The company began working with a financial advisor to explore a sale earlier this year and received initial bids in September.
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INDUSTRY NEWSLatest News
Hyundai Verna Earns 5-Star Safety Rating in Latest Global NCAP Crash Test
by Biplab Dasby Biplab DasThis is the first time a made-in-India Hyundai vehicle has received a top rating from Global NCAP.Â
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INDUSTRY NEWSLatest News
Pirelli’s Investors, Sinochem and Silk Road Fund, End Collaboration Agreement
by Biplab Dasby Biplab DasSinochem and Silk Road Fund collectively hold stakes of 37% and 9%, respectively, in Pirelli.
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The breakdown of these sales units reveals 28.9 million units in Japan and 51.27 million units overseas.
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As part of Volksfest 2023, Volkswagen has unveiled feature enhancements for two of its popular models, the Taigun and Virtus.
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INDUSTRY NEWSLatest News
GM, Ford Announce Additional Layoffs Amidst Ongoing UAW Strike
by Biplab Dasby Biplab DasThe ongoing strike has taken a toll on several facilities, leading to workforce reductions.
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INDUSTRY NEWSLatest News
Uno Minda to Raise Ownership Share to 76 pc in its Collaborative Venture with Westport
In addition to the increased stake acquisition from Westport, MWTL is also poised to acquire the assets of Rohan BRC Gas Equipment Pvt. Ltd., a …
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The released sketches showcase a powerful and emotionally charged design, featuring several noteworthy elements.
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The joint venture, known as Musashi Delta e-Axle India Private Limited, aims to manufacture one million EV drive units to be sold by 2030.
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Tesla is reportedly in the process of enhancing its “gigacasting” technology to enable the die casting of almost all underbody parts for its vehicles as …