Eicher Motors is planning to invest around Rs 8 billion in Royal Enfield and another Rs 5 billion in its commercial vehicle business. After exiting from the Eicher-Polaris joint venture, the company said its focus would...
Volkswagen remains open to partnerships in India for budget cars
Volkswagen AG signaled it remains open for a tie-up with another automaker in India, including Tata Motors Ltd., as the German manufacturer works on a strategy to bring affordable cars to millions of cost-conscious...
Nissan CEO says ‘no merit’ in merger with Renault: Nikkei
Nissan Motor Co Ltd’s (7201.T) chief executive dismissed the idea of merging the Japanese automaker with its alliance partner Renault SA (RENA.PA), emphasizing the importance of independence as the French government...
Mahindra Electric ties up with Meru for e-vehicle project
MahindraNSE 0.53 % Electric, part of the diversified USD 19 billion Mahindra Group and Meru, technology-enabled cab services company, today announced a collaboration for a pilot Electric Vehicle project here. According...
Kedaara Capital may buy Munjals’ Sunbeam Auto for Rs650 crore
Private equity fund Kedaara Capital Investment Managers Ltd is in final stages of discussions to acquire Rajasthan-based auto component maker Sunbeam Auto Ltd for $100 million (Rs650 crore), two people aware of the...
Nissan, Renault in talks to merge, create a new company
Renault SA and Nissan Motor Co. are in talks to merge and create a new automaker that trades as a single stock, people with knowledge of the matter said. A deal would end the current alliance between the companies and...
Tesla shareholder lawsuit against SolarCity deal set to proceed
A class action lawsuit by Tesla Inc (TSLA.O) shareholders against the electric car maker’s chief executive, Elon Musk, and the company’s board over the SolarCity deal was set to proceed after a Delaware judge refused to...
Kia Motors may bid for electric car tenders after it Andhra plant is operational
Kia Motors India Pvt. Ltd, a unit of Hyundai Motor Corp. of South Korea, is likely to participate in bids to supply electric vehicles (EVs) to the government once its manufacturing unit is commissioned in the Anantapur...
Hero MotoCorp hikes stake in Colombian JV to 68%
The country’s largest two-wheeler maker Hero MotoCorp on Thursday said it has increased stake in its Colombian joint venture to 68 percent. HMCL Netherlands BV, a wholly owned subsidiary of Hero MotoCorp, had...
Majority of French back selling state assets in Renault, Orange, PSA: poll
A majority of French voters back selling all or some of the state’s assets in automakers Renault and Peugeot, airliner Air France and telecoms group Orange, an opinion poll showed on Monday. France announced last year...
Govt invites EoI for strategic stake sale in Scooters India
The government has invited expression of interest (EoI) to sell its entire stake with transfer of management control in loss-making listed firm Scooters India Ltd (SIL), which manufactures three-wheelers under the brand...
Eicher Motors ends JV with US partner Polaris Industries
Eicher Motors Ltd on Monday announced its decision to shut its joint venture (JV) Eicher Polaris Pvt. Ltd (EPPL) with US-based Polaris Industries Inc. as sales of its personal utility vehicle Multix dropped to...
