Hyundai
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Rare Earth Magnet Shortage Threatens Auto Production in India As reported in recent CNBC coverage, India’s automotive sector is bracing for potential production delays as a global shortage of rare earth magnets, critical for both electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles, has begun to put a strain on supply chains. China has control over 90% of the global supply of rare earth materials. The country’s priorities are… |
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Hyundai Motor Group Launches Battery and Electrification Research Centre at IIT Delhi Campus Hyundai Motor Group has officially opened the Hyundai Centre of Excellence for future mobility technology at IIT Delhi. This new research hub is part of a long-term partnership between Hyundai and India’s premier institutes of technology. It will focus on nine key projects covering battery cells, system testing, battery management systems, boosting energy density,… |
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Hyundai to Install 600 EV Fast Charging Stations Across India by 2030 Hyundai aims to establish 600 EV fast charging stations across India by 2030, with 50 stations operational by December 2024. In Tamil Nadu, 100 stations will be set up by 2027, including 10 stations operational by 2024. Hyundai Motor India Ltd (HMIL) has announced a big plan to set up 600 EV fast charging stations across India by… |
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Why Russia-Ukrainian War Could Help India to Get More Chips for Car Manufacturing Martin Schwenk, MD & CEO Mercedes-Benz India, told media that the situation is now 'cynical' to discuss allocation. It is obviously logical that if a part is available, it will be distributed across various markets Amidst the ongoing Russian-Ukrainian border tussle, several automobile experts have now arrived at a conclusion that the Indian… |
