Sona Autocomp Holding Limited today said it has entered into an agreement with its long-standing technical and financial collaborator JTEKT Corporation, to sell its entire stake in Sona Koyo Steering SystemsBSE -2.90 %...
Jaguar Land Rover buys stake in car technology firm CloudCar
Britain’s biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models...
Wilbur Ross-owned IAC eyes acquisitions in India to double business
Wilbur Ross-owned International Automotive Component Group, a vehicle interior specialist, is scouting for acquisitions in India to expand its capacity and geographical reach to meet growing orders from automakers in...
Bharat Forge acquires US-based WFT and PMT Holding
NEW DELHI: Auto components major Bharat ForgeBSE -2.75 % today said it has completed the acquisition of US-based Walker Forge Tennessee LLC (WFT) and PMT Holdings Inc, USA for USD 14 million (around Rs 95 crore)...
CA buys Austrian peer Automic in $635 million deal
U.S. software management group CA Inc (CA.O) said on Thursday it has agreed to buy Austrian business automation firm Automic from private equity group EQT in a 600 million euro ($635 million) deal as it seeks to expand...
Bharat Forge to buy Walker Forge Tennessee for $14 mn
NEW DELHI: Auto components major, Bharat ForgeBSE 0.91 % will buy US-based Walker Forge Tennessee LLC (WFT) for USD 14 million (around Rs 95 crore), a move aimed at expanding its product range in automotive and other...
Norma remains on lookout for acquisitions: CEO
Germany’s Norma (NOEJ.DE) remains on the lookout for acquisitions as it nears competition of a takeover of France-based car parts maker Parker Autoline, Chief Executive Werner Deggim said. Norma, a maker of...
Tata Motors plans to buy stake in shared mobility providers like Uber, Ola
MUMBAI: Tata MotorsBSE -0.89 % is evaluating the possibility of acquiring a stake in shared mobility providers, as Uber, Ola and a host of other new age companies disrupt the way the transportation sector works. The...
Schneider Electric to invest Rs 750 cr in India
NEW DELHI: Schneider Electric, a specialist in energy management and automation, today said that it plans to pump in Rs 750 crore in India over the next three to five years in research and development (R&D)...
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...
Fiem Industries may sign joint ventures with Honda Locks, Toyo Denso
NEW DELHI: Auto component maker Fiem IndustriesBSE -1.70 % is in the process of signing at least two new joint ventures for product diversification, and is tapping newer opportunities as it eyes a four-fold growth in...
Mahindra interested in Amtek’s overseas assets
Mahindra CIE Automotive, the Indo-Spanish diversified auto component maker, is amongst the handful of companies who have shown interest in buying business assets of cash-strapped auto parts maker Amtek Auto. Investment...
