JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
TVS Mobility and Mitsubishi Corporation are set to collaborate, with Mitsubishi acquiring approximately a 32% stake in a new entity formed as a spin-off of TVS Mobility's business. The agreement aims to bolster comprehensive mobility solutions, encompassing after-sales service, multi-brand sales, leasing, and other automotive operations.
"Mitsubishi Corporation has agreed to subscribe to shares (about 32%) in TVS Vehicle Mobility Solutions Pvt Ltd (TVS VMS) through private placement. The completion of these transactions is subject to approval by the relevant regulatory authorities," stated Mitsubishi Corporation in a recent announcement.
This strategic investment intends to leverage TVS Mobility's existing customer base and digital technology to enhance mobility offerings. It seeks to expand beyond traditional after-sales services and multi-brand sales to encompass leasing and other automotive operations.
Mitsubishi's previous investment in TVS Automobile Solutions (TASL), which includes a network of approximately 700 service centres and partnerships with 16,000 retailers of wholesale auto parts connected through digital technology, underscores the growing partnership between the two companies.
Also Read : Vattenfall orders fossil-free steel dam gate from SSAB JSW Energy starts construction as part of its foray into battery storage services
India's coal imports increased by 5.3% to 52.29 million tonnes (MT) in the first two months of the c...
Energy 08-Jul-2024
The 63rd Central Geological Programming Board (CGPB) meeting, organised by the Geological Survey of...
Press Releases 20-Jan-2024
A broad coalition of European manufacturers, research bodies, think tanks and civil society gr...
Europe 19-Feb-2026
Copper closed 0.38% higher at 734.75, boosted by hopes of fresh measures from China to stabilise its...
China 31-Jan-2024
Germany’s IG Metall has called for major changes to the EU’s proposed Industrial A...
Europe 10-Mar-2026
India's industrial output as measured by the Index of Industrial Production (IIP) recorded a growth...
Business 12-Feb-2024