With an initial expected investment of Rs 3,250 crores, the project is expected to create more than 600 jobs, as well as indirect jobs across the industry.
South Korean automakers Hyundai Motor Co. and Kia Corp. are ramping up efforts to expand their presence in Japan with new hydrogen and electric vehicles (EVs), as per a report by Pulse, the English service of Maeil Business News Korea.
India's auto industry is witnessing a significant surge in festive sales this Dhanteras, with major automakers like Maruti Suzuki, Tata Motors, and Hyundai Motor India reporting robust customer demand, bolstered by positive market sentiment and the impact of GST 2.0 reforms.
Mexico has long attracted global automakers with low labour costs and tariff-free access to the US market under the US-Mexico-Canada Agreement (USMCA). General Motors Co, Ford Motor Co, and Chrysler Corp were Mexico's top three producers in 2024, with more than 90 per cent of their output ex
Hyundai Motor reached an agreement with its union in Korea to distribute over 2 trillion won ($1.80 billion) in bonuses in 2025, even as the automaker faces growing challenges from high U.S. tariffs, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
Hyundai Motor Co. unveiled its first compact electric vehicle (EV) under the Ioniq brand for the European market, as it aims to expand its presence by leveraging tariff advantages over Chinese automakers, as per a report by Pulse, the English service of Maeil Business Newspaper Korea.
According to the automaker, ICE (Internal Combustion Engine) models like the XUV3XO (Diesel) see the most substantial savings, with a benefit of up to Rs 1.56 lakh, as the GST rate drops from 31 per cent to 18 per cent.
India's leading automakers reported mixed sales performances for August 2025, according to various company data reflecting both ups and downs in the passenger and commercial vehicle segments.
Delhi's fuel ban on diesel vehicles older than 10 years and petrol vehicles older than 15 years from July 1st, 2025, is likely to deliver Rs 4.5 Lakh Crore of gain to auto companies, auto importers, and government tax collections, according to a recent report by the Global Trade Research Ini
The report warns that automakers and suppliers must change how they work together to meet the challenges of the coming decade, especially with the shift to electric vehicles (EVs).
Hyundai Motor India has invested USD 6 billion towards scaling up operations in India, as the South Korean multinational automaker completed 29 years of its presence here in the third largest automobile market.