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While Goyal didn't specify the names of the OEMs and their countries of origin, he had indicated early this year at the Asia Economic Dialogue that two South Korean auto manufacturers have cost India “billions of dollars” in trade deficit.
Key Insights The projected fair value for Kendrion is €10.84 based on Dividend Discount Model Kendrion's €14.40 share...
Daesol Ausys Auto: Daesol Ausys announced its plans on Tuesday to build a factory in West Point, making luggage boards and covers for compartments in electric vehicles. The company supplies parts to Hyundai, Kia and General Motors.
The investment will be from the funds managed by Modulus Alternatives including its second fund - India Credit Opportunities Fund II, which Modulus Alternatives launched earlier this year with a target corpus of INR 1,250 crore. The fund has so far received capital commitments of more than ₹200 crore, sources said. Modulus Alternatives and Shivam Autotech did not respond to requests for comment.
Review Of Pli-Auto Scheme: The event aims to bring together stakeholders like the PLI-Auto applicants, PMA, Test Agencies etc. to review the performance of the scheme, to share their knowledge and experiences and address all concerns and challenges.