Bajaj Auto Ltd has completed its acquisition of a majority stake in Austrian motorcycle maker KTM AG, after receiving the final approval from European regulators for its €800-million deal. The company confirmed the...
NCLT approves merger scheme of Suzuki Motor Gujarat with Maruti Suzuki India
The National Company Law Tribunal (NCLT) has approved the scheme of amalgamation, in which Suzuki Motor Gujarat is being merged with its parent entity, Maruti Suzuki India, the country’s largest carmaker. A two...
TVS Motor to sell stake in Rapido for Rs 288 cr
TVS Motor Company on Thursday announced that it has entered into agreements to divest its stake in bike-taxi aggregator Rapido for Rs 287.93 crore. The two- and three-wheeler manufacturer has signed agreements with...
Mahindra and Mahindra sells entire stake in RBL Bank for ₹678 crore
Mahindra and Mahindra (M&M) has sold its entire stake in lender RBL Bank for ₹678 crore, the automaker said in an exchange filing on Thursday, November 6. The sale comes days after the lender announced Emirates...
Bajaj Auto unit gets regulatory nod in Austria to take control over Pierer Mobility AG
Bajaj Auto on Friday said the Austrian Takeover Commission has approved its subsidiary’s acquisition of Pierer Mobility AG, the holding company of KTM AG. The commission ruled that Bajaj Auto International...
Gabriel India partners with South Korea’s SK Enmove to diversify product range
Auto components maker Gabriel India on Thursday said it has formed a joint venture with South Korea’s SK Enmove in order to diversify its product portfolio to include lubricants and engine oils. The strategic...
Mahindra Group weighs major restructuring; may spin off tractors, PVs & trucks into separate entities
Mahindra Group is evaluating the separation of its core businesses — tractors, passenger vehicles (including EVs), and trucks — into independent entities, in what could mark the conglomerate’s most significant...
Mahindra sells Sampo Rosenlew stake to TERA, enabling new growth pathways in Finnish market
Mahindra and Mahindra (M&M) on Monday announced that it has entered into a share purchase agreement with Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA) to sell its entire stake in Sampo Rosenlew Oy. Consequent...
NCLT okays demerger of TaMo’s PV, CV units
Tata Motors Ltd. on Friday secured approval from the Mumbai bench of the National Company Law Tribunal (NCLT) for its restructuring plan, paving the way for the demerger of its passenger vehicle (PV) and commercial...
TVS to acquire Italy’s Engines Engineering, sets up global centre of excellence in Bologna
TVS Motor Company on Thursday said it will acquire Italian automotive design and engineering firm Engines Engineering S.p.A., for a tad over 5 million euros (over Rs 50 crore) as part of its initiative of establishing a...
Temasek seeks to acquire minority stake in Nash Industries for $120-150 mn
Singapore’s state-owned investor Temasek Holdings is in talks to acquire a minority stake in auto components maker Nash Industries, which is seeking to raise $120-150 million from private equity investors...
Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows
Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period. The filing by Berkshire’s energy...
