German classifieds group Scout24 has attracted interest in its autos unit AutoScout24 from used-car dealing platform Auto1 as well as from several private equity firms, people close to the matter said. Scout24, yielding...
Volkswagen completes merger of three Indian units
German automobile manufacturer Volkswagen Group has completed the merger of its three Indian subsidiaries, as part of its efforts to arrest falling sales and revenue by saving incremental costs, utilising combined...
Mahindra set to take control of Ford’s India auto business
Ford Motor Co has agreed to move most of its assets in India into a joint venture with Mahindra and Mahindra after its two-decade-old effort to gain a sizeable market share in the world’s fourth largest car market did...
Volkswagen India to merge all subsidiaries under single company
If the Skoda range of cars was the first brand the Volkswagen Group saw winning the favour of customers in India when it first launched in 2001, it is making no mistake about using the same established benchmark to...
Ford to transfer struggling India business to joint venture with Mahindra
Ford Motor Co. is set to transfer most of its assets in India to a joint venture with Mahindra & Mahindra Ltd. after failing to make meaningful inroads for more than two decades in the world’s fourth-largest...
Toyota to boost Subaru stake to more than 20%: sources
Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan’s top automaker, two people with direct knowledge of the matter...
BMW should buy Jaguar Land Rover from Tata Group, Bernstein says
We need to talk about Jaguar Land Rover. That’s the message from Sanford C. Bernstein analysts, who say BMW AG should buy the British luxury brand from India’s Tata Motors Ltd. “BMW is overcapitalised and awash with...
Tata Motors partners location tech provider what3words for navigation services
Tata Motors on Tuesday said it has tied up with location technology provider what3words for navigation services in its cars. The partnership will enable drivers to enter a three-word address by voice or text input and...
Hero Cycles ties up with Yamaha Motor to launch Lectro e-cycle series
Hero Cycles on Tuesday said it has partnered with Japan’s Yamaha Motor Co to launch Lectro e-cycle series. Priced at Rs 1.30 lakh, Lectro EHX20 is a high performance e-cycle powered by Yamaha, the company said. The...
CNH Industrial considers spin-off of Iveco truck unit: source
Italian-American industrial vehicles maker CNH Industrial is considering a possible spin-off of its truck unit Iveco as part of a wider reorganization plan, a source with knowledge of the matter said on Thursday. The...
Toyota pulls Suzuki firmly into its orbit through stake deal
Toyota Motor Corp and Suzuki Motor Corp will take small equity stakes in each other, the Japanese car makers said on Wednesday, as they seek to develop newer technologies and meet sweeping changes upending the global...
Pawan Munjal to plug into Ola Electric
Pawan Munjal might be the next big investor after Ratan Tata to invest in Ola Electric. Billionaire Pawan Munjal, chairman of Hero MotoCorp Ltd—India’s largest two-wheeler maker by sales—is in advanced talks to invest...
