Maruti Suzuki, largest car makers are now car crushers

Maruti Suzuki India Ltd (MSIL), the largest car makers in the country is now all set to become the largest car breakers of the country. The company has set up a vehicle scrapping and recycling unit at Noida in the s...

 Tata Motors to raise $1 billion in passenger EV business from TPG Rise Climate

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. ...

Motherson company acquires 60pc stake in China joint venture for auto mirrors

Samvardhana Motherson Automotive Systems Group BV (SMRPBV) has acquired a majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd by Ningbo SMR Huaxiang Automotive Mirrors Ltd. (SMR NBHX); which is a 50:5...

Honda 2Wheelers India breaches 50 million domestic unit sales milestone

Honda Motorcycle & Scooter India announced the accomplishment of 5 crore (50 million) cumulative two-wheeler domestic sales in the country since start of its sales operations in 2001.

Pierer Group, Bajaj Auto sign contracts to simplify shareholding structure

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...

TVS buys majority stake in personal e-mobility co. EGO Movement

TVS Motor Company has announced a partnership with Swiss technology company EGO Movement as a majority shareholder, in an all-cash deal through its Singapore Subsidiary TVS Motor (Singapore) Pte Ltd. The partnership...

Ford to cease manufacturing vehicles in India: shuts down plants

Ford India has announced that it will cease manufacturing vehicles for sale in India immediately. The manufacturing of vehicles for export will wind down at Sanand vehicle assembly plant by Q4 2021, and Chennai engi...

Bajaj Auto to gain post simplified equity structure in Pierer Mobility

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...

Hyundai Motor India Inaugurates plush corporate headquarters in Gurugram

Hyundai Motor India has inaugurated its new state-of-the art corporate headquarters in Gurugram. Present at the inauguration were Chief Minister of Haryana Manohar Lal along with SS Kim, MD & CEO, Hyundai Motor Indi...

Anand Group, Mando Corp set up JV company for EV components

Auto component manufacturers Anand Group of India and South Korea based Mando Corporation have announced the setting up of a new joint venture company called Anand Mando eMobility Private Limited for manufacturing a...

ZF equity stake in Brakes India acquired by remaining stakeholders

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...

Toyota Kirloskar Motor, ACMA sign MoU for training programmes

Toyota Kirloskar Motor (TKM), has announced the signing of a Memorandum of Understanding (MoU) with the Automotive Component Manufacturers Association of India (ACMA).

Siddharth Shriram is no more; Honda will miss an old ally

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...

Oxygen, medical help pour in from Indian auto companies among shut downs

The Indian auto industry is going all out to help the country in production of oxygen, even as it is grappling with woes at its own end. India Yamaha Motor (IYM) is among the companies that have decided to suspend m...

Indian auto companies shut down, divert oxygen for medical purposes

Indian auto companies like JCB India, MG Motor India, Maruti Suzuki and Hero MotoCorp have either shut down or are shutting down their plants for a few days as a result of the prevailing covid-19 conditions. Some of...

M&M step us equity stake in Meru Travel Solutions to 100pc

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...

Jaya Hind Industries extends tech cooperation with KS Huayu Alutech Germany

Jaya Hind Industries Private Limited, a Dr. Abhay Firodia group company, which has had a 12 year-long successful technical tie-up with KS Huayu Alutech GmbH (KSATAG) announced that the agreement for the manufacture ...

Dr. Anish Shah appointed MD and CEO of Mahindra & Mahindra Ltd.

The Board of Directors of Mahindra and Mahindra Limited announced that Dr. Anish Shah presently the Deputy Managing Director and Group Chief Financial Officer would take over as the Managing Director and Chief Execu...

Pvt vehicles have 20 years, CVs 15 years for deregistration

While providing strong incentives to owners of old vehicles to scrap old and unfit vehicles through registered scrapping centres, the central government in its much awaited Vehicle Scrapping Policy has proposed that...

ASDC, FADA join hands with Google to lead industry’s Digital Transformation

Recognising the need to prepare over 20,000 auto dealerships to engage with customers in the ongoing and post pandemic era, Automotive Skills Development Council (ASDC) and Federation of Automobile Dealers Associati...

Stellantis begins its journey with new Board of Directors AUTO INDUSTRY NEWS

Finally and formally two major car companies of the world, Peugeot S.A. (Groupe PSA) of France and Fiat Chrysler Automobiles N.V (FCA) of Italy, have merged and a new entity has emerged, Stellantis. The word Stellan...

By 2030, 4W passenger vehicles, buses will see least e-adoption at 12-15 per cent

In another decade or so, by 2030, while buses and 4-wheeled passenger vehicles will have the least level of electric adoption, it will be two and three wheelers that will see a large adoption of electric vehicles. T...

CV Raman of Maruti Suzuki answers 23 critical questions for car owners

23 Questions every car owner should be able to answer Interview with CV Raman, Sr. Executive Director, Engineering, Maruti Suzuki India Ltd. Raman san answers 23 critical question for car owners.

Tata Motors, Bridgestone, Hyundai, Okinawa, Nissan, JK Tyre reopen plants

In this latest round of resumption of plant operations and other activities, Indian auto companies in the news include Tata Motors, Honda Cars India, Bridgestone India, Toyota Kirloskar Motor, Hero MotoCorp, Hyundai...

Polaris India appoints Lalit Sharma as new Country Manager; Pankaj Dubey moves on

Pankaj Dubey, who was at the helm of affairs of Polaris India Pvt. Ltd, a wholly-owned subsidiary of Polaris Inc., since its inception for around 10 years, has moved on to pursue other career opportunities. In his p...

Honda 2 Wheelers grows 5pc in March 2020 at 261,699 units, grows 11pc in fiscal

Honda Motorcycle & Scooter India Pvt. Ltd. is among the very few auto majors that managed to buck the negative trend because of the covid-19 threat as it closed March 2020 with total sales of 2,61,699 units as again...

Suzuki Motorcycle India records positive growth in March 2020, fiscal

Suzuki Motorcycle India Pvt. Ltd. (SMIPL) concluded the fiscal year on a positive note by registering 5.7% growth over FY2018-19.Cumulatively, SMIPL sold 790,397 units from April 2019 – March 2020, compared to 747,5...

COVID-19 PANDEMIC: Indian auto industry puts best foot forward

In spite of the fact that the Indian auto industry will be incurring a loss of approximately Rs 50,000 crore in turnover for the 21-day plant shutdown as a result of the countrywide lockdown due to the ongoing coron...

Toyota Kirloskar sells 8022 units in March 2020

Having successfully liquidated all its BS4 stocks even at the dealership level, TKM sold a total of 7023 units of BS6 vehicles to its dealers (wholesales) in the month of March 2020. To lessen the burden on its deal...

Hyundai Motor India suspends manufacturing operations

Hyundai Motor India will be suspending its manufacturing operations at the Chennai facility from Monday, March 23, 2020 till further notice to stop the spread of coronavirus (COVID-19) - a global pandemic.

Honda 2Wheelers India temporarily shuts down operations

Honda Motorcycle & Scooter India Pvt. Ltd. announced precautionary measure as it diligently monitors current COVID-19 pandemic situation. The company has temporarily announced shutdown of operations across all its f...

TKM temporarily halts production in Bidadi plant, Karnataka

Toyota Kirloskar Motor (TKM) has decided to temporarily halt production in its plant in Bidadi, Karnataka till further announcement. The decision was taken keeping in mind the safety and security of the company’s em...

Hero Cycles acquires German e-bike pioneers HNF Group

Indian bicycle major Hero Cycles Ltd has acquired a strategic stake in German premium e-bike manufacturer HNF Group. Hero Cycles has taken this stake together with German investment trust holding IBG Beteiligungsges...

Groupe PSA, FCA to merge into Euros 170 billion auto behemoth

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 to acquire 100pc Peugeot Motocycles

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...

Ford hands over control to Mahindra in India through new joint venture

Ford India will be transferring its Indian operations, including its personnel and assembly plants in Chennai in Tamil Nadu and Sanand in Gujarat, as well as the Global Business Services unit, Ford Credit and Ford S...

Gadkari leaves behind a belligerent tone and assures auto industry

For Union Minister Nitin Gadkari, it’s been a journey from taking on a confrontationist attitude to one of being benign and accommodating. At the 59th Annual Convention of the Society of Indian Automobile Manufactu...

Varroc to acquire 74% stake in CarIQ, a leading Telematics solution provider

Varroc Engineering Limited, a global Tier 1 auto component manufacturer, has agreed to acquire 74% stake in the Pune-based CarIQ Technologies, a leading integrated connected vehicle solution provider to OEMs, fleet ...

Guardians to be jailed, fined for offences by juveniles driving vehicles

Very soon, traffic violations will invite huge penalties for motorists in India as the Motor Vehicles (Amendment) Bill, 2019 was passed by Rajya Sabha.

MoRTH draft notification for CMVR amendments to boost electric vehicles

The Ministry of Road Transport & Highways has issued a draft notification for amendments to the Central Motor Vehicles Rules for providing a boost to electric vehicles

Mahindra acquires 11.25% stake in Swiss agri-tech firm Gamaya for Rs 30.04 crore

Mahindra & Mahindra’s Farm Equipment Sector (FES), a part of the Mahindra Group announced an investment of CHF 4.3 million (US$4.3 million- Rs 30.04 crore approx.) for an 11.25% stake in Switzerland based agri techn...

Government EV targets need to be practical says auto industry

The Indian auto industry is not too happy with the aggressive road map being laid out by the government in bringing electric vehicles into the country. Both the Society of Indian Automobile Manufacturers (SIAM) and ...

Anand Group announces tri-party joint venture with Joyson Safety Systems

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...

FCA submits proposal for merger with Groupe Renault

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...

ICAT geared up to boost electric mobility through testing services

As India moves towards adopting complete electric mobility by 2030, the International Centre for Automotive Technology (ICAT), located in Manesar, in the northern automotive hub of India, have begun to offer testing...

SIAM, CCI, ACMA organise workshop on competition issues in auto industry

Society of Indian Automobile Manufacturers (SIAM) in association with the Competition Commission of India (CCI) and Automotive Component Manufacturers Association of India (ACMA), organised a workshop on competition...

 SIAM rolls out ‘Road Safety Week’ campaign

Society of Indian Automobile Manufacturers (SIAM) kick-started the Road Safety Week campaign at Delhi’s India Gate. This year’s event on the theme “Sadak Suraksha – Jeevan Raksha” has been organised in association w...

Nissan Chairman Carlos Ghosn arrested for financial misconduct allegations

One of automobile industry’s most powerful leaders, Carlos Ghosn of Renault-Nissan-Mitsubishi Alliance was arrested by the authorities in Japan on November 19, 2018.

Interview with Rajeev Chaba, President & MD,  MG Motor India

Just to give you a perspective of the company, SAIC sells almost 70 lakh cars per year and the Indian market is 30 lakhs per year. So this company is the market leader. They have got various brands and lots of platf...

ZF optimally positioned to help Indian OEMs meet new safety requirements

ZF Friedrichshafen AG, a global leader in driveline and chassis technology as well as active and passive safety technology, is uniquely positioned to support its customers’ new safety requirements that will be intro...

Indian cars to have mandatory pedestrian safety features

Global New Car Assessment Programme (GNCAP) , a UK-based charity that conducts crash safety tests on cars across the world, which is hosting its first ever ‘Global NCAP World Congress’ in New Delhi, India in partner...

SIAM urges government for long term policy roadmap

The Society of Indian Automobile Manufacturers (SIAM), an industry body representing India’s automobile sector, held its 58th Annual Convention titled “Building the Nation, Responsibly”. During the convention, th...

Ram Venkataramani, MD, India Piston Rings is new ACMA President

Automotive Component Manufacturers Association of India (ACMA) has appointed Ram Venkataramani, Managing Director, India Piston Rings as its new President while Deepak Jain, Managing Director, Lumax Industries Ltd. ...

Greaves Cotton to acquire majority stake in electric vehicle company Ampere

Greaves Cotton, one of India’s leading diversified engineering companies, announced that they have entered into definitive agreements pursuant to which Greaves Cotton will acquire a majority stake in EV company Ampe...

Nikhil Nanda appointed Chairman, Managing Director of Escorts Ltd

The Board of Directors of Escorts Limited has appointed Nikhil Nanda as the Chairman and Managing Director of the company. Nikhil Nanda has succeeded Rajan Nanda, former Chairman and Managing Director of Escorts Lim...

Rico Auto forays into 4-wheeler aftermarket; completes one year in 2W aftermarket

After one year of successful journey of Rico Auto in the aftermarket two-wheeler market, the Arvind Kapur-controlled company has announced its foray in the 4- wheeler aftermarket component segment. The announcement ...

Major organisational changes in Bajaj Auto; Rakesh Sharma is new CCO

Leading motorcycle manufacturer Bajaj Auto has appointed Rakesh Sharma the company’s Chief Commercial Officer (CCO), a post newly created, with immediate effect. The announcement was made through in an internal comm...

Volvo Cars Tech Fund invests in automotive sensor company Luminar

Volvo Cars, the premium car maker, has completed the first strategic investment via its newly-founded investment fund by taking a stake in Luminar, a leading start-up in the development of advanced sensor technology...

Magenta Power sets up India’s first solar based charging station for EVs

Magenta Power, one of the leading service providers of renewable energy solutions in association with Exicom, has installed India’s first solar charging station (DC Fast Charge) for electric vehicles in Turbhe, Navi...

Volvo Cars hopeful of increased sales & revenues

Volvo Cars, the premium car maker, has announced new financial and operational ambitions that will position the company as a leading player in the global automotive business by the middle of the next decade.

MAHINDRA & MAHINDRA SCALES NEW HEIGHTS---Sunny Side Up

Auto and farm equipment major Mahindra & Mahindra has finally found its place in the sun after several years of perseverance and hard work, the last three years being significant ones that led to the company transfo...

Mahindra signs MOUs with Maharashtra Govt. for EV manufacture and deployment

Mahindra & Mahindra Ltd has signed two Memoranda of Understanding (MoUs) with the Government of Maharashtra (GoM), to further its next phase of expansion in electric vehicles (EVs) and achieve its vision of becoming...

Safe, clean, affordable, shared and smart mobility mooted

There is an urgent need in India for development of mobility that is safe, clean, affordable, shared and smart. And in order to achieve this, several steps need to be taken by the government and other stakeholders. ...

Precision Camshafts acquires 51% stake in Emoss Mobile Systems B.V.

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 buys 49% stake in Mukand Sumi Special Steel

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...

Honda 2 Wheelers commits Rs 800 crore investment for 2018-19

After creating a new world record by becoming the only company in India and the world to add 1 million incremental sales in one year, Honda Motorcycle & Scooter India Pvt. Ltd. (HMSI) has earmarked Rs 800 crore inve...

Continental, Osram sign joint venture contract for lighting

Technology companies Continental and Osram have successfully concluded their negotiations on the Osram Continental GmbH joint venture. The joint venture, in which each of the partners has a 50 percent stake, aims to...

Adient , Arvind form JV to manufacture and sell automotive fabrics in India

Michigan (US) based Adient, a global leader in automotive seating which produces and delivers automotive seating for all vehicle classes and all major OEMs has formed a joint venture with India’s Arvind Ltd, one of...

Force Motors, Rolls Royce sign JV agreement for gen sets

Rolls-Royce Power Systems and Pune-based automobile manufacturer Force Motors have signed a joint venture agreement in which Force Motors will hold a 51% and Rolls-Royce Power Systems a 49% stake. The new joint vent...

MG Motor India to invest Rs 5000 crore in six years time, says Chaba

MG Motor India will be investing a total of Rs 5000 crore in six years time in India and will be launching its first vehicle, a sports utility vehicle (SUV), in India in the first quarter of calendar 2019. The comp...

Faurecia, Clean Air Asia partner for clean air solutions in Asia

Faurecia, a global leader in areas of automotive seating, interior systems and clean mobility has partnered with Clean Air Asia to explore effective technology solutions to improve air quality and enhance industry a...

Brembo launches two Bybre products for scooters, motorcycles

Brembo Brake India which is engaged in development, production and sales of disc brake systems for 2 wheelers with the Bybre brand has launched two new products for the scooter and motorcycle segment at the Auto Ex...

Continental to acquire 5 percent stake in HERE Technologies

Technology company Continental has signed a definitive agreement to acquire a 5 percent indirect ownership stake in HERE Technologies, a global leader in mapping and location services. The share will be sold by HERE...

BS -VI grade auto fuels rule kicks in Delhi NCT from April 1, 2018

Taking into account the serious pollution levels in Delhi and adjoining areas, Petroleum Ministry in consultation with Public Oil Marketing Companies (OMCs) has decided for advancing of BS-VI grade auto fuels in NCT...

Continental, Osram JV for intelligent lighting solutions in automotive sector

Technology companies Continental and Osram have announced their intention to establish a joint venture. The idea is to combine innovative lighting technology with electronics and software to develop, manufacture and...

JBM Group denies recovery of Rs 7 crore cash and gold in I-T raids

Immediately after a news agency reported that Income Tax officials had raided the premises of SK Arya controlled US $ 1.2 billion JBM Group (Jai Bharat Maruti) and had recovered around Rs 7 crore cash and three kilo...

MG Motor takes over GM India’s Halol facility; To invest upwards of Rs 2,000 crore

The erstwhile car manufacturing plant of General Motors India in Halol, Gujarat was taken over by MG Motor, a UK based company. The Halol facility will now be the manufacturing plant for MG Motor. The company announ...

Magneti Marelli acquires stake in LeddarTech

Magneti Marelli has acquired a stake in LeddarTech Inc., a worldwide leader in solid state LiDAR (Light Detection and Ranging) sensing technology. Magneti Marelli and LeddarTech have also entered into a technical an...

Nirmal. K. Minda appointed as President ACMA 2017-18

The Automotive Component Manufacturer Association of India (ACMA), an apex body which represents India's auto component manufacturing fraternity has announced the appointment of Nirmal K. Minda, Chairman & Managing ...

Prashanth Doreswamy to Head Continental Corporation in India

Prashanth Doreswamy will succeed Claude d'Gama Rose as the Market Head of Continental India and Managing Director, Continental Automotive India. Rose who will be retiring shall be succeeded by Doreswamy on October 1...

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...

Volvo Cars, Geely to establish joint venture to boost synergies

Volvo Cars is planning to set up a new joint venture technology company with Geely Holding, the Chinese car group, to share existing and future technology, deepen industrial synergies and provide the economies of sc...

Hitachi, Honda establish joint venture for electric vehicle motors

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...

Sasken Showcases ADAS Validation and ECU Consolidation

Sasken Technologies (formerly Sasken Communication Technologies), a leading product engineering and digital transformation solutions provider, recently showcased its automotive expertise with its automotive accelera...

Mahindra Electric unveils roadmap for making next gen electric vehicles

Mahindra Electric, manufacturer of electric vehicles (EV) and a part of the Mahindra Group, has unveiled a comprehensive technology and product roadmap, leading to the next generation of electric vehicles, which the...

GM India is out of Halol; Manufacturing consolidates at Talegaon plant

General Motors India officially announced that that it has ceased production at the Halol facility in Gujarat. With this move, the company has decided to consolidate its manufacturing at the Talegaon plant in Mahara...

SC bans BS III vehicles; Industry saddled with 8.2 lakh vehicles

The Supreme Court has banned sale of Bharat Stage III (BS-III) vehicles after March 31, 2017. This ruling will have an adverse effect on the Indian automobile industry which currently has an unsold inventory of near...

Motherson Sumi Systems acquires Finland’s PKC Group for Euro 571 million

Motherson Sumi Systems Ltd (MSSL) has acquired Finland based global auto component major PKC Group Plc for approximately Euro 571 million (Rs 4026 crore approx.)., a move that will help the Vivek Chaand Sehgal led ...

ACMA Study on Indian Automotive Aftermarket: The Road Ahead

The Indian automotive aftermarket stood at Rs 56,098 crore (USD 8.4 billion) in 2016-17 with a total vehicle parc of 228.7 million across the country. The Indian automotive aftermarket is expected to reach Rs. 75,70...

PSA Group, CK Birla Group sign two JVs with HMFCL and Avtec

PSA Group of France and CK Birla Group have signed joint-venture agreements to produce and sell vehicles and components in India by 2020. It was in 1976 that Citroën S.A. and Peugeot S.A. merged to form the PSA Peug...

IAC , Shenda to form JV for acoustic products

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...

Rockman Industries acquires majority stake in Moldex Composites

Rockman Industries, a Hero Group company has acquired a majority stake in Moldex Composites, a British-Indian venture, thereby making its intention known that it is investing in next-gen carbon composites technology...

ExxonMobil participates as a technical partner at CII energy meet

ExxonMobil Lubricants Private Limited participated as a technical partner at Confederation of Indian Industry’s (CII) third edition of workshops with industry associations and technical discussions with Accredited E...

Rohit Saboo receives Ashoka Award for  quality management

Rohit Saboo receives Ashoka Award for quality management

Cyrus Mistry praised; Tata Nano a loss making project, admits Tatas

The slugfest between the ousted Chairman of Tata Sons Cyrus Mistry and the Tata Group is appearing to go in favour of Mistry, with the latest developments vindicating him on several stands.

Ather Energy gets Rs 205 cr funding from Hero MotoCorp

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.

Cyrus Mistry comes out with guns blazing in letter to Tata Sons’ Board

Cyrus Mistry who was ousted from his position as Chairman of Tata Sons finally came out with his guns blazing in a hard hitting letter to the Directors of Tata Sons and to the Trustees of the Tata Trusts. He said in...

Mahindra acquires controlling stake in Classic Legends

Mahindra & Mahindra is on an acquisition spree in both its four-wheeler as well as two-wheeler businesses. After buying controlling stakes in companies like car maker Ssangyong of South Korea and Italian vehicle des...

Nissan completes 34pc acquisition of Mitsubishi Motors for US $ 2.28 billion

Mitsubishi Motors Corporation (MMC) has announced that Nissan Motor Co., Ltd. has become its largest shareholder after completing the purchase of 34% of MMC-issued stock for 237 billion JPY (approx US $ 2.28 billion...

Harshad Naik appointed MD, Huntsman India Subcontinent

Huntsman Corporation has named Harshad Naik as Managing Director, India Subcontinent, effective September 2016. Huntsman manufactures products for a variety of global industries, including automotive.




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