Hyundai Motor India Ltd. (HMIL) has announced plans to establish and operate a tooling centre in India, following approval from its board of directors on March 24, 2025. The company intends to invest approximately INR 6.94 billion in the facility, which will focus on manufacturing stamping tools and panel production for vehicles. According to HMIL, […]
Hero MotoCorp has announced a strategic investment in Euler Motors, marking its entry into the electric three-wheeler segment. The company’s board has approved an investment of up to INR 5.25 billion (USD 63 million) in one or more tranches. The investment is aimed at strengthening Hero MotoCorp’s position in the expanding electric vehicle (EV) market. […]
Samvardhana Motherson International Limited (SMIL) has announced that its subsidiary, Samvardhana Motherson Automotive Systems Group B.V. (SMRP B.V.), will invest between USD 5 million and USD 7 million in REE Automotive Ltd. According to a regulatory filing, the investment is aimed at maintaining SMRP B.V.’s existing ownership percentage in REE Automotive as the latter raises […]
Shivam Autotech Limited has approved a corporate term loan of INR 400 million to partially refinance existing debt and support working capital needs, according to a regulatory filing submitted to stock exchanges. The company, which manufactures precision components for vehicle manufacturers, has been managing industry challenges such as fluctuating raw material costs and changing market […]
Rangsons Aerospace has raised INR 3 billion (USD 36.5 million) in an investment round led by ValueQuest Investment Advisors, with Anand Rathi Advisors acting as the financial advisor. The funding aims to enhance the company’s operational capacity and facilitate growth into new business areas through strategic acquisitions. In January 2024, Rangsons Aerospace entered into a […]
Electric two-wheeler manufacturer Ultraviolette plans to invest up to USD 100 million over the next three to four years to expand its product portfolio, manufacturing capacity, and sales network. The company aims to achieve annual sales of 100,000 units within this period and expand its presence in India, Europe, and Southeast Asia. The company has […]
Jay Bharat Maruti Limited (JBML) has increased its stake in JBM Ogihara Die-Tech (P) Ltd. (JODT) from 39% to 49% by acquiring an equity stake from joint venture partner Ogihara Thailand Co. Ltd. (OTC). JODT, a joint venture with JBM Auto Ltd. (JBMA) and OTC, manufactures press stamping dies, including high-tensile and critical body-in-white (BIW) […]
Suzuki Motor Corp has announced a revised strategy for its operations in India, aiming to achieve an annual production capacity of 4 million vehicles by FY2030. The company outlined this plan in its mid-term management strategy for FY2025-30, released on February 20. The expansion is expected to serve both domestic and export markets, including Europe […]
Vedanta’s shareholders and creditors have approved a demerger plan to split the company into five separate entities: Vedanta Limited, Vedanta Aluminium, Talwandi Sabo Power, Vedanta Steel and Iron, and Malco Energy. The resolution received overwhelming support, with 99.9987% of shareholders, 99.5900% of secured creditors, and 99.9588% of unsecured creditors voting in favor. Initially, in September […]
Sundaram-Clayton Limited has announced the approval of the sale of its high-pressure and low-pressure aluminium die-casting businesses at its Hosur plant. The company’s Board of Directors approved the decision in a meeting held on February 19, 2025. The identity of the prospective purchaser(s), the structure of the transaction, and the sale consideration are yet to […]
