Mahindra & Mahindra (M&M) on Wednesday said it has inked a pact with Tel Aviv-based REE Automotive to explore production of electric commercial vehicles. The Mumbai-based firm has signed a memorandum of...
HAAH Automotive bid for SsangYong is likely to give entry to China’s Chery
Amidst growing speculation that HAAH Automotive Holdings, a U.S. automobile distributor is in the final process of preparing a binding bid for SsangYong Motors early next month, the deal is likely to give China’s Chery...
Maruti Suzuki ties up with start-up hub in IIM-B for mobility solutions
Maruti Suzuki India (MSI) on Thursday said it has joined hands with the startup hub and incubation centre at the Indian Institute of Management, Bangalore (IIMB) to spearhead innovations in the mobility space. The...
Tata may sell stake in JLR, UK steel plant as talks with British govt fail
With Tata Group’s talks with the British government on a financial rescue package failing, the conglomerate has to look for a strategic partner for Jaguar Land Rover (JLR) and sell its UK steel plant lock, stock, and...
VECV acquires Volvo India’s bus business for ₹100 crore
Volvo Eicher Commercial Vehicles Ltd (VECV), a subsidiary of Eicher Motors Ltd, acquired Volvo Bus India, a division of Volvo Group India Pvt. Ltd, for ₹100.5 crore, the two companies announced on Thursday. The company...
Goldman Sachs Singapore PTE sells TVS Motor shares worth ₹148 cr
Goldman Sachs Singapore PTE on Monday sold 0.75% stake in TVS Motor Company for ₹148 crore, through open market transactions. The bulk deal data available with the BSE showed that Goldman Sachs Singapore PTE sold 3.55...
Global cos eyeing SsangYong stake as Mahindra looking to scale down role in loss-making biz
Several global auto companies are said to be in the running for a minority stake in SsangYong Motor Co, the ailing South Korean subsidiary of Mahindra & Mahindra. The Indian conglomerate is looking to scale down its...
M&M eyes strategic partnership in EV biz, no Covid impact on launch plans
Homegrown auto major Mahindra and Mahindra (M&M) is looking for strategic partners for its electric vehicles business in order to further scale it up, a top company official said on Friday. The auto major, which...
Russian regulator backs Hyundai purchase of GM plant in St Petersburg
Russia’s Anti-Monopoly Service said on Monday it had approved Hyundai’s possible acquisition of a General Motors factory in St Petersburg, the Interfax news agency reported. Hyundai’s Russian unit confirmed last month...
Hero Electric partners with Autovert Tech for subscription-based financing plans
Hero Electric on Thursday said it has partnered with fintech start-up Autovert Technologies for subscription-based financing plans for its electric two-wheelers. Under the partnership, Hero Electric customers can avail...
Italian State lender could buy Autostrade’s stake in IPO: source
Italian state lender Cassa Depositi e Prestiti (CDP) could buy a controlling stake in Atlantia’s motorway unit Autostrade in an initial public offering to allay investors concerns over the price of the asset, a source...
Hero MotoCorp invests Rs 84 cr in smart scooter maker Ather Energy
Hero MotoCorp, the world’s largest maker of motorcycles and scooters, announced a further investment of Rs 84 crore ($11 million) in Ather Energy on Friday, taking up its shareholding in the smart electric scooter start...
