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...
Chinese automaker Chijet to go public in U.S. via $2.6 bln SPAC merger
Chinese automaker Chijet Motor Co has agreed to go public in the United States through a merger with a blank-check vehicle Deep Medicine Acquisition Corp in a deal valued at $2.55 billion, the companies said on...
NCLT orders liquidator of steel cos to admit TVS Motor’s claim
Shares supplied by the promoter in an official capacity as security for a loan makes the lender a secured creditor ruled the bankruptcy court in a petition filed by two-wheeler maker TVS Motor Company Ltd against the...
GM deal to sell Talegaon plant to China’s Great Wall Motor collapses
General Motors’ deal to sell its Talegaon plant to China’s largest SUV maker Great Wall Motor has fallen through. The maker of Chevrolet will now start scouting for potential suitors as the term sheet for the exclusive...
Tata Motors partners with Japan’s Renesas to develop chip solutions
Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets...
M&M wants EV arm under its roof for value chain efficiency
Mahindra & Mahindra, India’s leading utility vehicle maker is seeking approval from the National Company Law Tribunal for a merger of Mahindra Electric Mobility Ltd to itself – i.e. Mahindra & Mahindra Ltd...
EV maker Electric Last Mile Solutions files for bankruptcy
U.S. commercial electric vehicle maker Electric Last Mile Solutions Inc (ELMS) said it is planning to file for Chapter 7 bankruptcy, after a review of its products and commercialization plans. The move comes after the...
