Tata PowerNSE -0.74 % today said it has partnered with Tata MotorsNSE 1.70 % to make Maharashtra EV ready and to establish electric vehicle charging stations in the state for public use. Tata Motors has signed a...
Renault-Nissan merger unlikely before 2020, CEO Ghosn says
Renault (RENA.PA) and Nissan (7201.T) are reviewing the ownership structure of their carmaking alliance but are unlikely to merge into a single listed entity this year or next, Chief Executive Carlos Ghosn said on...
Tata Motors plans to exit from its Hitachi JV following Q4 loss
Tata Motors has identified subsidiaries and joint ventures it plans to exit in a bid to deleverage its balance sheet and make itself agile and future-ready. The exit from non-core businesses is part of a larger strategy...
Cabinet approves restructuring of Scooters India balance sheet
The government has approved balance sheet restructuring of Scooters India Ltd ahead of its proposed restructuring and the waiver of penal interest on loans of two other state-run entities. The cabinet committee on...
Suzuki, Toyota may decide on tie-up by end of 2018-19
Japanese auto makers Suzuki Motor Corp. and Toyota Motor Corp. are likely to firm up discussions regarding their partnerships by the end of this fiscal, a top executive at Toyota Kirloskar Motor Pvt. Ltd said. The...
Chinese owner eyes Volvo Cars IPO, picks banks – source
The Chinese owner of Volvo Cars has hired three investment banks for an initial public offering (IPO) this year that could value the Swedish carmaker at between $16-$30 billion, a person familiar with the matter told...
Eicher Motors to invest Rs 13 billion in Royal Enfield, CV business
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...
