Shally Seth Mohile

India: JSW Group in talks with China’s Zhejiang Geely for electric vehicles JV

The proposed equal JV with a planned investment of around $1 billion will look at manufacturing premium electric vehicles, batteries and also setting up charging infrastructure.

UK’s Liberty House to enter India with acquisition of stressed assets

Its entry will be through acquisitions of distressed assets or direct investment.

India: Tata Motors denies reports of Jaguar Land Rover IPO

Tata Motors Ltd, India’s largest vehicle maker, denied a news report that the company is considering an initial public offering of its UK luxury unit Jaguar Land Rover Automotive Plc. “It’s untrue. We don’t have any plans of listing JLR,” said a Tata Motors spokesperson. Late on Monday night, Bloomberg… Read more »

India: Tata Power set to acquire 118.2m shares of Tata Teleservices

Tata Power Co. Ltd is set to acquire 118.2 million shares of Tata Teleservices Ltd, the company said in a filing to the stock exchanges on Tuesday. Tata Power’s move follows the 28 April order of the Delhi high court in which it approved the consent terms between Tata Sons… Read more »

India: Tata Motors forms JV with Jayem Automotives for performance vehicles

The joint venture called JT Special Vehicles Pvt. Ltd will work to enhance the performance and appearance of Tata Motors vehicles.

India: N Chandrasekaran to take the reins of Tata Sons today

Sometime in the first half of Tuesday, 21 February, the directors of Tata Sons Ltd will meet in the boardroom at Bombay House, the conglomerate’s iconic headquarters in south Mumbai. Interim chairman Ratan Tata, 79, will chair the meeting, which has been called to mark Natarajan Chandrasekaran’s “assumption of charge”,… Read more »

India: Mahindra acquires 75% stake in Turkish farm-equipment maker Hisarlar

The dealwill help in growing the farm equipment business in Turkey and Europe.

India: Tata AutoComp concludes acquisition of TitanX

The acquisition is in line with its strategy of expanding globally and fortifying presence in the cooling and emission control segments.

Sonalika Tractors in JV talks to set up plant in China

International Tractors Ltd, the makers of Sonalika brand of farm equipment and India’s third largest tractor maker by volume, is in talks with a Chinese tractor maker to form a joint venture for a plant it is putting up in Shandong province, a top company official said. Work on the… Read more »

India: Tata Sons removes Cyrus Mistry as chairman, Ratan Tata to step in

Ratan Tata will take over as Tata Sons interim chairman for 4 months, while a search committee looks for a replacement for Cyrus Mistry