Lumax Auto Technologies Limited (LATL), a leading Tier-1 automotive systems and components supplier, has completed the acquisition of 60% stake in Greenfuel Energy Solutions’ alternate fuels business for INR 153.09 crores through its wholly owned subsidiary Lumax Resources Pvt Ltd. The acquisition has been funded through a combination of debt and internal accruals. This acquisition […]
SWITCH Mobility (SWITCH) Automotive Ltd., a global manufacturer of electric buses and light commercial vehicles from the Hinduja Group and a subsidiary of Ashok Leyland, has entered into a strategic Memorandum of Understanding (MoU) with Vertelo. This MoU will enable SWITCH to deploy 1,000 electric vehicles across India over the next 3-5 years. Signed at an event […]
FlixBus India, a global travel-tech leader of affordable and sustainable travel and S.M. Kannappa (SMK) Automobiles Private Limited, a pioneer in bus body manufacturing, have signed a Memorandum of Understanding (MoU) at an event held at The Ritz Carlton, Bengaluru. This strategic partnership is aimed at enhancing the mobility experience by combining SMK’s cutting-edge bus […]
Ashok Leyland, the Indian flagship of the Hinduja Group and country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Bandhan Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Bandhan Bank to offer customized financial solutions to them. The MoU was […]
Rajesh Rajgor recently spoke with Nikhil B., Deputy Managing Director of Madhus Garage Equipment Pvt. Ltd., about their strategic partnership with GYS, a renowned French welding equipment company with over 60 years of industry expertise. This collaboration aims to broaden Madhus product range and bolster its market influence. Nikhil emphasized their strategy of leveraging a […]
Blue Dart Express Limited, South Asia’s premier express air, integrated transportation, and distribution logistics company, has announced a ground-breaking partnership with India Post. With this collaboration, Blue Dart introduces automated Digital Parcel Lockers at selected post offices, offering customers an additional delivery method. This innovation allows consignees to conveniently retrieve their shipments from digital parcel […]
TVS Motor Company, a leading global automaker that operates in the two and three-wheeler segments, has announced its entry into Europe by signing an agreement for import and distribution with Emil Frey, a 100 year old enterprise and a leading name in automotive distribution. This partnership signifies a significant step towards global expansion for TVS Motor Company, leveraging Emil Frey’s extensive distribution network and […]