Castalloy, in an investor update, announced that it expects a capital expenditure of around INR 1.7 billion in the next financial year (FY 2025-26, ending March 31, 2026) to build capabilities and support its expanding business pipeline. For FY 2024-25, they had projected INR 18 billion in revenue, targeting 15% year-on-year growth, but closed at INR 17.25 billion due to a sharp slowdown in key export markets, particularly Europe and the US, and ...

News  Updated at: 2025/05/27

s). If something goes wrong, drivers get instant alerts. Also, shows the status of doors, windows, and the locking system. More features will be added over time. For the electric eActros 600, the app displays battery status, range, and charging details—including how much time is left to reach the target charge. It keeps drivers informed during charging with updates if charging starts, pauses, or finishes. Based on Daimler Truck press release...

News  Updated at: 2025/05/22

the establishment of a new private limited joint venture company (JVC) in Malaysia. The JVC will focus on the development, manufacturing, and marketing of automotive millimeter-wave radar sensors for Advanced Driving Assistance Systems (ADAS) and automated driving applications. Its operations will target global markets, excluding China. Under the terms of the JVSA, the JVC will have a total share capital of MYR 2.5 million, with MVSB holding a 5...

News  Updated at: 2025/05/22

gh the fiscal year that ends in March 2031 (FY 2030), which aims to become a specialty chemical company. For FY 2030, the company aims to increase sales to JPY 550 billion from JPY 486.8 billion in FY 2024, and operating profit of JPY 60 billion from JPY 18 billion. The company has also set a sales target of JPY 1 trillion and an operating profit target of FY 100 billion for FY 2035 to FY 2040. UBE has extended the period of its mid-term plan fro...

News  Updated at: 2025/05/22

Mitsubishi Motors Indonesia launches updated Xpander and Xpander Cross On May 16, 2025, PT Mitsubishi Motors Krama Yudha Sales Indonesia (PT MMKSI) officially introduced updated versions of the Xpander and Xpander Cross. The enhancements primarily target exterior styling, interior comfort, and overall performance, reinforcing the models' positioning as versatile vehicles designed to meet the needs of modern Indonesian families and their adventuro...

News  Updated at: 2025/05/22

ustrial zone. The plant will have welding, painting, and final assembly lines, and is expected to create about 1,500 jobs. The facility will serve both local and export markets. Additionally, the company also announced the launch of the locally assembled Jetour X70 Plus, with an initial production target of 5,000 vehicles per year. Based on Egypt Government press release and social media update...

News  Updated at: 2025/05/21

reduced trade barriers. The company saw PHEVs as a practical entry point for consumers new to electric mobility while reaffirming its focus on sustainability. BMW echoed the call for flexible and inclusive policies, reaffirming its commitment to sustainability across the value chain and its global target to cut carbon emissions by 40 million tons by 2030. Honda, Toyota, MG, and Changan stressed collaboration with the government and local supplie...

News  Updated at: 2025/05/21

Honda 2025 Business update: realigning automobile electrification strategy On May 20, Honda held a press briefing on realigning its automobile electrification strategy. As for EVs, due to the revision of the product launch plan considering the recent market slowdown, the Honda global EV sales ratio in 2030 is now expected to fall below the previously announced target of 30%. Honda will position its HEVs, as the powertrain that will play a key rol...

News  Updated at: 2025/05/20

ian Price posted on social media scenes from the company’s first international manufacturing plant (AMP-2) in King Abdullah Economic City (KAEC), Jeddah, Saudi Arabia, which opened in 2024. The company is currently expanding the AMP-2 factory, which will be completed in 2026. Lucid's annual sales target is set at 150,000 units, which likely includes the yet-to-be-revealed midsize models, for the local Saudi market, as well as markets outside No...

News  Updated at: 2025/05/20

o leverage synergies. Together with the recent acquisition of Jiangsu Huanyu Group, this transaction expands Autoneum’s Business Group Asia customer base to include other major Chinese vehicle manufacturers such as FAW-VW, FAW-Audi, FAW-Toyota, and Geely. It also supports Autoneum’s medium-term target of generating 20% of Group revenue in Asia. (From a press release dated May 16, 2025)...

News  Updated at: 2025/05/19

SBTi approves Infineon’s greenhouse gas emission reduction targets On May 15, Infineon Technologies AG announced that the Science Based Targets initiative (SBTi) has approved the company's ambitious greenhouse gas emission reduction targets. The approval spans the company's own emissions (scope 1 and 2) as well as emissions along the supply chain (scope 3).  The scope 1 and 2 goals are in line with the Paris Agreement to limit global temperatu...

News  Updated at: 2025/05/16

ortant step as the model moves closer to full production, which is planned to begin in November (Q4 2025). The new 500 will feature a hybrid engine. Over 70% of the 500s built at Mirafiori are exported, making it a strong symbol of Italian manufacturing. The production of the model has an estimated target of over 100,000 units per year at full capacity. Based on Stellantis press release...

News  Updated at: 2025/05/13

year attributable to owners of the parent of JPY 250 billion, based on the assumption of an exchange rate of JPY 135 to the dollar. Although the impact of the U.S. tariffs is uncertain, measures to offset additional tariffs on completed vehicles and parts have been reflected. Motorcycle unit sales target has been revised upward to 21.3 million units, reflecting an increase in sales mainly in Asia. Automobile unit sales target has been revised do...

News  Updated at: 2025/05/13

European Parliament adopts change to CO2 emission performance standards for new cars and vans On May 8, the European Parliament adopted a targeted change to CO2 emission performance standards for new cars and vans. With 458 votes for, 101 against, and 14 abstentions, members supported the Commission’s proposal to support Europe’s automotive sector. To speed up its adoption, Parliament agreed to deal with the file under its urgent procedure. ...

News  Updated at: 2025/05/09

how successful it will be isyet to be determined. Integration Challenges Beyond market feedback, the new technology requires the dismantling of silos to achieve hardware-software synergy. This will be a testament to the automaker’s integration capabilities. Policy-Market Balance From an emissions target perspective, this new pathway could serve as a transitional technology before achieving a “zero emissions” goal. It has the potential to de...

News  Updated at: 2025/05/09

EU plans EUR 95 billion countermeasures against U.S. tariffs On May 8, the European Commission proposed countermeasures on up to EUR 95 billion (USD 108 billion) of U.S. imports if negotiations with President Donald Trump’s team fail to remove the series of tariffs applied by U.S. President Trump. The new measures would target U.S. cars and car parts, machinery, aircraft, chemicals, electrical equipment, wine, fish, and health products. The new...

News  Updated at: 2025/05/09

Rilox EV, India signs multi-year OEM deal with Hala Mobility for 20,000 electric two-wheelers On May 7, Rilox EV signed a multi-year OEM partnership with Hala Mobility to deploy electric two-wheelers across India. Under this agreement, the companies plan to introduce 400 electric two-wheelers each month, with a target to deploy 20,000 units over the course of the partnership. The deployment will begin with low-speed models and later extend to hig...

News  Updated at: 2025/05/08

BMW Group reports EBIT down 22.5% in Q1 2025 On May 7, BMW Group announced that in Q1 2025, group revenues decreased 7.8% YoY to EUR 33.8 billion, EBIT was down 22.5% YoY to EUR 3.1 billion, and net profit decreased 26.4% YoY to EUR 2.2 billion. The automotive EBIT totaled EUR 2 billion for Q1, down 25.3% YoY with a 6.9% margin at the upper end of the 5–7% target range. Without the impact of BBA-related depreciation and amortisation, the margin...

News  Updated at: 2025/05/07

ership scheme. Under the BaaS plan, the G3 is priced at IDR 299 million and the G3+ at IDR 339 million, while the standard purchase prices with batteries included are IDR 419 million and IDR 459 million, respectively. Polytron plans to open 8 dealerships in key Indonesian cities and has set a sales target of 1,500 units for 2025. (From Polytron Indonesia social media updates and an article of Republika on May 6, 2025)...

News  Updated at: 2025/05/07

KINETA reaches 8,888 EV charger sales in Malaysia, targets 10,000 units by mid-2025 Announced on May 5, 2025, KINETA has achieved a significant milestone, with sales of over 8,888 EV chargers across Malaysia. Demonstrating sustained growth and a clear strategic direction, the company is now progressing steadily toward its target of 10,000 units by mid-2025. Additionally, KINETA has confirmed its participation in the upcoming Malaysia Autoshow 202...

News  Updated at: 2025/05/07