Hyundai Mobis has opened a new automotive software research and development center in Hyderabad, India, combining its two previously established R&D facilities into a single location. The new center began operations on April 7, 2025, and will focus on software for vehicles, including development related to software-defined vehicles (SDVs). The facility is intended to serve […]
Hyundai Motor India Ltd. (HMIL) has announced plans to establish and operate a tooling centre in India, following approval from its board of directors on March 24, 2025. The company intends to invest approximately INR 6.94 billion in the facility, which will focus on manufacturing stamping tools and panel production for vehicles. According to HMIL, […]
José Muñoz, President and CEO of Hyundai Motor Company (HMC), visited India and participated in a town hall meeting at Hyundai Motor India Limited’s (HMIL) headquarters in Gurugram. During the event, he emphasized India’s strategic importance in Hyundai’s global operations and outlined plans for expansion in electric vehicles (EVs) and manufacturing. India is Hyundai’s third-largest […]
Hyundai KEFICO has started construction on a new manufacturing facility in India, with mass production expected to begin in 2026. The plant is being built in the Electronic Manufacturing Cluster in Pillaipakkam, Kanchipuram, Chennai. A groundbreaking ceremony was held on February 10 to mark the commencement of the project. The event was attended by Jung […]
Hyundai Motor India Limited (HMIL) announced its progress in localizing manufacturing processes, achieving up to 92% localization for its operations. This initiative, part of the company’s indigenization roadmap, includes collaboration with 194 suppliers to produce over 1,200 components at its Chennai facility. Since 2019, HMIL’s localization efforts have reportedly resulted in foreign exchange savings of […]
Hyundai Motor Company and TVS Motor Company have announced plans to explore a partnership aimed at developing electric three-wheelers and micro four-wheelers for the Indian market. The announcement was made at the Bharat Mobility Global Expo 2025, where Hyundai also showcased concept models of these vehicles. According to the press release, the collaboration seeks to […]
Hyundai Motor India Ltd. has signed an agreement with Exide Energy Solutions Ltd., a subsidiary of Exide Industries, to procure domestically manufactured lithium-iron-phosphate (LFP) battery cells for its electric vehicles (EVs). The move supports local sourcing of critical EV components and reduces dependency on imports, according to a press release issued by the company. Under […]
Hyundai Motor India Ltd (HMIL) has announced plans to invest Rs 32,000 crore in expanding its presence in India between 2023 and 2032, with a significant focus on increasing production capacity and developing new models, particularly in the Battery Electric Vehicle (BEV) segment. This expansion includes investments in its manufacturing facilities in Tamil Nadu and […]