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Indian auto exports decline 21% in 2023, passenger vehicles buck trend with 5% growth
This downturn was attributed to monetary and geopolitical crises in various overseas markets. The overall exports totalled 42,85,809 units in the last year, down from 52,04,966 units in 2022.Read more
August sets new record for domestic passenger vehicle sales in India
Utility vehicles like Brezza, Grand Vitara, Jimny, Ertiga, and XL6 experienced a substantial two-fold increase with sales surging from 26,932 units in August of the previous year to 58,746 units.Read more
Hyundai Motor India exchanges MoU with TN govt, planning to invest Rs 20,000 Cr
Hyundai Motor India Limited (HMIL) is planning for a long-term investment in the state of Tamil Nadu for over the period of 10 years (2023 to 2032) with a plan to increase production volumes and introduce new electric vehicle models. Read more
BorgWarner launches EGR valves that reduce NOX and CO
BorgWarner is producing this clean and efficient technology solution locally in Korea for the first timeRead more
Dynacon Projects to construct steel structure building for Hyundai Motor
Hyundai Engineering Corporation (HEC) is the project management consultant for the project, which is located in GurugramRead more
Kia Motors hosts supplier meet in Delhi
Korean car maker is investing $ 2 billion in India and is building a manufacturing facility with production capacity of 300,000 vehicles per year in Anantapur, Andhra PradeshRead more
