IPO-bound auto components maker Belrise Industries on Friday announced the acquisition of the Indian arm of Japanese firm H-One Co. The move is aimed at expanding Belrise’s design and manufacturing capabilities...
Lucid to acquire select Arizona-based Nikola facilities and assets
California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp. The transaction does not...
Volkswagen’s Scania buys bankrupt Northvolt’s heavy industry battery packs unit
Volkswagen’s truckmaker Scania said on Friday it had agreed to buy bankrupt Northvolt’s division that makes battery packs for heavy industry, reviving a transaction first presented in February, for an...
Remsons Industries acquires 51% stake in Astro Motors
Remsons Industries has announced the acquisition of Astro Motors, three wheeler electric vehicle manufacturing company. Astro Motors is engaged in the business of developing and manufacturing of electric vehicles for...
Tata Motors demerger, business split update: Shareholders to vote on May 6
Tata Motors has announced that it will convene a meeting of its equity shareholders on May 6, to vote on a proposed Composite Scheme of Arrangement involving the reorganization of its commercial and passenger vehicle...
Chinese automakers Dongfeng Motor and Changan Auto hold merger talks, NYT reports
Chinese automakers Dongfeng Motor and Chongqing Changan Automobile are in advance discussions to combine their operations, the New York Times reported on Tuesday, citing people with knowledge of the matter. The two...
TVS Motor Company Singapore arm divests stake in Ion Mobility
TVS Motor Company on Monday said its Singapore-based arm has divested its stake in Ion Mobility while acquiring identified assets from the latter for USD 1.75 million (nearly Rs 15 crore). TVS Motor (Singapore) Pte Ltd...
Renault buys Nissan’s 51% stake in India manufacturing unit
French auto major Renault on Monday said it will buy out its Japanese partner Nissan’s stake in their Indian joint venture — Renault Nissan Automotive India Private Ltd. Renault Group would own 100 per cent...
Tata AutoComp Systems to acquire 80% stake in Artifex
Tata AutoComp Systems Ltd on Sunday said it will acquire 80 per cent stake in Artifex Interior Systems Ltd, a part of the Jaguar Land Rover group, for an undisclosed sum. On completion of this transaction, Artifex, with...
Ashok Leyland denies reports of acquiring stake in SML Isuzu; says ‘factually incorrect’
Ashok Leyland Limited on Wednesday refuted recent media reports claiming that the company was in advanced negotiations to acquire the promoter’s stake in SML Isuzu from Japan’s Sumitomo Corporation. In an...
TVS Motor (Singapore) acquires balance 8.26% stake in The GO Corporation, Switzerland
TVS Motor (Singapore) (TVSM Singapore), the wholly owned subsidiary of TVS Motor Company, has today completed the acquisition of additional 8.26% of the share capital of The GO Corporation (GOAG), Switzerland from its...
Goldman Sachs acquires Samvardhana Motherson’s shares worth Rs 87 cr
Goldman Sachs on Tuesday bought shares of auto components major Samvardhana Motherson International for Rs 87 crore through an open market transaction. American multinational Goldman Sachs through its arm —...
