With a share of 9.2 percent of the overall car exports from India, the U.S. became the third-biggest market for passenger vehicles (cars, utility vehicles, and vans) manufactured in India during the financial year that ended March 31, 2018. During this period, passenger car exports to the U.S. increased to...
India Becoming R&D Hub for Multinationals
Multinational from the Americas, Europe, and APAC have set up research hubs to work in the areas of R&D, Business Process Management and IT. More than 1,000 multinational companies have established engineering and research and development centers — known as global in-house centers or GICs — in India. Among these...
Ford becomes India's largest Car Exporter
Ford, Nissan, and Volkswagen ship more of their India-manufactured cars to overseas markets than what they sell within India. Michigan-based Ford has two manufacturing units in the country: at Chennai in the southern state of Tamil Nadu and at Sanand in India's western state of Gujarat. It has overtaken Korea's...
GM Commences Export of Sedans from India
General Motors shipped a consignment of 1,200 Chevrolet Beat sedans to markets in Latin America from its plant located in Talegaon, near the city of Pune, in India. Production of these autos started a year ago. Earlier this year, GM had exported Chevrolet Beat hatchbacks to the same markets. GM...
GM Makes India an Export Hub
While closing down sales of its automobiles in India, Michigan-based General Motors will continue making vehicles in India, primarily as an export hub for Mexico, Central America and South America. The company also plans to maintain its technical center, R&D facilities, and sourcing components. “As the industry continues to change,...
GM Will Invest $1 Billion in India
The Detroit car maker General Motors Co., said that it will invest $1 billion over the next few years to turn India into a global export hub. This investment will be part of a $5 billion commitment to develop a global family of Chevrolet vehicles along with Shanghai Automotive Industry...