Sajjan Jindal-led conglomerate JSW Group is in talks with MG Motor India to pick up stake in the automobile company, according to sources. The steel-to-sports group is also exploring purchase of stake in BYD India, they...
Kuwait Investment Authority cuts stake in Mercedes-Benz
Kuwait’s sovereign wealth fund, Mercedes-Benz’s third-largest shareholder, is planning to reduce its stake in the German luxury carmaker via the sale of 20 million shares, according to book runners. At price...
Uno Minda to acquire 81.69% stake in Kosei Minda Aluminium, 50% stake in Kosei Minda Mould
Auto components maker Uno Minda Ltd said its board has approved the acquisition of a 81.69 per cent stake in Kosei Minda Aluminium and a 49.90 per cent stake in Kosei Minda Mould from JV partner Kosei, Japan. The move...
Mahindra fully acquires MITRA Agro Equipments
Mahindra & Mahindra said it has fully acquired MITRA Agro Equipments Pvt Ltd for an undisclosed amount. The company’s Farm Equipment Sector (FES) has increased its stake in MITRA Agro Equipments Pvt Ltd (M.I.T...
Samvardhana Motherson to acquire Fritzmeier Motherson Cabin for ₹110.7 cr
Samvardhana Motherson International Ltd (SAMIL) announced that the board has approved the acquisition of remaining 50 per cent stake of Fritzmeier Motherson Cabin Engineering Private Limited from F Holdings GmbH...
Hyundai inks deal to acquire GM India’s Talegaon manufacturing facility
Korean auto major Hyundai Motor said it has signed a term sheet for potential acquisition of General Motors’ manufacturing facility at Talegaon in Maharashtra. “The term sheet covers the proposed acquisition...
Hyundai Motor’s India unit to buy plant from General Motors
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...
