South Korean car major Hyundai is looking for a big play in the hybrid vehicle segment in India with plans to introduce its model Ioniq in 2018, besides unveiling mild-hybrids in its compact cars and SUVs. With pollution becoming a major issue in India,

South Korean car major Hyundai is looking for a big play in the hybrid vehicle segment in India with plans to introduce its model Ioniq in 2018, besides unveiling mild-hybrids in its compact cars and SUVs.

South Korea's Kia Motors Corp is close to finalising the southern Indian state of Andhra Pradesh as the site for its first factory in the country, as it speeds up efforts to start production in the fast-growing market, a source familiar with the matter said.

India has allowed Swedish companies relief from tax payments for upto five years if they have applied for settlement of their tax disputes through the mutual agreement procedure (MAP).

Half a dozen car makers making a beeline to enter India in the next 3-4 years including South Korea’s Kia Motor, Daihatsu from Toyota, PSA Group's Peugeot Citreon and three car makers from China, Beiqi Foton etc.

outh Korea has banned the sale of 10 models of Nissan, BMW and Porsche vehicles after the carmakers were found to have fabricated certification documents, in the latest fallout from the Volkswagen emissions scandal.

The South Korea-based Ssangyong Motor has signed a Letter of Intent (LoI) to form a 50:50 joint venture with Shaanxi Automobile Group of China to set up a 1.5 lakh unit plant in Xi’an Economic and Technological Development Zone in Xi’an, Shaanxi Province, in northwest China, by 2019.

The South Korea-based Ssangyong Motor has signed a Letter of Intent (LoI) to form a 50:50 joint venture with Shaanxi Automobile Group of China to set up a 1.5 lakh unit plant in Xi’an Economic and Technological Development Zone in Xi’an, Shaanxi Province, in northwest China, by 2019.

More than 136,000 visitors from over 170 countries encountered a record 4,820 exhibitors.