AUTO
Stellantis Takes Full Ownership Of India Operations, Tamil Nadu Plant
Stellantis India has acquired the remaining stake held by Hindustan Motor Finance Corporation Ltd (HMFCL), a CK Birla Group company, in Stellantis Automobiles India Pvt Ltd (SAIPL), giving the automaker full ownership of its India operations and manufacturing facility at Thiruvallur, Tamil Nadu. The transaction, funded through foreign direct investment (FDI), is expected to give […]
CW Bureau
·
Sep 21, 2026
AUTO
Ultraviolette To Build 5 Lakh-Unit EV Factory In Hosur In Tamil Nadu
Ultraviolette is expanding its manufacturing footprint in Tamil Nadu with plans to establish a new state-of-the-art electric vehicle manufacturing facility in Hosur, targeting an eventual production capacity of 500,000 vehicles a year. The Bengaluru-based electric mobility company said the BIGGA (Big Global Ambition) Factory will initially ramp up to an annual capacity of 250,000 vehicles […]
CW Bureau
·
Sep 10, 2026
AUTO
Hyundai To Launch Mass-Market EV From Chennai, Commits To TN Capex
Hyundai Motor India Ltd (HMIL) has reaffirmed its commitment to Tamil Nadu by positioning the state as its flagship electric vehicle (EV) hub for India, while announcing plans to deepen localisation, expand EV manufacturing and launch a major skill development initiative aimed at enhancing the global employability of the state’s youth. The company said it […]
CW Bureau
·
Jun 4, 2026
