Peugeot maker PSA and Fiat Chrysler (FCA) said on Monday they had restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost cutting during the continuing pandemic...
Suzuki Motor ups stake in Maruti to 56.37%, buys 284,322 equity shares
Japanese auto major Suzuki Motor Corporation (SMC), has increased its stake in Indian subsidiary Maruti Suzuki to 56.37% by purchasing shares from the market. Prior to the transaction, Suzuki held a 56.28 per cent stake...
Investors cheer as GM, Nikola join forces to build electric trucks
General Motors Co and electric truck startup Nikola Corp will join forces to build electric pickup trucks and fuel cell commercial trucks to take on Tesla Inc, in a deal that lifted shares in both companies on Tuesday...
VW not seeking a deal with Tesla, CEO Diess says
Volkswagen’s Chief Executive Herbert Diess on Monday sought to quell speculation that the world’s largest carmaker, which is on a mass production push for electric cars, has plans to develop deeper ties with...
Tata Sons Pvt Ltd buys Tata Motors DVR ‘A’ Ordinary shares for ₹30 crore
Tata Sons Pvt Ltd promoter of Tata Motors bought 5.32 million of its DVR ‘A’ ordinary shares for ₹30 crore in an open market transaction. According to the bulk deal data on NSE, Tata Sons acquired 53,02,681...
TVS Motor Company invests ₹30 cr in electric vehicle start-up
TVS Motor Company has invested an additional ₹30 crore in electric vehicle start-up Ultraviolette Automotive Pvt Ltd. The Chennai-based firm’s fresh investment is part of Ultraviolette Automotive’s latest...
Mahindra ties up with Israel’s REE Automotive to develop commercial EVs
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...
