Hyundai Motors to Open Manufacturing Facility in Saudi Arabia

Hyundai Motors to Open Manufacturing Facility in Saudi Arabia

Monday, October 23,2023

PIF and Hyundai Motor Company have agreed to form a joint venture to build a highly automated vehicle manufacturing plant in Saudi Arabia. The project's total investment is expected to exceed $500 million. With a capacity of 50,000 vehicles per ye...


Maruti Suzuki Board Approves Purchase of Suzuki Motors Gujarat Plant

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

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

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...

Funskool,Asmodee to Jointly Manufacture Dobble Board Game in India

Funskool,Asmodee to Jointly Manufacture Dobble Board Game in India

Tuesday, October 17,2023

Funskool India said on Oct 16 that it has teamed with Asmodee, a French tabletop games manufacturer, to bring Dobble, a quick observation game, to the Indian market. The game will be manufactured and distributed in India by Funskool India. "We are...

Lingong Machinery to Establish Industrial Park with $5B Capital

Lingong Machinery to Establish Industrial Park with $5B Capital

Tuesday, October 17,2023

According to a joint statement issued on October 16, China's Lingong Machinery Group (LGMG) will establish a $5 billion industrial park in Mexico's northern state of Nuevo Leon. The LGMG project, according to the company and the government of Nue...