Nissan Motor Co Ltd is pressing French partner Renault SA to cut its stake in the Japanese automaker as much as possible, ideally to 15%, and may consider raising funds to buy back the shares, a source familiar with the...
RattanIndia to buy electric motorcycle maker Revolt
RattanIndia Enterprises Ltd said it was buying the stake it did not already own in electric motorcycle maker Revolt Motors, at a time when eco-conscious consumers are turning to alternatives to conventional vehicles...
Libra Group unit acquires German tanker firm in shipping expansion
A subsidiary of global private business group Libra has acquired German tanker company Carl Büttner Holding (CB) for close to $160 million, the unit said on Monday in its latest expansion into shipping. Lomar –...
FPT Industrial to acquire minority stake in Blue Energy Motors
Truck maker Blue Energy Motors on Wednesday said FPT Industrial, a part of the Iveco Group, will acquire a minority stake in it for an undisclosed sum. The two firms have entered into a strategic tie-up, under which...
Harley-Davidson spins off LiveWire in $1.8 billion SPAC merger
Harley-Davidson Inc spun off its electric motorcycle division LiveWire in a SPAC deal creating the first publicly traded electric motorcycle company in the United States. New shares of LiveWire Group Inc, Harley...
M&M to acquire Swaraj Engines’ 17.41% stake from Kirloskar Industries
Mahindra & Mahindra(M&M) Ltd on Tuesday said it will acquire an additional 17.41 per cent stake in Swaraj Engines Ltd from Kirloskar Industries Ltd (KIL) for Rs 296 crore. The acquisition will result in...
Bharat Forge unit Kalyani Powertrain forms JV with Harbinger Motors
Auto components major Bharat Forge said its unit Kalyani Powertrain has joined hands with US-based Harbinger Motors to form a joint venture focused on developing electric drivetrain solutions for the commercial vehicle...
Nissan to acquire automotive battery firm Vehicle Energy Japan
Japan’s Nissan Motor Co said it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker’s biggest shareholder. Nissan added that after the acquisition of...
LIC offloads 2% stake in Mahindra & Mahindra for Rs 2,222.49 cr
Life Insurance Corporation (LIC) said it has sold 2 per cent of its shareholding in automaker Mahindra & Mahindra for about Rs 2,222.49 crore. The shares were sold through open market transactions during the period...
Tata Motors to buy Ford Gujarat plant for Rs 750 crore
Tata Motors is set to sign a definitive agreement with Ford Motor Co. to acquire its plant in Sanand, Gujarat. The announcement could come as early as Monday, said people in the know. The homegrown car maker will pay Rs...
Ashok Leyland inks pact with Adani Capital
Hinduja Group flagship Ashok Leyland has inked a strategic partnership with Adani Capital to offer customised financial solutions for its customers in the small and light commercial vehicles segments, the city-based...
DHL files lawsuit at NCLT against Eicher Motors
DHL has filed a lawsuit against Royal Enfield’s manufacturer Eicher Motors at the National Company Law Tribunal (NCLT) over a payment dispute, according to sources briefed on the matter. DHL has claimed that in...
