KG Mobility of Korea – known previously as SsangYong Motor – will develop a series of SUVs on a platform licensed from China’s Chery Automobile Co. In this direction, KG Mobility signed a strategic partnership and platform license agreement with Chery Automobile Co. in October 2024.

The agreement (claimed to have a span of eight years) was signed in the presence of KGM Mobility Chairman Jea-sun Kwak, company CEO Ki-young Hwang, and Chery Group's Chairman Yin Tongyue. Cherry Automobile Co. President Zhang Guibing was also present at the signing ceremony.

Encompassing the development of cutting-edge technology, reduce product development time and adapt to market changes, the strategic collaboration agreement between Chery Automobile Co. and KG Mobility is expected to enable the latter to build mid-to-large SUVs that provide differentiated mobility value.

The agreement includes sharing the intellectual property of the T2X platform, claim sources. T2X is a technology the Chinese automaker Chery Automobile Co. uses to manufacture plug-in hybrid vehicles.

To enable KG Mobility to respond to market changes quickly and also to roll out models for global markets, the strategic collaboration marks a significant development for the KG Group of Korea.

The regulatory filing notes, sources cited, highlight that the area to be impacted includes all countries in the world except China and United States.

Hwak mentioned, "As a member of the KG Group family, KGM has successfully launched new models such as the Torres EVX and Actyon, as well as various improved models, boosting sales volumes and reinforcing our global market penetration while achieving business normalisation. Through this strategic partnership and technical collaboration with Chery Automobile, we will be able to develop a wider range of models, shorten development times, and launch new models that meet customer needs, allowing us to respond to the rapidly changing automotive market."

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Toyoda Gosei Co, and Kansai Paint Co, have partnered to develop an in-mould coating technology that can be applied to the mass production of large plastic automotive exterior parts. This marks the first time in Japan that this technology is applicable to large exterior components, which have a high level of difficulty in production.

In-mould coating involves forming and painting large plastic parts inside the mould itself, a process typically restricted to smaller products.

The development uses Toyoda Gosei's proprietary mould technology for large parts and paint material design technology developed through the collaboration. This new process achieves a seamless appearance with a high level of smoothness on the painted surface, allowing for new moulding designs.

Other benefits include:

• Improved Durability: The use of urethane paint makes abrasions less noticeable.
• Environmental Reduction: A drying furnace is no longer necessary, which the company states reduce CO2 emissions during production by approximately 60 percent.

The first large painted products using this technology are scheduled for market launch in spring of 2026. Toyoda Gosei plans to expand this technology to its international production sites as a pillar of its new decorative technologies.

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The Indian Army's Fire & Fury Corps has signed a Memorandum of Understanding (MoU) with Airbornics Defence & Space (ADSL), part of the JCBL Group, to establish a New Generation Vehicle (NGV) Repair Hub and Warehouse. The facility will be located inside the 14 Corps Zonal Workshop in Leh.

The initiative aims to boost the Army’s logistics readiness by setting up a dedicated OEM warehouse and repair facility for New Generation Vehicles within the Army’s premises.

The ceremony was held at Headquarters 14 Corps, Leh, and was presided over by Lt Gen Hitesh Bhalla, Corps Commander, 14 Corps. Brig Nipoon Sood, Brig EME, 14 Corps, formally signed the MoU on behalf of the Army.

Under the collaboration, the JCBL Group (ADSL) will provide its expertise in defence manufacturing, support, training, retro-modification and R&D know-how through the NGV Hub framework.

The Group shall also maintain stocking of fast-moving spares for vehicles and equipment supplied to the Indian Army. Additionally, it will supply parts and components of war stores, which it provides to the Ordnance & EME Channels of Indian Army, through its group companies.

The Indian Army plans to expand this presence of industry warehouses to three more forward locations of the 14 Corps Area of Responsibility in the future.

Lt Gen Hitesh Bhalla, Corps Commander, 14 Corps highlighted that this partnership between Indian Army and Industry would significantly enhance the operational readiness of 14 Corps. He further stressed the need to ensure that Army units fully exploit the presence of Industry Warehouses at these forward locations of Ladakh.

Rishi Aggarwal, Managing Director, JCBL Group, said “The JCBL Group takes pride in being the Industry Partner of the Indian Army. This fresh collaboration with the Fire and Fury Corps of the Northern Command is very special to the Group since it is the most operationally committed formation of the Defence Forces. We compliment Lt Gen Hitesh Bhalla, Corps Commander, 14 Corps for his exceptional vision of incorporating the Industry at Field Formation Level thereby ensuring a significant amelioration of equipment availability and Operational readiness.”

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The Association of Indian Forging Industry (AIFI) showcased India's industrial sector at the 24th International Forging Congress (IFC 2025) in Frankfurt, Germany.

Yash J Munot, AIFI President, delivered a keynote presentation on India's manufacturing capabilities, technological advancements and vision for global partnerships. He highlighted India's status as the world's second-largest producer of forgings and its position in the global supply chain.

In his address, ‘Forging India’s Future – Partnering with the World,’ he discussed India’s journey of modernisation, global integration and sustainable growth.

"India has transformed from being a land of opportunity to a land of action. The forging industry stands as a true reflection of this transformation, built on the pillars of scale, skill and sustainability and ready to co-author the future of global manufacturing. We have evolved from a labour-intensive past to a capital-intensive, technology-driven present, powered by significant investments in Industry 4.0, AI, automation and smart manufacturing practices. In an era shaped by geopolitical shifts, fluctuating material costs and the global call for sustainability, India’s forging industry offers reliability, quality and resilience. We are not here merely as suppliers, but as partners and collaborators, committed to forging a stronger, more innovative and sustainable industrial future for the world,” he said.

India’s forging industry produces 2.9 million metric tonnes annually, with an installed capacity of 4.8 million MT, representing investments worth USD 3.8 billion. The sector employs over 300,000 people. It supplies components to sectors including automotive, railways, aerospace, defence, construction equipment and engineering. Around 30 percent of total production is exported to Europe, North America and Asia.

The industry has adopted Industry 4.0 technologies such as automation, artificial intelligence, digital simulation and data analytics. The focus on energy-efficient furnaces and circular manufacturing reflects the sector’s commitment to environmental responsibility.

Munot highlighted the upcoming Forging Simulation Centre in Pune, designed to help small and medium enterprises (SMEs) improve productivity and minimise environmental impact through digital technologies.

He also announced the 4th edition of Forgetech India, AIFI’s biennial exhibition and conference, scheduled for October 2026.

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VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, is set to invest INR 5.44 billion towards production and final assembly of the Volvo Group’s globally proven 12-speed Automated Manual Transmission (AMT).

The company is establishing a new greenfield factory at Vikram Udyogpuri Integrated Industrial Township, near Ujjain, Madhya Pradesh. The new facility will have an initial capacity to produce 40,000 units per annum, with production and local content to be gradually ramped up. The transmissions will benefit Eicher Heavy Duty truck customers in India and Volvo Group in India, along with plans to export to select markets in Asia-Oceania region.

The development builds upon the 18-year-old alliance between the two companies, with VECV already manufacturing Volvo Group’s 5-litre and 8-litre (MDEP) engines in India since 2013.

The new AMT facility will have an initial capacity to produce up to 40,000 units p.a., with production and local content to be gradually ramped up in line with Volvo Group’s global processes and quality standards.

Sofia Frandberg, Chairperson, VE Commercial Vehicles and Senior Leader, Volvo Group, said, “This investment by VECV represents yet another win-win synergy with the Volvo Group and leverages the technical and industrial capabilities that have been built-up over the past 18 years. During this time, VECV has repeatedly demonstrated its leadership in the commercial vehicle market through timely introduction of future-ready solutions that address customer needs in the rapidly transforming industry.”

Siddhartha Lal, Chairman, Eicher Motors, said, “Since its inception in 2008, our VECV JV has progressively delivered joint programs of growing importance and technological complexity. The new investment to assemble and produce the Volvo Group AMT is built on the bedrock of this trust and technical capability. It marks another significant step towards our vision of becoming a leading CV player in India and other emerging markets by driving modernisation in commercial transportation.”

Jens Holtinger, Executive Vice-President Group Trucks Technology and Chief Technology Officer, Volvo Group, said, “This new manufacturing hub at VECV is an excellent example of how the Volvo Group has leveraged partnerships to make our manufacturing supply chain more efficient. It is also a testament to the amount of trust we put in the competence of VECV. Over the past 18 years, VECV has become a core part of Volvo Group supply chain for critical components and aggregates, and we now write a new chapter in our successful relationship.”

Vinod Aggarwal, MD & CEO, VE Commercial Vehicles, said, “As the Indian commercial vehicle industry moves towards higher capacity vehicles, Eicher truck customers and drivers will have access to Volvo Group’s globally leading AMT, which is proven to reduce driver fatigue and improve fuel economy, productivity and Uptime in demanding operations. The new AMT factory will be built to Volvo Group’s global standards and is very much aligned with the Government of India’s vision for Make in India. We thank the Government of Madhya Pradesh for their unstinting support.” 

Image for representational purpose only.

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