ing 5.45% of the share capital of TIVOLT, for a consideration of INR 300 million. TIVOLT Electric Vehicles has become a wholly owned subsidiary of TI Clean Mobility.  TIVOLT Electric Vehicles Private Limited is engaged in the manufacture and sale of electric small commercial vehicles (e-SCV). This transaction will enable TI Clean Mobility to consolidate its holdings and have better operational control. Based on Tube Investments of India Limited ...

News  Updated at: 2026/04/01

5, Workhorse Group Inc. and Motiv Electric Trucks announced that they entered a definitive merger agreement. The combined company will create a leading North American medium-duty electric truck OEM with a diverse portfolio of Class 4-6 electric trucks. Under the merger agreement, once the all-stock transaction is completed, Motiv’s controlling investor will become the majority owner of the combined entity, while Workhorse shareholders will have...

OEM Plants  Updated at: 2026/04/01

BASF divests 100% stakes in BASF India Coatings Private Limited On March 30, BASF India announced that its board of directors approved the transfer and sale of the 100% stake held in BASF India Coatings Private Limited, a wholly owned subsidiary, to Bond German BidCo 2 GmbH and Bond France BidCo SAS (Carlyle Group Companies) at a consideration of INR 2.3 billion. The closing of the transaction is planned for the second quarter of 2026, and therea...

News  Updated at: 2026/03/31

23, 2025) Sale of drum brake production and R&D site in Cairo Montenotte, Italy, to Mutares-On October 2, 2025, the Company has completed the sale of its hydraulic drum brake production and R&D site in Cairo Montenotte, Savona, Italy, to Mutares SE & Co. KGaA (Mutares). Signed on June 18, 2025, the transaction includes all employees and business activities, strengthening Mutares’ Automotive & Mobility segment through as a new platform investmen...

Major Suppliers  Updated at: 2026/03/31

MEB-platform-based product portfolio and be based on both parties’ core capabilities and the XPeng G9 platform, with a launch planned in 2026. VW Group is investing approximately USD 700 million in XPeng and will ultimately hold about 4.99% stake in XPeng at USD 15 per ADS. Upon completion of the transaction, the Group will hold a seat as an observer on the XPeng board of directors. In addition, Audi signed a strategic memorandum with SAIC Moto...

OEM Plants  Updated at: 2026/03/31

METI unveils policy for establishing supply chain security evaluation system, aiming for system launch by end of FY2026 The Ministry of Economy, Trade and Industry (METI) and the Cabinet Secretariat's National Cybersecurity Office of Japan have announced a policy to evaluate the status of efforts to strengthen security across the supply chain. It assumes that, in a transaction agreement between two firms, the ordering side will present the approp...

News  Updated at: 2026/03/31

Setco Automotive, India sells SASPL to RSB Transmissions, to rename itself Shilayan Industries On March 29, 2026, Setco Automotive signed agreements to sell its entire 65% stake in Setco Auto Systems Private Limited (SASPL), its material subsidiary contributing 96% of consolidated revenue (INR 6.63 billion in FY 2024–25), to Pune-based RSB Transmissions in a two-phase transaction. In Phase 1, approximately 41% will be sold for around INR 1.85 b...

News  Updated at: 2026/03/30

Lumax Auto Technologies, India, to invest in JV Lumax Alps Alpine India On March 27, 2026, Lumax Auto Technologies has approved an equity investment of up to INR 70 million in Lumax Alps Alpine India Private Limited (LAAIPL), a 50:50 joint venture in which it already holds half the equity, to support the JV's capex, working capital, and general business requirements. The transaction, to be completed in cash within approximately three months, is a...

News  Updated at: 2026/03/30

elopment of immersion cooling solutions (liquid dielectrics) since 2022, and are currently conducting field tests to verify their performance during ultra-fast charging. In July 2024, Valeo sold its Thermal Commercial Vehicles business unit in accordance with a EUR 500 million asset sale plan. This transaction was completed on June 30, 2024, for a sale price of EUR 212 million. In February 2024, the Valeo Group announced new cost reduction measur...

Market & Tech Reports  Updated at: 2026/03/30

said that it delivered 1,300 vehicles in January and February, after having shipped roughly 5,000 of the 10,000 cars that its contract manufacturing partner, Magna Steyr, produced in Graz, Austria in 2023. On March 25, Fisker said talks with a large automaker, expected to be Nissan, for a potential transaction have been terminated, leading it to search for strategic options, including in- or out-of-court restructurings, and capital markets transa...

OEM Plants  Updated at: 2026/03/30

the commercial and off-highway sectors.  Through these acquisitions, Linamar significantly expands its forging expertise to include warm forging to its already significant offering of precision bevel and helical gears, as well as small to medium sized-drivetrain and transmission components.  The transaction is expected to provide about CAD 200 million in annualized revenue to Linamar. (Linamar release on March 27, 2026)...

News  Updated at: 2026/03/28

Posco Future M to supply artificial-graphite-based anode materials to global automaker Posco Future M Co., Ltd. (Posco Future M) announced that it signed a contract with a global automaker to supply natural-graphite-based anode materials. The transaction amounts to KRW 1.02 trillion (JPY 111.6 billion), and the contract is valid from 2027 to 2032. The client’s name will remain unpublicized until the end of the contract. This supply contract is ...

News  Updated at: 2026/03/26

ain, from R&D to production, from purchase to use and recovery. With regard to use, the company will work with consumers to implement "low-carbon" activities and explore the opening of carbon accounts for car users, starting with corporate incentives and working toward a gradual shift to low-carbon transactions for individual consumers. In addition to this, the company will continue to carry out tree planting and other public benefit activities, ...

OEM Plants  Updated at: 2026/03/25

ferentiation, however, has become increasingly evident. On one hand, post-holiday consumer preferences shifted significantly, with NEV penetration increasing week by week and becoming the main driver of March passenger car market recovery. Conversely, the ICE vehicle market remained under pressure: transaction prices failed to meet consumer expectations, and rising fuel prices increased the total cost of ownership, hindering the typical end-of-qu...

News  Updated at: 2026/03/24

15.6 mn units/year in February, from 14.7 mn units/year in January. The market continued to be held back by weak EV sales, while affordability remains a concern. For a second consecutive month, winter weather may have had an impact, with a snowstorm in the Northeast the culprit in February. Average transaction prices reached US$45,876 in February, down by US$327 MoM, but up by 1.8% YoY. Canadian Light Vehicle sales totaled an estimated 119k units...

Market & Tech Reports  Updated at: 2026/03/24

Sandhar Technologies, India infuses EUR 915 million into Spanish subsidiary On March 20, Sandhar Technologies infused EUR 915,000 into its wholly owned Spanish subsidiary, Sandhar Technologies Barcelona S.L., through a rights issue to fund capex, new projects, and business expansion. It mentioned that the cash investment, treated as a related-party transaction on an arm’s-length basis, will not change ownership, with the Barcelona unit remainin...

News  Updated at: 2026/03/23

more tranches by March 31, 2026. Optare, which manufactures and sells buses and commercial vehicles and is the holding company for the group’s electric vehicle initiatives Switch Mobility Limited (UK) and Switch Mobility Automotive Limited. The cash investment, which qualifies as a related-party transaction as promoter Hinduja Automotive holds 6.52% in Optare, will be used for loan repayment and other business requirements, and is based on a v...

News  Updated at: 2026/03/23

MEB-platform-based product portfolio and be based on both parties’ core capabilities and the XPeng G9 platform, with a launch planned in 2026. VW Group is investing approximately USD 700 million in XPeng and will ultimately hold about 4.99% stake in XPeng at USD 15 per ADS. Upon completion of the transaction, the Group will hold a seat as an observer on the XPeng board of directors. In addition, Audi signed a strategic memorandum with SAIC Moto...

OEM Plants  Updated at: 2026/03/23

EU clears acquisition of Aunde AS, Isringhausen Oto, and Aunde C&S by Aunde, Germany On March 19, the European Commission approved, under the EU Merger Regulation, the acquisition of sole control of Aunde Teknik Tekstil Sanayi ve Ticaret Anonim Şirketi (‘Aunde AS'), Isringhausen Oto Yan Sanai (‘Isringhausen Oto'), both of Turkiye, and Aunde C&S GmbH by Aunde Group SE, both of Germany. The transaction relates primarily to the supply of textil...

News  Updated at: 2026/03/20

ransfer. The shares will be transferred in early April. (From an article in the Nikkan Jidosha Shimbun on March 1, 2012)      TPR Co., Ltd. announced on April 6 that it has acquired 1.7 million shares in Faltec Co., Ltd. (Kawasaki City, Kanagawa Prefecture), making it into its subsidiary. The transaction was completed on April 5, and TPR now holds 65.0 percent of the total voting rights of Faltec. Faltec's wholly owned subsidiaries in the U...

Major Suppliers  Updated at: 2026/03/20