Friday, April 10, 2026

M&M exits foundry business in Turkey, sells stake to Hisarlar-led consortium

Mahindra & Mahindra has announced the divestiture of its interest in Erkunt Foundry, handing over control to a consortium spearheaded by Hisarlar Makina Sanayi. This move is a calculated part of Mahindra's capital allocation strategy, with the transaction worth 100,000 Turkish Lira.

from Auto-Industry-Economic Times https://ift.tt/RnY3auc

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Mercedes plans bigger India play with greater localisation of parts

Mercedes-Benz plans to increase its local manufacturing efforts while expanding its supplier base in India. The luxury carmaker expects to a...