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EV truck maker Tresa Motors to invest ₹500–1000 cr in manufacturing and R&D facilities

Tresa Motors, a OEM manufacturer of medium and heavy electric trucks, plans to invest between ₹500–1000 crore in establishing both the manufacturing and R&D facilities, according to the newly appointed... Full Story

Toyota Kirloskar Motor’s Bidadi plant to step up production to meet demand.

Toyota Kirloskar Motor (TKM) announced the commencement of three-shift operations at its manufacturing facility in Bidadi from May 2023, which is... Full Story

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MG Motor India to invest ₹5,000 crore from 2026–28 to hire 20,000 people.

MG Motor India, recently, announced its India 3.0 plan, in which the company said it will invest over ₹5,000 crore... Full Story

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LATEST HEADLINES FROM MIDDLE EAST AND NORTH AFRICA

"Renault Announces €3 Billion Investment and 8 New Models for Global Expansion"
Renault, the renowned French automotive giant, unveiled its ambitious plans on Wednesday, earmarking a substantial investment of approximately €3 billion ($3.2 billion) for expansion as... Full Story
"Daewoo India to Invest ₹300 Crore Over Next 3 Years for Product Line Expansion"
Daewoo India, a subsidiary of the South Korean conglomerate, has announced a substantial investment plan of approximately ₹300 crore over the next 2-3 years, as... Full Story
Honda Cars to launch first EV in India within three years: CEO Tsumura.
Honda Cars is planning to roll out its first India-focused electric vehicle (EV) in the next three years, said its President and Chief Executive Officer... Full Story
Foxconn buys 300-acre land in Bengaluru for ₹300 crore.
Taiwan-based iPhone assembler Foxconn has purchased 300 acres of land in Bengaluru Rural for ₹300 crore, according to the company’s filing with the London Stock... Full Story
Yulu launches two new electric two-wheelers.
Yulu, a player in shared electric mobility space in which Bajaj Auto has a stake, unveiled the Miracle GR and DeX GR 3.0 recently. Yulu... Full Story
Revolt Motors plans second EV manufacturing unit owing to robust demand, reveals Anjali Rattan.
RattanIndia Enterprises-owned Revolt Motors is looking at setting up a second manufacturing facility shortly, enthused by strong demand for electric vehicles in the local market. Revolt expects to fully utilise the... Full Story
Maserati to be the first luxury brand to complete EV line-up by 2025: Bojan Jankulovski.
As Indian luxury car consumers move towards electric vehicles, Italian luxury car maker Maserati is betting on its SUVs and is aiming to launch its... Full Story
Volvo may set up its new EV manufacturing facility in India.
Swedish luxury carmaker Volvo Cars is exploring possibilities to set up a new electric vehicle manufacturing facility outside China and India is a contender in the race,... Full Story