Tag: localisation

Hyundai Motor Group to invest $15.5 billion in India by 2032

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Hyundai Motor Group to invest .5 billion in India by 2032

 Prime Minister Narendra Modi and Hyundai Motor Group Executive Chair Euisun Chung | Photo Credit: Special Arrangement Hyundai Motor Group will invest $15.5 billion in India between 2026 and 2032, expanding manufacturing capacity, research and development (R&D) infrastructure and localisation of components as it seeks to strengthen the country’s position as a global automotive hub….

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Auto industry calls for deeper localisation to strengthen India’s global manufacturing ambitions

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Auto industry calls for deeper localisation to strengthen India’s global manufacturing ambitions

For illustration | Photo Credit: AFP India’s automobile industry needs to move beyond local assembly and build domestic capabilities across the entire value chain—from raw materials and components to advanced technologies and final systems—to reduce supply-chain risks and strengthen global competitiveness, industry leaders said. Tata Motors Managing Director Shailesh Chandra said India’s localisation push should…

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