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Voltas Revives Proposal To Manufacture AC Compressors in India

Monday, October 23, 2023

Voltas has proposed its intentions to manufacture air-conditioner compressors in the country with a partner from either Japan or Korea after its previous such joint venture proposal with China's Highly International was rejected by the government...


Hyundai to Expand its Car Production Facilities to Saudi Arabia

Wednesday, October 18, 2023

On Dec. 31 last year, Hyundai Motor signed a memorandum of understanding (MOU) with the Saudi Arabian government to expand car production within Saudi Arabia. Industry sources reported on the 17th that Hyundai is set to finalize this agreement wit...

Infineon Secures Contract to Supply Chips to Kia and Hyundai

Wednesday, October 18, 2023

On October 18, Infineon, a German chipmaker, signed a multi-year agreement with Hyundai and Kia to supply power semiconductors for the production of electric vehicles. Infineon announced in a statement that it will establish and reserve manufactur...

Maruti Suzuki Board Approves Purchase of Suzuki Motors Gujarat Plant

Wednesday, October 18, 2023

Maruti Suzuki, the country's largest automaker, announced on Oct 16 that its board of directors has approved a proposal to execute a share purchase agreement to acquire 100% of the equity capital of Suzuki Motor Gujarat (SMG) from parent Suzuki Mo...

PSMC Shortlists Five Locations in Japan to Set up New Factory

Tuesday, October 17, 2023

According to reports, Taiwan chipmaker Powerchip Semiconductor Manufacturing Corp is examining five locations in Japan, including Mie prefecture, for a potential $5.4 billion facility as subsidy talks proceed. In July, Powerchip formed a joint ven...

Narendra Modi, Sundar Pichai Discuss Indian Manufacturing Future

Tuesday, October 17, 2023

On Oct 16, Prime Minister Narendra Modi held a virtual conversation with Sundar Pichai, CEO of Google and Alphabet. The debate centred on Google's efforts to strengthen India's electronics manufacturing sector, as outlined in an official press rel...


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