Around fourteen South Korean die and mould manufacturers and plastic injection moulded auto component producers are exploring opportunities to establish manufacturing facilities in India. These consist of tier 2 and tier 3 suppliers to Hyundai, Kia and Mobis. The firms are considering entering India through joint ventures with local partners, focusing on locations such as Chennai and Pune.
NS World, already supplying Hyundai’s Chennai plant, is in the final stages of setting up a facility with a local partner, expected to be operational by 2026. The company manufactures injection-molded magnets (NdFeB and Ferrite) for the automotive, home appliance and electronic component industries and supplies components like electronic water pump motor magnets.
Hanyang Advanced Materials, which already operates a 4,000-ton-per-annum plant in India, plans to expand its production capacity next year by installing a new machine. Its main products include natural fiber and recycled composite materials for automotive interiors and exteriors.
ALI Co., Ltd is selecting between Chennai and Pune to set up a lamp manufacturing plant in partnership with a local company experienced in automotive lighting. It also plans to train Indian engineers. JS Korea, JPC Automotive, and Seji Solotech are considering facilities focused on injection-molded plastic automotive parts. JPC has held discussions with Mahindra and is currently supplying parts such as floor consoles and air outlets to Hyundai Mobis.
Dukheung Engineering has an existing presence in Pune for design and costing activities and specializes in designing injection molds for automotive parts. Dongil Corp, which does not currently supply to Indian clients, manufactures components like assist handles and sunroof frames.
Handok Tech manufactures large-sized molds for parts such as radiator grilles, bumpers, door trims, and wheel guards. ENA Industry, which produces rubber and plastic components like worm wheels and impellers, is also pursuing a joint venture.
Hyundae Corporation is in discussions with Mobis to begin production in India. JEIL SOLUTEC, which supplies to Hyundai and Kia, is evaluating a similar move and manufactures plastic injection molds for components such as instrument panels and door trims.
Sunjin Industries, a company specializing in hygrosi, is also looking for a joint venture. Sunil Plastics focuses on replacing metal components with advanced plastic solutions and produces a wide range of parts including suspension, chassis, and transmission components.
These companies are in different stages of planning and engagement, with several still identifying potential partners and plant locations.
The companies involved primarily serve Hyundai and other automotive original equipment manufacturers (OEMs) and operate across various stages of the supply chain. Their capabilities include plastic injection molding, rubber components manufacturing, automotive painting, mold design, and production of composite materials. Most are based in South Korea and are seeking to expand operations to India through partnerships aimed at localizing production and enhancing supply chain proximity.