Anand and Korea’s HL Group launch HL Anand Automotive Parts for aftermarket, ET Auto

These existing partnerships are HL Mando Anand Automotive Pvt. Ltd., which makes steering, brake, and suspension systems, and Anand Mando eMobility Pvt. Ltd. that manufactures motors and controllers for EVs. New Delhi: The USD 2-billion-plus Anand Group, a leading manufacturer of world-class auto systems and components, has signed a JV with Korea’s USD 8.1-billion HL…

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Piyush Goyal talks tough to auto industry on unnecessary import of components, ET Auto

Further, the minister dismissed the contention of some of the global auto firms which say that they bring investments into India. In a strongly-worded message, Commerce and Industry Minister Piyush Goyal on Tuesday suggested the auto industry not to import components unnecessarily if the exporting country is not giving equal access to Indian players. He…

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Mahindra Nath Pandey, ET Auto

He noted that the INR 25,938 crore PLI scheme for the auto sector has been received well by the industry. Production of the first sof advanced chemistry cell batteries in India is likely to commence by January 2024, Union Minister Mahindra Nath Pandey said on Tuesday. In May 2021, the government approved the PLI (Production…

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