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Mint
2 days ago
- Automotive
- Mint
Auto lobby Siam to revisit emission norms for small cars amid Maruti's protests
Indian car manufacturers are driving towards a compromise on recommendations to the government on fuel efficiency standards after Maruti Suzuki, the country's largest carmaker, demanded concessions on emission norms for small cars amid slowing sales. During a meeting of the industry lobby group Society of Indian Automobile Manufacturers (Siam) held on Friday in the national capital, a compromise was reached that the December submission of the industry sent to the government on the third edition of the so-called Corporate Average Fuel Efficiency (Cafe 3) norms will be retained, but with an additional proposal on possible relaxations for small cars as well as some light commercial vehicles, two people aware of the matter said on the condition of anonymity Representatives from member automakers like Maruti Suzuki India Ltd, Tata Motors Ltd and Mahindra and Mahindra Ltd, among others, agreed to refer the matter to the chief executive council of Siam, which will now deliberate on the technical details. While Maruti presented its case for a need to relax norms for small cars, other automakers provided a united opposition to the market leader at the meeting. After hard negotiations, the lobby group agreed to work on a proposal in the form of an addendum to the December submission, which will be incorporated if it gets accepted by all companies. Siam takes all its decisions by consensus. 'Now, all the members will study and come back with their suggestions on the addendum. There has been no clear timeline set, but the process should conclude soon," the first of the two persons cited earlier said. Queries sent to Siam remained unanswered till press time. Maruti Suzuki, which sells nearly every second car in India thanks to its portfolio of small and compact vehicles, has sought specific relaxation for cars weighing under a tonne in the upcoming Cafe 3 emission norms. This comes after all automakers, including Maruti, had sent the government a unanimous proposal in December for a uniform relaxation of emission norms for all carmakers. 'Siam would like to re-iterate that the proposed norms of BEE (Bureau of Energy Efficiency) are too aggressive and risk the sustainability of the Indian Auto Industry," the industry wrote in its December submission. Cafe 3 rules, set to take effect from April 2027, aim to slash the average carbon dioxide (CO2) emissions of new passenger vehicles. The proposed target is a fleet-wide average of 91.7 grams of CO2 per kilometre for a typical vehicle weighing around 1,170 kg. The proposed norms allow a comparatively higher CO2 emission target for heavier vehicles than lighter vehicles, which is being disputed by Maruti. Cafe 3 norms place a cap on the average carbon dioxide emissions of a carmaker's entire fleet, which is currently set at 113 grams per kilometre. Chairman of Maruti Suzuki RC Bhargava has publicly said the norms are punishing smaller cars and favouring bigger ones. Siam data shows that domestic sales in the mini segment (cars up to 3.6-metres in length) fell from 460,772 units in FY19 to 133,397 in FY25, a 71% decline. Maruti's sales in the mini segment fell from 368,990 units in FY19 to 125,770 units in FY25, a fall of 66%. Shailesh Chandra, president of Siam, and managing director of Tata Motors' passenger vehicles business, acknowledged during an industry event on 15 July that the view on December consensus of some players had changed. 'Of late, we have seen certain manufacturers have formed a different view (on Cafe-3)," Chandra said, adding that the December 2024 consensus was reached after months of deliberations among automakers. However, he struck a cautious note when asked whether the December consensus will be completely reworked. 'We will have to follow the process and basis that we can say if there is a change or not," he said. As per the two persons cited earlier, the industry has pushed for the retention of the consensus, which was reached after at least 6 months of negotiations among all the members of the automakers. After much deliberations, an agreement was reached on working on an addendum on relaxations as the government had asked for Siam's recommendations on the issue in June. The government has also asked its own agencies to study the issue. Mint reported on 10 July that the Bureau of Energy Efficiency, which is tasked with finalizing Cafe 3 and 4 norms, is studying the viability of easing these emission norms for small cars, the second person quoted above said.
Yahoo
2 days ago
- Automotive
- Yahoo
Your Guide to Buying a Hybrid Car or Truck in 2025
Hybrid vehicles—those combining an internal-combustion engine with one or more electric motors to power the wheels—come in all shapes and sizes. Folks seeking a fuel-efficient option are no longer limited to the Toyota Priuses and gas-sipping Hondas of the world, and even those models have come a long way from their humble beginnings a couple decades back. Regardless of whether or not you're specifically on the hunt for a gas-electric vehicle, chances are one or more will end up on your radar given the proliferation of this type of powertrain throughout the auto industry. We've created this guide to help shoppers of new and used hybrids understand their advantages, the differences between standard gas-electrics and plug-in models, new and used options, and any tax incentives that may be applicable. Why Consider a Hybrid? More and more models on the market today either offer a hybrid version or come only in gas-electric form. In the latter case, if that's the car you want, the decision to go hybrid is an easy one. If, however, you're deciding between gas-only and hybrid models, the choice may be more nuanced. Thanks to fuel-saving features such as regenerative braking and generally smaller, more-efficient engines that can call up an electric assist when needed, most hybrid vehicles use less fuel than comparable models, particularly when driving at lower speeds. On the other hand, at higher speeds, such as in our 75-mph highway fuel-economy test, hybrids tend to underperform their window-sticker value. Depending on how you drive, owning a hybrid has the potential to save you money at the pump and has benefits for the environment. But because of their more complex powertrains, hybrids tend to cost a little more upfront. That means it may take a few years to pay back the price premium. If you're not into math, the EPA's website offers a helpful comparison tool that will let you compare a hybrid vehicle with its nonhybrid counterpart, taking into account the prices of the two models, how many miles you drive annually, what portion of your driving is in the city, and the price of fuel. It will then spit out a personalized payback period that you can use to help decide. For instance, comparing a 2025 Kia Sportage EX AWD hybrid with the nonhybrid version and leaving the default values alone—15,000 miles per year, with 55 percent of them in the city, at $3.21 per gallon—shows that the $1300 price premium of the hybrid model would take two years to repay. Drive more miles per year, and the payback will happen sooner. Using less fuel and the accompanying monetary savings aren't the only reasons to opt for a hybrid, however. Hybridized sporty cars prioritize increased output over saving fuel. Examples include monster-power options from Mercedes-AMG and Bentley, as well as the plug-in Ferrari SF90. If you're looking for a hybrid pickup truck or SUV, it's a similar story with some models, such as many from Toyota, that get gas mileage that's equivalent compared to those of the nonhybrid powertrains they replace but yield more output. So a hybridized four-cylinder can make more power and torque than an unassisted V-6 engine without burning more fuel. Standard Hybrids vs. Plug-Ins Assuming you're open to a gas-electric powertrain, you may have one more decision to make. Within the hybrid category are two major sub-types: standard hybrids, which get their power solely from liquid fuel, and plug-in hybrids, which have larger onboard batteries that can be juiced by an external source, much like an EV. Plug-ins, or PHEVs, can also drive substantially further on electric-only power (typically between 15 and 40 miles) than can regular hybrids. Again, some models come only one way or the other, while popular vehicles such as the Toyota RAV4 can be had with either type of hybrid powertrain. Plug-ins tend to cost more due to their larger battery packs and more powerful electric motors, but they usually also outdo their standard-hybrid counterparts' fuel-economy ratings. You'll have to do the math to determine which makes more sense for you financially. Regarding charging, whether or not to go for a plug-in has more to do with where you park than how you drive. That high-capacity battery and charging port don't do you any good if you never make use of them. So if you street park or live in an apartment or condo that won't accommodate the installation of charging equipment, a plug-in probably doesn't make sense for you. But if you can plug in overnight at home or during your 9-to-5—preferably both—most if not all of your commute and daily errand-running may be covered by a plug-in's electric-only range. As long as you're not charging at pricey public stations, the cost per mile is much lower when running on electricity than gasoline. And unlike with an EV, a plug-in still has a fuel tank and gas engine to let you extend its comfortable range without having to worry about where to stop or how long it will take to refuel. New vs. Used Choosing between a brand-new or a pre-owned hybrid or plug-in often comes down to budget. Like any used vehicle, a hybrid depreciates—loses some of its value—over time, making the pre-owned route more affordable when comparing similar models. That said, hybrids sometimes hold their value better than nonhybrids. This brings us back to the payback calculation discussed earlier. You mileage and results may vary. We have separate guides on buying pre-owned and shopping for new vehicles that can help you decide, as well. There's also the option of a certified pre-owned vehicle for those who want the extra peace of mind that a longer warranty provides. Available Incentives Should you settle on a new or used plug-in hybrid, there may be some extra savings in your future. PHEVs with a battery capacity above 7 kWh and meeting some other requirements are eligible for a tax break. For new plug-ins, the price cap is an MSRP of $80,000 for trucks and SUVs, or $55,000 for cars; used PHEVs must sell for less than $25,000 to qualify. There are also household income limits for who can take advantage of these credits. The IRS spells everything out clearly in documents for new and used vehicles. Note that these tax breaks are set to expire on September 30, 2025. If you want to take advantage, you must purchase the vehicle by that date. Your state may offer additional incentives, so be sure to read up on those before making your selection. Whether your goal is to save fuel, save money, or maximize power, there's a new or used hybrid that's right for you. Follow our advice, and you'll get a good deal on the right gas-electric vehicle to suit your needs and wants. You Might Also Like Car and Driver's 10 Best Cars through the Decades How to Buy or Lease a New Car Lightning Lap Legends: Chevrolet Camaro vs. Ford Mustang!
Yahoo
4 days ago
- Automotive
- Yahoo
AutoNation Tops Second-Quarter Views Amid Higher Car Prices
AutoNation (AN) reported stronger-than-expected results for the second quarter on Friday as increase Sign in to access your portfolio
Globe and Mail
6 days ago
- Automotive
- Globe and Mail
Pre-Markets in Green Amid Trade Deal With Japan
Pre-market futures are up today, led by foreign auto companies — particularly those in Japan. A new trade agreement was announced that lowers tariffs on Japanese imported autos to +15% from the +27.5% recently slapped on by President Trump. Sweetening the deal is a reported $550 BILLION in investments and loans. Thus, we see this morning Toyota Motors TM up +14% in early trading, with Honda Motor Co. HMC +11%. Toyota had been saddled with a Zacks Rank #5 (Strong Sell) and Honda with a #4 (Sell), with double-digit earnings losses expected in quarterly reports early next month. EU automakers are hopeful for a similar deal, as we see companies like Stellantis STLA up +6% ahead of today's open. Thus, major indexes are up fairly robustly. The Dow is +240 points at this hour, +0.54%, while the S&P 500 — riding successive all-time closing highs — is +24 points, +0.38%. The Nasdaq is creeping higher, +24 points or +0.10%, while the small-cap Russell 2000 is leading the pack again: +19 points, +0.87%. Bond yields continue to quiet: +4.37% on the 10-year and +3.85% on the 2-year. Q2 Earnings This Morning at a Glance: T, NEE The big Q2 reports happen today after the market closes, but AT&T T posted modest beats on both top and bottom lines this morning in the telecom major's Q2 report. Earnings of 54 cents per share outperformed the Zacks consensus by 3 cents, with revenues of $30.85 billion up +1% from estimates, largely on improved subscriber sales in the quarter. Yet shares are down -2.5% in early trading, after gaining +20% year to date. NextEra Energy NEE also outpaced expectations by 3 cents on its bottom line, with earnings of $1.05 per share, even as revenues of $6.7 billion missed the Zacks consensus by -7.28%. However, steady guidance and a solid dividend yield are helping the stop stay afloat +0.4% in pre-market action. NEE is +8% year to date. What to Expect from the Stock Market Today After the opening bell, Existing Home Sales for June is due for release. Analysts expect a range-bound number where we've been the past few months, around 4 million seasonally adjusted, annualized units. Last time around, the Northeast, Midwest and South all saw sales growth from existing homes; only the West was negative. The median existing home sale price a month ago was $422,800. Also, major Q2 earnings reports are out after the close, headlined by Alphabet GOOGL and Tesla TSLA — two of the so-called 'Magnificent 7' stocks. Yet digging into these charts, we can see this is very much a tale of two disparate realities. While Alphabet expects higher than +13% earnings growth and better than +11% revenue gains, Tesla is expected to be down -25% on its bottom line and -12% on the top. GOOGL is riding a streak of 9-straight quarters beating earnings, while Tesla has missed in 6 of its last 8. We also expect to hear from IBM IBM, Southwest Airlines LUV, ServiceNow NOW and Las Vegas Sands LVS. We're now in the heart of Q2 earnings season, as we're hearing from multiple companies in multiple sectors on the same day (as opposed to big banks at the start of the cycle and retailers at the end). 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NextEra Energy, Inc. (NEE): Free Stock Analysis Report AT&T Inc. (T): Free Stock Analysis Report Toyota Motor Corporation (TM): Free Stock Analysis Report International Business Machines Corporation (IBM): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Las Vegas Sands Corp. (LVS): Free Stock Analysis Report Honda Motor Co., Ltd. (HMC): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report ServiceNow, Inc. (NOW): Free Stock Analysis Report Alphabet Inc. (GOOGL): Free Stock Analysis Report Stellantis N.V. (STLA): Free Stock Analysis Report
Forbes
02-07-2025
- Business
- Forbes
China Market Update: China To Address Auto Overcapacity & E-Commerce Competition
CLN Asian equities were largely higher overnight, led by Thailand, Pakistan, and Taiwan, while Japan underperformed and Hong Kong was closed for the Hong Kong Special Administrative Region (SAR) Establishment Day, which marks the handover of the territory to China by the UK following 156 years of colonial rule. Mainland China opened lower, but grinded higher on good volumes and mixed breadth. President Xi headed the Central Committee for Financial and Economic Affairs' sixth meeting, which was focused on several economic areas. The release states the government should 'govern the low-price and disorderly competition of enterprises in accordance with laws and regulations' and 'promote the orderly exit of backward production capacity'. This is aligned with recent government regulators' talk on addressing overcapacity in the auto industry. Coincidentally, the China Automobile Dealers Association's investor warning index increased +3.9% to 56.6%. Levels above 50 indicate auto dealers are holding high levels of inventory, which exposes them to liquidity risk. The statement may also be referencing the recent increase in E-Commerce competition. entered restaurant delivery and online travel by slashing prices and losing money in order to garner market share. While execution and implementation of this guidance will be important, it should be cheered by investors as it would raise profit margins. It would also address President Trump's and the EU's concerns on excess auto production. The release also referenced growing the marine industry, including offshore wind power, as electricity companies outperformed. Mainland healthcare stocks outperformed after the National Healthcare Security Administration and National Health Commission released "Several Measures to Support the High-Quality Development of Innovative Drugs". Real estate was off, as the China Index Academy announced that year-to-date (YTD) sales through June from the top 100 real estate 'enterprises' were RMB 1.8 trillion, which is down -11.8% year-over-year (YoY). June sales were off -18.5% YoY, though improved +1.2% from May. Construction companies underperformed today on the real estate release. Banks were higher, as investors are anticipating high dividend payments, based on high balance sheet cash positions. Aerospace was hit with profit-taking after recent outperformance. Semiconductors and software both underperformed, as well, though I did not see a negative catalyst. June new energy vehicle (NEV), a category that includes both electric vehicles (EVs) and hybrid electric vehicles, delivery figures were released this morning. The below is courtesy of CnEVPost: Tesla is increasing the price of its Model 3 in China to RMB 285,500 from RMB 275,500. Tesla China also announced the installation of V4 super chargers in several cities. Today's anniversary of the turnover of Hong Kong reminds me of how little is taught in the West of the Opium Wars and the colonial powers' invasion of China. I understand why, as it isn't that pretty. I did not know very much about it until joining KraneShares, where, out of curiosity, I educated myself by reading several books. I've included an image below of the Shanghai International Settlement flag that includes the colonial powers that owned a piece of Shanghai. It is something that might be worth examining as it explains an element of today's geopolitical Webinar Join us Thursday, July 10, at 11 am EDT for: $5 Trillion Humanoid Robotics Opportunity – Capitalizing On The Boom Please click here to register New Content Read our latest article: KraneShares KOID ETF: Humanoid Robot Rings Nasdaq Opening Bell Please click here to read Chart1 Chart2 Chart3 Chart4
