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Passenger vehicle sales volume in India is expected to grow at a moderate pace of 4-7 per cent in FY26 with most demand drivers remaining neutral or favourable, according to ratings agency Icra. As for two-wheelers, Icra said it estimates the industry volumes to grow at a healthy pace of 6-9 per cent in FY26, following an estimated 11-14 per cent growth in FY25. Passenger vehicle (PV) industry volumes reached an all-time high of 4.2 million units in FY24. In year-to-date (YTD) FY25, wholesale volumes remained stable led by steady production by automobile manufacturers but the industry volume growth has been modest at about 2 per cent against the backdrop of waning replacement demand and high inventory levels, Icra said in a statement. Healthy retails have helped moderate dealer inventory holding in the past few months. Nonetheless the inventory continues to be moderately high, it added. "The industry's growth in FY2025 is expected at 0-2 per cent. Most of the demand drivers for th
US regulators have opening an investigation into 2.6 million Tesla after reports of crashes involving the use of company technology that allows drivers to remotely command their vehicle to return to them, or move to another location, using a phone app. The National Highway Traffic Safety Administration also said Tuesday that Tesla has failed to report any of the accidents. Tesla is under order to report crashes on publicly accessible roads involving vehicles being operated through its autonomous driving technology. The new investigation follows another probe launched in October looking into the company's Full Self-Driving system after getting reports of crashes in low-visibility conditions, including one that killed a pedestrian. That investigation covers 2.4 million Teslas from the 2016 through 2024 model years. Tesla did not respond to a request for comment from The Associated Press on Tuesday. One driver filed a complaint after a crash while using Tesla's Actually Smart Summon .
Kyle Vogt has resigned as CEO of Cruise, General Motors' autonomous vehicle unit, as questions build about the safety of self-driving cars. Vogt's decision to step down, announced late on Sunday, follows a recent recall of all 950 Cruise vehicles to update software after one of them dragged a pedestrian to the side of a San Francisco street in early October. The California Department of Motor Vehicles revoked the license for Cruise. The company earlier announced it had paused operations for a review by independent experts. The results of our ongoing reviews will inform additional next steps as we work to build a better Cruise centred around safety, transparency and trust, the company said in a statement. We will continue to advance AV technology in service of our mission to make transportation safer, cleaner and more accessible. Cruise won approval to transport fare-paying passengers last year. Since then, the autonomous vehicles have drawn complaints for making unexpected, ...