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  <title>Eurotrack: India</title>
  <subtitle>All entries related to India, newest first.</subtitle>
  <link href="https://eurotrack.ai/en/countries/india/"/>
  <link rel="self" href="https://eurotrack.ai/en/countries/india/feed.xml"/>
  <id>tag:eurotrack.ai,2026:en:en/countries/india</id>
  <updated>2026-09-07T06:00:00Z</updated>
  <author><name>Eurotrack</name></author>
  <entry>
    <title>🤝 Tata Motors launches tender offer for Iveco at €14.10 per share (India / Italy)</title>
    <link href="https://eurotrack.ai/en/developments/dfd0b4aa-tata-motors-launches-tender-offer-for-iveco-at-14-10-per/"/>
    <id>tag:eurotrack.ai,2026:dfd0b4aa:en</id>
    <updated>2026-09-07T06:00:00Z</updated>
    <summary>Indian commercial-vehicle maker Tata Motors had already agreed to acquire Italian truck maker Iveco Group in July 2025. After Italy's market regulator Consob approved the offer document, the voluntary all-cash tender offer of EUR 14.10 per common share (cum dividend, total value around EUR 3.82 billion) opened on 7 September 2026 through the bidding entity TML CV Holdings B.V.; the acceptance period runs until 26 October 2026. Exor (the Agnelli family) has irrevocably committed to tender roughly 27.06% of the common shares, representing 43.19% of all voting rights. The minimum acceptance threshold is 95%, automatically reduced to 80% if the extraordinary general meeting of 16 October 2026 approves the Back-End Resolution; according to the offeror, financing for the entire offer price is committed. The 2025 agreement had not been recorded in the tracker. Source replaced (20 Sep 2026): the original source (indiaipo.in) returns HTTP 410 and was replaced by an equivalent reference (Outlook Business, 5 Sep 2026). Update (9 Oct 2026): Tata raised the offer to EUR 14.40 per share as its "best and final" price (total value around EUR 3.91 billion if all shares are tendered) because regulatory approvals are taking longer; the acceptance period still ends on 26 October 2026 (Autocar Professional, 10 Oct 2026). Update (27 Oct 2026): At the close of the acceptance period on 26 October 2026, provisional figures show about 87.81% of the ordinary share capital tendered, above the minimum threshold lowered to 80%; confirmation of the results and the remaining conditions is pending, and the period is due to reopen from 2 to 6 November 2026 (Rankia Italia, 27 Oct 2026). — Sources: https://www.outlookbusiness.com/corporate/tata-motors-launches-tender-offer-for-iveco-acceptance-opens-sep-7 · https://www.autocarpro.in/news/tata-motors-raises-iveco-takeover-offer-price-to-euro-1440-per-share-135155 · https://rankia.it/opa-iveco/</summary>
  </entry>
  <entry>
    <title>🌍 Alstom: Indore Metro opens next Yellow Line section (India)</title>
    <link href="https://eurotrack.ai/en/developments/a64da6da-alstom-indore-metro-opens-next-yellow-line-section/"/>
    <id>tag:eurotrack.ai,2026:a64da6da:en</id>
    <updated>2026-09-07T06:00:00Z</updated>
    <summary>On 7 September 2026 the next section of the Indore Metro Yellow Line entered revenue service: a 16.72 km mainline with 16 stations; the Yellow Line totals 31.5 km. No contract value was given in the announcement (Alstom, 7 Sep 2026). — Source: https://www.alstom.com/press-releases-news/2026/9/alstoms-leading-metro-signalling-and-maintenance-solutions-power-indores-extended-network</summary>
  </entry>
  <entry>
    <title>🤝 LTM bids for Randstad's European IT services business (India / Netherlands / France)</title>
    <link href="https://eurotrack.ai/en/developments/05c17624-ltm-bids-for-randstad-s-european-it-services-business/"/>
    <id>tag:eurotrack.ai,2026:05c17624:en</id>
    <updated>2026-05-22T06:00:00Z</updated>
    <summary>Indian IT services firm LTM has made an offer for Randstad's technology and consulting business in France, Germany, Belgium, Luxembourg and Australia, which generates annual revenue of more than US$500m (Tribune India, 22 May 2026). Update (14 August 2026): the European Commission cleared the deal as case M.12507 (European Commission, Daily News, 14 August 2026). — Sources: https://www.tribuneindia.com/news/business/ltm-has-issued-an-offer-to-acquire-randstads-technology-and-consulting-services-business-in-europe-and-australia-to-scale-domain-driven-solutions-and-ai-services/ · https://ec.europa.eu/commission/presscorner/detail/en/mex_26_1735</summary>
  </entry>
  <entry>
    <title>🌍 Knorr-Bremse breaks ground on future campus in Chennai (India)</title>
    <link href="https://eurotrack.ai/en/developments/72de7643-knorr-bremse-breaks-ground-on-future-campus-in-chennai/"/>
    <id>tag:eurotrack.ai,2026:72de7643:en</id>
    <updated>2026-02-13T06:00:00Z</updated>
    <summary>In mid-February 2026 Knorr-Bremse broke ground on a future campus in Chennai, with up to EUR 200 million of investment. From the end of 2027 plants are to build door systems for rail vehicles and brake components for commercial vehicles; in the long term up to 3,500 jobs will be created alongside the Pune and Palwal sites. The date is the publication date, as the article gives no exact groundbreaking day (LOK Report, 13 Feb 2026) — Source: https://www.lok-report.de/news/uebersee/65116-indien-knorr-bremse-startet-zukunftscampus-in-chennai-und-staerkt-innovation-wachstum-und-effizienz.html</summary>
  </entry>
  <entry>
    <title>📜 EU and India to sign trade deal cutting tariffs on cars</title>
    <link href="https://eurotrack.ai/en/developments/6d18d6e5-eu-and-india-to-sign-trade-deal-cutting-tariffs-on-cars/"/>
    <id>tag:eurotrack.ai,2026:6d18d6e5:en</id>
    <updated>2026-01-27T06:00:00Z</updated>
    <summary>Signing expected for Tuesday (27 January 2026). Excludes Indian e-car manufacturers from tariff reductions for 5 years. Tesla remains confronted with high tariffs. The Volkswagen Group (Skoda) and Renault are planning a strategic return. The agreement makes it possible to price portfolios attractively without immediate billion-euro investments. — Source: https://www.investmentweek.com/indien-durchbruch-warum-vw-und-mercedes-jetzt-vor-einem-goldrausch-stehen/</summary>
  </entry>
  <entry>
    <title>📜 Commission clears Škoda Transportation and Tata AutoComp joint venture</title>
    <link href="https://eurotrack.ai/en/developments/81082d4d-commission-clears-skoda-transportation-and-tata-autocomp/"/>
    <id>tag:eurotrack.ai,2026:81082d4d:en</id>
    <updated>2026-01-14T06:00:00Z</updated>
    <summary>According to the report of 14 Jan 2026, the European Commission has cleared the formation of a joint venture that Škoda Transportation, through its Czech subsidiary Rolling Stock Components, is setting up with India's Tata AutoComp System. It is to make power electronics for rail vehicles for the Indian market; clearance came under the simplified procedure (case M.12181) because the impact on the European Economic Area is limited. The report gives no figures for investment, site or staffing. (LOK Report, 14 Jan 2026) — Source: https://www.lok-report.de/news/europa/europaeische-union/64408-europaeische-union-kommission-genehmigt-gruendung-eines-gemeinschaftsunternehmens-durch-skoda-transportation-und-tata-autocomp.html</summary>
  </entry>
  <entry>
    <title>🌍 Nevomo to pilot MagRail propulsion at India’s Deendayal Port (India)</title>
    <link href="https://eurotrack.ai/en/developments/fb61d065-nevomo-to-pilot-magrail-propulsion-at-india-s-deendayal-port/"/>
    <id>tag:eurotrack.ai,2026:fb61d065:en</id>
    <updated>2025-10-30T06:00:00Z</updated>
    <summary>The European company Nevomo has agreed with DP World and the Deendayal Port Authority in India to build a 750-metre pilot track using its magnetic MagRail Booster. The system automates container movements on existing rails without new track, while a feasibility study looks at roll-out to other ports. The report gives no investment figure or timetable (LOK Report, 30 Oct 2025) — Source: https://www.lok-report.de/news/uebersee/62642-nevomo-vereinbarung-ueber-den-einsatz-der-magrail-technologie-im-hafen-deendayal.html</summary>
  </entry>
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