Skoda Auto, Tata Motors call off talks on partnership

For lack of technical or economic synergies, leading automotive players Skoda Auto and Tata Motors Ltd have ended their detailed negotiations on a strategic partnership. Skoda has assessed and evaluated a potential ...

Bajaj Auto, Triumph Motorcycles UK global partnership for mid-capacity bikes

Triumph Motorcycles of UK and Bajaj Auto have announced a global partnership to deliver a range of mid-capacity motorcycles (300cc to 500cc) benefiting from the collective strengths of both companies. This partnersh...

Tata Motors, Castrol announce global strategic partnership

Tata Motors and Castrol have announced the signing of a three-year strategic partnership agreement for supply of Commercial Vehicle Oils to Tata Motors globally. The agreement will cover over 50 markets including SA...

Nissan takes 34pc equity stake in Mitsubishi Motors for 237 Billion Yen

Nissan Motor Co., Ltd. and Mitsubishi Motors Corporation, (MMC) have announced that they have signed a Basic Agreement to form a far-reaching strategic alliance between the two Japanese automakers. Following an MMC ...

Tata Motors tie-up to make armed vehicles for the Indian Army

Tata Motors has announced its strategic partnership with Bharat Forge Limited and General Dynamics Land Systems (GDLS) in the defence segment. Tata will be building Future Infantry Combat Vehicles (FICV) for the Ind...

Hero MotoCorp subsidiary to acquire Erik Buell Racing's assets

The wholly owned subsidiaries of HMCL --- HMCL NA, Inc. and HMCL Americas, Inc.----as per a “Settlement Agreement,” have agreed that HMCL Americas Inc. will acquire the ownership of certain tangible and intangible a...

Mahindra to take 33pc stake in Mitsubishi Agricultural Machinery for Rs 159 crore

Leading automobile manufacturer in India Mahindra & Mahindra will invest around Japanese Yen 3 billion (USD 25 million / Rs 159 crore approx.) for acquiring 33pc voting stake in Japan based Mitsubishi Heavy Industri...

Hero MotoCorp $25m EBR dreams shatter with closure of US company

India’s leading manufacturer of two wheelers Hero MotoCorp Ltd (HMCL) has announced that the US based company Erik Buell Racing in which it had invested US $ 25 million (Rs 156 crore by today’s exchange rate) has ce...

Daimler, Renault-Nissan Alliance to develop 1-ton pickup trucks

The Renault-Nissan Alliance and Daimler AG will expand their five-year strategic cooperation into the pickup truck segment said a press note from Renault. Together, Nissan and Daimler will develop a 1-ton pickup tru...

Mahindras now have Peugeot Scooters in their fold

Mahindra Two Wheelers Ltd. (MTWL), part of the Mahindra Group, and Peugeot Scooters (PMTC), part of the Euro 54 billion PSA Group based in France announced on January 20, 2015 that they have completed the necessary...

Mahindras to acquire 51pc in Peugeot Motocycles

Mahindra Two Wheelers Ltd. (MTWL), an unlisted subsidiary of Mahindra & Mahindra has made a binding offer to acquire a 51pc stake in Peugeot Motocycles (PMTC), part of the Euro 54 billion PSA Group based in France, ...

Eaton for tie up with China’s Great Wall Motors

Power management company Eaton has signed a framework agreement with Great Wall Motors Co. Ltd. (GWM) to create a long-term strategic partnership that drives growth for both companies through greater technical exch...

Mahindra Reva allies with Carzonrent

Mahindra Reva and Carzonrent, leaders in cab rental industry announced a strategic partnership to la

Hero Motocorp -- Erik Buell Racing of USA tie up

Hero MotoCorp Ltd. (HMCL) has announced forging a strategic partnership with Erik Buell Racing (EBR)

Anand Mahindra appointed as honorary envoy

Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group, has been appointed Honorary Amb

Ashok Leyland to provide U-Trucks to KPCL

Hinduja Group flagship Ashok Leyland and Krishnapatnam Port Company Limited (KPCL) have recently

Mahindra completes acquisition of Ssangyong

Mahindra completes acquisition of Ssangyong