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The joint venture will involve the establishment of greenfield facilities for the production of new products. The first will be launched in Gurgaon, followed by Gujarat and the second in Chennai.
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Before the report was released, Hyundai Motor issued a statement on Friday that it was in early negotiations with Apple. Earlier, another local media reported that the two companies' goal is to launch self-driving electric vehicles in 2027, which will increase Hyundai's stock price by nearly 20%.
The new Magnite SUV stands out in many ways. In the short time since its launch, it has received more than 30,000 customer bookings. It is also the torchbearer of the troubled Nissan's future in India. Since its debut on December 2nd, an average of 1,000 units have been booked every day, reflecting the strength and new vitality of the brand. Nissan hopes that it will enable it to abandon legacy issues and open a new chapter in the transportation sector in India.
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