Auto components maker Sona Comstar on Wednesday announced signing definitive agreements with Japanese automotive technology provider DENSO Corporation to set up two joint ventures for electric and hybrid powertrain...
Automobile
Volkswagen eyes JSW lifeline in India as group weighs majority stake
Volkswagen AG is in advanced discussions with India’s JSW Group, said people familiar with the matter, as the German automaker seeks an ally to infuse fresh capital and bolster its local unit in the world’s third...
Toyota and Daimler to cut Archion stakes, selling shares worth up to $1.87 billion, Nikkei says
Toyota Motor and Daimler Truck will reduce their stakes in truckmaker Archion this month, selling shares worth 200 billion to 300 billion yen ($1.24 billion to $1.87 billion), the Nikkei daily business reported on...
CCI clears Honda’s proposal to acquire additional 21% stake in Astemo
The Competition Commission of India (CCI) on Tuesday approved Japanese automaker Honda Motor Co’s proposal to acquire an additional 21 per cent stake in automotive components manufacturer Astemo from Hitachi...
Board of Samvardhana Motherson approves acquisition of majority stake in Chinese entity
The Board of Directors of Samvardhana Motherson International at its meeting held on 17 June 2026 has, inter-alia, considered and approved the acquisition by SMR Automotive (Langfang) Co., (SMR Langfang), an indirect...
China’s SAIC to sell another 10% stake in Indian car venture to local partner JSW – sources
China’s SAIC Motor will sell a further 10% stake in its Indian carmaking venture, JSW MG Motor, two sources with direct knowledge of the matter told Reuters, in a deal that will make local partner JSW the biggest...
Chinese EV startup Xpeng in talks with Volkswagen to buy European factory, FT reports
Chinese electric vehicle startup Xpeng is in talks with Volkswagen and other automakers about buying a factory in Europe, the Financial Times reported on Wednesday. The development comes days after Volkswagen CEO...
Mercedes to sell seven Berlin dealerships to Canadian buyer
Mercedes-Benz has agreed to sell its seven Berlin dealerships to a Canadian investor, as part of efforts to sell off businesses in its dealership network, the German carmaker said late on Tuesday. Global Auto...
Bosch to acquire its vehicle motion business Bosh Chassis Systems India
Bosch Group’s flagship firm Bosch Limited on Wednesday said it intends to acquire 100 per cent of its vehicle motion business, Bosch Chassis Systems India, through a cash deal and issuance of equity shares on a...
VW’s Everllence sale is contingent on Porsche SE becoming co-investor, sources say
Volkswagen will make the sale of a majority stake in its Everllence subsidiary contingent on holding company Porsche SE becoming a co-investor of about 10% in the maker of large marine engines, two sources familiar...
Denso proposes to buy Rohm in deal that could reach $8.3 bln, Nikkei says
Japanese auto parts giant Denso has proposed to acquire all shares in chipmaker Rohm in a deal that could reach as much as around 1.3 trillion yen ($8.26 billion), the Nikkei business daily said on Friday. The deal...
Shriram Pistons raises Rs 1,000 crore for Antolin buy
Auto components maker Shriram Pistons and Rings (SPRL) has raised Rs 1,000 crore from a group of mutual fund investors to fund its Rs 1,670-crore acquisition of the local entities of Spanish company Groupo Antolin...
