Amrit Raj
Stories by Amrit Raj
India: JBM Auto forms JV with Poland’s Solaris to make electric buses
Both the companies together will invest Rs.300 crore in engineering, design and development, manufacturing and supply chain development in the project
India: Hero Motocorp’s Pawan Munjal sees an Uber in two-wheelers
Munjal has invested in bike taxi firm Rapido, in his personal capacity, and indicated that he may look at similar investments.
India: Promoters divest 4.2% stake in Eicher Motors to raise $314m
Shares of Eicher Motors fell as much as 4.17% to Rs.18,925.55 apiece, while the benchmark Sensex index was down 1% to 25,536 points.
India: JK Tyre completes $330m Cavendish Industries acquisition
JK Tyre will fund the deal through a mix of internal accruals and debt raised by JK group associates
India: How VC-backed CarDekho is redefining car ownership business
For a website with such modest beginnings, CarDekho went on to be valued at $300 million in January 2015 when it raised $50 million from Hillhouse Cap
India’s Ashok Leyland mulls wrapping up bulk of its JVs, to sell or divest stakes
The company is trying to wrap 23 of the 27 JVs to pare its debt by selling non-core assets.
India: Why investors are interested in CarDekho
CarDekho’s massive presence at the expo stems from its intent to consolidate the online pre-owned car market.
