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Auto and Transport Industry News
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VINCI Construction, Ferrovial win €4.4bn contract for Ontario Line from Metrolinx
VINCI Construction Grands Projets and Ferrovial have bagged a civil contract worth CAD 6 billion (€4.4 billion) from…
Volvo Cars to divest stake in Aurobay to Geely to become fully electric
Volvo Cars will divest its 33% stake in engine maker Aurobay to Geely Holding, a Chinese multinational automotive…
Ritchie Bros to acquire online vehicle marketplace IAA for $7.3bn
Ritchie Bros. Auctioneers, a Canadian auction company, has agreed to acquire IAA, a US-based digital marketplace for vehicle…
VST Tillers Tractors, Zetor launch new tractors at CII Agro Tech India 2022
VST Tillers Tractors in collaboration with Zetor Tractors, a Czech agricultural machinery manufacturer, has launched two new tractors…
Servotech Power Systems wins BPCL contract for DC fast EV chargers
Servotech Power Systems has won a contract from Bharat Petroleum Corporation Limited (BPCL) for the supply and installation…
Trucknetic now provides full-stack trucking services in Delhi-NCR
Trucknetic, an Indian online transport and logistics company, will now provide all sorts of trucks and implement its…
Panasonic lithium-ion battery manufacturing facility in Kansas breaks ground
Panasonic Energy, a Panasonic Group company, has broken ground on a new lithium-ion battery manufacturing facility in De…
Tata Sons to take full ownership of AirAsia India in Rs 155.6cr deal
Tata Sons, through its affiliate Air India, has agreed to acquire the remaining 16.67% stake in AirAsia India…
IndusInd Bank, Kinetic Green partner for financing of electric two-wheelers
IndusInd Bank said that Kinetic Green Energy and Power Solutions, an Indian electric vehicle (EV) manufacturer owned by…
Nokian Tyres to divest Russian operations to Tatneft for €400m
Finnish tire manufacturer Nokian Tyres has agreed to divest its Russian operations to Tatneft for an expected price…