Exide has informed that the Company is evaluating foray into lithium-ion (li-ion) cell manufacturing and is details on Govt’s recently announced Production Linked Incentive (PLI) scheme for such batteries. The scheme’s outlay of Rs 18,100 crore is intended to establish 50 Giga Watt Hour (GWh) of advanced cell chemistry and 5 GWh of niche advanced … Read more
Motherson shared it’s Vision 2025 with investors whereby it targets to achieve $36 bn of revenues by FY 25. This is almost 4.5x of Rs 60,000 crore ($8 bn) of revenues reported in FY20 i.e., an implied CAGR of about 35%. Company’s revenue CAGR in previous 10, 5 and 3 yrs was 25%, 12% and … Read more
Ride-hailing startup Ola has selected banks including Citigroup Inc. and Kotak Mahindra Bank Ltd. to manage its Mumbai initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, backed by SoftBank Group Corp. and Tiger Global Management, has also picked Morgan Stanley for the listing, said the … Read more
It’s important to start by mentioning that Suzuki and Toyota have been working together on various business initiatives since 2016 and later in 2019 also entered into capital alliance whereby both acquired small shareholding into each other. In Auto industry (especially cars) it’s common for companies enter into such arrangements. Skoda and Volkswagen, Renault and … Read more