Denso to invest ₹250 crore in new EV component plant in UP
Denso Corporation
will invest ₹250 crore to establish a manufacturing plant for
motor generators
in Gautam Budh Nagar, Uttar Pradesh, a key move to bolster the electric and hybrid vehicle ecosystem in India,
TNN
reports.
The investment was confirmed after a strategic meeting between Denso executives and a visiting delegation from Uttar Pradesh, led by Alok Kumar, principal secretary (infrastructure and industrial development), at Denso 's global headquarters in Kariya, Japan. Senior members of Invest UP also participated in the discussions.
Motor generators, central to hybrid and electric vehicles, will be the primary focus of the upcoming facility, which is expected to support India's transition to
cleaner mobility solutions
.
The meeting took place on the sidelines of the
World Expo 2025
in Osaka, where a UP delegation headed by state finance minister Suresh Khanna is engaging with Japanese industry leaders and government officials. The team also held talks with Osaka Prefectural Assembly leaders, Kida Kaoru and Kinjo Katsunori, focusing on opportunities for industrial collaboration, technology transfer, and workforce upskilling.
Invest UP's pavilion at the Expo is reportedly drawing strong global interest, showcasing Uttar Pradesh's infrastructure readiness, policy support for industries, and its ambitions in the electric mobility sector.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
an hour ago
- First Post
US, EU trade talks begin in Scotland as von der Leyen seeks deal with Trump
US President Donald Trump and European Commission President Ursula von der Leyen convened in Scotland on Sunday in a bid to resolve a prolonged transatlantic trade row. read more US President Donald Trump and European Commission President Ursula von der Leyen met in Scotland on Sunday to push forward high-stakes trade negotiations with both sides under pressure to avert a transatlantic tariff clash before an August 1 deadline. The talks come after weeks of intense back-and-forth between Washington and Brussels as the EU seeks to strike a deal that would shield key sectors, particularly automobiles, pharmaceuticals and industrial goods from sweeping new US tariffs. STORY CONTINUES BELOW THIS AD Trump has threatened to impose fresh 30% tariffs on EU goods if an agreement is not reached by Friday, on top of existing levies including 25% on cars and parts and 50% on steel and aluminium. He has maintained that the EU has treated the US unfairly and warned that without a deal, punitive measures would go ahead. Despite the rising stakes, Trump said the chances of a deal were '50-50', while calling von der Leyen a 'highly respected woman' and expressing hope that the meeting would be productive. Speaking from his Turnberry resort on Friday, he said that there were '20 sticking points' in the negotiations but declined to elaborate. The EU, the United States' largest trading partner, exported €532 billion ($603 billion) worth of goods to the US in 2024, with pharmaceuticals, auto components, and chemicals among the biggest categories. The two sides exchanged a total of €1.6 trillion ($1.8 trillion) in goods and services last year, underscoring the magnitude of what's at stake. In preparation for Sunday's talks, EU negotiators consulted with Japanese officials, whose recent deal with Washington secured a baseline tariff of 15%. Trump has been aiming for similar trade shakeups globally, having already clinched agreements with the UK, Japan, Indonesia and Vietnam, though his administration has fallen short of delivering on its '90 deals in 90 days' pledge. STORY CONTINUES BELOW THIS AD With the clock ticking, both Trump and von der Leyen are hoping Sunday's discussions in Scotland will pave the way for an agreement that could reshape one of the world's most important trade relationships and stave off another economic confrontation.
Time of India
4 hours ago
- Time of India
Jobseeker is asked for class 10 and 12 grades, gets outraged: ‘How's this normal?'
A job applicant recently expressed strong disappointment after a recruiter requested their marks from Class 10 and 12 during the hiring process. Sharing their experience through a post titled 'How are employers asking for old pay slips and 10th grade still normal in India??' on the widely followed subreddit 'Indian Workplace,' the individual criticized employers in India for focusing excessively on academic scores from school, which they felt had no bearing on how efficiently someone performs in a job post emphasized that if a company has already determined a salary budget for a particular role, then that should be the basis for compensation. If an applicant does well in the interview, the employer should offer the pre-decided pay. In case the applicant asks for more than what has been allotted, they can simply be informed that the request goes beyond the limit. The user felt this approach would be straightforward and the individual pointed out how outdated hiring practices are still being followed in 2025, including demands for academic mark sheets, old salary slips, resignation letters, and other personal documents. They felt these requirements were unnecessary and invasive and did little to judge a candidate's true other users joined the discussion, sharing similar stories. One user recounted a situation from the oil and gas EPC sector in Chennai. A Japanese company, newly launched in the city, had posted openings online. But before the interview stage, they required multiple documents—Bachelor of Engineering certificates, payslips, and letters from former employers. This user chose to withdraw their application, unwilling to entertain such invasive contributor recalled how someone in their social circle rejected a job seeker simply because the applicant had a low percentage in their 10th-grade exams. That hiring decision was made by a man in a managerial post, who happened to be the brother of the contributor's former girlfriend. His sister, working in HR, even took pride in that rejection—highlighting what the commenter described as a deeply toxic work and family mindset.A final user added that companies should never base a new offer on an applicant's last-drawn salary. Instead, they should communicate the budget ceiling openly, or at least offer around 80% of it by default if the candidate hasn't specified a number. Undervaluing employees, they cautioned, only results in them quitting when they discover the gap between their pay and industry standards.
&w=3840&q=100)
Business Standard
4 hours ago
- Business Standard
India should push for joint statement in trade talks with US: GTRI
India must proceed with caution in its trade talks with the US, drawing lessons from countries like Vietnam and Japan, economic think tank GTRI said on Sunday. To prevent any misrepresentation, the Global Trade Research Initiative (GTRI) said New Delhi should insist on a jointly issued written statement before acknowledging the final terms of any agreement. It added that a Japanese government document released on July 25 shows major gaps between Japan's understanding of a new trade deal with the United States and how President Trump portrayed it just days earlier. Trump claimed on July 22 that the agreement secures massive Japanese investments, strong tariff protections, and guaranteed access for US farm exports, including rice. But Japan's official summary, published by its Cabinet Secretariat, describes a far more limited framework -- still under negotiation and lacking binding commitments, GTRI Founder Ajay Srivastava said. "India should tread carefully as it negotiates its trade agreement with the United States, taking a cue from the experiences of countries like Vietnam and now Japan," he said. India and the US are negotiating a bilateral trade agreement. They are aiming to clinch the first phase by fall (September-October) this year.
