Tata Motors and Freight Commerce Solutions Private Limited (‘Freight Tiger’) has signed a Securities Subscription Agreement (SSA) and a Shareholders Agreement (SHA) for the acquisition of a 26.79% stake in ‘Freight Tiger’ for a consideration of Rs 150 Crores. The SSA also includes a provision enabling Tata Motors to further invest Rs 100 Crores over the next two years,[Read More…]

Chennai-based Brakes India, a leading manufacturer of braking systems in the country, has initiated a nationwide customer engagement program titled ‘Brakes India Yatra.’ This extensive outreach covers over 17,000 kilometres, spanning 90 cities and 13 states. The program aims to raise awareness among automobile mechanics and the retailer community as part of the company’s efforts to promote ‘Safe Mobility.’ Sujit[Read More…]

JCBL Limited, a prominent player in the mobility solutions industry, has achieved the major feat of delivering a total of 70 water tankers within the tight timeframe of one month to Ashok Leyland. While ensuring stringent quality standards were upheld. This notable development reaffirms JCBL Limited’s unwavering commitment to providing top-notch mobility solutions and its capacity to fulfill the diverse[Read More…]

    Sweden-based Concentric AB has fetched major business nomination in the growing Indian electric commercial vehicles market. The company announced its nomination for a contract worth 70 Million Swedish Krona (MSEK) over the period of 5 years, with production starting in 2025. The global manufacturer of coolants and lubricants, the company’s electric coolant pump has been selected by the[Read More…]