Shriram Automall acquires Bluejack, an  online car  auction platform

Shriram Automall India Limited (SAMIL) which is backed by Shriram Group & CarTrade, has acquired BlueJack, an online car selling portal in a bid to accelerate its offline auction market position with online used ca...

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 ...

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...

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 ...

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 ...

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...

China’s SAIC Motor Corporation to leverage technology prowess to make cars in India

SAIC Motor Corporation, the biggest vehicle manufacturer in China, will soon be starting operations in India through MG Motor India, its fully owned subsidiary. SAIC, which has acquired a massive technological prowe...

Continental appoints new Plant Manager for Modipuram tyre plant

Technology company and premium tyre manufacturer Continental has announced the appointment of Kuldeep Singh as plant manager for its tyre plant in Modipuram-Meerut, India. Kuldeep Singh succeeds Vivek Devgun who lef...

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...

Toyota Innova Crysta for Govt employees under ‘Drive the Nation’ campaign

Toyota Kirloskar Motor has further extended the benefits of its special initiative for government employees - “Drive the Nation” to its MPV Innova Crysta in the new year. So far applicable on the Etios series and Co...

Samvardhana Motherson acquires MS Global India

Samvardhana Motherson International Limited (SAMIL), the principal holding company of Samvardhana Motherson Group has announced that it has successfully acquired 100% of MS Global India Pvt Ltd (MSGI), from the Kore...

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...

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...

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...

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...

Hero Cycles acquires Firefox Bikes in premium cycle segment

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 acquires Haridwar tyre unit of Kesoram Industries for Rs 2200 crore

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...

Volvo Cars acquires control of its China joint ventures for SEK2.2bn

Volvo Cars has taken control of its three joint venture operations in China for SEK2.2bn in order to more accurately reflect its growing presence in the world’s largest car market. Volvo Cars now owns 50 per cent of...

Harman completes acquisition of Bang & Olufsen automotive audio business

Harman International Industries, a leading global infotainment, audio and software services company, has announced the successful completion of its acquisition of Bang & Olufsen Automotive car audio business. Bang &...

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...

Amrita University launches auto research centre

Coimbatore (Tamil Nadu) based Amrita University, a premier institution of higher learning in India, has inaugurated the Amrita Automotive Research & Technology Centre (AARTC), a joint venture between Amrita Universi...

New Advisory Board for Continental Intelligent Transportation Systems

Continental Intelligent Transportation Systems, LLC, headquartered in Silicon Valley, California, announced that effective January, 2015, Satish Khatu, former IBM General Manager, Global Industrial Sector, Helmut Ma...

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...

Spyker files for voluntary financial restructuring

Dutch automobile car maker Spyker N.V., together with its wholly owned subsidiary Spyker Automobielen B.V. (collectively “Spyker” or the “Company”), filed a voluntary petition on December 2, 2014 for financial restr...

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...

Fiat Chrysler Automobiles to spin off Ferrari

Ferrari S.p.A., makers of the iconic Ferrari cars, is being spun off as a separate company by Fiat Chrysler Automobiles (FCA) and will in all probability be listed in the United States as well as a European stock ex...

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, ...

AMP 2016 growth targets to fall short of 20-25pc

The sluggish macro-economic factors during the last three years have led to a significant slowdown, which is amongst the worst that the Indian automotive industry has witnessed. This has impacted the pace of growth ...

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 ...

Ravi Kant retires as Tata Motors’ Vice Chairman.

Veteran automotive industry leader Ravi Kant who was the Non-Executive Vice Chairman of Tata Motors, retired from the Board of the Company on May 31, 2014. As per the company’s retirement policy, he had to retire on...

Mahindra Logistics receives Rs 200 cr investment

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’ ...

Volvo’s own university’s for its employees

This one’s truly motivating---a company establishing its own university for its employees to hone their skills further. Volvo Group University in Ardenal in Gothenburg has opened its doors as the centre of further e...

Continental acquires British Co. Zytek Automotive

International automotive supplier Continental has taken over full ownership of its former joint venture, Zytek Automotive. The ownership comes into effect from February 3, 2014. Zytek is based in Fradley in the Unit...

Borgwarner completes acquisition of Wahler

Global powertrain supplier BorgWarner finalised its acquisition of Gustav Wahler GmbH & Co. KG. Wahler produces exhaust gas recirculation (EGR) valves and tubes as well as engine thermostats for both on- and off-roa...

ibibo group acquires bus tracking entity YourBus

Acquisition in the digital world continues and the latest is that the bus tracking and analytics firm, YourBus has been acquired by the ibibo group. This was stated by YourBus in a press release. The group had acqu...

Fiat reorganises after Chrysler buyout

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...

Eaton Corporation takes over Cooper Industries

Diversified industrial manufacturer Eaton Corporation plc has completed its acquisition of Cooper on

Audi AG acquires Ducati Motor Holding S.p.A.

Audi AG is acquiring from Investindustrial Group the tradition-steeped Italian sports motorcycle man

IAC group names James k. Kamsickas global CEO

International Automotive Components (IAC) Group has appointed James K. Kamsickas as Chief Executive

Defence minister inaugurates Defexpo-2012

Showcasing the country's military prowess and the nation's emergence as an attractive destination fo

TVS Group acquires Universal Components UK Ltd.

TVS group has announced the acquisition of Universal Components (UC) UK Ltd. – Britain’s leading ind

NEI unveils new brand identity

National Engineering Industries (NEI), a pioneer in the bearing manufacturing industry in India,

Onkar Kanwar of Apollo Tyres honoured

Onkar S. Kanwar inducted into Tire Industry Association's Hall of Fame, US

Continental AG to beef up India operations

Continental AG to beef up India operations post Modi Tyres acquisition

Hero MotoCorp unveils global brand identity

Hero MotoCorp Ltd., formerly known as Hero Honda, has launched its new name and logo at the O2 Arena

Carzonrent inducts a fleet of 90 Merc cars

Carzonrent, a mobility solutions company, purchased a fleet of 90 customized Mercedes-Benz cars

Continental acquires Modi tyre business

Continental, one of the leading international automotive suppliers and the world’s fourth largest

Continental wants to acquire Modi tyre business

Continental wants to acquire Modi tyre business

Pawan Goenka appointed chairman of Ssangyong Motor

Pawan Goenka appointed chairman of Ssangyong Motor Company

Mahindra completes acquisition of Ssangyong

Mahindra completes acquisition of Ssangyong

Behr lndia gears up for Euro 4 emission standards

Behr lndia gears up for Euro 4 emission standards

Premier rolls out 3 high-tech CNC machines

Premier Ltd. (formerly known as Premier Automobiles Ltd.), showcased three new CNC machines

Ssangyong-Mahindra Sign Definitive Agreement

Ssangyong Motor Company M&M its preferred bidder, announced the signing of a definitive agreement

Porsche Holding – Volkswagen deal through

Wolfsburg: The family shareholders of Porsche Holding Gesellschaft mbH, Salzburg, have resolved to e

Ashok Minda Group acquires Aksys, plant Koengen

NEW DELHI: Noida-based auto component major, Ashok Minda Group has announced the completion of acqui




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