Amara Partners, the private equity fund launched by former Mahindra & Mahindra PE unit head Parag Shah, is set to raise its debut fund at ₹800 crore soon. The fund, which has roped in industrialist Anand Mahindra as an anchor investor, has seen participation from about 20 industrialists and their families across India. “There is… Continue reading Amara Partners nears ₹800 cr debut fundraise
Author: Economic Times of India Online News
GM outlines $4 billion plan to expand production of gas trucks and SUVs
General Motors will shift Cadillac Escalade production to Michigan and expand capacity for Chevrolet Silverado and GMC Sierra pickups as part of a $4 billion U.S. investment plan. General Motors said on Tuesday it will move production of the Cadillac Escalade to a Michigan assembly plant, while adding new capacity for gas-powered Chevrolet Silverado and… Continue reading GM outlines $4 billion plan to expand production of gas trucks and SUVs
Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation
Geely Automobile is set to take its premium EV unit Zeekr private in a $6.83 billion deal, acquiring remaining shares to streamline operations and boost competitiveness. Geely Automobile will take its premium electric vehicle unit Zeekr private at a $6.83 billion valuation, as the Chinese automaker streamlines its business and sharpens its competitive edge. Under… Continue reading Chinese carmaker Geely to take Zeekr unit private at $6.83 billion valuation
State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
State-owned Chinese automakers GAC and JAC Group are bracing for record second-quarter losses amid intensifying competition in domestic and global markets. Guangzhou Automobile Group (GAC) and JAC Group expect to post their biggest ever second-quarter losses next month, as the state-owned Chinese automakers struggle with competition at home and abroad. China’s auto sector is reeling… Continue reading State-owned Chinese carmakers GAC and JAC forecast record Q2 losses
Renault Group appoints Duncan Minto as Interim CEO
Duncan Minto, Renault The Board of Directors of Renault Group has appointed Duncan Minto as the interim Chief Executive Officer of Renault S.A., effective July 15, 2025. Minto, who currently serves as Chief Financial Officer (CFO) of the Renault Group, will assume the interim role until a permanent CEO is named. During this transitional phase,… Continue reading Renault Group appoints Duncan Minto as Interim CEO
US planes, cars, drinks on EU list for potential tariffs
The proposal then related to 95 billion euros of US goods. It has since been whittled down, though most of the main items have remained. Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of US goods the European Commission has proposed to impose tariffs on if talks… Continue reading US planes, cars, drinks on EU list for potential tariffs
Tesla is finally here. Will India be able to power it?
While Tesla can integrate into India’s public CCS2 charging network for basic compatibility, optimal performance demand Tesla’s own Supercharger infrastructure. From the availability of Tesla’s Superchargers to the readiness of India’s power grid, several million-dollar questions now take centrestage. With the EV giant officially entering the Indian market, marked by the grand opening of its… Continue reading Tesla is finally here. Will India be able to power it?
Hydrogen for long haul, EVs for short: CJ Darcl on India’s logistics fuel future
India’s logistics sector is evolving rapidly, with CJ Darcl’s Nikhil Agarwal highlighting the role of LNG, EVs, and hydrogen in driving sustainable growth. India’s logistics sector is going through a major transformation, with alternative fuels and digitisation at the forefront. In an interaction with ET Digital, Nikhil Agarwal, President of CJ Darcl Logistics, discusses the… Continue reading Hydrogen for long haul, EVs for short: CJ Darcl on India’s logistics fuel future
Global EV sales jump 24% in June though North American market struggles, research firm says
Global EV and plug-in hybrid sales rose 24% in June, driven by strong demand in China and Europe, though U.S. sales dipped 1% amid policy shifts. Global sales of electric and plug-in hybrid vehicles jumped 24% in June from a year ago, as a switch to electric vehicles maintained momentum in China and Europe, market… Continue reading Global EV sales jump 24% in June though North American market struggles, research firm says
Nissan to close its Oppama plant in Japan to cut costs
Nissan will shut its flagship Oppama plant by March 2028, shifting production to southwestern Japan as part of a cost-cutting restructuring plan. Nissan is closing its flagship factory in Oppama, Japan, to cut costs and moving all its production there to another plant in southwestern Japan. Vehicle production at the Oppama plant in Kanagawa Prefecture… Continue reading Nissan to close its Oppama plant in Japan to cut costs