India Economy Thread

Nissan bets on exports, targets fourfold growth in India sales by FY28​


‘Uno Minda Is Positioned to Aggressively Expand Its Global Footprint,’ Says Nirmal Minda​

During FY26, it began manufacturing what it described as India’s first localised automotive camera module at its sensors and advanced driver-assistance systems plant in Pune, replacing imports.

It also approved an investment of ₹210 crore for an electric-vehicle casting plant at Chhatrapati Sambhajinagar. A new high-voltage EV powertrain plant at Khed City in Pune is expected to start production in the second half of FY27. The facility will manufacture advanced e-axles and integrated electric drivetrains.

Uno Minda has also announced an investment of ₹550 crore for another passenger-vehicle powertrain plant at Chhatrapati Sambhajinagar. The unit will manufacture electric drive units and dedicated hybrid transmission systems and is expected to become operational by the second quarter of FY28.
 
This is from last November but it's still worth bringing up.

Toyota, Honda, Suzuki turn India into car production hub in pivot away from China​

Toyota the world's largest carmaker and Suzuki the leader in the Indian market with almost a 40% share, have separately announced investments totalling $11 billion to beef up manufacturing and export capabilities in the world's third-largest auto market. Honda said it will make India a production and export base for one of its planned electric cars. Last year Toyota announced more than $3 billion in investment to expand production at its existing factory in southern India by some 100,000 vehicles a year and build a new plant in western Maharashtra state that is expected to begin production before 2030.
 

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