HS Hyosung Advanced Materials will establish its first tire cord manufacturing plant in India with an investment of USD 30 million (approximately KRW 43 billion). The project involves setting up a new subsidiary, HS Hyosung India Private Limited, and constructing a dedicated production facility in the Nagpur Industrial Complex in Maharashtra. The company aims to […]
Samhyun Motions and Controls India Private Limited, the Indian subsidiary of Samhyun Co., Limited headquartered in in Changwon in Gyeongsangnam-do, South Korea, has acquired an eleven-acre industrial parcel in Sri Perumbudur, Chennai, to establish a new facility for manufacturing electric vehicle (EV) motor components. The land was purchased from Tata Chemicals, with JLL advising exclusively […]
HD Hyundai Heavy Industries has entered into a strategic partnership with Cochin Shipyard Limited to collaborate on the Indian Navy’s Landing Platform Dock (LPD) programme, marking the South Korean shipbuilder’s formal entry into India’s naval vessel market. The memorandum of understanding (MoU) for the cooperation was signed on 10 November. The agreement seeks to promote […]
LG Corporation has confirmed an investment of INR 10 billion to establish a Global Research and Development (R&D) Centre in NOIDA, Uttar Pradesh. A meeting was held on 4 November 2025 between a high-level LG delegation and the Chief Executive Officer of the NOIDA Authority to finalise project details and timelines. The new R&D facility […]
Sharda Motor Industries Limited, a publicly listed Tier-1 automotive components manufacturer, has signed a technology licence agreement with Donghee Industries Company Limited of the Republic of Korea to develop and manufacture suspension components for the Indian market. The agreement covers local production of control arms, torsion beams and sub-frames for domestic and global original equipment […]
Hyundai Motor India has increased its investment in the Talegaon manufacturing plant in Maharashtra from Rs 70 billion to Rs 110 billion. The expanded investment will support advanced manufacturing technologies, including a seventh-generation paint shop, enhanced automation, infrastructure upgrades, and electric vehicle readiness. The Talegaon plant, acquired from General Motors India in 2023-24, has an […]
Swan Defence and Heavy Industries Limited (SDHI) has signed a Memorandum of Understanding (MoU) with Samsung Heavy Industries to collaborate on commercial shipbuilding and heavy engineering projects in domestic and international markets. The partnership will cover a variety of vessels, including tankers, gas carriers, container ships, and other specialised vessels. Under the MoU, the companies […]
Wheels India has entered into a technical agreement with South Korean hydraulics cylinder manufacturer SHPAC to enable technology transfer in hydraulic cylinder production. The move is aimed at expanding Wheels India’s operations in the hydraulic cylinder segment. “It has been our stated intent to focus and grow the hydraulics cylinder business significantly over the next […]
Cochin Shipyard Limited (CSL) has announced that it is considering establishing next-generation shipbuilding facilities in Kochi in collaboration with HD Korea Shipbuilding & Offshore Engineering (HD KSOE). The proposal was presented by CSL’s Chairman and Managing Director, Madhu S. Nair, to Prime Minister Narendra Modi during his recent visit. The partnership aims to combine CSL’s […]
Hyundai Motor Co has unveiled plans to launch its first locally designed electric vehicle (EV) for the Indian market and to expand capacity at its Pune plant by 250,000 units by 2030. These are key components of the company’s “Vision 2030” roadmap, which includes a global investment of KRW 77.3 trillion (approximately USD 56 billion). […]
