Pune-based startup Allygrow Technologies today said it has acquired Germany-based AE Automotive Elements GmbH, a high end product development firm, and engineering services arm of US-headquartered Ranal, a specialised...
Carzonrent to spin off Myles into a separate unit; will look to raise $20 million for self-drive business.
New Delhi-based Carzonrent, one of India’s largest car rental companies, will be spinning off its self-driving business Myles, into a separate unit, and is also in the market to raise fresh capital to grow the...
US-based Cox Automotive buys stake in Mahindra First Choice
MUMBAI:US-based digital marketing company Cox Automotive has acquired a minority stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahindra. The transaction, through a secondary sale...
Amtek Auto may sell Tekfor for Rs 6,000 crore
Debt-ridden Amtek Auto might end up selling Tekfor, the German forging company it acquired in 2013, for Rs 6,000 crore. The Delhi-based automobile component maker is looking to receive bids from about a dozen bidders...
