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M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore

M&M sells entire stake in Mahindra CIE Automotive for Rs 543 crore

autherAutocar Professional Bureau     calendar26 May 2023

Following the sale, the company’s shareholding in CIE has become nil, M&M said in a regulatory filing.

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Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report News International
Volkswagen and Audi consent to a US$85 million diesel settlement in principle with Texas: Report

autherAutocar Professional Bureau calendar26 May 2023

In 2015, the auto company had admitted to making use of software to circumvent emissions requirements in around 11 mil...

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Education firms bet big on EV, IoT as futuristic courses Feature
Education firms bet big on EV, IoT as futuristic courses

By Radhika Dave calendar26 May 2023

How are education technology firms preparing for the new auto era? Autocar Professional takes a look at how companies ...

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‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report News
‘Transport sector responsible for 40% of air pollution’: Nitin Gadkari: Report

autherAutocar Professional Bureau calendar26 May 2023

Proven technology, economic feasibility, and marketability of the finished product besides import substitution were so...

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TVS Supply Chain Solutions’ R Dinesh appointed CII president News National
TVS Supply Chain Solutions’ R Dinesh appointed CII president

autherAutocar Professional Bureau calendar26 May 2023

TVS Supply Chain Solution’s executive vice-chairman, who has assumed office as the president of the Confederation of I...

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Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US News International
Hyundai and LG Energy Solution to set up 30 GWh battery cell plant in the US

autherAutocar Professional Bureau calendar26 May 2023

JV’s battery production, planned to start by end-2025 with an annual production capacity of 30 GWh, will support produ...

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Stellantis invests in Lyten’s innovative lithium-sulphur EV battery tech News International
Stellantis invests in Lyten’s innovative lithium-sulphur EV battery tech

autherAutocar Professional Bureau calendar25 May 2023

Lithium-sulphur batteries have the potential to deliver more than twice the energy density of lithium-ion and represen...

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Capri Loans acquires 51% stake in CarLelo for Rs 150 crore News
Capri Loans acquires 51% stake in CarLelo for Rs 150 crore

autherAutocar Professional Bureau calendar25 May 2023

With this fresh influx of capital, CarLeLo will improve its presence, services and technology, which will be utilised ...

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Lexus announces the new LC500H Luxury coupe with high-end upgrades News
Lexus announces the new LC500H Luxury coupe with high-end upgrades

autherAutocar Professional Bureau calendar25 May 2023

The new Lexus LC 500h, a 4-seater Luxury Coupe, is priced at Rs 2.39 crore in India.

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Flix to enter Indian market by 2024 News
Flix to enter Indian market by 2024

autherAutocar Professional Bureau calendar25 May 2023

Year 2022 saw the company reach a global revenue of over EUR 1.5 billion.

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MOST READ

POLL OF THE MONTH

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Will Legacy Players Be Able to Squeeze Out Startups from India's Electric 2-Wheeler Market?

Yes

 

42.25%

No

 

57.75%

Total Votes : 329