Tata Motors which recently showcased an electric variant of Indica today made a strategic acquistion to fulfill its ambition of launching the car in 2009. Tata Motors’ UK subsidiary, Tata Motors European Technical Centre plc, has acquired a 50.3% holding, at an acquisition cost of Kroner 12 million (Rs.9.40 crores), in Miljø Grenland/Innovasjon, Norway, which …
Category Archives: Auto Stocks
Mahindra and Mahindra eyes Hummer
Get ready for another indian showdown, last year Tata successfully acquired Jaguar and Land Rover. This year another Indian manufacturer may get control of one of the world’s finest brand.The iconic Hummer brand of General Motors is on the block. Several parties including India’s Tata Motors, Mahindra and Mahindra, a russian company and a Chinese …
M&M forms Mahindra Kinetic with Kinetic
Mahindra and Mahindra would formally announce about its new joint venture with Kinetic motors. The JV called ‘Mahindra – Kinetic’ will manufacture two wheelers. Mahindra would hold an 80 percent stake in the new firm, with Kinetic holding the rest. More details are awaited
TVS net profit skids
A 52 percent drop in profit reported by TVS pushed the TVS scrip to a 52 week low. The shares of TVS shed more than 3 per cent after the announcement. TVS scrip touched a 52-week low of Rs 25.20. TVS reported a revenue of Rs 3,291 crore for the year ended March 31, 2008, …
Mahindra gets closer to acquire Kinetic
Accordintg to Economic Times, Mahindra and Mahindra has signed a term sheet with Kinetic Motors in its bid to acquire a majority stake in the company. A term sheet is a non-binding agreement setting forth the basic terms and conditions under which an investment is to be made in a company. Mahindra is looking to …
Tata eyes MV Agusta
Recently we informed you about the Mahindra’s plan to pick up stake in Kinetic Motors. Now the Mahindra’s arch rival and India’s largest business group Tata is rumoured to be in talks with Italian manufacturer MV Agusta (Meccanica Verghera). After the purchase of prestigious Jaguar and Land Rover, Tata may end up with yet another …
Is the worst over?
India’s leading two wheeler manufacturer has come out with double digit growth after a long time. All the two wheeler manufacturers have posted negative sales for more than past 6 months. Hero Honda eported a 15.36 per cent jump in motorcycle sales during March at 3,20,594 units as against 2,77,915 units in the same month …
Europeans to ride Indian made Yamaha bikes
Yamaha to export bikes from India Yamaha which makes every possible move to revive its Indian operations will soon export bikes from India. Yamaha will begin selling Indian-made motorcycles in Europe as early as next year, President Takashi Kajikawa said. Though Indian market is still a larger market the motorcycle, the sales has been declining …
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YMI is now India Yamaha Motors
Yamaha will soon replace its money-losing Indian motorcycle business with the new venture called India Yamaha Motor (IYM). Unlike the Yamaha Motor India which is a 100% subsidiary of Yamaha MotorCycles (YMC), this new India Yamaha Motor is a joint venture between Yamaha Motors and Mitsui Corp. Mitsui’s investment will take the form of an …
Budget Impact: Cars and bike to become cheaper
Praise Mr Chindamabaram and feel good, the excise duty cut (lowered to 12 percent from 16 percent) on small cars, buses, motorcycles, scooters and three wheelers will make your beloved machines cheaper. Major manufacturers have already started announcing price cuts on their products. Small and Hybrid cars: “We have decided to pass on the benefit …
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