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Auto and Transport Industry News
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Eagers Automotive (ASX: APE) gains on Zagame deal as luxury cars become its next growth engine
Eagers Automotive plans to acquire 50% of a roughly A$600 million-revenue luxury dealership group, adding Ferrari, Lamborghini, Rolls-Royce and other premium brands to a business already producing record first-half results.
Leh Airport’s Rs 640cr terminal nears opening with 3.5m-passenger capacity
Airports Authority of India has closed bidding for inauguration-event services at Leh Airport’s new ₹640 crore terminal, but the facility has not yet been publicly declared commissioned. Updated government specifications put annual capacity at 3.5 million passengers, with Phase II designed to lift flight-handling capability to as many as 54 movements a day.
Cochin Shipyard brings Drydocks World into Rs 1,800cr ship-repair JV in Kochi
Cochin Shipyard and DP World’s Drydocks World have signed a 50:50 joint venture agreement around Kochi’s International Ship Repair Facility, bringing global repair expertise into an asset valued at roughly ₹1,800 crore after the facility generated ₹207.33 crore of FY2026 revenue.
Stadler Rail brings aluminium rail-car body production to Kazakhstan with CHF25m expansion
Stadler Rail is investing more than KZT14 billion, or roughly CHF25 million, to add aluminium car-body welding and painting at its Astana factory, deepening local production as Kazakhstan prepares to deploy 557 new passenger coaches by 2030.
Ultraviolette plans Rs 779cr Hosur factory as EV capacity jumps fivefold
Ultraviolette Automotive plans to invest ₹779 crore in a new Hosur factory with initial capacity for 250,000 electric two-wheelers annually, taking combined first-phase manufacturing capacity with Bengaluru to about 300,000 units as it prepares to move from premium motorcycles into higher-volume scooters.
Volvo Trucks targets 420 km range at 76 tonnes with new FH Electric heavy-haul model
Volvo Trucks will begin rolling out an electric FH capable of combinations weighing up to 80 tonnes in early 2027, pairing 640 kWh of usable battery capacity with megawatt charging designed for demanding freight operations.
Jaguar Land Rover targets £1.7bn savings and 4,000 job cuts as luxury auto reset deepens
Jaguar Land Rover plans to remove around 4,000 roles over two years as it targets £1.7 billion of savings, lowers its break-even point and protects investment in electrification and advanced manufacturing.
Hypercharge Networks plans US$4.75m REVS deal to build first US EV charging platform
Hypercharge Networks Corp. plans to acquire Texas-based REVS Charging LLC for an enterprise value of about US$4.75 million, using mostly shares and performance-linked consideration as it seeks its first operating platform in the United States.
Neuberger targets more than $2bn for New Bridge AeroFinance as private credit moves deeper into aerospace assets
Neuberger Specialty Finance is backing New Bridge AeroFinance to build a portfolio exceeding $2 billion across aviation and aerospace debt, extending asset-based private credit into a sector facing large capital requirements and long equipment backlogs.
MacGregor wins equipment orders for four research vessels as €1.23bn backlog supports Triton-owned marine turn
MacGregor will supply deck cranes, handling systems and machinery for four German and Indian research vessels as the Triton-owned marine equipment company builds on an €1.23 billion order book and improving margins.