Auto components major Samvardhana Motherson International Ltd on Monday said it has entered into talks to acquire the global wiring harness business of Nexans autoelectric GmbH at an enterprise value of 207 million...
Activist investor Elliott takes 5% stake in Toyota Industries, filing shows
Activist investor Elliott Investment Management has taken a 5.01% stake for 268 billion yen ($1.71 billion) in Toyota Industries, a group firm that Toyota Motor is hoping to buy out, a regulatory filing showed on...
Tata AutoComp completes acquisition of IAC Sweden; entity rebranded as Artifex Systems AB
Tata AutoComp Systems on Tuesday said it has completed the acquisition of European automotive component manufacturer IAC Sweden and rebranded the entity as Artifex Systems AB. This will strengthen Tata AutoComp’s...
Bajaj Auto completes majority acquisition of KTM after regulatory nod
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...
