Tata Motors plans to raise close to €1 billion through equity via either a rights issue or qualified institutional placement (QIP) and monetise its stake in Tata Capital to help repay a €3.8 billion bridge loan it will use to acquire Italy’s Iveco Group, Group CFO PB Balaji said. The funding strategy is expected to… Continue reading Tata Motors to Raise €1 Billion, Monetise Tata Capital Stake to Fund Iveco Acquisition
Category: US Motoring Press
CEAT Launches ROCKRAD Radial Tyre for Mining Applications
CEAT announced the launch of ROCKRAD, its first radial tyre developed for mining and rough terrain applications, on July 31, 2025. The Mumbai-based company positions this product as its entry into the demanding mining tyre category while expanding its Truck and Bus Radial segment offerings. The tyre underwent testing in mining operations in Barbil, Odisha,… Continue reading CEAT Launches ROCKRAD Radial Tyre for Mining Applications
CEAT Launches ROCKRAD Radial Tyre for Mining Applications
CEAT announced the launch of ROCKRAD, its first radial tyre developed for mining and rough terrain applications, on July 31, 2025. The Mumbai-based company positions this product as its entry into the demanding mining tyre category while expanding its Truck and Bus Radial segment offerings. The tyre underwent testing in mining operations in Barbil, Odisha,… Continue reading CEAT Launches ROCKRAD Radial Tyre for Mining Applications
TVS Motor Q1FY26 Earnings: Consol net profit grows 32% YoY on record sales
Two-wheeler and three-wheeler major TVS Motor Company on Thursday posted 32.4% growth in its first quarter net profit on the back highest ever quarterly vehicle sales registered during the period. The Chennai-based company clocked consolidated net profit of Rs 610.04 crore, compared to Rs 460.88 crore in the year-ago period. Revenue from operations during the… Continue reading TVS Motor Q1FY26 Earnings: Consol net profit grows 32% YoY on record sales
TVS Motor Q1FY26 Earnings: Consol net profit grows 32% YoY on record sales
Two-wheeler and three-wheeler major TVS Motor Company on Thursday posted 32.4% growth in its first quarter net profit on the back highest ever quarterly vehicle sales registered during the period. The Chennai-based company clocked consolidated net profit of Rs 610.04 crore, compared to Rs 460.88 crore in the year-ago period. Revenue from operations during the… Continue reading TVS Motor Q1FY26 Earnings: Consol net profit grows 32% YoY on record sales
ZF Begins Production of Electric Park Brake System in India
ZF, the German automotive technology supplier, has commenced production of its Electric Park Brake (EPB) system in India for the first time in the passenger vehicle segment. The system will be integrated into a newly launched electric vehicle platform developed by an Indian original equipment manufacturer. The production milestone represents ZF’s initial deployment of EPB… Continue reading ZF Begins Production of Electric Park Brake System in India
Italy’s Government Endorses Tata Motors’ Iveco Bid
Hours after Mumbai-based Tata Motors Commercial Vehicle and Iveco Group announced a definitive agreement to combine their commercial vehicle (CV) businesses in a landmark €3.8 billion all-cash deal, Palazzo Chigi (the official residence of the Prime Minister of Italy) and the entire Council of Ministers have pledged their support for the deal. The acquisition will be… Continue reading Italy’s Government Endorses Tata Motors’ Iveco Bid
Schaeffler India Launches Fourth Social Innovator Fellowship Program
Schaeffler India has announced the launch of its fourth Social Innovator Fellowship Program, targeting young innovators aged 18 to 35 who are developing solutions for environmental and societal challenges. The program, part of the company’s Corporate Social Responsibility initiative called HOPE, will select 10 participants to receive grants of INR 1.75 lakh each. The fellowship… Continue reading Schaeffler India Launches Fourth Social Innovator Fellowship Program
Chinese disruptors set sights on UK pick-up market
The double-cab pick-up market is heading for a shake-up as new Chinese entrants seek to capitalise on tougher emission standards with electrified versions. The UK market for pick-up trucks has been surprisingly resilient this year, with sales up 10% in the first six months to 20,902 despite an overall slump in light commercial vehicle sales.… Continue reading Chinese disruptors set sights on UK pick-up market
M&M Confirms Mid-Teens Growth Guidance, Two New EVs Coming in Q1 2026
Mahindra & Mahindra (M&M) is sticking to its guidance of double-digit growth in its SUV business, reaffirming a mid-to-high teens volume growth outlook for FY26, backed by a flurry of upcoming launches. These include two all-new electric SUVs in Q1 of 2026, lower battery pack variants of existing electric models BE 6 and XEV 9E,… Continue reading M&M Confirms Mid-Teens Growth Guidance, Two New EVs Coming in Q1 2026