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Indian auto industry is coming of age

Indian auto industry has come a long way; from the “permit” raj era to becoming the world's third largest automobile market today. R Jayaraman examines the key drivers behind this success.Read more

Hyundai Motor India expands production capacity with Talegaon plant acquisition

The signing of a Memorandum of Understanding (MoU) between Hyundai Motor India and the Government of Maharashtra marks a significant step in expanding the cumulative production capacity to 1 million annual units.Read more

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

Hyundai, IIT-M join forces for Rs 180 cr Hydrogen Valley Innovation Hub in Chennai

The memorandum of understanding, signed during the recent Global Investors Meet, involves Hyundai Motor India, IIT-Madras, and Guidance Tamil Nadu, the state government's investment promotion agency.Read more

Hyundai to invest Rs 7,000 cr in Talegaon, marks first venture outside Tamil Nadu

It was a pleasure meeting Kim Unsoo, MD and CEO of Hyundai Motor India (HMI), along with Executive Director J W Ryu and HMI senior officials, said Devendra Fadnavis, Maharashtra Deputy Chief Minister on X.Read more

Hyundai invests Rs 6,180 cr in Tamil Nadu for Hydrogen Initiatives

This additional investment is part of the automaker's broader commitment, totalling Rs 20,000 crore over the period of 2023-2032, dedicated to advancing electric vehicle manufacturing.Read more

TN secures $4.39 bn investments from Apple, Hyundai, and more

Key deals signed include a $1.4 billion investment by JSW Energy in renewable energy projects, a $1.5 billion investment by Tata Electronics in mobile phone assembly operations, and a nearly $125 million investment by Nike shoemaker Hong Fu.Read more

TN secures billion in investments sectors at Global Investors Meet

Agreements were signed, including a significant investment of Rs 16,000 crore from Vietnamese electric vehicle player VinFast, earmarked for establishing an EV manufacturing facility in the southern district of Thoothukudi.Read more

Cyclone Michaung paralyzes Chennai: Major industries. IT hubs grapple with floods

The production at six prominent auto component units, including Lucas TVS, Wheels India, Sundram Fasteners, Sundaram Clayton, and Brakes India, faced disruptions for the third consecutive day.Read more

Hyundai unveils AI-driven factory, provides custom cars in six hours

The cutting-edge approach, inaugurated at the Hyundai Innovation Centre in Singapore and currently dedicated to crafting the Hyundai Ioniq 5.Read more

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