Stellantis India, Tata Motors Passenger Vehicles Ltd (TMPV) and its subsidiary, Tata Passenger Electric Mobility Ltd (TPEM), on Monday signed a definitive agreement to expand their partnership into advanced vehicle technology and product development. Under the agreement, TMPV will provide Stellantis access to its advanced product technology and vehicle architecture. Stellantis will leverage its product … Read more
India’s FTA with the EU will offer European automakers concessional tariffs on passenger vehicles, with annual quotas rising to 1.6 lakh, alongside tariff concessions on wines and select agricultural products. European carmakers will get a significantly wider opening to India’s passenger vehicle market under the proposed India-EU free trade agreement, with the draft pact released … Read more
German car giant Volkswagen said on Thursday (September 3, 2026) that management and unions had agreed to cut a further 50,000 jobs by the end of the decade, bringing total job losses to 100,000. “It is essential to systematically align workforce levels with economic realities,” the 10-brand group said in a statement. The firm had … Read more
All the showrooms of the company will now be rebranded as TATA.CARS. Photo: Special arrangement. Tata Motors Passenger Vehicles Ltd. (TMPV) on Thursday (August 27, 2026) unveiled TATA.CARS, its new consumer-facing global brand identity nearly a year after Tata Motors Ltd was demerged into two separate companies housing the commercial vehicles and passenger vehicles business. All … Read more
The Sajjan Jindal-led JSW Group has put its plans to build a 50GWh battery cell gigafactory in India on hold after failing to secure a Chinese technology partner because of Beijing’s restrictions on technology transfers, a top company executive said. Speaking to reporters on the sidelines of JSW MG Motor India’s launch of Hector Tomahawk—a … Read more
JSW Group and China’s SAIC are discussing additional capital for MG Motor India to eventually scale the company’s Halol plant capacity to 1 million vehicles annually from the current 2,20,000. The JV, owned 35% by JSW and 49% by SAIC, is currently deploying Rs 3,500 crore in localisation and new products, and is expected to … Read more
After five years of exiting international businesses to cut down losses, auto major Mahindra and Mahindra is ramping up its focus on global markets through a niche pick-up truck segment, which has given it a footing in the South African market. Its management said on Saturday that the company wants to target global markets, including … Read more
Tata Group companies tripled in market value and profit rose more than fivefold in six years as the country’s biggest conglomerate funded India’s biggest private-sector bets in aviation, semiconductors, batteries and digital commerce – businesses that together still lose nearly Rs 30,000 crore annually. Group holding company Tata Sons reported a 22% increase in FY26 … Read more
Volkswagen AG is looking to cut tens of thousands of additional jobs and may shutter factories in a push by Chief Executive Officer Oliver Blume to make Europe’s biggest automaker more competitive, Manager Magazin reported. The plans, presented by the CEO during a management board meeting earlier this week, include doubling staff reductions to as … Read more