Lighting Limited, has received a purchase order of INR 120 million from a premier German multi-brand OEM. The OEM has approached BEE Lighting Limited for exterior vehicle lighting design and development.  Based on Remsons Industries Limited stock exchange filing ...

News  Updated at: 2025/06/10

ill integrate, and new holding company will be established, which will start operations in April 2026. Daimler Truck and Toyota will each aim to own 25% of the holding company. The holding company plans to own 100% of Mitsubishi Fuso and Hino shares, intends to list on the Prime Market of the Tokyo Stock Exchange. Karl Deppen, CEO of Mitsubishi Fuso will become the CEO of the new holding company, with over 40,000 employees. The new holding compan...

News  Updated at: 2025/06/10

Ferry Automotive Pvt. Ltd., under which the vehicles will be leased and deployed for urban transportation and delivery services. The initial rollout will take place in Mumbai, Pune, and Ahmedabad, with further expansion planned in subsequent phases.  Based on Wardwizard Innovations & Mobility Ltd. stock exchange filing ...

News  Updated at: 2025/06/06

Changan Auto suspends merger with DFMC due to upcoming change in indirect controlling shareholder On June 5, Changan Auto announced on the Shenzhen Stock Exchange (SZSE) that with the approval of China’s State Council, the automotive operations of China South Industries Group Corporation (CSGC), an indirect controlling shareholder, will be spun off into an independent central enterprise. The State-owned Assets Supervision and Administration Com...

News  Updated at: 2025/06/06

rder for supplying 543 BS-VI diesel chassis and fully built buses to Tamil Nadu State Transport Corporation. The order value is INR 1.83 billion. The order has been awarded through a normal tender process. Ashok Leyland will supply buses between June 2025 and December 2025.  Based on Ashok Leyland stock exchange filing ...

News  Updated at: 2025/06/04

sition, Optare Plc’s shareholding in SML UK would increase from 98.56% to 99.57%, and consequently, Optare Plc. UK, along with Hinduja Automotive Limited, UK, will hold 100% in SML UK. Switch Mobility is a global manufacturer of electric buses and light commercial vehicles. Based on Ashok Leyland stock exchange filing ...

News  Updated at: 2025/06/04

g the recent exit of the Mitsubishi Mirage. With this move, no new manual sedans under USD 20,000 remain in the U.S. market. Nissan will continue producing CVT-equipped Versa models, focusing on better-selling trims like the Versa SR, starting at USD 21,190. The few remaining manual units in dealer stock are the last chance for buyers seeking a low-cost, manual car. (Cluster Industrial on June 2, 2025)...

News  Updated at: 2025/06/03

Iran suspends transfer of share of Saipa and Iran Khodro On May 25, multiple sources reported that the Supreme Council for Economic Coordination has suspended any transfer of shares in Iran’s two major automakers, Iran Khodro and Saipa, until further notice. The CEOs of both companies informed the Stock Exchange Organization through official letters that, by order of the country’s top authorities, any changes in ownership have been put on hol...

News  Updated at: 2025/05/26

acturing facilities is scheduled for completion by March 31, 2026. The company will introduce a range of new New Energy Vehicle (NEV) models to strengthen its product lineup. It is also exploring new markets for export business. It is planning to expand its local dealership network. Based on Sazgar stock exchange filing ...

News  Updated at: 2025/05/23

in India and to 80 countries around the world. BAIHBV has arranged a debt funding package of EUR 800 million to enable the continuity of the KTM business. Of this, EUR 200 million has already been infused into the company so far and the balance EUR 600 million is being done now. Based on Bajaj Auto stock exchange notification and press release ...

News  Updated at: 2025/05/23

26 (ending March 31, 2026). It will cater to two and three-wheeler OEMs using its NMC-based Prabal 1000 (NMC-622 cathode chemistry) Li-ion cells. IBC is developing its LFP-based Prabal 2000 using Himadri’s LFP cathode active and anode materials.  Based on Himadri Speciality Chemical Ltd website/ stock exchange filing ...

News  Updated at: 2025/05/23

ocation at Kharkhoda, Haryana. The new manufacturing facility is being set up to meet the continuous increase in the demand from OEMs and will also avoid the efficiency loss of 3 plants operation. It is expected to commence its operations from Q4, 2026-27 (ending March 31, 2027). Based on Uno Minda stock exchange filing and press release...

News  Updated at: 2025/05/22

Honda Malaysia launches e:N1 BEV, garners strong early demand Reported on May 16, 2025, Honda Malaysia has received 200 bookings for the all-electric Honda e:N1 before the official local launch on May 15. The company expects to clear its entire stock of the B-segment SUV by year-end, before the import and excise duty exemptions for CBU EVs expire on December 31, 2025. Honda’s first BEV model, the Honda e:N1, priced at RM149,900 on-the-road with...

News  Updated at: 2025/05/21

Vs), and two plants in Kyushu, which produce profitable large-sized vehicles, the Oppama and Shonan Plants are older and their operational rates have been hovering at low levels. Anxiety has spread among local communities, with some saying the plans are too drastic and focus on immediate profit and stock price recovery, but Nissan will step forward to implement the reform without sanctuaries. The company had been considering, below the surface, s...

News  Updated at: 2025/05/20

o acquire the remaining stake in Maxwell to consolidate its ownership. Maxwell is in the business of embedded electronics, particularly in battery management systems (BMS) for vehicles, including electric vehicles (“EV”) and stationary storage systems. Based on Endurance Technologies Limited's stock exchange notification and press release...

News  Updated at: 2025/05/19

e first tranche of a larger investment commitment. The announcement follows the company’s disclosure dated May 13, 2025, wherein it has approved a total investment of AUD 15 million in Sicona, to be executed in agreed tranches over a period of 18 months. Based on Himadri Speciality Chemical Ltd's stock exchange notification and Sicona Battery Technologies press release...

News  Updated at: 2025/05/19

ax Integrated Ventures Private Limited (LIVE). IAC India, incorporated on March 11, 2008, is a Tier-1 supplier of interior systems and components to major automotive OEMs in India, including Mahindra, Maruti Suzuki, Volkswagen, and Volvo Eicher Commercial Vehicles. Based on Lumax Auto Technologies' stock exchange notification...

News  Updated at: 2025/05/19

e first and second largest manufacturers for industrial chains in Japan. By utilizing their production bases and sales networks, they aim to compete against firms primarily from China, which are gaining prominence both domestically and overseas. Tsubakimoto Chain will allocate 0.65 shares of common stock for every Daido Kogyo share. Daido Kogyo plans to delist its shares from the Standard Market of the Tokyo Stock Exchange, Inc. on December 29, 2...

News  Updated at: 2025/05/16

strengthen and expand partnerships with key OEMs. It will expand its product portfolio. To meet growing demand and future opportunities, the company plans to double its production capacities over the next five years to cater to OEMs like Maruti, Toyota, and KIA. Based on NDR Auto Components Limited stock exchange filing ...

News  Updated at: 2025/05/15