SOUTH KOREA: Mando to establish two more plants in India
Mando Corp. on Thursday said it would set up two factories in India this year to increase production in the fast-growing car market, according to Reuters.
Mando Corp. on Thursday said it would set up two factories in India this year to increase production in the fast-growing car market, according to Reuters.
Mando, which already has a brake system plant and a research centre in India, reportedly said it would establish a steering system factory and a foundry in India, investing part of the 185 billion won (US$192.3m) the company earmarked for capital investment in 2006.
Mando said it was also considering companies in Russia, Iran and the Czech Republic, but did not elaborate, Reuters added.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
