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Kia India hits 1-million units produced milestone

Green Car Congress

Kia India marked the milestone of producing one million vehicles from its manufacturing facility at Anantapur by rolling out the first unit of its newest innovation—the new Seltos. It is now available for pre-bookings in India. It is now available for pre-bookings in India.

India 369
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Tesla India investment in limbo

Teslarati

Tesla’s expected investment in India is in limbo. People familiar with the matter told Bloomberg that Tesla has not contacted officials in India about an investment for some time. Last month, Musk continued to hint that a few of his companies would come to India.

India 113
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Hyundai India to be main export hub, pending IPO approval

Teslarati

Hyundai India will be the company’s main export hub. However, Hyundai is more than ready to expand and increase its production in India. In April, Hyundai Motor Group Chairman Chung Euisun shared the company’s plans in India after a 90-minute town hall meeting with local staff. But Hyundai isn’t finished expanding in India.

India 67
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Tesla Giga Berlin is producing cars for India 

Teslarati

Tesla Gigafactory Berlin is producing right-hand drive (RHD) cars for India. People close to the matter told Reuters that Gigia Berlin is preparing to export Tesla vehicles to India later this year. “The The right-hand drive [Tesla] cars which will be allocated to India, [Giga Berlin has] started building them,” said sources.

India 139
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India Injects $15 Billion Into Semiconductors

Cars That Think

The government of India has approved a major investment in semiconductor and electronics production that will include the country’s first state-of-the-art semiconductor fab. There could not have been a better time for India to make its entry into the semiconductor manufacturing industry.” The government has approved 1.26

India 142
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Hyundai reportedly filing for IPO in India

Teslarati

Hyundai Motor Company’s subsidiary in India is reportedly filing for an initial public offering (IPO) in the country next month. According to local media reports, Hyundai Motor India Ltd. will file a draft red herring prospectus (DRHP), an essential document for an IPO application, with the Securities and Exchange Board of India.

India 83
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Hyundai officially files for ~$3 billion IPO in India

Teslarati

On June 16, 2024, Hyundai Motor Company confirmed that it officially filed for an initial pubic offering (IPO) in India estimated to raise nearly $3 billion. The South Korean automaker has already submitted the “Draft Red Herring Prospectus (DRHP) to India securities market. India is the third-largest car market in the world.

India 84