The National Company Law Tribunal (NCLT) has approved the acquisition of AMW Autocomponent by listed automotive wheels manufacturer Steel Strips Wheels. The company had admitted liability of over ₹1,675 crore, whereas...
Uno Minda to enhance stake in JV firm to 76 per cent
Auto components maker Uno Minda said its board has approved enhancing stake in a joint venture firm to 76 per cent. The company’s board has approved increasing stake in Minda Westport Technologies Ltd (MWTL) from...
Schaeffler India to fully acquire auto spare parts platform Koovers for Rs 142.4 cr
Schaeffler India Ltd said it will fully acquire KRSV Innovative Auto Solutions Pvt Ltd, an automotive aftermarket spare parts platform, for Rs 142.4 crore. Bengaluru-based KRSV Innovative Auto Solutions, which operates...
Chinese carmaker BYD to buy US firm Jabil’s mobility business for $2.2 bln
Chinese automaker BYD said its electronics unit has struck a deal with U.S.-based manufacturer Jabil Inc to buy its mobility business in China for 15.8 billion yuan ($2.2 billion). The deal will expand BYD...
NCLT okays Ramkrishna Forgings’ bid to acquire Amtek Group arm
The bankruptcy court has approved Kolkata-based Ramkrishna Forgings’ bid to acquire Amtek Group’s listed subsidiary JMT Auto through the corporate insolvency resolution process. Ramkrishna Forgings, also a...
Competition Commission of India closes case against Tata Motors
Competition Commission on Wednesday closed a case against Tata Motors on alleged abuse of dominant position with respect to agreements with its authorised dealers. For this case, the market for the manufacture and sale...
Hyundai Motor to acquire General Motors’ Talegaon plant
Hyundai Motor India, today signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing...
Maruti to acquire Suzuki Motor’s manufacturing facility in Gujarat
Maruti Suzuki said that it will acquire parent Suzuki Motor’s manufacturing facility in Gujarat to ensure better management control over the unit. The local car market leader said this will help it respond faster to...
Samvardhana Motherson International to acquire assets, shares of Dr Schneider Group entities
Auto components maker Samvardhana Motherson International Ltd said it will acquire assets and shares of Germany’s Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs...
Ramkrishna Forgings acquires Multitech Auto, Mal Metalliks for Rs 205 crore
Ramkrishna Forgings Ltd said it has acquired Multitech Auto Private Ltd and its wholly-owned subsidiary Mal Metalliks Private Limited for Rs 205 crore. Multitech Auto and Mal Metalliks manufacture various parts for...
Motherson to acquire Bengaluru-based Rollon Hydraulics
Auto component maker Samvardhana Motherson International on Friday said it has inked a pact to fully acquire Bengaluru-based Rollon Hydraulics for an undisclosed amount. Rollon is engaged in manufacturing, assembly and...
Samvardhana Motherson to acquire 81% stake in Honda Motor arm Yachiyo
Auto parts maker Samvardhana Motherson International (SAMIL) announced on July 4 that it will buy a majority stake of 81 per cent in Japan-based auto-part maker Yachiyo Industry’s four-wheeler (4W) business...
