Topic
joint venture
Manufacturing JSW, SAIC weigh capital infusion to lift MG Motor India output to 1 million units
JSW Group and SAIC are discussing additional capital for MG Motor India to scale Halol plant capacity to 1 million vehicles annually from 220,000. The venture, deploying Rs 3,500 crore, launched the Tomahawk EV and PHEV ahead of Diwali, targeting 70% localisation by 2027.
Manufacturing Skoda CEO Seeks Joint Venture With Strong Local Identity for India EV Push
Skoda Auto will debut an electric vehicle in India in 2028, CEO Klaus Zellmer said, while the company accelerates talks to form a joint venture with a local partner. JSW Group is in negotiations to take a majority stake in Skoda's India unit. Zellmer expects the EV launch to make India one of Skoda's top three markets globally.
Finance Bank of America to Invest Rs 18,268 Crore for 49.9% Jio Credit Stake
Bank of America will acquire an initial 26.5% stake in Jio Credit, potentially rising to 49.9% through a Rs 18,268 crore ($1.9 billion) investment. The deal values Jio Credit at Rs 36,600 crore post-investment and will give the NBFC access to BofA's financial services expertise. Jio Credit reported AUM of Rs 30,667 crore as of June 30, 2026.
Manufacturing Vivo-Dixon JV: Government Approval Sets Template for Chinese Smartphone Makers in India
India has approved a manufacturing joint venture between China's Vivo and Dixon Technologies, first announced in December 2024. Dixon will hold 51% and Vivo 49%, acquiring certain manufacturing assets. The venture could add 20-22 million smartphones annually to Dixon's volumes, serving as a template for Chinese phone makers navigating India's foreign investment framework.
Manufacturing Dixon Technologies and Vivo Receive Approval for Smartphone Manufacturing Joint Venture in India
The Indian government has approved a joint venture between Dixon Technologies (51%) and Vivo Mobile India (49%) to manufacture smartphones and other electronic devices in India. The venture will operate as an OEM, initially handling Vivo's production orders but also manufacturing for other brands. This approval comes under tightened scrutiny of Chinese investments in India.
Logistics Peninsula and Itochu Launch Ammonia Bunkering Joint Venture for European Ports
Marine fuel supplier Peninsula and Japanese trading house Itochu have launched a joint venture, I&P Marine Ammonia, to develop ammonia bunkering across key European and Mediterranean ports. The venture follows an earlier MoU focused on Spain and has received EU merger clearance. Peninsula brings its fuel supply network across 500+ ports, while Itochu contributes production and supply chain expertise, backed by its order of the world's first ammonia bunkering vessel.
Commodities Adani and IHC form $11.5 billion joint venture for integrated aluminium project in Odisha
Adani Group and International Holding Company (IHC) of Abu Dhabi have formed an equal joint venture to build an $11.5 billion integrated aluminium complex in Odisha, India. The project includes a 4-million-tonne alumina refinery, a 2-million-tonne aluminium smelter, a 1-million-tonne downstream facility, and a 4,000-MW captive power plant. Adani Enterprises also launched a $1 billion QIP to support the venture.
Commodities Mercuria and Eni Form 50:50 Joint Venture for Global Energy Trading
Swiss commodities trader Mercuria and Italian energy major Eni have agreed to create a 50:50 joint venture for global energy trading. The independent venture will cover oil, biofuels, gas, LNG, and related logistics, marking Eni's return to the trading business after stepping back in 2019. No financial details were disclosed.
Business Ingredion to Invest Rs 198cr in Sanstar, Form Joint Venture
Ingredion Inc is investing Rs 198 crore in Sanstar Ltd through a preferential allotment, forming a joint venture to enhance specialty ingredient solutions in India. This strategic move aims to expand Sanstar's capacity and diversify its product offerings.