TVS Motor Company on Monday said its Singapore-based arm has increased stake in the Germany-based electric mobility products and components start-up Killwatt GmbH to 49 per cent with the acquisition of an additional...
Bajaj Auto enhances stake in Yulu Bikes with Rs 45.75 cr investment
Bajaj Auto on Thursday said it has invested an additional Rs 45.75 crore in the electric bike-sharing platform Yulu Bikes. Post the fresh investment, the company’s shareholding in Yulu Bikes stands at 18.8 per...
CCI approves Minda Corporation’s proposed 8.79% stake purchase in Pricol
The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation’s proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing auto components...
Mercedes-Benz sells stake in Russian truckmaker Kamaz
Mercedes-Benz Group has sold its stake in Russia’s largest truckmaker, Kamaz, becoming the latest Western company to complete its withdrawal from Russia following the country’s 2022 invasion of Ukraine. The...
CCI approves JSW’s acquisition of up to 38% stake in MG Motor India
The Competition Commission of India (CCI) has given its approval for Sajjan Jindal-promoted JSW Group’s proposed acquisition of up to 38 per cent stake in MG Motor India. “The Acquirer is a newly...
Volvo eyes sale of Arquus to John Cockerill, takes $87 mln hit
Sweden’s Volvo said it had signed an option agreement to sell its Arquus defence unit to John Cockerill Defense, and would book a fourth-quarter operating loss from the deal of some 900 million Swedish crowns ($87...
Bahrain’s Mumtalakat says McLaren shareholders approve full recapitalisation
Bahrain’s sovereign wealth fund Mumtalakat said that luxury automaker McLaren Group’s shareholders have approved a full recapitalisation of the group. The recapitalisation will introduce a simplified share...
Hero MotoCorp to buy additional 3% stake in Ather Energy for up to ₹140 crore
Hero MotoCorp announced that it will purchase of additional shares of Ather Energy Pvt. Ltd., an associate company, from an existing shareholder. Ather, an existing Associate company of Hero MotoCorp Limited (HMCL), is...
Toyota to sell entire stake in Japan’s Harmonic Drive Systems – filing
Harmonic Drive Systems, a Japanese maker of speed reducers, said on Wednesday that Toyota Motor will sell its entire stake in the company in the open market overseas. The move could fan hopes among investors that Toyota...
Luxor Capital buys UK assets of bankrupt electric truck maker Volta Trucks
The UK business and assets of Volta Trucks have been sold to a new unit of hedge fund Luxor Capital, which had invested heavily in the electric truck maker, the bankrupt company’s administrators said on Friday...
JSW Group to acquire 35% stake in MG Motor India
Sajjan Jindal-promoted JSW Group inked an agreement with China’s SAIC Motor to acquire 35% stake in Indian subsidiary MG Motor India to jointly run automobile operations in the country. As per the agreement reached...
Maruti gets nod from shareholders to fully acquire Suzuki Motor Gujarat
Maruti Suzuki India on Saturday said its shareholders have approved the proposal to issue shares on a preferential basis to Suzuki Motor Corporation (SMC) as consideration for a related party transaction for the...
