Hyundai India MD seeks long-term policy, shift to advanced tech exports

Hyundai Motor India MD and CEO Tarun Garg on Wednesday called for a consistent long-term policy framework to support scale and accelerate technology and component development, while urging the country’s auto industry to move beyond exporting conventional components to advanced technologies, engineering capabilities and innovation. Addressing the 66th Annual Session of the Automotive Component Manufacturers…

Japan rating agency upgrades India’s sovereign rating amid strong economic growth

Japan Credit Rating Agency has raised India’s sovereign rating to ‘A-‘ with a stable outlook, highlighting solid economic growth and enhanced financial metrics. The current fiscal year is projected to maintain a growth rate exceeding six percent, bolstered by government initiatives and a fortified financial sector. Additionally, robust foreign exchange reserves enhance resilience to potential…