Tata Sons Ltd is considering a $1 billion fund-raise to finance a fresh equity infusion into group companies, including Tata Motors Ltd and Tata Power Ltd, two people aware of the development said. The board of the Tata...
Volvo Cars, Waymo partner to build self-driving vehicles
Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride-hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley’s...
TVS Motor buys UK-based iconic bike brand Norton
In a landmark deal, India’s leading two-wheeler manufacturer TVS Motor Company has acquired the iconic 122-year-old United Kingdom bike brand Norton for 16 million pounds, or around Rs 150 crore in an all cash...
Tatas rule out immediate plan to sell assets to shore up finances
Tata Sons Ltd has ruled out any immediate plans to sell assets to shore up its finances because of the coronavirus pandemic that has hammered Indian companies. The holding company of Tata Group, in a statement on...
Ola Electric acquires Etergo, looks to launch electric scooters in India by 2021
Ola Electric Mobility Pvt Ltd, the electric vehicle arm of Ola, has acquired Amsterdam-based Etergo BV, manufacturer of electric scooters. With this acquisition, Ola Electric will enter the premium electric two-wheeler...
Google’s self-driving sister, Waymo, gets first outside investors
Waymo, the self-driving unit of Alphabet Inc, said on Monday it had raised $2.25 billion in its first external investment round and expects to add more outside investors. The company also disclosed its self-driving...
Tata Motors in alliance talks with Chinese firms
Tata Motors Ltd, India’s largest vehicle maker, is in initial talks with a couple of Chinese automobile companies for a tie-up for its passenger vehicles business, three people aware of the development said. These...
Tata Motors to raise $300 million through offshore bonds
Tata Motors Ltd will raise $300 million through unsecured offshore debt financing, the company said in a filing to the stock exchanges late Wednesday. The bonds will bear a coupon rate of 5.875% and will mature in 2025...
Mohamed Yousuf Naghi Motors acquires Ford and Lincoln dealership in Saudi Arabia
Saudi automotive company Mohamed Yousuf Naghi Motors has acquired the Ford Motor and Lincoln distributorship from Al Jazirah Vehicles Agencies Co in the western and southern regions of Saudi Arabia, the law firm...
Tata Taj Hotel chain to sell assets as economy weakens
The luxury hotel chain controlled by India’s Tata Group is looking to sell some assets and avoid owning new properties in an effort to further pare debt, as it braces for a slump in consumer spending. Indian Hotels Co...
JLR eyes strategic, tactical partnerships to lessen capex burden
Jaguar Land Rover is eyeing strategic and tactical partnerships to share the capital investments in technology, future models and in areas of shared mobility, said N Chandrasekaran, chairman of the British luxury...
Ford, Volkswagen promise details on electric, autonomous vehicle alliance
Ford Motor Co (F.N) and Volkswagen AG (VOWG_p.DE) said on Thursday they are expanding their global alliance announced in January with deals expected to involve collaboration on electric and autonomous vehicles. Further...