Continental, one of the leading international automotive suppliers and the world’s fourth largest tire manufacturer, has acquired 100% shareholding in Modi Tyres Company Limited (MTCL), a subsidiary of Modi Rubber LTD.
Further to the announcement in April, Continental confirmed Friday that it has now received the necessary regulatory clearances and has completed the acquisition. The purchase

According to the Wall Street Journal, Honda Motor Co.’s (HMC) Indian two-wheeler unit will invest about $331 million, approximately INR15 billion, on its production capacity expansion plan. A source close to the deal told the Wall Street Journal the company is embarking on an ambitious expansion plan as it seeks to exploit rapidly rising demand

According to a PTI report, Rajkot-based three-wheeler maker Atul Auto is keen on acquiring Scooters India Ltd, with the Cabinet approving the sale of the government’s stake in the loss-making Scooters India Ltd.
The BSE-listed Atul Auto’s intention to acquire the state-owned company has assumed more significance with the Cabinet approval to sell the Government’s entire

US auto-manufacturing giant General Motors Co. is to invest $500 million by 2012 in the expansion of its production capacity in India, reported Reuters. The investment will be undertaken by GM’s Indian unit, General Motors India Pvt. Ltd.
The money will be used to expand production capacity for vehicles and engines, as GM positions itself to

Dana Holding Corporation has signed a definitive agreement with Axles India Ltd (AIL), to acquire select assets of AIL’s commercial truck axle business. The Investment is for a consideration of $13 million.
Under terms of the agreement, Dana will assume full ownership of AIL’s axle drive head and final axle-assembly operations. The axle drive head includes

Polaris Industries Inc. Wednesday announced the acquisition of Indian Motorcycle. The business was acquired from Indian Motorcycle Limited (IML), a company advised by Stellican Limited and Novator Partners LLP, U.K. Private Equity firms. Terms of the transaction were however not disclosed.
Scott Wine, CEO of Polaris Industries Inc noted that after a troubled past, the firm’s

Pierburg India Pvt Ltd has acquired Kirloskar Oil Engines Ltd’s bearings business division.  Pierburg India Pvt Ltd is the Indian auto component manufacturing subsidiary of Germany based Rheinmetall. The investment is for a consideration of Rs. 87 crore. The bearing division has manufacturing units in Khadki, Pune and MIDC, Ahmednagar.
The investment will see Pierburg acquire

Austrian auto components maker Miba Sinter Group has expanded its global network with the acquisition of Indian auto components manufacturer, Maxtech Sintered Product Pvt Ltd. The investment gives Miba AG access to a manufacturing facility in India. Structured as a joint venture, the investment is expected to provide Indian and International Car Manufacturers and Suppliers

Automakers in India are planning an estimated at £30 billion investment to be spread over the next four years. Daimler, Maruti Suzuki and Mahindra will lead this massive investment in a bid to satisfy the ever growing demand in India, the fastest, second growing economy globally after China.
Global automakers experiencing a lull in their growth