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IOL News
6 hours ago
- Automotive
- IOL News
Honda reveals sleek new Prelude coupe in final production form
Honda is bringing some nostalgia back to its line-up with the reintroduction of the Prelude coupe. The Japanese firm has pulled the covers off the production version of its new two-door, and its design remains painstakingly faithful to the prototypes that have been shown at various motor shows around the world since 2023. Its exterior design, Honda says, was inspired by a glider, and designed to evoke a sense of gliding gracefully through the air, but at this stage, there is no word on how powerful it is. We do know that it will feature an evolution of Honda's e:HEV hybrid system, also featured in the latest Civic, where it produces 135kW and 315Nm in 2.0-litre form.
TimesLIVE
24-07-2025
- Automotive
- TimesLIVE
European car sales slump in June as carmakers' woes deepen
By the numbers Sales in the EU, Britain and the European Free Trade Association fell 5.1% in June from a year earlier, to 1.24-million cars, ACEA data showed. Registrations at Volkswagen, Renault, Stellantis and Hyundai dropped 6.1%, 12.3%, 0.6% and 8.7%, respectively. Tesla's sales were down 22.9%, and its market share contracted to 2.8% from 3.4% a year ago. The share of brands not accounted for by the ACEA, including BYD and other Chinese carmakers, more than doubled to 4.5%. In the EU, total car sales fell 7.3% year on year, even as registrations of battery electric (BEV), hybrid electric (HEV) and plug-in hybrid (PHEV) cars rose 7.8%, 41.6% and 6.1%, respectively. The three types of electrified vehicles accounted for 59.8% of EU passenger car registrations in June, up from 50% a year earlier. Overall sales in Germany, France and Italy fell 13.8%, 6.7% and 17.4%, respectively, while they rose 6.7% in Britain and 15.2% in Spain. 'While drivers clamour for cleaner, cheaper cars, dynamic new brands are stepping up to fill the gap left by some incumbents who have been too slow to give the customers what they want,' said Ben Nelmes, founder of EV data analysis firm New AutoMotive.
The Sun
16-07-2025
- Automotive
- The Sun
MAA: xEV penetration in Malaysia set to reach 9.6% by end of this year
KUALA LUMPUR: The penetration of xEVs in Malaysia is projected to reach 9.6% by the end of this year, driven by the launch of new models and increased consumer interest. Malaysian Automotive Association (MAA) president Mohd Shamsor Mohd Zain said xEVs accounted for 8.6% of total vehicle sales in the first half of 2025. 'We've already achieved around 8.6% xEV penetration in the first half of the year. We're projecting to close the year at approximately 9.6%, supported by the introduction of new models,' he said in a press conference today. xEV is a collective term for all types of electric vehicles, including hybrid electric vehicles (HEV), plug-in hybrid electric vehicles, battery electric vehicles and fuel-cell electric vehicles. However, Mohd Shamsor cautioned that if EV-related subsidies are discontinued, the industry could see a spike in last-minute purchases towards the end of the year, followed by a prolonged slowdown. 'In the long run, the outlook would be very bearish,' he warned. Mohd Shamsor drew parallels to the introduction of HEV about 15 years ago. 'They essentially disappeared from the market for a period until manufacturers developed local assembly capabilities,' he said, adding that local production requires significant planning and cannot be implemented overnight. 'This is why we're advocating for a longer-term, consistent policy direction,' he emphasised. Commenting on the potential removal of RON95 fuel subsidies, Mohd Shamsor said it could have a similar impact on the auto industry as the earlier adjustments to diesel subsidies. 'On the flip side, it could also prompt more serious consideration of hybrids and EVs.' Mohd Shamsor also addressed the current wave of heavy discounting in the domestic car market. 'Discounting may help in the short term, but it's not healthy in the long run, especially for consumers,' he said. Excessive discounts reduce vehicle resale values, affecting early adopters the most, according to him. 'It creates an unsustainable sales environment. Promotions are necessary to attract buyers, but they shouldn't be overdone,' he said. Currently, fully imported EVs enjoy import and excise duty exemptions until December this year, while locally assembled EVs benefit from additional tax incentives until 2027. EV owners are also exempt from road tax until the end of 2025, with further incentives offered for home charging infrastructure and industry investments. However, many of these incentives are approaching their expiry, and the MAA is urging the government to extend them to maintain industry momentum. 'We're hopeful that the current subsidies and incentives will be continued. This would allow the industry to plan and support the government's goal of achieving 15% EV penetration by 2030,' Mohd Shamsor said.
Business Recorder
04-07-2025
- Automotive
- Business Recorder
Sazgar records ‘second-highest' 4-wheeler sales in June 2025
The Sazgar Engineering Works (SAZEW) reported on Friday that it had sold 1,349 units of its 4-wheelers in June 2025, a number that a local research house said was the company's second highest in a month. The company anticipated in March 2025 that the demand for automobiles would boost in the wake of economic stabilisation and reduced interest rates in Pakistan. SAZEW rolled out its first four-wheeler in August 2022 in Pakistan under a joint venture with Great Wall Motor (GWM) of China. Sazgar Engineering profit jumps 105% to Rs6.23bn in 3QFY25 According to a notification SAZEW sent to the Pakistan Stock Exchange (PSX), its sales in the month of June were notably higher compared to production of the vehicles reported at 985 units in the month under review. In a brief commentary, Topline Research said, 'SAZEW records second highest 4-wheeler sales in June 2025'. The sales hit 1,349 units in June 2025, surging by 47% compared to the previous month of May. The sales jumped 2.55-time in June compared to the same month of the last year. With this, the company's sales doubled in a year, rising to 10,844 units in FY25 compared to FY24, according to the research house. The company sold 2,435 units of 3-wheelers in June 2025 that remained significantly high compared to the production of 1,420 units of the vehicle in the month, according to the notification. According to the third quarterly financial statement of the company of March 2025, it sold a total of 8,313 units of 4-wheelers in the first nine-month (Jul-Mar) of FY25 that were 159% higher compared to 3,205 units sold in the same period of FY24. 'Auto sector is gradually recovering and progressing towards higher sales volume in line with economic stabilisation. Lower interest rates are expected to boost the auto financing and demand of vehicles in the country,' financial statement read. Sazgar plans NEV rollout by FY26, ups CapEx to Rs11.5bn At present, SAZEW is marketing around six cars including a hybrid electric vehicle (HEV) Haval at present in Pakistan. It is expected to roll out NEV [New Energy Vehicles] into the Pakistani market in the latter part of FY26, as the automaker announced to raise the capital expenditure (CapEx) of its NEV facility by 155%. On Friday, Sazgar's share price hit an intra-day high at Rs1,248.85/share from opening at Rs1,172/share. It, however, closed at Rs1,192.32 on the close of the trading session, limiting day-to-day gains at Rs28.87 or 2.48%.
Time of India
26-06-2025
- Automotive
- Time of India
Tesla's European sales slump for fifth month
HighlightsTesla's new car sales in Europe fell by 27.9% in May 2023 compared to the same month last year, while fully-electric vehicle sales in the region increased by 27.2%. Tesla's European market share dropped to 1.2% in May 2023 from 1.8% in May 2022, as customers increasingly turn to cheaper Chinese electric vehicles. Despite a 1.9% increase in overall car sales in Europe, the European market saw significant growth in plug-in hybrids and alternative fuel vehicles, with registrations of battery-electric vehicles rising by 26.1%. Tesla 's new car sales in Europe fell 27.9% in May from a year earlier even as fully-electric vehicle sales in the region jumped 27.2%, with the US EV maker's revised Model Y yet to show signs of reviving the brand's fortunes. Overall car sales in Europe rose 1.9%, with the strongest growth coming from plug-in hybrids and cars powered by alternative fuels, data from the European Automobile Manufacturers Association (ACEA) showed. Why it's important Tesla's European sales have now fallen for five straight months as customers switch to cheaper Chinese EVs and, in some cases, protest against Tesla CEO Elon Musk's politics. Tesla's European market share dropped to just 1.2% in May from 1.8% a year ago. The revised Model Y is meant to revamp the company's ageing model range as traditional automakers and Chinese rivals launch EVs at a rapid pace amid trade tensions. Chinese manufacturers kept up their strong growth in Europe last month despite EU tariffs on Chinese EVs, selling 65,808 cars and doubling their market share to 5.9%, according to separate data released Tuesday by Jato Dynamics. BYD registered nearly as many vehicles as Tesla in May, after outselling it in April. By the numbers May new car sales in the European Union, Britain and the European Free Trade Association rose to 1.11 million vehicles, following a 0.3% dip in April, ACEA data showed. Registrations at Chinese state-owned SAIC Motor and Germany's BMW rose 22.5% and 5.6% respectively, while they fell 23% at Japan's Mazda . In the EU alone, total car sales have fallen 0.6% so far this year. That comes despite growing demand for EVs, with registrations of battery-electric (BEV), plug-in hybrid (PHEV) and hybrid-electric (HEV) cars rising 26.1%, 15% and 19.8% respectively. EU sales of BEVs, HEVs and PHEVs combined accounted for 58.9% of passenger car registrations in May, up from 48.9% in May 2024. Among the largest EU markets, new car sales in Spain and Germany rose 18.6% and 1.2% respectively, while in France and Italy they dropped by 12.3% and 0.1%. In Britain, registrations were up 1.6%.
