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...
Automobile
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...
Tata Motors signs MoU for the potential acquisition of Ford India’s Sanand plant
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and the US car maker Ford India Private Limited (FIPL) have on Monday signed a Memorandum of Understanding (MOU) with the Government of...
Geely-backed auto SPAC deal revs up too fast
Li Shufu is in the fast lane again. Geely’s founder who is best known for buying Swedish carmaker Volvo has signed up for the largest listing of a company hailing from the People’s Republic through a special...
Tata Motors inches closer to acquiring Ford Sanand car plant, may pay $100-150 million
US car maker Ford India is set to sign a Memorandum of Understanding (MoU) this week with both the Gujarat government and Tata Motors to sell its Sanand plant. The MoU may be signed on Monday itself, the Times of India...
