The Indian arm of Hyundai Motor Co said it had signed a term sheet to buy General Motors Co’s plant in the western state of Maharashtra. The term sheet covers proposed acquisition of land and buildings, certain...
Schaeffler plans to sell Russia business to Austrian businessman
German auto supplier Schaeffler plans to sell its Russia business to its supervisory board member, the Austrian businessman Siegfried Wolf, a company spokesperson said on Friday. Schaeffler signed a contract on Dec. 29...
Tata Motors lines up suitors for stake in EV business
Tata Motors has begun discussions with sovereign wealth funds and private equity investors such as UAE-based Abu Dhabi Investment Authority (ADIA) and Mubadala Investment Company, Saudi Arabia-headquartered Public...
Lumax Auto Technologies signs pact to acquire majority stake in IAC International Automotive India
Lumax Auto Technologies on Monday said it has signed an agreement to acquire a majority stake in IAC International Automotive India from the International Automotive Components Group at an equity valuation of Rs 587...
Samvardhana Motherson Automotive signs pact to buy German firm for EUR 540 mn
Samvardhana Motherson Automotive Systems Group BV (SMRPBV) on Sunday said it has inked a pact to acquire Germany-based SAS Autosystemtechnik GmbH at an enterprise value of 540 million euros (around Rs 4,789 crore). The...
Germany’s Bosch to increase stake in Sweden’s Husqvarna to 12%
Bosch (ROBG.UL) has agreed to increase its shareholding in Sweden’s Husqvarna to roughly 12%, making it one of the biggest shareholders, in a move to strengthen their battery alliance, the German auto parts maker...
NCLT approves Mahindra Electric’s merger with Mahindra & Mahindra
The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the merger of Mahindra Electric Mobility with Mahindra & Mahindra. The proposed consolidation will bring the entire automotive value chain of...
RattanIndia Enterprises acquires EV maker Revolt Motors
RattanIndia Enterprises Ltd said it has completed the acquisition of Revolt Motors which is into manufacturing of electric vehicles. Now Revolt Motors has become a 100 per cent subsidiary of RattanIndia Enterprises Ltd...
Novelic buyout is a smart move for Sona BLW
Investors have cheered the entry of Sona BLW Precision Forgings Ltd into the sensor and software business. The auto component manufacturer plans to acquire a 54% stake in Novelic, a Serbian company focussing on...
Tata Motors acquires Ford India’s manufacturing unit in Gujarat
Tata Motors has completed the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary, the company informed on Tuesday. Last year, the company informed about the acquisition noting Tata...
Crane maker Tractors India dragged to NCLT
Bank of India has initiated insolvency proceedings against Kolkata-based commercial equipment manufacturer TIL (Tractors India) to recover its dues as previous recovery efforts have failed, people familiar with the...
Bharat Forge’s arm to acquire SEZ unit of Indo Shell Mould
Auto components maker Bharat Forge Ltd on Monday said its step-down subsidiary JS Auto Cast Foundry India will acquire the SEZ unit of Indo Shell Mould Ltd located at SIPCOT, Erode in Tamil Nadu for an undisclosed sum...
