Auto Industry

Premium electric motorcycle startup, Raptee has raised $3 Million in a Pre Series A round led by deep-tech VC fund Bluehill Capital

MG Motor India, an iconic British automobile brand and part of Chinese auto major SAIC has announced its strategic 5-year business roadmap to Indianise the business operations for sustainable growth and meaningful ...

JLR announced plans to accelerate its transition to become the world’s leading modern luxury car manufacturer revealing its Halewood plant, in the UK, will become an all-electric production facility and its next gen...

Sona BLW Precision Forgings Ltd. (Sona Comstar), one of the leading global providers of automotive technology solutions, has signed an agreement to acquire a 54% equity stake in Novelic, a Serbia-based company found...

British International Investment (BII), the UK’s Development Finance Institution and impact investor and Mahindra & Mahindra (M&M) have executed a binding agreement to invest up to Rs. 1,925 crore each into a wholly...

Bhago Mobility Solutions Private Limited (Bhago), the green energy vertical for Modern Automotive Limited (MAL) has announced its latest equity acquisition in Pastiche Energy Solutions (P) Ltd (Pastiche), one of the...

Tata Motors Ltd (TML) and TPG Rise Climate have entered into a binding agreement whereby TPG Rise Climate along with its co-investor ADQ, shall invest in a subsidiary of Tata Motors that will be newly incorporated. ...

As announced on July 26, 2021, the Bajaj Group and the Austrian Pierer Group have simplified the shareholding structure in the operating KTM AG. Bajaj Auto Ltd. and its subsidiary Bajaj Auto International Holdings B...

Bajaj Auto’s clout in the global motorcycle market, both in the conventional IC engine space as well as the electric two wheeler space, will increase considerably once the proposed simplified equity structure in the...

In an exclusive interview, Uday Narang, Chairman, Anglian Omega Group & Omega Seiki Mobility talks about his company plans to enter the two and four wheeler electric vehicle space.

ZF Friedrichshafen AG (ZF) has divested its entire equity stake in Brakes India, a leading supplier of braking systems in the Indian market and a global supplier of ferrous castings. The acquisition of ZF’s equity s...

Apollo Tyres Ltd has unveiled its new corporate identity and vision ‘Driving Progress, Together’ setting the path for the next five years.

Can you recall any Indian automobile manufacturer that has a railway station named after it? Yes, the iconic Hindustan Motors Ltd. (HML) has one named after it and it goes by the name of “Hind Motor” railway station...

Siddharth Shriram, an eminent industrialist based in Delhi and hailing from a prestigious business family died on May 17, 2021 at the age of 76 due to covid related complications. He was admitted to Medanta Hospital...

As part of its growth strategy in the shared mobility space, Mahindra and Mahindra Ltd. (M&M) announced that it has entered into definitive agreements with shareholders of Meru Travel Solutions Private Limited (Meru...

Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by Eicher trucks....

Tyre majors Goodyear Tire & Rubber Company and Cooper Tire & Rubber Company announced that they have entered a definitive transaction agreement under which Goodyear will acquire Cooper in a transaction with a total ...

Earth Energy EV, an automotive startup has announced its plans to launch six new commercial and non-commercial vehicles commercially in the market this year. The company plans to introduce electric vehicles with 96%...

The Board of Directors of Apollo Tyres Ltd has approved an issuance of compulsorily convertible preference shares in the company worth Rs 1080 crore million (approximately US$150 million) to an affiliate of Warburg ...

Kia Motors Corporation has announced details of ‘Plan S’, its mid- to long-term strategy aimed at progressively establishing a leadership position in the future automotive industry, encompassing electrification and ...

Barely five months after rejecting French auto major Groupe Renault as its bed partner, Fiat Chrysler Automobiles (FCA) has hopped back into the bed with another French automobile major – Groupe Peugeot S.A. Accordi...

Mahindra Two Wheelers Europe, a subsidiary of Mahindra & Mahindra Ltd. (M&M Ltd), will be acquiring all outstanding shares in Peugeot Motocycles (PMTC), taking its share to a complete 100pc. Peugeot Motocycles, a ma...

The Competition Commission of India (CCI) has in its latest order imposed a penalty of Rs 17.07 crore (Rs 17,07,31,443/-) on Japan based JTEKT/ JSAI , manufacturers of power steering for automobile manufacturers In ...

After a decade of operations, AMG Corporation has revamped the logo of its flagship brand Premier Plus to consolidate and grow its position in the automotive aftermarket industry. Premier Plus is a specialist in rub...

Anand Group, a leading manufacturer of automotive components in India, further consolidated its presence in the Indian automotive safety systems vertical. It announced the formation of a Tri-Party Joint Venture to m...

Fiat Chrysler Automobiles N.V. has delivered a non-binding letter to the Board of Groupe Renault proposing a combination of their respective businesses as a 50/50 merger. Groupe Renault has confirmed receipt of a pr...

Flash Electronics India Ltd, a leading electronic and electric auto components player has filed a law suit against Royal Enfield challenging patent infringement in the US regarding production of an important compone...

Skoda Auto India has announced ‘EasyBuy’, an assured buyback programme across the Superb model range. This programme has been made available exclusively through Skoda Financial Services. The ‘EasyBuy’ programme will...

Uniti Sweden has announced plans to establish an electric vehicle “pilot production plant” at Silverstone Park, the home of the British Grand Prix. The facility will be used to produce the Uniti One electric car, wh...

Precision Camshafts Ltd (PCL) has acquired 51% stake in Dutch electric driveline maker Emoss Mobile Systems B.V through its wholly owned Dutch subsidiary, PCL (International) Holding B.V. This is the third strategic...

Sumitomo Corporation has brought a 49% stake for Rs 1180.99 Cr in the joint venture company, Mukand Sumi Special Steel Limited, a leading specialty steel supplier for the fast growing automotive and engineering indu...

Motherson Sumi Systems Limited (MSSL), the flagship company of the Samvardhana Motherson Group (SMG), through its step down subsidiary Samvardhana Motherson Automotive Systems Group B.V. (SMRP BV), has announced th...

A year after disposing of the Sona Group’s entire equity holding of around 25.12 per cent in its then flagship company Sono Koyo Steering Systems for around Rs 419 crore to its Japanese partner JTEKT Corp., the refr...

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...

Hitachi Automotive Systems and Honda Motor Co announced the establishment of a joint venture company for the development, manufacture and sales of motors for electric vehicles on the premises of Hitachi Automotive S...

SAIC Motor Corporation, one of the biggest corporations in the world and the largest automobile giant in China, has announced its plan to enter the Indian automobile market through a fully-owned car manufacturing fa...

Minda Industries Limited, the flagship company of Uno Minda Group has entered into Joint Venture (JV) agreement with Katolec Corporation, Japan. The proposed name for the joint venture company is Minda Katolec Elect...

Leading global auto components major Motherson Sumi Systems Ltd (MSSL) controlled by Vivek Chaand Sehgal has announced plans to acquire PKC Group Plc of Finland for around Euros 571 million (approximately Rs 4160 cr...

International Automotive Components (IAC) and Shanghai Shenda Co. Ltd. (Shenda) have announced the signing of a definitive agreement to form a global joint venture (JV) partnership to supply soft trim and acoustics...

Bengaluru based Ather Energy, the smart electric two-wheeler start-up, announced a fresh round of funding of Rs 180 crores from Hero MotoCorp for 26-30% stake.

Mahindra Partners, the $900 million private equity division of the Mahindra group, has announced that it has closed a new round of financing in Scoot Networks, an urban mobility solutions provider based in San Franc...

Japanese automaker Suzuki Motor Corp. apologised on Wednesday May 18, 2016 for improper road tests that the company had conducted, but denied reports of any cheating on mileage numbers. The Suzuki fuel mileage scand...

Nissan Motor’s move to acquire a 34 pc equity stake in Mitsubishi Motors Corporation (MMC) will lead to a lot of advantages for Nissan as well MMC, besides reducing costs of development and introducing many more veh...

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 ...

Automobile components manufacturer Minda Industries Ltd announced an acquisition of the global lighting business of Spain based Rinder Group that manufactures automotive lamps- head lamp, tail lamps and small lamps....

Mercedes Benz India’s “Make in India” initiative could not have got off to a more promising start now that the Indian government has decided to buy 55 top of the range E 250 CDI luxury sedans. The luxury car maker h...

Hero Cycles, world’s largest bicycle manufacturer by volume, has acquired Firefox Bikes, India’s largest premium bicycle brand, as part of its strategy to further cement its position in the fast-growing premium cycl...

JK Tyre & Industries has finally confirmed that it is buying Cavendish Industries Ltd (CIL) tyre unit of Kesoram Industries. In a press release, the company stated that JK Tyre & Industries Limited (JK Tyre) and JK...

For the Rs 7,625 crore Kalyani group controlled by Baba Kalyani, ‘Make in India” has been a way of life. For long, this group which has business interests in the fields of automotive, energy, rail, marine, aerospace...

Mercedes-Benz has appointed Roland S. Folger as the Managing Director and CEO of its India operations. Roland S. Folger will replace Eberhard Kern who will assume a new role for the European market. This was stated ...

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...

Starlit Power Systems Ltd has signed a Joint Venture with China's second largest motorcycle and UPS battery manufacturing company Guangdong Dynavolt Technologies wherein, Guangdong Dynavolt will acquire 24pc of equi...

Force Motors has now confirmed to Motown India that this new facility which is being built in Chakan is a “dedicated facility for Mercedes Benz India Ltd”. A spokesperson for the company informed that the company wi...

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...

Shiroki Corporation (an affiliate of Toyota Motor Corp), one of the leading global players for interior and exterior components for automobiles, has taken a 51pc equity stake in a new joint venture company with Tech...

Mahindra First Choice Wheels Ltd. (MFCWL), a leading multi-brand used vehicle company, has signed a definitive agreement to raise $15 million (Rs. 94 crore approx.) from San Francisco based investment advisor firm, ...

Nirmal Minda controlled Uno Minda and Kosei Aluminum Co. ltd. a leading Japanese alloy wheel manufacturer have entered into a joint venture agreement to manufacture and sell alloy wheels in India. The JV ceremony to...

Royal Enfield, part of the Eicher Group and makers of the classic 350cc and 500 cc bikes, apart from the Continental GT bike, has announced the appointment of Rudratej ‘Rudy’ Singh as President, Royal Enfield. He wi...

With unconfirmed reports suggesting that Mahindra & Mahindra (M&M) is planning to acquire Sweden based car maker Saab, it is almost confirmed that it has more to do with Anand Mahindra’s dream to become a world lead...

UNO Minda, part of the NK Minda Group, an major Indian automotive supplier has entered into a joint venture with Toyoda Gosei Co. Ltd. of Japan to manufacture and sell rubber hoses in India. The collaboration was fi...

OPM Global B.V., a subsidiary of Hero Cycles Ltd, the world’s largest cycle manufacturer by volume, has acquired a significant equity stake in Germany’s largest manufacturer of cycles Mitteldeutsche Fahrradwerke AG ...

SasMos, a Rs 49 crore high quality wiring harness manufacturer, has established a state-of-the-art ‘Centre of Excellence’ for ISRO’s space grade harnesses. SasMos was founded and promoted by H.G. Chandrashekar in Be...

The Samvardhana Motherson Group seems to be on a roll with its acquisitions and joint ventures. The group’s flagship company Samvardhana Motherson International Ltd. (SMIL) and Magneti Marelli Spa have signed a Join...

For the year ended March 31, 2014, Nissan Motor Co., has earned a net revenue of US $ 104.62 billion (Rs 6,26,694 crore approx.). The net income for the year stood at $3.88 billion (Rs 23,237.6 crore). Announcing th...

Setco Automotive Ltd (Setco) and Lingotes Especiales S.A. (Lingotes) have announced the formation of a 30 million Euros (Rs 250 crore approx.) joint venture over threeyears called Lava Cast Pvt Ltd, focused on devel...

Mahindra Logistics of Mahindra Group has received an investment of Rs 200 crore for a significant minority stake from Kedaara Capital, according to a media release from the company. This is the venture capitalists’ ...

Tata Opportunities Fund (TOF), the flagship private equity fund of Tata Capital, is investing Rs 300 Crore (USD 50 million) in Varroc Engineering Private Limited, the holding company of the Varroc Group, according t...

Though not required by law, the Board of Directors of Maruti Suzuki India Limited (MSIL) in a meeting held on March 15, 2014 has decided to seek minority shareholders’ approval as stipulated in Section 188 of the Co...

TellTail is a mobile security application that has been developed by DIMTS in view of the increasing incidents of rapes, kidnapping and other crimes. Once downloaded on the phones, the application can help the indiv...

The Board of Directors of Fiat S.p.A. approved a corporate reorganisation and the formation of Fiat Chrysler Automobiles (FCA) as a fully-integrated global automaker. Following Fiat’s acquisition of the minority equ...

Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding to supplement Chrysler Group’s existing...

Unlike cosmetics or garments, the battery industry is a wee bit conservative in popularising its products. This is because our customers make are not making a pleasure-seeking purchase, but a harassment one. So we h...

Varroc Group has announced their acquisition of the Visteon equity interest in its China-based light

Hindustan Motors Limited (HML) has decided to demerge and transfer its Chennai Car Plant (CCP) as a

What we are offering with the Sail U-VA is value, space, etc. The most encouraging thing is that we don’t have any negativity about this product. Whoever has bought it is very happy, says Ashwani Muppasani

We are organising motorsports activities to promote the talent in the country and also to enhance the brand equity of our company. This is because when you promote any talent, it has a positive rub-off effect on the...

Uno Minda of India has entered into a joint venture with Nabtesco Automotive Corporation, Japanese m

Finally Indian consumers can get to drive a Jeep Grand Cherokee and a Wrangler by the end of 2013. F

Interview with Sudeep Narayan, Marketing & PR Director, Volvo Auto India Pvt. Ltd.

Sanjay Chakravarty; Senior General Manager & Head of Corporate Communication – Bosch India has been

We were a jeep company around the time of independence. We used to manufacture and market jeeps sourced from Chrysler. That has always been our DNA. So we make rough and tough UVs and SUVs and have been the market l...

Krishna Group, an Indian auto interior manufacturing company, is forming an equity joint venture (JV

Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE (Porsche SE) are to create the integr

The Annual Budget 2012-13 has been tabled in the parliament and is widely believed to move and shake

The Abhay Firodia-controlled Force Motors will be divesting a part of its equity share in MAN Force

Suzuki Motor Corporation has announced that its board of directors has officially determined the

The countdown to the F1 race in India has begun with JPSI commencing the ticket sale

Mahindra & Mahindra Ltd. has announced the launch of the Genio DC, its premium next generation

Mahindra Reva Electric Vehicles Pvt. Ltd. has tied-up with the Export-Import Bank of India

Hover Automotive India (HAI) has announced the appointment of Dinesh Jain as its CEO

Debashis Mitra, Director- Sales & Marketing, Mercedes Benz India talks to Motown India about the company's increasing sales and improving performance in India.

MUMBAI: For the Mahindras, it’s yet another feather in its cap. Going the Tata way of acquiring auto