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 […]
South Korean company Boditech Med Inc. has inaugurated a new manufacturing facility at MET City in Jhajjar, Haryana. The plant was established by its Indian subsidiary, Boditech Med India Pvt. Ltd., as part of the company’s expansion into the Indian market. The facility was inaugurated on April 4, 2025, in the presence of Lee Seong-Ho, […]
Hanwha Aerospace has signed a contract valued at USD 253 million with Larsen & Toubro (L&T) to supply components for 100 K9 Vajra-T self-propelled howitzers. The agreement, announced on April 3, expands the manufacturing cooperation between the two companies for defence production in India. This is the second contract involving the K9 Vajra-T, following an […]
Yudo India, a subsidiary of South Korea-based Yudo Group, is expanding its manufacturing operations in Maharashtra with a two-phase plan aimed at enhancing local production and supply chain efficiency in the injection moulding sector. The company will establish a new hot runner system manufacturing facility in the Mumbai Metropolitan Region and increase its warehousing capacity. […]
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, […]
DEERFOS has inaugurated a new manufacturing facility in Jhajjar, Haryana, India. The facility is expected to increase production capacity and enhance operational efficiency. The new plant incorporates advanced manufacturing technology and aims to optimize production processes. The expansion is also expected to generate employment opportunities in the region. The company stated that the facility has […]
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 […]
BEML Ltd., a Defence Public Sector Undertaking (DPSU) under India’s Ministry of Defence, has signed a Memorandum of Understanding (MoU) with South Korea-based STX Engine to collaborate on the development, manufacturing, and servicing of battle tank and marine engines, along with related components and spares. The agreement includes provisions for maintenance and servicing of engine […]
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 […]