Mahindra to buy majority stake in Turkey’s Hisarlar for $19 mn

January 20, 2017 | Ankit Doshi

Mahindra & Mahindra Ltd, India’s biggest tractor maker, said on Friday it has agreed to acquire a 75.1% stake in Turkish farm machinery maker Hisarlar Makina Sanayi ve Ticaret Anonim Sirketi.

Motherson Sumi to acquire Finland's PKC Group for up to $610 mn

January 20, 2017 | TEAM VCC

Motherson Sumi Systems Ltd, India's largest auto-component maker, has agreed to acquire Finland's PKC Group Plc for as much as €571 million (Rs 4,150 crore or $610 million).

India December auto sales post steepest drop in 16 years on cash woes

January 10, 2017 | Reuters

India's automobile sales saw their biggest monthly fall in 16 years in December after Prime Minister Narendra Modi's ban on high-value banknotes sparked a severe cash shortage that dented demand for big-ticket items such as cars.

China's SAIC plans to acquire GM’s Gujarat car plant

January 06, 2017 | Reuters

A subsidiary of China's top carmaker SAIC Motor Corp plans to acquire certain General Motors manufacturing assets in India, a filing with the country's competition watchdog showed on Friday.

Tatas-owned Jaguar Land Rover buys stake in car technology firm CloudCar

January 06, 2017 | Reuters

Britain's biggest carmaker Jaguar Land Rover said on Friday it was buying a minority stake in connected car technology firm CloudCar, as automakers seek out new partnerships and investments to build high-tech models.

Mahindras exit JV with auto components maker Sona Group

January 05, 2017 | Debjyoti Roy

Auto-to-software conglomerate Mahindra Group has exited a joint venture it had formed with auto components maker Sona Group nearly two decades ago.

Tata Motors shareholders vote to remove Nusli Wadia

December 23, 2016 | TEAM VCC

Tata Motors Ltd said on Friday its shareholders have voted to remove Wadia Group chairman Nusli Wadia as an independent director on the automaker’s board.

Exclusive: Special situations-focused PE firm Mount Kellett logs another poor exit

December 16, 2016 | Debjyoti Roy

Distressed assets and special situations-focused private investment firm Mount Kellett Capital Management has completely exited one of its Indian portfolio firms nearly four years after making the investment.

Blackstone strikes gold with its best returns from an Indian firm

December 15, 2016 | Ankit Doshi

World’s largest alternative assets fund manager Blackstone that made one loss-making partial exit and two below-average exits from its India portfolio this year has managed to generate a multi-bagger with a separate investment in the country.

Exclusive: SAIF Partners raises stake in new PIPE portfolio firm

December 14, 2016 | Joseph Rai

Multi-stage private investment firm SAIF Partners, which built a fairly active public equities portfolio in the past and has revived its private investment in public equity (PIPE) deals, has increased its holding in a listed firm it backed early this year.