SEOUL — The Hyundai Motor group will establish another research and development center in India to produce software for self-driving vehicles, raising its profile in a long-term growth market.
Hyundai Mobis, the South Korean group’s main parts supplier, will create a second R&D center near an existing lab in the city of Hyderabad, a tech hub in central India. The company will lift the number of technicians by 20% yearly from the current 700.
The new lab will develop software for cameras and radar detection, among other elements essential for autonomous driving. Hyundai Mobis determined that boosting its Indian R&D resources is critical for staying competitive.
Hyundai Mobis employs a total of 5,000 technicians at R&D centers in South Korea, the U.S., Germany, China and India. Each region is assigned a role, with India positioned as a base for software development given the country’s deep pool of software engineers.
Both Hyundai Motor and group company Kia Motors operate assembly plants in India, where they hold a total market share of roughly 20%.
Source: Nikkie
Image Courtesy: CBC
You may also like
-
Trade Connect E-platform For Exports Is Single Window, Fast, Accessible And Transformational: Shri Piyush Goyal
-
Dot Simplifies Approval Processes For Telecom Licenses And Wireless Equipment
-
Coal Production and Supply Trends on Positive Trajectory
-
Union Minister To Release Booklets On Promotion Of Indigenous Species & Conservation Of States Fishes
-
2nd India-Japan Finance Dialogue held in Tokyo on 6th September, 2024
