Ashok Leyland is setting up a green field integrated commercial vehicle plant in Lucknow with a mission to achieve net-zero emissions by 2048. The plant will manufacture electric buses and other vehicles powered by diesel, hydrogen, CNG, and LNG.
Tae-Jin Park, managing director, Kia India told ET that the company will also ramp up capacity by nearly a third to 400,000 vehicles ahead of the festive season next year. Park said India is a very important market for Kia globally. “Our management realises the importance of the market here and has been supporting us with the necessary resources,” he said.
"Our strategic collaboration with SAIC Motor aims to grow and transform the MG Motor operations in India with a focus on green mobility solutions," the JSW Group s Parth Jindal said in a media release. The announcement comes amid increased scrutiny by the Indian government on investments made by China amid border tensions.