The uptick has been driven largely by two-wheelers and commercial vehicles, while passenger vehicles—a key profitability driver for automakers—remain under pressure.

Despite Foxconn's clarification, Minister Rajaa maintained his position, insisting the investment commitment remains valid.

South Korean Tesla Model 3 owners face a recurring BMS battery fault, halving range. Tesla’s use of refurbished batteries and high out-of-warranty costs have sparked outrage, prompting government threats to cut EV subsidies unless a permanent fix is provided.

Hyundai has set a target for SUVs to contribute over 80 per cent to its portfolio by FY2030.

Since its inception, Genesis has grown into a formidable luxury brand with a presence in 20 global markets.

Hyundai's Palisade (top left) and Elantra (top right) are currently available with hybrid powertrains in some countries such as the USA.

Garg's appointment takes effect from January 1, 2026.

The transaction is expected to close in the first quarter of 2026.

Maruti Suzuki has established 45 automated driving test tracks across India till now.

The potential Spanish manufacturing site would complement BYD's existing European production strategy. (Representative image)