Audi and FAW today signed a memorandum of understanding (MoU) that defines the framework for the joint production of electric vehicles based on the PPE platform. The memorandum of understanding was signed during the Germany-China Automobile Conference, which is currently taking place in Changchun, northern China.
With the signing of the MoU, Audi is affirming its cooperation with its longstanding joint-venture partner FAW. At the same time, Audi is also systematically following the path of sustainable mobility in China and is specifically gearing its locally produced drive portfolio towards the requirements and wishes of Chinese premium customers. The plans for the new company are still being developed. Production is scheduled to start in 2024.
Audi and FAW are jointly producing the all-electric Q2L e-tron and the plug-in hybrid A6L TFSIe. In addition, the previously imported Audi e-tron has been produced in Changchun since the end of September. In the coming years, Audi will offer or localise further fully electric models of the e-tron family in China. By 2025, Audi plans to generate approximately one-third of its unit sales in China with electrified cars. Audi and FAW are already building combustion-engine cars in the northeastern city of Changchun and the southern city of Foshan.
It was recently reported that the Volkswagen Group are planning to invest about 15 billion euros (USD 17.4 billion/Rs 127 crore), which would allow it to build 15 different full-electric or plug-in hybrid models in China by 2025. It will be built alongwith VW’s Chinese partners, FAW Group, SAIC Motor and JAC.
In the future, Audi will also bring to China the Premium Platform Electric (PPE), which was developed jointly with Porsche, to further advance the transformation in its largest market. Several all-electric Audi models are to be produced for the Chinese market on the new PPE platform from 2024 onwards.
Markus Duesmann, Chairman of the Board of Management of Audi and responsible for the China-business said, “This decision emphasizes the strategic importance of the Chinese market. We are thus actively pushing forward with innovations locally.”
Werner Eichhorn, President of Audi China: “This is a further milestone in our electrification strategy for the Chinese market. We are also confirming our commitment both to our longstanding Chinese partner FAW and to our activities in China, which we are now taking to a new level.”
Audi has reported sales of 512,081 vehicles to customers in China in the period of January to September 2020, a YoY growth of 4.5 percent. Audi further claims that it achieved its best results in its 30 year history in China, despite the interruptions in production due to the coronavirus pandemic.
MINI India Launches Customisation Programme
- By MT Bureau
- August 26, 2026
German luxury brand BMW Group-owned MINI India has launched Mod My MINI, a vehicle customisation programme for Cooper and Countryman models. The initiative enables owners to alter both new and existing vehicles through factory-supported upgrades.
The programme provides options to modify components, including the roof, mirror caps, spoilers and brake calipers. Customers can select from a catalogue featuring over 100 paint shades, thematic decals and original accessories, yielding up to 2.5 million potential configurations.
Hardeep Singh Brar, President and CEO, BMW Group India, said, “MINI has never been just a mode of transport; it is a declaration of personal style. We firmly believe that no two MINIs on the road should look the same, which is why the 'Mod My MINI' programme puts the design canvas directly into the hands of our owners. True luxury is defined by the freedom to choose, and by offering this unprecedented tier of factory-backed customisation, we ensure that every driver can define their vehicle's identity entirely on their own terms. Ultimately, small changes drive a big personality, making your driving experience as completely unmatched as your fingerprint.”
Decals applied through the programme carry a 24-month warranty from the installation date. The service is available across MINI India’s 17 sales touchpoints in 16 cities, with vehicle servicing integrated into the broader BMW Group India network spanning 51 locations.
Hyundai To Launch 26 Models In India By 2030 As Part of Ambitious Growth Strategy
- By MT Bureau
- August 26, 2026
South Korean automotive major Hyundai Motor Company has announced plans to achieve 5.55 million annual global vehicle sales by 2030, targeting a 6 percent global market share. The OEM intends to increase the share of electrified vehicles in its sales mix to 60 percent by 2030, up from 23 percent in 2025.
Interestingly, the company’s ambitious strategy includes launching or refreshing more than 100 models by 2030 across major markets, including 58 in North America, 49 in South Korea, 41 in Europe, 26 in India and 22 in China.
The product offensive features Extended Range Electric Vehicles offering over 600 miles of range, with the Santa Fe EREV set to begin production at Hyundai Motor Manufacturing Alabama in the first half of 2027.
Jose Munoz, President and CEO, Hyundai Motor Company, said, “Our fundamentals have never been stronger. Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back. We are bringing more than 100 new models to market by 2030 with multiple powertrain options and raising our operating margin above 9 percent. We are leveraging partnerships to scale new technologies and opportunities and becoming a physical AI company which will produce and deploy robots and robotaxis.”
Hyundai Motor plans to add 1.27 million units of global manufacturing capacity by 2030. The expansion allocates 500,000 units to North America, 320,000 to India, 250,000 across complete knock-down sites and 200,000 to South Korea, including a facility at its Ulsan operations.
In North America, Hyundai aims to raise its local parts sourcing target to 80 percent by 2030. The brand plans to offer more than 10 hybrid models in the region, targeting a 50 percent hybrid sales mix produced at its Alabama and Georgia facilities.
The Genesis luxury brand aims to achieve 350,000 annual sales across more than 40 markets by 2030. Genesis will launch the GV80 Hybrid in the fourth quarter, followed by the GV90 flagship SUV and an EREV variant targeting a range of over 640 miles in early 2027.
The group will begin deliveries of IONIQ 5 Waymo robotaxis in the fourth quarter of 2026 from its Georgia plant, ahead of commercial driverless services later in the year. Hyundai is also collaborating with Boston Dynamics to commercialise manufacturing robotics, planning to deploy the industrial humanoid robot Atlas at Hyundai Motor Group Metaplant America from 2028.
Autonomous driving development includes testing Atria AI in South Korea this year, followed by Level 2+ autonomous integration on mass-produced vehicles in 2028 through a collaboration with NVIDIA. To support computing requirements, Hyundai plans to open the 100-megawatt Saemangeum AI Data Center in 2029.
In-house battery developments feature cells delivering higher output and 40 percent faster charging speeds, alongside cloud-based battery management systems aimed at extending cell life by 20 per cent by 2028. The company is introducing Thermal Runaway Protection technology on the Genesis GV90 to prevent heat transfer between battery cells.
Financial targets for 2030 include raising the consolidated operating profit margin target to above 9 percent, supported by a 3 percentage point reduction in the cost of sales ratio. For the first half of 2026, Hyundai reported revenue of 95.2 trillion won (USD 70 billion) and an operating profit margin of 5.6 percent.
Maruti Suzuki Fronx Exports Cross 200,000 Units
- By MT Bureau
- August 18, 2026
Maruti Suzuki India has announced that cumulative exports of its Fronx model have passed 200,000 units in under 38 months following the commencement of overseas shipments in June 2023.
Manufactured at the company's Hansalpur plant in Gujarat, the SUV is exported to nearly 90 markets, including Japan. The Fronx reached its initial 100,000 export milestone within 25 months, with the subsequent 100,000 units shipped over the following 13 months.
Hisashi Takeuchi, Managing Director and Chief Executive Officer, Maruti Suzuki India, said, “Every vehicle exported by Maruti Suzuki carries the hard work and pride of our people. Together, these vehicles take a piece of Indian manufacturing to nearly 120 countries. Fronx has been a key contributor to Maruti Suzuki’s success in exports. Since FY 24-25, it has been India's No. 1 exported passenger vehicle* and is now shipped to nearly 90 countries. After crossing the milestone of 100,000 exports in record time, Fronx reached its second lakh significantly faster, underlining its growing demand in the international markets.”
“Aligned with ‘Make in India, Make for the World’, Maruti Suzuki continues to showcase the prowess of India’s manufacturing ecosystem. Sustained focus on exports has earned the Company the number one position in passenger vehicle exports from India*. Illustrating this leadership, all three of India’s top exported passenger vehicles in Q1 FY 26-27^ were from Maruti Suzuki. The growing export volumes year-on-year are a strong endorsement of the reliability and appeal of the Company’s products across global markets,” added Takeuchi.
The Fronx remains the company's primary export model within its passenger vehicle lineup, supporting its total export volume across international regions.
Jeep Launches Compass 85th Anniversary Edition In India At INR 2.67 Million
- By MT Bureau
- August 17, 2026
Stellantis-owned Jeep India has launched the Jeep Compass 85th Anniversary Edition, limited to 85 units at prices starting at INR 2.67 million (ex-showroom).
The anniversary edition incorporates visual updates to the exterior and interior of the vehicle platform. External changes include 18-inch alloy wheels finished in gloss black alongside anniversary badging. The interior cabin features a black colour scheme paired with gold accents and contrast trim detailing.
Kumar Priyesh, Business Head and Director of Automotive Brands, Stellantis India, said, "The Jeep Compass has always been central to the Jeep story in India, bringing the brand's legendary capability, design and authenticity to customers who expect more from their SUV. As Jeep celebrates 85 years globally, the Compass 85th Anniversary Edition gives this iconic nameplate a distinctive new expression. With exclusive anniversary-inspired styling, curated accessories and safety technologies, this special edition has been crafted for customers who seek a Compass that feels even more personal, intelligent and exclusive."
The vehicle is offered with optional accessory packages under the brand's personalisation options. These packages add functional and cabin features, including sunroof illumination, ambient lighting, a digital inner rear-view mirror and integrated front and rear dashcams. Bookings for the limited-run vehicle have opened across the company's dealership network and online sales platform.
Comments (0)
ADD COMMENT