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). […]
Hyundai Motor India Ltd. reviewed the progress of its upcoming manufacturing facility in Pune during a recent meeting between the company’s leadership team and Maharashtra Chief Minister Devendra Fadnavis. Alongside updates on the plant, the company outlined a set of corporate social responsibility (CSR) projects valued at INR 560 million to be implemented in the […]
GH2 Solar, in partnership with South Korea’s Advanced Hydrogen Energy Solutions (AHES), will set up a green hydrogen electrolyser manufacturing facility in Gwalior, Madhya Pradesh, with an initial capacity of 105 megawatts per year. The project involves an investment of INR 4 billion and is supported by a Production Linked Incentive subsidy of INR 1,575 […]
DN Solutions has signed an agreement to acquire HELLER, expanding its presence in Europe and strengthening its portfolio in machining centres and 5-axis technologies. The transaction is subject to approvals from antitrust and other regulatory authorities. According to DN Solutions, the company generates annual sales of around USD 2 billion and employs more than 2,000 […]