Download the app
App StorePlay Store
Beige
Login
← All tags

automakers

Toyota Warns 22 Percent Profit Drop as US Tariffs Bite Hard

Toyota Warns 22 Percent Profit Drop as US Tariffs Bite Hard

Toyota expects its net profit to fall 22% in the coming fiscal year, blaming the drag from US tariffs. The automaker previously reported a 19.2% profit decline for 2025-26, but says it has stayed resilient thanks to higher sales volumes and price adjustments, supported by strong product competitiveness.

Summarised by Beize from a story on The Economic Times on 8 May 2026
European shares slip as tariff threats hit automakers and Strait of Hormuz hopes rise

European shares slip as tariff threats hit automakers and Strait of Hormuz hopes rise

European shares edged lower as U.S. tariff hike threats weighed on automakers, turning cautious for investors. Markets also turned to geopolitics, watching for signs of progress toward reopening the Strait of Hormuz—an outcome that could ease shipping and energy uncertainty. Traders balanced sector-specific tariff pressure against potential relief from improved Middle East developments.

Summarised by Beize from a story on The Economic Times on 4 May 2026

Your news, in seconds

App StorePlay Store
India auto boom is rising yet first time buyers and entry cars lag hard

India auto boom is rising yet first time buyers and entry cars lag hard

India’s auto market is seeing a strong lift in overall sales, helping automakers sustain decent profits. But the momentum isn’t evenly spread: first time buyers and entry segment cars remain key weak links. Analysts say the gap could limit how far the boom translates into volume growth across the market, even as better demand supports earnings for now.

Summarised by Beize from a story on The Economic Times on 27 Apr 2026
SIAM reviews draft CAFE III norms and weighs timelines as automakers push back

SIAM reviews draft CAFE III norms and weighs timelines as automakers push back

Auto industry body SIAM says it is reviewing draft CAFE III fuel efficiency norms and will consult members on how manufacturers can meet the proposed implementation timeline. SIAM President Shailesh Chandra declined to comment on potential incentives for small cars, noting manufacturers are split on the idea. SIAM also argues for an enabling environment for EV adoption rather than strict mandates.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Auto scrappage discounts up to 3% launch a new test for Indian car buyers — will it work

Auto scrappage discounts up to 3% launch a new test for Indian car buyers — will it work

Automakers have rolled out scrappage discounts of up to 3% for new car purchases, betting the incentive will nudge older vehicle owners toward upgrading. But with discounts relatively modest, the real question is whether the savings justify the hassle, eligibility checks, and timing—especially in a market where price sensitivity remains high.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Automakers pause deliveries as cess losses loom and dealer inventories get stuck

Automakers pause deliveries as cess losses loom and dealer inventories get stuck

As India’s cess is set to be abolished, automakers and dealers are scrambling because dealers have already paid the cess on their existing vehicle inventories. With recovery of that paid cess looking bleak, supply and delivery plans are being disrupted, forcing automakers to slow deliveries while dealers absorb stalled stock and losses.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Never miss a story

App StorePlay Store
Metals surged yet Maruti M&M and Tata held prices Why this January broke the pattern

Metals surged yet Maruti M&M and Tata held prices Why this January broke the pattern

January was unusual for Indian car buyers: major automakers like Maruti, M&M and Tata didn’t raise prices as they typically do. The twist is that metal costs have been rising, and metals make up most of a vehicle’s weight. With companies now focused on pushing volumes while capacity expands, margins may soon force more “intelligent” pricing changes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
7 seater EV race heats up in India as VinFast Mahindra BYD Kia chase family buyers

7 seater EV race heats up in India as VinFast Mahindra BYD Kia chase family buyers

India’s EV race is shifting from commuting to family comfort as more seven-seater electric models enter the market. Brands including VinFast, Mahindra and Mahindra, BYD, JSW MG, and Kia are targeting affluent city buyers who want spacious rides without sacrificing efficiency. The push signals a new battleground: value, comfort, and eco-friendly convenience for everyday journeys.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s million EV milestone hides a pricey warranty problem looming for buyers

Ola’s push toward a million EVs is being shadowed by warranty costs that far exceed both rivals and traditional automakers. The imbalance has investors and customers wondering whether the company’s growth is being underwritten by rising repair liabilities, and how long the higher costs can remain sustainable as EV volumes scale up.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Honda to stop selling cars in South Korea by end 2026 and shift focus

Honda to stop selling cars in South Korea by end 2026 and shift focus

Honda says it will stop selling cars in South Korea by the end of 2026, while continuing after-sales services for existing customers. The move follows market shifts and Honda’s global restructuring. Instead, the automaker plans to concentrate more on motorcycles in South Korea and is also reportedly reducing petrol vehicle production in China.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Reading on mobile?

App StorePlay Store
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play