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TALEGAON PLANT ACQUISITION
Talegaon plant to provide more headroom for growth in domestic, int'l markets: Hyundai MotorHyundai Motor India plans to expand its Talegaon manufacturing facility in Pune with a Rs 6,000 crore investment, increasing its annual cap...
Boost for Hyundai Motor export plans, as auto co plans to launch slew of EVs over next 4 yearsHyundai Motor India Ltd (HMIL) is planning a ₹25,000 crore IPO to drive its parent company's strategy of making India a key export hub. The...
Hyundai completes Talegaon plant acquisition; earmarks Rs 6,000 crore investment in MaharashtraHyundai Motor India completes the acquisition of General Motors India's manufacturing plant in Talegaon, Maharashtra. The company will inve...
Hyundai Motor plans second plant in India, commits Rs 7000 crore investment in MaharashtraHyundai Motor, a renowned carmaker, is set to invest Rs 7,000 crore in the establishment of its second plant in India. The company has made...
Layoff packages were seven times the norm, says General Motors as workers begin an indefinite chain hunger strikeThe striking former workers are protesting unemployment and their non-absorption by Hyundai Motor India, which has signed an initial agreem...
General Motors Employees Union calls for chain hunger strike from Oct 2The employee union of General Motors India is calling for a chain hunger strike to demand the transfer of all workers to Hyundai Motor, whi...
Hyundai Motor unit to buy General Motors' India plant in Talegaon, MaharashtraSouth Korean automobile giant Hyundai Motor Co's Indian unit will buy automaker General Motors' Talegaon, Maharashtra plant, the company an...
Hyundai Motor to acquire General Motors’ Talegaon plantUnsoo Kim, Managing Director and CEO of Hyundai Motor India and Asifhusen Khatri, Vice President Manufacturing of General Motors India and ...
GM India gets conditional approval from Maharashtra govt for Talegaon plant closureIt paves way for settlement with the workers and brings GM India closer to signing a commercial deal with Hyundai Motor India
Hyundai inks deal to acquire GM India's Talegaon manufacturing facilityThe proposed acquisition is subject to the signing of the Definitive Asset Purchase Agreement and fulfilment of conditions precedent and re...
Hyundai Motor India's first rollout from new plant likely to be electric SUV, in 2025An email sent to Hyundai remained unanswered. By June this year, Hyundai plans to increase its total capacity at its current plant in Tamil...
Mahindra weighs acquisition of GM's Talegaon factoryMahindra executives made several visits to the Talegaon facility in the past few weeks. The visits came after GM's term sheet with Chinese ...
China's Great Wall Motors hopeful of hearing soon from Indian government on investment clearancesWhile the company was hopeful of getting the regulatory nod, some recent reports said the Maharashtra government, in consultation with the ...
China's Great Wall Motor signs MoU with Maharashtra, reaffirms plan to invest USD 1 billionGWM reaffirmed its plan to invest $1 billion (Rs 7,600 crore) in the Indian market as announced during the Auto Expo in February this year....
Changan Automobile to delay India entry by a yearIt had signed a memorandum of understanding in 2019 with the Indian group that runs a dealership network for Mercedes-Benz, Nissan and FCA,...
Great Wall Motor to invest $1 bn in India, launch first SUV in 2021This is the Chinese carmaker's second major market entry in recent times after Russia, increasing its global presence to about 60 nations. ...
JSW Energy board abandons plans of entering electric vehicles spaceThe company had in August 2017 announced plans of diversifying into electric car manufacturing and the group had earmarked Rs 3,500-4,000 c...
General Motors India-SAIC deal gets Competition Commission's nodThe Chinese company, which has been planning to enter the Indian market, has proposed to buy certain assets of GM's India's Halol plant in ...
Gujarat facing tough competition on investment front: OfficialArvind Agarwal said it was "a matter of concern" that some major projects went to Maharashtra.
- Local units in Pimpri should be able to operate without hassles: Anant Sardeshmukh, MCCIA
'The sector is already generating more than a lakh of jobs every two years. So, the domination of the auto sector will continue in the futu...