Tata Power, Tata Motors sign PPA to commission India’s largest carport at Pune

Tata Power, India's largest integrated power utility has achieved a new milestone by signing a Power Purchase Agreement (PPA) with Tata Motors to commission India’s largest carport. With 6.2 MWp capacity, the projec...

STELLANTIS is the new group name post merger of FCA, Groupe PSA

As both Fiat Chrysler Automobiles N.V. and Peugeot S.A. ("Groupe PSA") move towards the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, the two companies have...

GWM, Maharashtra govt sign MoU; Commits US $ 1 billion investment in India

Great Wall Motor (GWM), a global SUV manufacturer based in China has signed an MOU with the Maharashtra government to set up a state-of-the-art automotive manufacturing facility in Talegaon, committing an investment...

Great Wall Motor expands to Thailand, coinciding with India debut

Post its India debut, Great Wall Motor (GWM) is expanding its global footprint by signing an agreement for the purchase of General Motors’ manufacturing facility in Rayong, Thailand. This announcement is subject to ...

CBI books former Maruti MD Jagdish Khattar in Rs 110cr PNB loan fraud

The Central Bureau of Investigation (CBI) has booked former Maruti Udyog (now Maruti Suzuki) Managing Director and founder of Carnation Auto (the company was recently sold to Mahindra First Choice Services) Jagdish ...

Volkswagen India gets rooftop solar PV power project in India at Chakan facility

Volkswagen India Pvt Ltd (SAVWIPL) has successfully installed its largest rooftop solar PV power project in the auto Industry world-wide and one of India’s largest rooftop installation at its manufacturing facility ...

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...

Jaguar Land Rover, BMW Group announce collaboration for next gen electrification technology

Jaguar Land Rover and BMW Group have confirmed they are joining forces to develop next generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies, a central pa...

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...

Mahindra and Ford set to develop a compact SUV

Mahindra Group and Ford Motor Company have taken the next step in strengthening their ongoing strategic alliance in India with a definitive agreement to co-develop a midsize sports utility vehicle (SUV). Under the n...

‘Ambassador’ name will be used very respectfully, says Linda Jackson

Even though reports suggest that Groupe PSA would be using the iconic ‘Ambassador’ name for its electric vehicles in India in the future, there was no official confirmation on it during the unveiling of the Citroen ...

Toyota, Suzuki announce major global initiatives on new technologies

Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) have finally elaborated on their plans to work together not only in India but also globally by leveraging each other’s core strengths on electr...

Hyundai, Kia invest Rs 2062 crore in India’s mobility service provider Ola

Hyundai Motor Group and Ola, one of the world’s largest ride-hailing platforms, announced a strategic partnership under which Hyundai Motor Company (Hyundai) and Kia Motors Corporation (Kia) will make their biggest ...

Cero (Mahindra MSTC Recycling Pvt. Ltd.) is India’s first authorised recycler of vehicles

Cero (Mahindra MSTC Recycling Pvt. Ltd.) has become India’s first authorised recycler for motor vehicles, having received accreditation by the Delhi Government on December 21, 2018. Cero, a joint venture between Mah...

Kia Motors India, AP Govt sign MoU to drive future eco mobility

Kia Motors India has signed a Memorandum of Understanding (MoU) with the state of Andhra Pradesh to collaborate on the ‘Partnership for Future Eco Mobility’, The partnership reinforces Kia’s commitment to support th...

Mahindra’s Igatpuri Plant Is India’s first carbon neutral facility

The Mahindra Group took a big step forward in its commitment to becoming carbon neutral by 2040, with its Igatpuri manufacturing plant recently becoming India’s first carbon neutral manufacturing facility. This was ...

Mahindra First Choice Services buys key assets of Carnation Auto

Mahindra First Choice Services (MFC Services) has entered into an asset acquisition agreement with the official liquidator of Carnation Auto (India) Pvt. Ltd. (CAPL). As a result, MFC Services will acquire key asset...

Mahindra signs strategic partnership agreement with Castrol India

Mahindra & Mahindra and Castrol India, a leading automotive and industrial lubricant manufacturing company in the country, announced the signing of a new strategic partnership agreement between the two companies. U...

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...

FCA files trade complaint against Mahindra in US; Says Roxor is a copy of Jeep

Automotive major Fiat Chrysler Automobiles (FCA) has filed a trade complaint against the Anand Mahindra-controlled Mahindra & Mahindra (M&M) seeking to stop the latter from selling the Roxor off-road vehicle in the ...

Huawei, Audi sign memorandum of understanding for strategic cooperation

Audi, the German automobile manufacturer and Huawei, a leading information and communications technology company, have signed a memorandum of understanding (MoU) for a strategic cooperation. The agreement forms part...

BMW, Great Wall Motor sign JV agreement for MINI electric vehicles in China

The BMW Group and Chinese manufacturer Great Wall Motor have signed an agreement to produce MINI electric vehicles through a new 50:50 joint venture based in China. During an event for autonomous and connected drivi...

Audi and Hyundai plan to develop fuel cell technology

Audi AG and Hyundai Motor Group are driving the development of fuel cell technology. The two companies plan to cross-license patents and grant access to non-competitive components. The agreement is currently subject...

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...

Kinetic Green, Lamborghini family of Italy form joint venture

Pune based Kinetic Group’s company Kinetic Green Energy & Power Solutions Ltd signed a MOU (Memorandum of Understanding) with luxury brand Tonino Lamborghini to jointly set up a new joint venture company in India (i...

Maruti Suzuki to support Delhi Police in Traffic Safety Management System

Maruti Suzuki India Limited (MSIL) has joined hands with the Delhi Police to implement a Traffic Safety Management System (TSMS) in the national capital. The objective of TSMS is: • Reduction in accidents and fat...

Finally, Delhi to get automated driving test centres, courtesy Maruti Suzuki

Leading car manufacturer Maruti Suzuki India Limited (MSIL) has entered into an agreement with the Government of NCT of Delhi to set up state-of-the-art Automated Driving Test Centres across 12 locations in the city...

Erstwhile partners M&M and Ford explore strategic cooperation

After more than two decades of Mahindra & Mahindra joining hands with Ford to form a joint venture and subsequently ending the JV in 2005, both the automobile companies have come together again to explore a strategi...

Modi, Japanese PM Abe inaugurate Suzuki lithium ion battery plant

Indian Prime Minister Narendra Modi and his counterpart from Japan Shinzo Abe have inaugurated the Suzuki Motor Gujarat Private Limited's vehicle manufacturing facilities and lithium ion battery manufacturing facili...

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...

GM exit, a planned scam, say protesting GM India dealers

General Motors India’s decision to stop domestic sales in India is a planned scam, stated several dealers who were protesting along with their employees in New Delhi’s Jantar Mantar area on June 27, 2017. General Mo...

KSS to purchase majority of Takata assets for $ 1.588 billion; Takata files for bakruptcy

Michigan (US) based Key Safety Systems (KSS), one of the leading brands in automotive safety systems, has reached an agreement in principle with the recall rocked Takata Corporation of Japan to sponsor a restructuri...

General Motors India to cease sales in domestic market in 2017

Barely a few weeks after announcing that it is shutting operations in its plant in Halol in Gujarat, the company has now announced that General Motors India will focus on its growing vehicle export manufacturing op...

GM signs three-year wage agreement at Talegaon plant

GM India and the General Motors Employees union have signed a new three-year wage agreement that will support further advances in vehicle manufacturing quality, efficiency and an improved work environment.

Tata Motors, Volkswagen Group , Skoda sign MOU for exploring JVs

Tata Motors has signed a Memorandum of Understanding (MoU) for a long-term partnership with Volkswagen Group and Skoda, to explore strategic alliance opportunity for joint development of products. The agreement has ...

Uno Minda Group in JV agreement with Katolec Corporation of Japan

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...

Tata Motors, Microsoft India collaborate to redefine connected experience

Tata Motors and Microsoft India have announced a strategic agreement to redefine connected and personalised driving experiences for Indian customers. Tata Motors will leverage Microsoft’s connected vehicle technolog...

Iconic HM brand is now Le Ambassador after buyout by Peugeot

Within three weeks of announcing a tie up with the PSA Peugeot Group of France , the CK Birla Group has announced that Hindustan Motors Ltd, the manufacturer of the iconic Ambassador car, has executed an agreement w...

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...

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...

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...

Ssangyong Motor Signs LOI for JV with Shaanxi Automobile Group of China

SsangYong Motor Company, part of the Mahindra Group, has announced that as part of its effort to grow in China, the company signed a letter of intent (LOI) with the Shaanxi Automobile Group for a joint venture that ...

Volvo Cars, Uber to develop autonomous driving cars; Rs 2004 cr project

Volvo Cars and Uber are to join forces to develop next generation autonomous driving cars. The two companies have signed an agreement to establish a joint project that will develop new base vehicles that will be abl...

Mahindra Intertrade,  MSTC Ltd. JV agreement for auto shredding facility

Mahindra Intertrade Ltd., a part of the Mahindra Partners Division of Mahindra Group, and MSTC Ltd. (a Government of India enterprise) have signed a formal joint venture agreement to set-up India’s first-of-its-kind...

Prelim approval of 2.0L TDI Volkswagen settlement plan in US

Volkswagen AG announced that Judge Charles R. Breyer of the United States District Court for the Northern District of California has granted preliminary approval of the settlement agreement reached on June 28 with p...

Volkswagen settlement worth over $ 15 b in US over diesel emission mess

German car maker Volkswagen will be forking out more than $ 10 billion in a proposed settlement programme in the US in a bid to contain the mess created by a major diesel emissions related scam that rocked the compa...

Volvo Cars ties up with APM Terminals Inland Services in Chennai

APM Terminals Inland Services, South Asia has signed an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialised warehouse facility in Chennai. The customised warehouse will p...

Nissan-Mitsubishi alliance: Win-Win for both, Nissan wins twice, says Ghosn

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 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 ...

Volkswagen not to submit interim results in sensitive diesel scam probe

Volkswagen which had earlier stated that it would submit interim results of its probe into the diesel emissions scam, has now said it will not be able to do so because of various sensitive reasons. This decision, th...

BAE Systems down-selects Mahindra for proposed defence equipment

BAE Systems has down-selected Mahindra as its business partner for the proposed in-country Assembly, Integration & Test (AIT) facility for the M777 Ultra Lightweight Howitzer. Mahindra Aerospace and Defence Sector h...

Mahindra acquires a major style statement; To buy Pininfarina

Tech Mahindra Limited, a leading provider of IT, Networks and Engineering solutions and BPO services, and Mahindra & Mahindra have jointly entered into an agreement with Pincar S.r.l., to purchase a controlling stak...

Nissan sponsors global cricket events in major ICC partnership deal

Nissan (www.nissan.in) has agreed to a major eight-year deal with the International Cricket Council (ICC) that further strengthens its ties with global sport. The agreement, which runs through 2023, confirms Nissan ...

Volkswagen CEO Dr. Martin Winterkorn quits over emissions scandal

The Volkswagen global emission scandal involving diesel engine powered VW cars took its first major toll on September 23, 2015 with Prof. Dr. Martin Winterkorn, CEO of Volkswagen AG resigning from his post. Acceptin...

SPECIAL REPORT ON INDIAN TYRE INDUSTRY: An Un-Tyre-ing Journey

The Rs 50,000 crore Indian tyre industry today has a few reasons to smile and a few reasons to frown. On the one hand, after a lull in the industry while the demand for tyres in 2015-16 is seeing a growth coupled wi...

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...

South India Special Part 1: Tamil Nadu

Five states comprising Tamil Nadu, Kerala, Andhra Pradesh, Karnataka and the newly formed state of Telangana make up South India. Among these, it’s Tamil Nadu that is way ahead when it comes to its contribution to t...

South India Special Part 3: Andhra Pradesh

Andhra Pradesh is the eighth largest state in India and besides having abundant natural resources and mineral wealth, it boasts of the second longest coastline in the country. The State has thirteen districts. With ...

Aspada invests an initial USD $3.3 Million in EM3 AgriServices

Agricultural activities in the country will get an indirect boost with the decision of Aspada Investment Company to invest Rs 20 crore ($3.3 Million) in Delhi-based EM3 AgriServices Pvt Ltd. EM3 provides a full rang...

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...

BMW in kitty, Force Motors to set up new engine plant for Mercedes-Benz

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...

Mahindra First Choice Wheels raises $15 Million from US investor

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, ...

Isuzu Motors India trains ITI trainers in Chennai

Leading manufacturer of pick up vehicles in India, Isuzu Motors India Private Limited has concluded the 2nd five-day training for ITI trainers on the best practices in automobile engineering and technology in Chenna...

Kevin Flynn is new President & MD, Fiat Chrysler Automobiles India

Fiat Chrysler Automobiles (FCA) India has announced the appointment of Kevin Flynn as the new President and Managing Director for India Operations. In a press release, FCA India said this appointment is effective im...

Spyker bankruptcy declared null and void

Netherlands based Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively "Spyker" or the "Company"), on January 29, 2015 won an appeal filed on December 29, 2014 with the Appea...

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...

Mahindra’s Saab buy part of much bigger strategy

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...

Gadkari hails SAARC Motor Vehicle Agreement

Minister of Road Transport & Highways and Shipping Nitin Gadkari has stated that the proposed SAARC Motor Vehicle Agreement has wider scope for movement of all types of vehicles across Saarc member States and will b...

Audi CEO Stadler wants more walls to be torn down

On the 25th anniversary of the fall of the Berlin Wall, Audi CEO Rupert Stadler demanded tearing down a different wall. He said “finally tear down walls in the fields of business and politics.” In his dinner speech ...

Investcorp acquires safety apparel maker Dainese

Investcorp, a leading global provider and manager of alternative investment products, announced that it has reached an agreement with Lino Dainese, to acquire the specialist Italian retailer Dainese at an enterprise...

MIFA files for insolvency; Hero Cycles deal off

Mitteldeutsche Fahrradwerke AG (MIFA), a leading bicycle maker based in Germany has not only called off its business deal with India-based Hero Cycles (part of OP Munjal Group) but has also filed for insolvency afte...

Gadkari’s Road Transport Bill is revolutionary

The proposals in the Road Transport and Safety Bill 2014 are revolutionary in every sense. It has envisaged setting up a Motor Vehicle Regulation & Road Safety Authority of India. The bill has mooted a unified Driv...

Tata Motors partners UK-based Microlise

Indian automobile major Tata Motors has partnered with Microlise, one of Europe’s leading Telematics and Fleet Management solutions providers to bring in the latest global Fleet Telematics solutions to the Indian ma...

Hero Cycles buys equity stake in MIFA of Germany

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 ...

Continental expands its tie up in football

There is more football on the way for tyre manufacturer Continental. The company is already an official sponsor of the 2014 FIFA World Cup in Brazil and UEFA EURO 2016 in France. Now the Hanover-based company has ac...

Johnson Controls , SAIC company form JV

Johnson Controls the and Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of Huayu Automotive Systems Co., Ltd. (HASCO), the component group of Shanghai Automotive Industry Corporation (SAIC), ha...

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...

Shriram Pistons management appeals for normalcy

With the ongoing elections in the country, workers at automotive plants seem to be on a disruption mode. While the Toyotas and the Bajajs are facing severe hardship on this front, it now seems to be the turn of Shri...

Ferrari employees get Rs 3.4 lakh bonus

Ferrari is not only the maker of some of the world’s most exquisite cars that can be driven at very high speeds. The company Ferrari is also about rewarding its employees. According to a company statement, Ferrari h...

Maruti seeks minority shareholder view on Gujarat

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...

Nissan terminates distribution deal with Hover

Nissan has announced that its Indian subsidiary – Nissan Motor India Private Ltd (NMIPL) – has assumed full responsibility for the sales, marketing and distribution of all Nissan-branded vehicles and parts in India,...

Chrysler Group announces agreement with UAW

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...

Apollo Tyres “Disappointed”; To seek legal remedy

Following US based Cooper Tire’s announcement made on December 30, 2013 that it was terminating its deal with Onkar Kanwar controlled Apollo Tyres, the Indian tyre major has said in a statement that it is “disappoin...

Cooper Tire ends merger deal with Apollo Tyres

Cooper Tire & Rubber Company has announced it has terminated the merger agreement with Apollo Tyres. “It is time to move our business forward,” said Cooper Chairman, Chief Executive Officer and President Roy Armes. ...

JLR to build £ 240 million facility in Brazil

Jaguar Land Rover (JLR), a wholly-owned subsidiary of Tata Motors, has announced that it will be est

Nissan exports its 300,000th car from Ennore Port

Nissan Motor India Pvt. Ltd. (NMIPL) flagged-off its 300,000th car for export from Ennore Port Ltd.

Apollo files response to Cooper complaint

Apollo Tyres Ltd. has filed its answer to the complaint filed by Cooper Tire & Rubber Company with t

Cooper Tires-Apollo Tyres spat evident

A spat between India based Apollo Tyres and US based Cooper Tires is quite evident now. Apollo Tyres

HM to assemble Isuzu vehicles at Thiruvallur

Isuzu Motors India Private Limited, a subsidiary of Isuzu Motors Limited, Japan, has signed an agree

Apollo Tyres snaps up US-based Cooper for US$ 2.5b

Apollo Tyres Ltd and Cooper Tire & Rubber Company have announced the execution of a definitive merge

BMW Motorrad and TVS Motor Company join hands

BMW Motorrad has announced that they will be entering the sub 500cc segment. A long term cooperation

Isuzu to set up manufacturing unit for LCVs in AP

Isuzu Motors India Private Limited has signed an agreement with the Andhra Pradesh State Government

Mazda, Fiat agreement for new Alfa Romeo Roadster

Further to the joint announcement of May 23, 2012, Mazda Motor Corporation (Mazda) and Fiat Group Au

JLR signs LOI with Saudi Arabian government

Jaguar Land Rover (JLR), the marquee British brands owned by Tata Motors, and Saudi Arabia’s Nationa

National Electric Mobility Mission Plan 2020 soon

The National Electric Mobility Mission Plan 2020 is expected to be launched by Prime Minister Manmoh

Renault, Caterham decide to join forces

Renault and Caterham Group have announced their decision to join forces in pursuit of a common proje

JCB signs land purchase agreement in Jaipur

JCB, one of the world’s leading manufacturers of construction equipment, signed a land purchase agre




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