Stellantis NV is planning to invest about $10 billion in the US as the troubled maker of Jeep sport utility vehicles and Ram pickups refocuses on the market that’s pivotal to its profits, according to people familiar with the situation. The carmaker may announce in the coming weeks about $5 billion in fresh money on … Read more
Tesla CEO Elon Musk on Wednesday (October 1, 2025) became the first person in history to achieve a net worth of nearly $500 billion, propelled by a rebound in the EV company’s shares and surging valuations of the tech entrepreneur’s other startups. Mr. Musk’s net worth stood at $499.5 billion as of 3:55 p.m. E.T., … Read more
Steel magnate Sajjan Jindal’s fully-owned car venture JSW Motors is in talks with BYD — the world’s biggest EV maker — and a clutch of other Chinese companies like Geely, Cherry, Xiaomi, Nio Auto, and Li Auto for platform and component access. The Indian company has lined up investments of nearly Rs 26,000 crore over … Read more
Automotive software developers in India, who are mostly focused on innovations around software-defined vehicle (SDV), are witnessing long development cycles, highest globally, as several regulatory pressures are compounding existing development bottlenecks, reported QNX, a division of BlackBerry Limited, a Canadian software firm that specialises in secure communications and IoT. The company here on Tuesday said automotive software … Read more
Apollo Tyres will be the new jersey sponsor of the Indian cricket team and will be shelling out approximately Rs 4.5 crores per bilateral game, significantly up from the Rs 4 crore previous sponsors Dream11 were paying. The sponsorship period is set to run until March 2028 with as many as 130 fixtures falling in … Read more
Road transport minister Nitin Gadkari said India must develop world-class infrastructure to achieve its target of becoming a $5 trillion economy and the third largest in the world, as the prime minister envisions. To meet this goal, priority is being given to four key sectors including water, power, transport and communication, Gadkari said in his … Read more
Tata Motors (TML) has offered to acquire 100% of Iveco Group N.V. Iveco officially came into existence on January 1, 2022, after splitting from CNH Industrial. Although it is incorporated as a Dutch company with its legal seat in Amsterdam, its core operations are based in Turin, Italy, where its headquarters are situated. Iveco Group’s … Read more
As per newspaper reports, Sona being India’s biggest importer of rare earth magnets, plans to locally manufacture the critical components used in electric vehicles, tapping into the government push to incentivize their production at home as China restricts their exports. (China, which produces around 90 per cent of the world’s rare earth magnets, put restrictions … Read more
In a significant announcement, Anand Group has announced consolidating it’s varied auto ancillary businesses under it’s listed subsidiary Gabriel India (GIL). GIL consequently will transform from a single product Company (suspension parts and shock absorbers) to a multi-product Company (brake fluid, radiator coolants, diesel exhaust fluid (DEF) / Ad-blue for 2W, 3W, 4W and truck … Read more