MUMBAI – A former Hyundai Motor India Ltd. executive is teaming up with Tier 1 supplier Lokesh Machines Ltd. and an unidentified German car maker to set up a new diversified light-vehicle manufacturing operation in India.
Initial investment is put at Rs14 billion ($309 million), with the local government allotting 200 acres (81 ha) of land for the project, which will have capacity for 60,000 small ...
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