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Tata Motors Ltd said it has increased the takeover offer price for Italian truck maker Iveco Group NV by 0.30 euro per share to 14.40 euro per share, citing delay in authorisation process. In 2025, Tata Motors announced plans to acquire Iveco, excluding its defence business, for 3.8 billion euro (nearly Rs 38,240 crore) through TML CV Holdings Pte Ltd. The commercial vehicle major earlier offered 14.10 euro per share, valuing the transaction at 3.82 billion euro. Tata Motors started an all-cash voluntary tender offer for all outstanding common shares of Iveco in September. The acceptance period runs from September 7 to October 26, 2026, with Iveco Group shareholders scheduled to vote on related resolutions at an extraordinary general meeting on October 16. Iveco Group's board of directors unanimously supported the deal and has recommended that shareholders tender their shares and vote in favour of the earlier offer. While noting that the previous offer price already represented fu
Samvardhana Motherson Adsys Tech Ltd (SMAST), a subsidiary of auto components manufacturer Samvardhana Motherson International Ltd, will acquire a 50.1 per cent equity stake in Rotary Connectors Pvt Ltd at an enterprise value of Rs 500.4 crore. The Board of Samvardhana Motherson International approved the all-cash deal on Monday, according to a regulatory filing. The transaction is expected to be completed by the end of the financial year 2026- 2027. Post completion of the transaction, SMAST will hold 50.1 per cent of the equity share capital of Rotary Connectors Pvt Ltd (RCPL), and thereafter RCPL will become an indirect subsidiary of Samvardhana Motherson International. The promoters of RCPL will continue to hold a 49.9 per cent equity stake in the company. "The Board of Directors of Samvardhana Motherson International Ltd (SAMIL) at its meeting held today has considered and approved the purchase by Samvardhana Motherson Adsys Tech Ltd, a wholly-owned subsidiary of the company,
Maruti Suzuki India on Friday said it has reached a milestone of dispatching 1 million vehicles through in-plant railway terminals in just over three years since opening dedicated transportation lines at two manufacturing sites in Gujarat and Haryana. Operations from in-plant railway sidings at Hansalpur (Gujarat) commenced in March 2023 and from the Manesar (Haryana) railway siding in June 2025. In the current financial year, the automaker said that 70 per cent of its total rail-based vehicle dispatches have been through these two in-plant railway sidings, and its mid-term goal is to increase such dispatches to 35 per cent by FY31. As of August 31 of this fiscal year, the company's rail-based vehicle dispatches have crossed 3 lakh units, it said. An in-plant railway terminal inside a manufacturing facility allows goods to be loaded onto freight trains within the plant, eliminating the need for trucks to access the nearest railway stations before entering the supply network. Of th
Automaker Kia India on Saturday reported a 27.4 per cent rise in wholesale dispatches at 28,200 units in July 2026 as compared to 22,135 units in the same month last year. This marks Kia India's best-ever July wholesale performance since inception, the company said in a statement. "Our best-ever July wholesale performance reflects the continued trust of our customers and the strong acceptance of Kia's diverse product portfolio. Building on our record H1 performance, we have maintained healthy momentum across key segments," Kia India Senior Vice President, Sales & Marketing, Atul Sood, said. The company said July sales were on the back of continued momentum driven by Seltos and Sonet, supported by sustained demand for Carens Clavis, Clavis EV, and MY26 Syros.