Weekly News Wrap: Hyundai Maps 26-Model India Push, Ather Goes Mainstream, JSW MG Targets 1 Lakh Sales

Toyota Vietnam received approval for a $283M project in Phu Tho, including electrified vehicles. Vietnam's Ministry of Finance proposed a fintech sandbox for 1,000 investors. FLC Group increased capital by 50% to $510M. Vietnam and Mercosur concluded first PTA negotiation round.

Toyota reported a 4.8% year-on-year decline in global sales to 856,125 vehicles in July, with production falling 2.1% to 828,629 units. Sales in China dropped 24.3% for the sixth consecutive month, while US sales decreased 0.8% and Middle East sales plunged 44.5%.

Toyota reported a 4.8% global sales decline in July to 856,125 vehicles, with production down 2.1%. China saw a 24.3% drop, while the U.S. fell 0.8% and the Middle East plummeted 44.5%. Japan's sales rose 11.0%, and exports increased 10.2% to 196,000 vehicles, the highest since October 2023.

Toyota's FAW-Toyota joint venture launched the updated 2027 bZ5 electric SUV in China, priced from 129,800 yuan to 199,800 yuan ($19,500 to $30,000), with limited-time discounts starting at 109,800 yuan ($16,500). The SUV features advanced technology, including Momenta 6.0 for intelligent assistance, and offers up to 630 km of range. Despite being half the price of a Tesla Model Y, bZ5 sales have declined, with 529 units sold in August 2025, down 64% from July 2025.

U.S. President Trump announced a 50% tariff on Canadian vehicles, parts, and trucks, effective January 1, doubling the current 25% rate. Automakers like Ford, GM, Stellantis, Toyota, and Honda face higher costs on key models. Canadian-built vehicles made up 6% of U.S. sales in 2025, per Barclays. Industry executives hope for a deal before the deadline, as tariffs could disrupt the U.S. automotive supply chain.

U.S. President Trump imposed 50% tariffs on Canadian vehicles and auto parts, effective January 1, doubling previous 25% tariffs. Automakers like Ford, GM, Stellantis, Toyota, and Honda face added costs on key models. Canadian-built vehicles account for 6% of U.S. sales, per Barclays. Industry executives hope for a deal before the deadline.