Author: Central Desk

Greenhous Group has added Chinese automaker Geely to its expanding UK portfolio, further strengthening its position as a key partner for new Chinese brands. The first Geely dealership will open at Greenhous’s Featherbed Lane location in Shrewsbury, Shropshire. Founded in 1986 and headquartered in Hangzhou, Geely is one of China’s largest privately owned automotive groups and a major global player, with ownership of Volvo Cars, Polestar, Lotus, and the London Electric Vehicle Company (LEVC). Greenhous already represents several Chinese brands in the UK, including BYD, Chery, Leapmotor, Omoda, and Jaecoo. Adding Geely allows the group to offer a wide range…

Hyundai Motor Company’s Global President and CEO José Muñoz has said that India is on course to become one of the world’s most competitive electric vehicle (EV) hubs, supported by its expanding technological capabilities, localization efforts, and favorable government policies. Speaking at Hyundai Motor India’s first-ever CEO Investment Day in Mumbai, Muñoz stated, “Without a doubt, India not only could be, but is going to be definitely one of the most, if not the most, competitive EV hub in the world.” He emphasized that the shift to electric vehicles is being driven primarily by technological advancements rather than regulatory pressure.…

Leaders from some of the UK’s most advanced automotive leaders and suppliers are convening in Oxfordshire this week for the Society of Motor Manufacturers and Traders (SMMT) Regional Forum. The event focused on strategies for growth amid a challenging global landscape. The forum brings together key figures from across the South East’s thriving automotive sector to discuss responses to ongoing industry headwinds, including trade tensions, slower-than-expected electrification progress, and rising cost pressures, while identifying new opportunities for innovation and investment. According to new SMMT analysis, the South East’s automotive sector contributes £1.3 billion annually to the UK economy and supports…

The Abu Dhabi Investment Office (ADIO) and AD Ports Group have signed a strategic cooperation agreement with Stellantis, one of the world’s leading automotive manufacturers, to develop a comprehensive automotive ecosystem in the UAE capital. The Memorandum of Understanding (MoU) represents a major milestone in Abu Dhabi’s ambition to establish itself as a regional hub for automotive exports, advanced mobility solutions, and industrial innovation. It underscores the shared vision of ADIO and AD Ports Group to expand the emirate’s industrial base and foster international partnerships across high-impact sectors. Under the agreement, Stellantis will collaborate with ADIO to explore new investment…

EVM, a leading Indian consumer electronics brand under Hundia Info Solutions, has entered into the automotive surveillance market with the upcoming launch of the EnEye DashCam. The move marks a strategic expansion for the company, which has built its reputation in computing and mobility products. The EnEye DashCam, designed and manufactured in India, is slated for release later in October 2025. The device features 1080P Full HD video recording, a 1.47-inch display, a wide-angle lens, and in-app video playback compatibility. It also supports loop recording, includes a microphone mute option, and connects seamlessly with both iOS and Android platforms. Built…

Hyundai Motor Group Executive Chair Euisun Chung marks his fifth year in leadership, having transformed the South Korean automaker into one of the world’s top three carmakers while driving a bold transition toward electrification and future mobility. Since assuming the role in October 2020, Chung has redefined Hyundai’s growth strategy, steering the group beyond traditional internal combustion engines into software-driven mobility, hydrogen, robotics, and advanced air transport. Under his leadership, Hyundai Motor Group rose from fifth place in global sales to the top three in 2022 and has maintained that position since. In the first half of 2025, it recorded…

The Malaysian Automotive Association (MAA) has urged the government to continue supporting the country’s electric vehicle (EV) industry beyond 2025, warning that the planned end of EV tax exemptions for fully imported battery vehicles could slow the sector’s growth. Responding to Budget 2026, the association said it supports Malaysia’s push to expand local EV assembly and manufacturing but stressed that the domestic market remains in its infancy. Without ongoing incentives for completely built-up (CBU) EVs, MAA warned that sustaining sales growth and encouraging broader consumer adoption will become increasingly difficult. MAA emphasized that Malaysia’s EV policies must evolve alongside global…

The Haryana government is exploring a strategic partnership with Japan’s Fukuoka Prefecture to enhance cooperation in automotive manufacturing, robotics, and advanced technologies. Industries and Commerce Minister Rao Narbir Singh, who is currently on an official visit to Japan, met with the Deputy Governor of Fukuoka to discuss expanding industrial collaboration. Singh highlighted Haryana’s focus on transportation, research-driven manufacturing, and innovation, inviting Japanese firms to invest in electric vehicles, semiconductors, electronics, biotechnology, and technical textiles. Haryana currently hosts nearly 400 Japanese companies, the highest concentration of Japanese investment in India. Singh underscored the state’s strong industrial infrastructure, skilled workforce, and investor-friendly…

Global carmakers could collectively lose as much as $30 billion in operating profits in 2025 as President Donald Trump’s escalating tariff policies unsettle the international car industry, according to a new warning from Moody’s Ratings. The agency said the latest trade measures could erase more than one-fifth of the operating profit automakers earned in 2024, with margins expected to contract by 100 to 150 basis points. Moody’s noted that the full financial toll will become clearer when major manufacturers begin releasing third-quarter results later this month. The forecast factors in Trump’s new trade arrangements with the European Union and Japan,…

Italian luxury sports carmaker Ferrari has raised its 2025 guidance despite the United States’ 15% tariffs on foreign car imports, as it unveiled the powertrain and chassis of its first fully electric production vehicle. Chief Executive Officer Benedetto Vigna said the Ferrari Elettrica will be delivered beginning late next year, with the full design to be revealed in spring 2025. He declined to disclose target production numbers or pricing details. Under Ferrari’s new five-year plan, the company’s product mix by 2030 will comprise 40% internal combustion engines, 40% hybrids, and 20% electric vehicles, with an average of four new launches…