New Delhi: New Delhi-based two-wheeler maker Hero MotoCorp Ltd on Thursday said that its board has approved an investment of up to Rs.205 crore for about 26-30% shareholding in Bangalore-based tech start-up Ather Energy...
Toyota partners with Uber, provides 90% financing to new drivers
Toyota Kirloskar Motor on Wednesday announced a partnership with ride-hailing app Uber, giving 90 percent funding to a driver on the Uber platform to buy Etios and Liva models. Toyota’s Financial arm, Toyota...
Mahindra acquires 60% in Classic Legends
Mahindra & Mahindra, the market leader in the utility vehicle and tractors, on Wednesday, said that it will buy 60 percent stake in Classic Legends (CLPL), a company engaged in manufacturing and marketing two...
Ssangyong to ink JV with Shaanxi Auto
MUMBAI: Mahindra & Mahindra owned South Korean SUV specialist Ssangyong Motor has signed a letter of intent to form a 50:50 joint venture with Shaanxi Automobile Group of China to set up a 1.5 lakh unit plant in...
Global tie-up on technology between Toyota, Suzuki to leave rivalry in India unaffected
MUMBAI|NEW DELHI: The technology partnership that Suzuki Motor and Toyota Motor said they were exploring is unlikely to bring any changes to the way the two automakers are doing business in India, local executives said...
Tesla, SolarCity shareholders vote on November 17 for merger
Tesla Motors Inc and SolarCity Corp said Wednesday in a U.S. securities filing that a vote to merge the two California-based companies will take place on Nov. 17. Also on Wednesday, Tesla said in a company blog:...
Infineon buys Dutch firm to control driverless cars
Infineon Technologies AG has acquired Dutch electronics company Innoluce BV, a designer of miniature “lidar” laser-scanning modules that the German chip giant says can help it develop affordable sensor...
Lithia announces acquisition of Audi store
Lithia Motors Inc * Lithia announces acquisition of Audi store * Deal will add an additional $120 million in estimated annual revenues * Acquisition brings cumulative 2016 annualized acquired revenue to over $1 billion...
Renault to enter new joint venture in Iran
Renault (RENA.PA) said on Friday it had signed a deal to enter into a new joint venture in Iran that would allow it to strengthen its presence in the country after most trade sanctions were lifted earlier this year. In...
HFL merger a concern for Ashok Leyland investors
MUMBAI: The decision to merge Hinduja FoundriesBSE -0.98 % with Ashok LeylandBSE -0.06 % may not be in the interest of minority shareholders of India’s second largest commercial vehicle maker as the deal lacks...
The motive behind Hinduja Foundries Ltd’s Ashok Leyland merger
Investors of Ashok Leyland Ltd have baulked at the company’s plan to merge with affiliate Hinduja Foundries Ltd. Gopal Mahadevan, chief financial officer at Hinduja Group flagship Ashok Leyland, defended the move...
Shareholder apathy is the only takeaway in Hinduja group merger
Many Indian promoters have been accused of running their listed entities like their private ones. Decision making is restricted to the promoter and his carefully selected board members. Shareholder interest seems to be...
