Hyundai dominates Tata Motors to regain No. 2 spot in Indian car market

Hyundai Motor India has reclaimed its position as India's second-largest passenger car manufacturer, after briefly losing it to Tata Motors in February 2024. In March 2024, Hyundai's domestic sales rose 5% to 53,001 units, compared to 50,600 units in the same period last year. This comes after...

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Tata Motors signs MoU with TN to invest INR 9000 cr on new project

New Delhi: Tata Motors, India's leading passenger and commercial vehicle manufacturer, has signed a facilitation Memorandum of Understanding (MoU) with the Tamil Nadu government to explore the possibility of setting up a vehicle manufacturing plant in the state. The MoU envisages an investment...

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Hyundai explores USD 3 bn IPO for India unit at up to USD 30 bn valuation, sources say

Hyundai Motor plans to take its Indian unit public to raise at least USD 3 billion in what would be the country's largest initial public offering, two sources said, as the South Korean company doubles its bet in the key growth market ahead of a widely expected entry from Tesla. Hyundai Motor India ...

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What to expect from the Tata Curvv 2024: Design, features and specifications

The upcoming Tata Curvv crossover, which was revealed as a concept at the Auto Expo 2023, will look a lot like the concept. Patent images confirm the final design and production is expected to begin in April. The electric version will make its debut, followed by its ICE counterparts. Tata Motors wi...

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Tata to make EVs at Sanand Plant from April, may launch Tata Curvv EV, Tata Harrier EV later this year

Tata Motors plans to start production of electric vehicles at the Sanand plant in April, as it is acquiring the facility from Ford India. The company will start production of the Nexon EV and plans to introduce the Curvv EV and Harrier EV. Tata Motors aims to outperform the industry, targeting 5% gr...

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EV makers pitch for comprehensive, consistent policy to enable transition

Comprehensive policy on electric vehicle (EV) components, inclusion of commercial vehicles as incentives, clarity on goods and services tax (GST) on spare parts, and consistency on the policy front are the expectations of industry players from the upcoming interim Budget for switching from petrol/di...

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Anand Group and JV partners to invest INR 987 cr in Tamil Nadu to expand operations

New Delhi: Anand Group, a leading manufacturer of world-class automotive components and systems, plans to invest Rs 987 crore to expand its manufacturing capabilities in Tamil Nadu. The group signed a memorandum of understanding with the state government for this purpose at the Tamil Nadu Global Inv...

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More made-in-India cars hit the roads abroad in 2023

Made-in-India cars are gaining greater global acceptance as major automakers boost exports to make the most of the country's strong cost and talent advantage. Toyota, Volkswagen, Hyundai, Mahindra, Tata Motors, Honda, and Skoda reported a significant increase in exports in 2023, market leader Marut...

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Year-ender 2023: A recap of major people movements in the Indian auto industry

NEW DELHI: As the wheels of the automotive industry continue to turn, 2023 has proven to be a pivotal year marked by dynamic changes and strategic realignment of personnel across the Indian and global automotive landscape. In 2023, the automobile industry will witness a series of strategic leadersh...

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