Automotive News

Automotive

TVS Motor to acquire 4.9% stake in Jana Small Finance Bank for 1,933 million INR

TVS Motor Company has approved a 1,933 million INR equity purchase to secure a 4.9% stake in Jana Small Finance Bank. Part of a broader 9.9% acquisition strategy by TVS VENU, the transaction aims to deepen the automotive major's collaboration within the retail banking and credit ecosystem.

2 days ago • India

Automotive

Maruti Suzuki starts production at second Kharkhoda plant, adding 250,000 units capacity

Maruti Suzuki has commenced commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana, adding 250,000 units annual capacity. Total capacity at Kharkhoda now reaches 500,000 units, with Maruti Suzuki's overall annual production across all facilities reaching 26.5 lakh units.

2 days ago • India

Automotive

Hyundai Motor Group expands India CoE network with four new academic partners

Hyundai Motor Group has expanded its Center of Excellence in India, adding IIT Kanpur, IIT Hyderabad, VNIT Nagpur, and Tezpur University to form a seven-university consortium. The CoE is advancing 39 joint projects in battery cells, BMS, energy density, safety, and diagnostics, including AI-powered V2G platforms and India-specific EV technologies.

2 days ago • India

Investments & Funding

Ola Electric board approves ₹20 billion investment in EV and battery cell subsidiaries

Ola Electric Mobility’s board has approved ₹20 billion in investments for its wholly owned subsidiaries - ₹15 billion for Ola Electric Technologies (EV manufacturing) and ₹5 billion for Ola Cell Technologies (battery cells) via compulsory convertible preference shares, to be completed by May 14, 2027.

2 days ago • India

Investments & Funding

TRATON GROUP issues €500 million debut green bond for electric truck transition

TRATON GROUP has placed a €500 million debut green bond with a 3.875% coupon and 5.5-year maturity, alongside a €350 million green loan. The €850 million total proceeds will fund battery-electric commercial vehicles and emission-free mobility projects, with the framework earning a Dark Green rating from S&P Global.

2 days ago • Germany

Engineering & EPC

GHV Infra Projects secures EUR 630 million EPC contract for Cameroon tyre plant

Indian infrastructure firm GHV Infra Projects has received a letter of intent for a EUR 630 million greenfield tire manufacturing facility in Cameroon. The project, located in Douala, will produce 7.6 million tires annually, marking a significant expansion of industrial capacity in the central African region.

2 days ago • Cameroon

Investments & Funding

Maharashtra positions Mumbai region for multi-sector growth with $6.5 billion Vingroup investment plan

Maharashtra has entered into a strategic agreement with Vietnam’s Vingroup to explore $6.5 billion in investments across urban development, electric mobility, renewable energy, and infrastructure, signaling expanding foreign participation in India’s urban and sustainability-focused economic transformation.

2 days ago • India

Renewable Energy

EIB provides €146 million to Kronospan for industrial decarbonisation and energy resilience in central europe

The European Investment Bank has extended €146 million to Kronospan to deploy solar generation, battery storage, and electric fleet infrastructure across its central European manufacturing sites. The financing supports EU climate objectives and strengthens sustainable building material supply chains.

2 days ago • Central Europe

Automotive

Andhra Pradesh approves Cargo Matters' ₹1 billion EV freight hub

The Andhra Pradesh government has cleared a ₹1 billion investment by Cargo Matters to develop an integrated electric vehicle manufacturing and charging facility in Madanapalle. The project, aligned with the state's EV policy 4.0, targets heavy commercial vehicle electrification through retrofitting, charger production, and R&D infrastructure.

2 days ago • India

Automotive

Ashok Leyland expands EV strategy with new battery pack manufacturing facility in Tamil Nadu

Ashok Leyland has begun construction of a battery pack manufacturing plant near Chennai with an investment of about Rs.4 to 5 billion. The facility will produce battery systems for electric commercial vehicles, supporting India’s EV supply chain localization and reinforcing Tamil Nadu’s position as a manufacturing hub.

2 days ago • India

Financial Services

Axis Bank aligns with Tesla to expand premium EV financing options across India

Axis Bank has partnered with Tesla to provide specialized financing for customers purchasing the US electric vehicle manufacturer’s cars in India. The initiative introduces customized loan structures and digital onboarding, reflecting growing collaboration between financial institutions and EV manufacturers as India’s premium electric mobility market develops.

2 days ago • India

Logistics

Maruti Suzuki secures VCS registration for Gujarat rail logistics shift project

Maruti Suzuki India Limited has received registration under Verra’s Verified Carbon Standard for its Gujarat in-plant railway siding, marking it as the first modal shift transportation project recognised under the programme. The initiative is expected to generate about 170,000 carbon credits over a 10-year period.

2 days ago • India

Mergers & Acquisitions

Boyd Group announces $1.3 billion deal to acquire Joe Hudson's Collision Center, expanding U.S. Footprint

The Boyd Group has entered into an agreement to acquire Joe Hudson's Collision Center (JHCC) from TSG Consumer Partners in a $1.3 billion deal. The acquisition will add 258 U.S. collision repair facilities to Boyd’s network, strengthening its presence in the fast-growing Southeast region.

2 days ago • United States

Automotive

Vietnam begins construction of USD 319 Million GEL-O&J automobile manufacturing plant in Hung Yen

Vietnam’s Geleximco Group and China’s Chery Group have officially started construction of the GEL-O&J automobile manufacturing plant in Hung Yen Province. With a total investment of USD 319 million, the two-phase project is expected to become a major automotive production hub in the region.

2 days ago • Vietnam