Mahindra and Mahindra Limited signed a Share Purchase Agreement on 28th September to sell its entire stake in Sampo Rosenlew Oy to Turkish investment firm Tera Yatirim Teknoloji Holding Anonim Sirketi (TERA). The divestiture ends M&M’s ownership of the Finnish combine harvester and forestry equipment manufacturer, which it acquired as a wholly owned subsidiary. The… Continue reading Mahindra Sells Finnish Subsidiary Sampo Rosenlew to Turkey’s TERA
Author: Autocar_Professional India Online News
JSW MG Motor Sees 70-80% Sales from New Energy Portfolio as EVs Reach Price Parity
JSW MG Motor India has aimed to target 70-80% of sales from new energy vehicles in the coming years, according to MD and CEO Anurag Mehrotra. The expectation is based on a fundamental market shift: electric vehicles have achieved price parity with their internal combustion engine counterparts in comparable segments. “If you look at a… Continue reading JSW MG Motor Sees 70-80% Sales from New Energy Portfolio as EVs Reach Price Parity
iGo Mobility Secures ₹8.2 Cr Pre-Seed Funding to Advance Electric Trike Technology
iGoWise Mobility, an electric vehicle startup developing three-wheeled transportation solutions, has completed a ₹8.2 crore pre-seed funding round. The investment was led by ISB Angels, 888VC, and Guptaji VC. The company, which operates under the brand name iGo, specializes in electric trikes designed for urban and rural Indian markets. Its flagship product, the BeiGo Rugged… Continue reading iGo Mobility Secures ₹8.2 Cr Pre-Seed Funding to Advance Electric Trike Technology
AARI Maintains Moto Morini and Benelli 502C Prices Despite GST Increase
Hyderabad-based Adishwar Auto Ride India (AARI) announced on September 29, 2025, that it will not raise prices on select Moto Morini and Benelli motorcycles despite a recent increase in Goods and Services Tax (GST) on motorcycles exceeding 350cc engine capacity. The company will absorb the additional tax burden rather than pass it on to consumers.… Continue reading AARI Maintains Moto Morini and Benelli 502C Prices Despite GST Increase
VinFast India Partners with State Bank of India for EV Dealer Financing
VinFast Auto India signed a Memorandum of Understanding with State Bank of India on Sunday to provide inventory financing for its exclusive dealer network, marking a strategic partnership to accelerate electric vehicle adoption in India. The collaboration enables the Vietnamese EV manufacturer to leverage SBI’s extensive pan-India branch network and digital platforms to reach customers… Continue reading VinFast India Partners with State Bank of India for EV Dealer Financing
JLR Begins Phased Restart After Major Cyber Incident
Jaguar Land Rover has begun a phased restart of its manufacturing operations following a major cyber incident that disrupted production earlier this month, Tata Motors told stock exchanges in an update on Monday. In its latest statement, JLR confirmed that it has moved into a recovery phase and begun a controlled restart of select manufacturing… Continue reading JLR Begins Phased Restart After Major Cyber Incident
JLR Begins Phased Restart After Major Cyber Incident
Jaguar Land Rover has begun a phased restart of its manufacturing operations following a major cyber incident that disrupted production earlier this month, Tata Motors told stock exchanges in an update on Monday. In its latest statement, JLR confirmed that it has moved into a recovery phase and begun a controlled restart of select manufacturing… Continue reading JLR Begins Phased Restart After Major Cyber Incident
Chery Tiggo 8 SUV design patented in India
Chinese carmaker Chery Automobile has filed design patents for the Tiggo 8 SUV. Images of the SUV, which have surfaced on the Indian patent database, show the Tiggo 8 in its latest international avatar – a large, three-row SUV that sits above the likes of the Hyundai Alcazar, Tata Safari and Mahindra XUV700 in terms… Continue reading Chery Tiggo 8 SUV design patented in India
NRL Recycling Acquires Tycod Autotech for INR 240 Million
NRL Recycling Limited, a recycling and waste management company, has acquired Tycod Autotech Pvt Ltd in an all-cash transaction valued at INR 240 million as part of its strategy to move up the value chain from scrap processing to aluminium alloy production and precision-engineered automotive components manufacturing. The acquisition represents a forward integration move that… Continue reading NRL Recycling Acquires Tycod Autotech for INR 240 Million
Valvoline Cummins India Launches India’s First Full Synthetic CK4 Engine Oil
Valvoline Cummins India has launched All Fleet Full Synthetic CK4, positioning it as India’s first full synthetic CK4 engine oil in the heavy-duty engine oil segment, specifically engineered for modern heavy-duty diesel engines and commercial vehicles meeting BSVI emission standards. The product launch represents what the company describes as an industry-first innovation in India’s commercial… Continue reading Valvoline Cummins India Launches India’s First Full Synthetic CK4 Engine Oil