Hyundai Motor’s planned USD 3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share,… Continue reading Hyundai seeks expansion, higher valuation with India IPO: Report
Tag: Suzuki
Hyundai seeks expansion, higher valuation with India IPO: Report
Hyundai Motor’s planned USD 3 billion IPO in India will help the carmaker score two goals in one go: expand in one of the world’s fastest growing markets and tackle the so-called “Korea discount” that suppresses the value of its business back home. Hyundai, India’s second-biggest carmaker behind Maruti Suzuki with a 15% market share,… Continue reading Hyundai seeks expansion, higher valuation with India IPO: Report
Acoustic Vehicle Alert System Market to Reach $1.95 Billion, Globally, by 2032 at 12.6% CAGR: Allied Market Research
Surge in government regulation, technological advancement, and rise in demand for electric vehicles drive the growth of the global acoustic vehicle market. WILMINGTON, Del., Feb. 14, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Acoustic Vehicle Alert System Market by Propulsion Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV)), and Vehicle… Continue reading Acoustic Vehicle Alert System Market to Reach $1.95 Billion, Globally, by 2032 at 12.6% CAGR: Allied Market Research
Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%
To date, Indian Oil has purchased over 14.8 million Phinergy shares, in two installments, for a total of approximately $25 million TEL AVIV, Israel, Feb. 14, 2024 /PRNewswire/ — Phinergy (TASE: PNRG) – which develops metal-air technology that produces electricity by combining oxygen from the air with metals – is delighted to announce that multinational energy giant,… Continue reading Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%
Acoustic Vehicle Alert System Market to Reach $1.95 Billion, Globally, by 2032 at 12.6% CAGR: Allied Market Research
Surge in government regulation, technological advancement, and rise in demand for electric vehicles drive the growth of the global acoustic vehicle market. WILMINGTON, Del. , Feb. 14, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Acoustic Vehicle Alert System Market by Propulsion Type (Battery Electric Vehicle (BEV) and Plug-In Hybrid Electric Vehicle (PHEV)), and Vehicle… Continue reading Acoustic Vehicle Alert System Market to Reach $1.95 Billion, Globally, by 2032 at 12.6% CAGR: Allied Market Research
Japan’s NEC spurned PE offers before selling stake in iPhone supplier at discount
Japan’s NEC received multiple buyout offers from global private equity funds for iPhone supplier Japan Aviation Electronics Industry before agreeing to sell back much of its 51% stake to the Japanese company at a discount, five people said. At least three global funds all made offers to both NEC and its listed subsidiary JAE, indicating… Continue reading Japan’s NEC spurned PE offers before selling stake in iPhone supplier at discount
@Toyota: Daihatsu Removed from CJPT in Light of Certification Irregularities
Feb. 13, 2024 Commercial Japan Partnership Technologies Corporation Commercial Japan Partnership Technologies Corporation (CJPT) has announced today that it has accepted a request initiated by Daihatsu Motor Co., Ltd. (Daihatsu) for removal from CJPT in light of procedural irregularities in certification applications. Since its establishment in April 2021, CJPT has been carrying out on-site efforts… Continue reading @Toyota: Daihatsu Removed from CJPT in Light of Certification Irregularities
@Toyota: Daihatsu Removed from CJPT in Light of Certification Irregularities
Feb. 13, 2024 Commercial Japan Partnership Technologies Corporation Commercial Japan Partnership Technologies Corporation (CJPT) has announced today that it has accepted a request initiated by Daihatsu Motor Co., Ltd. (Daihatsu) for removal from CJPT in light of procedural irregularities in certification applications. Since its establishment in April 2021, CJPT has been carrying out on-site efforts… Continue reading @Toyota: Daihatsu Removed from CJPT in Light of Certification Irregularities
Maruti Suzuki’s SUV and MPV production jumps 100% to 58,226 units in January 2024
Maruti Suzuki India, which is witnessing surging consumer demand for its range of SUVs and MPVs, has ramped up production to meet the wave of bookings coming its way. The passenger vehicle market leader manufactured a total of 200,767 passenger vehicles in January 2024, an increase of 13% year on year (January 2023: 178,429 units).… Continue reading Maruti Suzuki’s SUV and MPV production jumps 100% to 58,226 units in January 2024
Maruti Suzuki’s Rahul Bharti expects Red Sea Crisis to have some bearings on costs: PTI
Maruti Suzuki might see an increase in costs on the back of rerouting of vessels due to the Red Sea Crisis, a senior company official informed PTI. The carmaker which exported roughly 2.7 lakh cars in the previous calendar year, stated that it does not expect the Red Sea Crisis to have a significant impact… Continue reading Maruti Suzuki’s Rahul Bharti expects Red Sea Crisis to have some bearings on costs: PTI