#hyundai manufacturing plant in chennai jobs

[uniquejobs]

Hyundai company Chennai Sriperumbudur job vacancy | Best Jobs 2023

Introduction – Hyundai company Chennai Sriperumbudur job vacancy Hyundai company Chennai Sriperumbudur job vacancy: Hyundai has Published a notification for the vacancy of  Project Executive The educational qualification required to apply for this Hyundai Job is B.E or B.Tech Engineers Interested and eligible candidates can apply for the Hyundai company Chennai Sriperumbudur job…

[supernews]

Foxconn India iPhone plant to reopen on January 12: Govt officials

Apple Inc supplier Foxconn will reopen an iPhone manufacturing facility in southern India on Wednesday with 500 workers, government officials and a legislator in the region where the plant is located told Reuters.

The Foxconn plant, in the town of Sriperumbudur near the Tamil Nadu state capital of Chennai, employed about 17,000 people but was closed on Dec. 18 after protests over 250 of its workers who fell sick with food poisoning.

Apple has since placed the factory on probation after discovering that some dormitories and dining rooms did not meet required standards. Foxconn and Apple did not immediately respond to a request for comment. K Selvaperunthagai, a member of the state assembly for the area, said the Tamil Nadu Chief Minister M K Stalin told the assembly late on Friday the plant would reopen on Wednesday with 500 workers.

Government officials have said Foxconn intended to resume production gradually but have not said when the full workforce would be back on the job. Foxconn has been making the iPhone 12 and testing production of the iPhone 13 at the Sriperumbudur facility, its only plant in India, government officials have said. Apple has eight other suppliers in India.

Selvaperunthagai told Reuters the state government would build a hostel facility with a capacity to house tens of thousands of workers from various industries to address the concerns about standards of dormitories and dining facilities. "The government is clear that they don't want such incidents to happen again," he said.

Tamil Nadu, a state of more than 70 million people and one of the country's most industrialised, is sometimes called the "Detroit of Asia". It is home to factories of companies including BMW, Daimler, Hyundai, Nissan and Renault.

Read more

[1pitstop]

Learn With Pitstop The Evolution Of The Indian Automobile Industry

The automobile industry round the world has expanded by leaps and bounds, but the evolution of the Indian industry has been such it had been quite surprising and infrequently fascinating to witness. Did you recognize - the primary car that plied on Indian roads was in 1897, owned by Mr. Crompton Greaves, and therefore the first Indian to have a car in 1901 was Jamshedji Tata!

Before India gained independence from British in 1947, the Indian automobile market was widely acknowledged for imported vehicles, and assembling duties of the manufactured cars was handled by General Motors.

But what proportion can we actually realize the Indian automotive industry and its origins? My guess would be, almost such a lot . Therefore, this Independence Day , let's take a rehearse history as we explore the evolution of the Indian industry , all the way from its inception to its current status within the world market.

The First Car To Enter The Market

Characterized as a self-taught automotive expert, it was Mr. K. A. B. Menon established Aravind Automobiles in 1956 with the motive of building an Indian car from scratch in Kerala. the primary Indian car to be manufactured on national soil was Menon's Aravind 'Baby' Model 3 in 1966, a classic four-door sedan.

But because it didn't get the patronage of the overall masses and therefore the prominent industrialists, soon after the discharge of the Aravind came Hindustan Motors’ Ambassador, which became the primary locally manufactured car in India. supported the Morris Oxford Series III, the Ambassador had British origins, but it had been still considered a definitive Indian car.

In the 1980s, Hindustan Motors met its match within the sort of a replacement participant, Maruti Udyog Limited. The auto industry's evolution contributed quite lot to the country's economic process , while also helping out the finance and insurance sectors. Over time, vehicular insurance was also found out and governed by the automobiles Act, 1988. It ushered in compulsory insurance for all and any sort of transportation driven on Indian roads.

Meanwhile, SUV's started being manufactured by Mahindra and Mahindra, Bajaj, Standard Motors, etc. Cumbersome and medium commercial vehicles were made by seven manufacturers, including Ashok Motors, Simpsons and Co., Premier Motors, and more. Two-wheeler vehicles like scooters, motorcycles, were manufactured by Bajaj Auto, Escorts Group, Royal Enfield, Automobiles Product of India, Ideal Jawa, etc.

Post Liberalization Period

Shortly after the liberalization period, carmakers who were previously not allowed to take a position within the Indian market thanks to strict policies arrived within the country. Post liberalization, the alliance between Maruti and Suzuki was the primary venture between an Indian and a far off company. Slowly and steadily, economic reforms brought major international companies like Hyundai and Honda, which expanded their bases to the country.

From 2000 to 2010, most major automotive companies expanded their presence in India by establishing manufacturing facilities in several parts of the country. During an equivalent decade, the govt introduced mandatory emission standards to scale back the pollution produced by vehicles. The updated guidelines were referred to as 'Bharat Stage' and came into force within the main cities since these standards were supported strict European standards.

Bharat Stage IV is implemented in 13 cities, including Delhi (NCR), Mumbai, Calcutta, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, and Surat, Kanpur, Lucknow, Solapur, and Agra while the remainder of the state remains under Bharat Stage III. Progress Over The Years Over the years, the automotive market in India has evolved by leaps and bounds, as most large companies are present within the country. India has become a middle for car manufacturers installing their plants to manufacture vehicles destined for national and international markets.

To list some of the common feats of the Indian auto industry, it emerged because the fourth largest exporter of passenger cars behind Japan, South Korea , and Thailand in 2009. While in 2010, India emulated its performance from the previous year to become the third-largest car exporter.

In fact, the AMP 2026 envisions that by the top of the year 2026, the Indian automotive industry will become one among the world's top three in terms of engineering, and export of vehicles and auto components. it's further estimated that the car industry will grow in value to quite 12% of India's GDP and generate quite 65 million jobs.

Conclusion

However, with the ups also come the downs, and therefore the refore the current policy debate is now built your knowledge with car service pitstop in delhi around how greater resource efficiency are often accomplished and the need for more novel materials in light of the industry's plans to manufacture electric vehicles in India.

[flyingbizdeals]

Hyundai: Up to Rs 1 lakh discount on Hyundai cars in May

Hyundai: Up to Rs 1 lakh discount on Hyundai cars in May

NEW DELHI: Hyundai Motor India is offering benefits up to Rs 1 lakh on purchase of selected cars in May.

Hyundai has also introduced customer-centric EMI assurance plan that covers up to three EMIs on the car loan in case of job loss.

Hyundai has resumed its manufacturing at the Chennai plant and has been strengthening its digital platform. The discounts are offered through the ‘click and buy’…

[global-news-station]

MANESAR: The narrow lanes in Aliyar and Kasan villages in Manesar, an automotive manufacturing hub on New Delhi’s southern outskirts, would usually be packed on Sundays with migrant workers employed at the nearby plants enjoying their day off, but not anymore.

These are hard times for an area dependent on the fortunes of companies like Maruti Suzuki, the carmaker with the largest market share in India, and motorbike maker Honda Motor Co’s local unit. The auto and component makers in and around Manesar, have shed thousands of jobs.

Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales. Figures for August, like July, are expected to show a drop of more than 30%, making a 10th straight month of decline.

As the crisis in the sector bites harder small businesses in the towns and villages around Manesar, home to one of the three plants where Maruti Suzuki cars are made, have seen a fall off in trade.

“There are already fewer workers in the village and those who still have jobs are either not getting paid for working overtime or are not spending as much out of fear they may lose work and need the money,” said grocer Rahul Jain, his shelves stacked with toothpaste and soaps from fast-moving consumer goods companies like Hindustan Unilever, Colgate-Palmolive and Dabur India.

Even sales of products like cooking oil and flour have fallen. On the lower rungs of the service sector, barbers and tea stall owners said they had fewer customers.

Shoe seller Subhay Singh, in Manesar’s Aliyar village, has days when he doesn’t make a single sale.

“My monthly earnings have halved,” said Singh, who a year ago made an average 8,000 rupees a day. “I don’t know what’s happening.”

In the United States there was an old adage: “When General Motors sneezes, the Wall Street catches a cold.” In India, the impact goes well beyond the stock market.

India’s automotive industry is the fourth largest in the world, employing more than 35 million people, directly and indirectly, and accounting for nearly half of India’s manufacturing output.

The industry has three main centres; Gurugram in the North, Chennai in the South, where among others Ford Motor and Hyundai Motor have plants, and Pune in the West, where Tata Motors and Fiat are located.

All of them are hurting, and the pain is radiating outwards.

NEEDING A HAIRCUT

Before suffering the steepening slump in sales, the auto industry provided one of the few bright spots for manufacturing. Its troubles stem in part from banks’ and non-banking finance houses’ reluctance to extend consumer loans, as well as subdued demand, particularly in the countryside, where two-thirds of Indians live.

Laid-off workers returning to their villages are now putting more burden on a rural sector already suffering falling income from low crop prices, and dampening consumer sentiment and growth across the country.

Gurmeet Singh had been earning 10,000 rupees a month until he lost his job at auto component maker Bellsonica in Manesar. Six months later, back in his hometown of Ambala in Haryana state, Singh is still looking for a job, and catastrophising about the future.

“I haven’t had a hair cut in months, my shoes are torn and I’ve been using the same pair of clothes since I lost my job. Only I know how I am surviving,” said the 26-year-old.

“If I don’t get a job, how will I build a house for my family, get married and pay off the loan my parents took to educate me?” he said.

His bleak outlook reflects an increasingly grim big picture. India’s economic growth slipped to a six-year low of 5% in the April-June quarter and Prime Minister Narendra Modi, who was re-elected to a second term in a landslide in May, is under pressure to provide a stimulus for an economy that is seriously undershooting the growth rate needed to generate enough jobs for the millions of young Indians entering the labour market every month.

RESISTING A BISCUIT

All this is cast against a backdrop of a weakening world economy, and uncertainties arising from the trade war between the United States and China.

Things are so manifestly bad that even one of the nation’s most popular biscuit makers, Parle Products Private Limited, is worried about the impact of the auto industry’s troubles on sales.

“If the economy is buoyant then even the rural consumer will not mind paying a little extra. But this (slowdown) has acted as a catalyst to the drop in demand,” said Mayank Shah, product category head at Parle.

Britannia Industries Ltd, which controls a third of the biscuits market in India, said it has “never seen this kind of a slowdown” where people are hesitant to buy a pack of biscuits costing just 5 rupees ($0.07).

“If the consumer is thinking twice before buying, then obviously, there is some serious issue in the economy,” Varun Berry, the company’s managing director told analysts in a post-earnings call last month.

Under pressure from businesses and investors to provide more stimulus, Finance Minister Nirmala Sitharaman proposed a series of measures last month to help the economy and financial markets but some economists said it would not be enough to revive long-term demand.

On Aug 23, foreign investment rules were eased for several sectors, and sources say the government is expected to come up with more measures such as tax cuts for autos and real estate.

“The real revenue growth for auto and consumer goods sectors started declining nearly two years ago. The slowdown has merely gained prominence now,” said Arindam Som, analyst at India Ratings, a Fitch group company, adding that he expects auto companies to further cut production.

A year ago, Vinod Chauhan had no vacancies at all in the 70 rooms he leased primarily to migrant workers in Manesar’s Kasan village. Today, over a third of those rooms are vacant and Chauhan fears things could get worse before they get better.

His son won’t be getting the new car that Chauhan planned to buy him this year, and the landlord has also shelved plans to build another 100 hostel apartments.

“If I am not able to rent out all the rooms I currently have, how will I manage with more?” said Chauhan.

The post India’s economy suffers car crash appeared first on ARYNEWS.

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[greenearthadvisory]

Whats happening

Few good point that happened in last three weeks.

1) US going soft on Iran oil sanctions, chabahar port work also given exemption....

2) India going to trade with Iran n INR this will save lot of FX reserve for India....

3) biggest train bridge that will reduce travel time between Assam to arunachal from 600 km to 40 km

4) in land water transport  started forge first time n Indian history , please note this will reduce transport cost drastically, Varanasi will have port a river port....

5) Petrol price when goes up all of us shout but when come down no one cares to note it s now 80.51 today n Chennai...

6) India adds border stealth force this s strategically very important for mountain war fare

7) India jumps from electricity accessibility position from 99 to 26 , huge movement for 73 position

8) 14 sez n next 6 months to boost more job opportunity all over India

9) coming to TN Hyundai to set up new plant n Chennai for electric car manufacturing

10) Flexi fare n some trains to be removed starting mar 19....

11) GST AVG collection raised from 85000 crs per month to 95000 crs and last month it crossed 100000crs , 95% of input credit is cleared within next month and compensation to state for short fall has reduced n last three months....no state is now against GST since it has released lot of admin pressure from state govt....

12) opening of Sikkim airport is considered one of the best n the recent times by international aviation teams....

13) statue of unity in first week collected 2.1 crs as ticket collection...

14) Mumbai local train going to be completely revamped in next 5 to 6 yrs....

15) foreign enemy property going to be auctioned will fetch India 1 lakh crs.

[hellofastestnewsfan]

Not long ago, India’s underwhelming manufacturing industry was symbolized by its best-known car: the Ambassador. Modeled on a British car from the ‘50s, the boxy Hindustan Motors sedan dominated Indian roads for decades. Well into the 1990s, it was to India what the Lada was to the Soviet Union or the Trabant to East Germany, testimony to the technological shortcomings of an economy cut off from the world and shaped more by bureaucrats than by market forces.

Manufacturing in India still faces problems, including poor infrastructure, red tape, disconnectedness from global supply chains, and restrictive labor laws that have stymied the growth of business and limited economic dynamism. Nonetheless, over the past decade, hardly noticed by much of the world, the country’s auto industry has quietly scripted a success story. The land of the clunky Ambassador now houses one of the world’s major automobile industries. In terms of output—nearly 3.8 million cars a year, according to the most recent figures—India now nearly matches South Korea, an automobile powerhouse, and is on track to catch up with Germany.

This story holds lessons for Asia’s third largest economy. If automobiles, and by extension manufacturing more broadly, take off in India, the country may be able to generate many of the jobs required to employ the 12 million new entrants to the labor market each year. If manufacturing fails to thrive, India’s economic future could come into question, and along with it the country’s dream of emerging as a global power.

A manufacturing enclave in the high-growth state of Gujarat provides a glimpse of the industry’s possible future. Ford Motor Company’s sprawling, 460-acre facility can churn out 240,000 vehicles and 270,000 engines a year. Nearly two dozen suppliers have set up shop next door, creating a just-in-time manufacturing ecosystem. The plant manager at the time of my visit, Kel Kearns, a former Royal Australian Air Force flight lieutenant, said the highly automated Ford facility is “more like what you’d see in North America or Europe than traditionally in Asia-Pacific.”

It’s hard to overemphasize the importance for India of getting manufacturing right. While the country’s world-class information-technology sector put it on virtually every global boardroom’s agenda, Indian manufacturing trails that of East Asian powerhouses such as South Korea and Taiwan, or even much smaller economies like Vietnam or Bangladesh. As a percentage of GDP, manufacturing in India contributes only about 17 percent, essentially unchanged from the amount it contributed at the advent of economics reforms back in 1991.

To put this in perspective, manufacturing accounts for 29 percent of economic output in China and South Korea, and 27 percent in Thailand, according to World Bank data. Moving millions of workers from farms to factories has played a pivotal role in reducing poverty and raising living standards across East Asia.

It should come as no surprise, then, that India seeks to raise manufacturing as a percentage of GDP from 17 percent to 25 percent, and to create 100 million jobs within a decade. Shortly after his 2014 election, Prime Minister Narendra Modi launched the “Make in India” campaign with the avowed goal of transforming India “into a global design and manufacturing hub.”

Against this backdrop of patchy industrialization, the relative success of India’s car industry reveals how a once-closed sector gradually—and without receiving much attention—became the world’s sixth-largest automobile manufacturer. Ford is just one of many firms with a presence in India. Suzuki, Toyota, Honda, Hyundai, Volkswagen, BMW, General Motors, Mercedes Benz, Mitsubishi, Renault, Audi, Nissan, and Skoda all manufacture in the country now. They add to the variety of models available from India’s dominant domestic makers: Maruti Suzuki (a pioneering joint venture now majority-owned by Japan’s Suzuki), Tata Motors (which includes Jaguar Land Rover), Mahindra and Mahindra, Hindustan Motors, and Premier Automobile. That list does not include manufacturers focused on the motorcycle and scooter markets that still account for the vast majority of vehicle sales in India.

Even before India’s economic opening in 1991, a state-led experiment planted the seeds of India’s auto flowering. In 1981, the state-owned enterprise Maruti Udyog sought an international partner to manufacture subcompact cars for India’s growing middle class through a government-licensed joint venture. Suzuki was selected the next year, and the partnership flourished. The first car, a boxy white knockoff of the Japanese-made Suzuki Fronte, rolled off a factory floor outside Delhi in 1983.

The Maruti Suzuki brand remains India’s top seller; even the tiny Maruti 800 still lives on in the restyled Alto 800. But it was not until the mid-1990s, after liberalization, that India opened the automobile industry to major investment by foreign manufacturers. That’s when the major U.S., Asian, and European automakers, faced with stagnating home markets, began streaming into India.

In the 2000s, Indian automakers began to look abroad. Tata Motors acquired Jaguar Land Rover from Ford in 2008, and by 2012 had turned the loss-making company around. Mahindra and Mahindra took a majority stake in Korea’s Ssangyong Motor in 2011, and in the Italian design house Pininfarina S.p.A. in 2015. As a showcase for the industry, India’s Auto Expo took off internationally in 2008, receiving accreditation from the Organisation Internationale des Constructeurs d’Automobiles, a Paris-based trade group. I attended in 2010, and was blown away by the scale and variety on display, from the micro-sized Tata Nano to sleek Audi sedans to Mahindra and Mahindra SUVs to motorcycles of every variety.

By the early 2000s, supplying to global car manufacturers for their local as well as global supply chains had helped India emerge as a high-quality global source for auto components. (Think radiator caps and the like.) The Chennai-based Sundram Fasteners won Japanese quality awards and became the first Indian company to supply General Motors. But India had not yet emerged as a global auto hub in the way that Thailand and South Korea had become, and lagged far behind China. In 2004, India produced a little under 1.18 million cars, while South Korea produced 3.12 million. By the end of 2016, India’s 3.68 million produced had nearly caught up with South Korea’s 3.86 million.

India’s urge to industrialize reflects its ambition to join the front ranks of the world’s powers. But it also reflects a more pressing concern: About 50 percent of India’s employed depend on agriculture for a living, but, according to the World Bank, the country’s small and unproductive farms contribute only 17.4 percent of GDP. With 12 million Indians coming of working age each year, the country needs to ensure there are enough jobs to employ its fast-growing and youthful (by global standards) workforce. This means creating jobs across a wider range of occupations, unshackling manufacturing from artificial constraints that have limited its growth, and also training workers for available opportunities.

India’s automobile industry created 25 million jobs between 2006 and 2016. It accounts for 7 percent of GDP and employs, directly or indirectly, around 19 million people. It has the potential to spur more extensive industrialization, just as it has in every major country that has emerged as an auto powerhouse.

Indeed, the auto industry boasts one of the highest “employment multipliers” of any industry in the U.S., meaning it helps create jobs even beyond the realm of manufacturing. While the structure of the industry in the U.S. differs significantly from that in India, it’s nonetheless useful as a point of comparison. According to the Ann Arbor, Michigan–based nonprofit Center for Automotive Research, each U.S. vehicle-manufacturing job creates nearly seven other jobs across the U.S. economy (ranging from supply-chain manufacturing to dealers to finance to after-market services and others). As the case of Maruti Suzuki illustrates, the involvement of foreign manufacturers has provided technology that can bring Indian parts and vehicles up to global standards, and therefore make them export-ready, another major benefit.

For all these reasons, the auto industry offers a special opportunity for Indian manufacturing, and one shared with other advanced manufacturing industries such as defense, steel, aircraft, and shipbuilding. Defense and shipbuilding have been the targets of recent policy reforms—similarly geared toward spurring growth in large industries that can have powerful knock-on employment effects. And for aircraft, not India’s traditional strength, change may come soon: Lockheed Martin has just proposed to relocate its entire F-16 production line to India, and is now signed up with the Tata group as its partner. (Whether the Indian government selects this aircraft is of course another matter.)

Car manufacturers have bet on the expansion of India’s domestic market. Ford estimated in 2015 that India's compact-car segment, which has accounted for around 45 percent of the passenger-vehicle market, would grow from 1.1 million in 2014 to 1.6 million in 2018.This figure still looks small compared to the size of India’s population, because passenger vehicles do not yet dominate Indian roads. But it also indicates India’s vast room for further growth as its middle class expands and seeks to transport families more safely by moving up to a car from a scooter or motorcycle. In 2016, Americans bought more than 17.5 million passenger vehicles (meaning cars and SUVs); the Chinese bought a little over 28 million.

Of course, not everybody believes that India will be able to replicate the manufacturing success of its East Asian peers. Even assuming that further (and long-overdue) reforms advance expeditiously, India’s manufacturing prospects will intersect with global technological and economic trends. Changes have been unfolding worldwide that raise questions about whether a focus on manufacturing can bring prosperity. Around the world, the rise of automation has raised quality standards and productivity, but at the cost of jobs. The rise of 3-D printing has only just begun, and could affect supply-chain considerations to an as-yet-unknown extent. These two trends alone are just in their infancy.

For the developing world in particular, there are concerns about the prospect of “premature deindustrialization,” to cite the Harvard economist Dani Rodrik’s work. The term describes a downturn in the share of manufacturing in developing countries well before their economies match those of wealthier nations. Rodrik attributes this in part to the effects of trade and globalization—competition from China and other major manufacturers on the global market—which suggests that India (and sub-Saharan Africa for that matter) would have a hard time patterning its growth on China’s labor-intensive strategy.

These developments, while potentially destabilizing, are no reason for Indian officials to stop trying to promote manufacturing. Morgan Stanley’s Ruchir Sharma, reflecting on the implications of technological change, notes in his Rise and Fall of Nations that the robotics revolution “is likely to be gradual enough to complement rather than destroy the human workforce.” He ventures that “new jobs we can’t yet imagine” will help fill the gap. Development institutions like the World Bank, along with management consultancies like McKinsey, continue to see opportunity for India to do more to reform laws and policies that inhibit manufacturing’s growth, whether for the domestic market or for export. In 2016, a World Bank report recommended policy changes to help the countries of South Asia, with India a notable focus, benefit from rising wages in China that result in the relocation of apparel sourcing and the potential for job growth. The same year, McKinsey Global Institute issued a set of recommendations that included “Manufacturing for India, in India” in its top five “opportunities for growth and transformation.”

McKinsey believes that the technological impact on India may take some time to be fully felt. In a recent discussion paper focused on labor, the firm’s researchers cite scenarios in which it could take “two decades or more” for automation to hit more than half of work in some countries, which means India has a window in which to ramp up its manufacturing sector as a job-creating engine before automation becomes more widespread.

India has big ambitions for its place in the global order—and seeks to amp up its economy up to help deliver that transformation. The automobile sector has its own part to play in this vision. India’s “Automotive Mission Plan 2026,” a joint vision of the country’s government and car makers, aims for the auto industry to become one of the world’s top three, contribute 12 percent of India’s GDP, make up 40 percent of India’s manufacturing sector, and generate 65 million jobs by 2026. These goals are part of India’s larger quest to emerge as a major industrial power.

If it succeeds, it will likely secure the place it seeks as a leading global power. Like the Hindustan Motors Ambassador, India’s status as a country perpetually on the brink of arrival—but never quite there—might at last belong to history.

This article has been adapted from Alyssa Ayres's book, Our Time Has Come: How India Is Making Its Place in the World.

from The Atlantic http://ift.tt/2qqecsO

[wionews]

Nissan sues India over outstanding dues; seeks over $770 million

Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives, according to a person familiar with the matter and documents reviewed by Reuters.

In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives due from the Tamil Nadu government as part of a 2008 agreement to set up a car manufacturing plant in the southern state.

According to the notice, Nissan said repeated requests to state officials for the payment, due in 2015, were overlooked and even a plea by the company’s chairman, Carlos Ghosn, to Modi in March of last year seeking federal assistance did not yield any results.

The notice, sent by Nissan’s lawyers in July 2016, was followed by more than a dozen meetings between federal and state officials and Nissan executives, said the person familiar with the matter, who did not want to be named as it is not public.

The federal officials, from several ministries, assured Nissan the payment would be made, and it should not bring a legal case. But, in August, Nissan gave India an ultimatum to appoint an arbitrator, the person said, adding the first arbitration hearing will be in mid-December.

A Nissan spokesman said the company was “committed to working with the government of India toward a resolution,” but did not elaborate.

A senior Tamil Nadu state official said the government hoped to resolve the dispute without having to go to international arbitration. “There is no discrepancy with regard to the amount due, and we are trying hard to resolve the issue,” the official told Reuters.

Modi’s office did not respond to an email seeking comment.

The case, brought against India for alleged violations of its Comprehensive Economic Partnership Agreement with Japan, is the latest in a string of international arbitration proceedings against the country by investors concerned about issues ranging from retrospective taxation to payments disputes.

There are over 20 cases pending against India, among the highest against any single nation.

The dispute between Nissan and the Tamil Nadu government also shows the challenges companies face in India and how local disputes could undermine the Modi government’s efforts to attract foreign investment and create new jobs.

Growing losses

Several automakers, including Ford and Hyundai Motor, have set up production hubs in Tamil Nadu, giving state capital Chennai the nickname; the ‘Detroit of South Asia’.

In 2008, when Nissan and its global alliance partner, French carmaker Renault, agreed to invest in setting up a car plant in Chennai, the state government promised several incentives including some tax refunds.

Over seven years, Nissan and Renault invested 61 billion rupees ($946 million) and set up a plant with annual production capacity of 480,000 vehicles, which entitled them to receive the incentives in 2015, according to the legal notice.

In that notice, Nissan’s lawyers said the state government’s decision to not pay was “arbitrary”, and Nissan has “incurred significant and increasing losses”.

Nissan did not specify the business impact in the 8-page notice, but said in 2008 that state incentives were critical to the project’s viability and sustainability.

The carmaker, in its notice, is claiming 29 billion rupees in unpaid incentives and 21 billion rupees in damages, plus interest and other costs.

Nissan, which has less than a 2 percent share of India’s passenger car market, builds and sells the Micra hatchback, Sunny sedan and Terrano sport-utility vehicle. It also sells low-cost cars under its Datsun brand.

The company spokesman said Nissan has created more than 40,000 direct and indirect jobs in India.

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[uniquejobs]

TITAN Company Jobs | Quality Department Vacancy | B.E.Engineering & Diploma | Coimbatore , Tamilnadu

TITAN Company Jobs | Quality Department Vacancy | B.E.Engineering & Diploma | Coimbatore , Tamilnadu

Company Name : TITIAN

Titan Company Limited – SS Case plant was commissioned in the year 2014 to manufacture high-end stainless steel watch cases in technical collaboration with Seiko Epson Corp, Japan. So far, the unit has delivered 3.5+ million cases. The unit is venturing into making of premium watch cases & solid linked bracelets in addition to the exploration of exotic materials which includes Ceramic.

TITAN Company Jobs Our Latest YOUTUBE Videos Link : https://www.youtube.com/channel/UCZYt-jtPk975fMuI6tLpUEg Our Telegram Channel Link: https://t.me/employmentjobs Related Jobs : - Sharda Motors Company Jobs - Hyundai Supplier Company Jobs  -  Nissan Company Jobs In Chennai  Job Interview in Pegatron Company – Diploma & B. E. Engineers | Mahindra World City | Chengalpattu Designation: Engineer & Sr.Engineer                                 Educational Qualifications: B.E. Engineer & Diploma Role: Permanent                           Year of Experience: Min Experience             Job Location: Mahindra World City – Chengalpattu                                 Apply link - Click Here BEL Recruitment 2023 | BEL நிறுவனத்தில் Apprenticeship Training அறிவிப்பு Designation:  Apprenticeship Training                                 Educational Qualifications: B.E, B.Tech Engineers Role: Trainee                          Year of Experience: Fresher                  Job Location:  Bangalore                                 Salary Details: 17,500 /- Per month Apply link - Click Here Latest Jobs By :         Chennai JobsClick HereCoimbatore JobsClick HereBangalore JobsClick HereHyderabad JobsClick HereAndra Pradesh JobsClick HereSalem JobsClick HereMadurai JobsClick HereTrichy JobsClick HerePondicherry JobsClick HereAcross India JobsClick HereOther Cities JobsClick HereTITAN Company Jobs Designation: Quality Assurance                         Educational Qualifications: B.E.Mechanical & DME Role: Permanent                           Year of Experience:  Min Experience                 Job Location: Coimbatore / Tamilnadu                                 Salary Details: As per the Company Standard Mechanical JobsClick HereELE / ECE  JobsClick HereCivil JobsClick HereIT / Software JobsClick HereBPO / Call Centre  JobsClick HereH/W & Networking JobsClick HereHuman Resource Jobs  Click HereAcc/Fins JobsClick HereArts & Science  JobsClick HereTITAN Company Jobs TITAN Company Jobs Job Description :          The job involves devising the strategies to implement the Quality Engineering in all stages of manufacturing (Internal & vendor’s of bought out items - IDI) effectively. This job also involves in managing & equip the team with the requirements that satisfy the standard of premium watch segment. Adopting the relevant quality frameworks, which will enable the function to QNEXT level.       1.     Establish systems for effective derivation of metrics with respect to the quality function & improve. 2.     Engaging with the Product / Engineering Design team to build quality from the design stage. 3.     Exploration & execution of latest technologies to ensure continual improvement in the quality inspection (Physical & Virtual). 4.     Evaluate & improve the infrastructure and people capability of the function to meet the emerging business needs. 5.     Facilitate the quality planning, assurance standard, control methods and process for New products. 6.     Conducting monthly reviews with the internal stakeholders to track the progress & impacts of quality performance. 7.     Conducting the MRM (Management Review Meeting) on quality at ISCM level. How to Apply for this Job?           Details & Apply link : Click Here Titan Company Jobs | Hosur Location Designation: Mechanical Engineer                                 Educational Qualifications: B.E.Mechanical Engineer Role: Permanent                           Year of Experience: Min 2 Years                  Job Location: Hosur , Tamilnadu     Apply link - https://myemploymentjobs.com/titan-company-jobs-hosur-location-b-e-mechanical-engineer/ Foxconn Company Off Campus Drive 2023 Designation: Trainee                                  Educational Qualifications: Mechanical , EEE , ECE & Arts and Science Role: Permanent                           Year of Experience: Fresher                    Job Location: Sriperumbudur , Chennai                   Apply link : https://myemploymentjobs.com/foxconn-company-off-campus-drive-2023/ TATA Auto Jobs | டாடா நிறுவன நிரந்தர வேலை வாய்ப்புகள்  Designation: Engineers                                  Educational Qualifications: B.E , B.Tech , M.E, M. Tech Role: Permanent         Year of Experience: 1 – 8 Years Experience                   Job Location: Chennai , Bangalore & Pune                Apply link : https://myemploymentjobs.com/tata-auto-jobs-permanent-job-openings-2023/ For more Job info, subscribe to our website & and check our website daily. Join Our youtube ChannelClick HereJoin Our Telegram ChannelClick HereOur linkedin PageClick HereOur Quora PageClick Here Read the full article

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Coimbatore Job Openings | Mechanical Maintenance Engineer Vacancy | Autotex P Ltd

Coimbatore Job Openings | Mechanical Maintenance Engineer Vacancy | Autotex P Ltd

Company Name : Autotex P Ltd

Coimbatore Job Openings Our Latest YOUTUBE Videos Link : https://www.youtube.com/channel/UCZYt-jtPk975fMuI6tLpUEg Our Telegram Channel Link: https://t.me/employmentjobs Related Jobs : - Sharda Motors Company Jobs - Hyundai Supplier Company Jobs  -  Nissan Company Jobs In Chennai  Job Interview in Pegatron Company – Diploma & B. E. Engineers | Mahindra World City | Chengalpattu Designation: Engineer & Sr.Engineer                                 Educational Qualifications: B.E. Engineer & Diploma Role: Permanent                           Year of Experience: Min Experience             Job Location: Mahindra World City – Chengalpattu                                 Apply link - Click Here BEL Recruitment 2023 | BEL நிறுவனத்தில் Apprenticeship Training அறிவிப்பு Designation:  Apprenticeship Training                                 Educational Qualifications: B.E, B.Tech Engineers Role: Trainee                          Year of Experience: Fresher                  Job Location:  Bangalore                                 Salary Details: 17,500 /- Per month Apply link - Click Here Latest Jobs By :         Chennai JobsClick HereCoimbatore JobsClick HereBangalore JobsClick HereHyderabad JobsClick HereAndra Pradesh JobsClick HereSalem JobsClick HereMadurai JobsClick HereTrichy JobsClick HerePondicherry JobsClick HereAcross India JobsClick HereOther Cities JobsClick HereCoimbatore Job Openings Designation: Maintenance Engineer                               Educational Qualifications: DME / B.E.Mechanical Engineer Role: Permanent                           Year of Experience: Min Experience                     Job Location: Coimbatore , Tamilnadu                              Salary Details: As per the Company Standard Mechanical JobsClick HereELE / ECE  JobsClick HereCivil JobsClick HereIT / Software JobsClick HereBPO / Call Centre  JobsClick HereH/W & Networking JobsClick HereHuman Resource Jobs  Click HereAcc/Fins JobsClick HereArts & Science  JobsClick HereCoimbatore Job Openings Job Description :    - Ensuring uptime of the Machineries and Plant for Manufacturing as per plan - Develop a Planned Preventative Maintenance (PPM) schedule, ensure full Preventive maintenance is carried out as per plan. - Establish and maintain route diagrams for electric, pneumatic, hydraulic circuits. - Maintain Safe working conditions in the Plant keeping the layout of pneumatic, hydro and material supply lines not creating an unsafe condition. - Operate Maintenance standards in line with ISO requirements. - Provide support to New Project Equipment installation How to Apply for this Job?           Details & Apply link : Contact Number : +91 9363131515 Titan Company Jobs | Hosur Location Designation: Mechanical Engineer                                 Educational Qualifications: B.E.Mechanical Engineer Role: Permanent                           Year of Experience: Min 2 Years                  Job Location: Hosur , Tamilnadu     Apply link - https://myemploymentjobs.com/titan-company-jobs-hosur-location-b-e-mechanical-engineer/ Foxconn Company Off Campus Drive 2023 Designation: Trainee                                  Educational Qualifications: Mechanical , EEE , ECE & Arts and Science Role: Permanent                           Year of Experience: Fresher                    Job Location: Sriperumbudur , Chennai                   Apply link : https://myemploymentjobs.com/foxconn-company-off-campus-drive-2023/ TATA Auto Jobs | டாடா நிறுவன நிரந்தர வேலை வாய்ப்புகள்  Designation: Engineers                                  Educational Qualifications: B.E , B.Tech , M.E, M. Tech Role: Permanent         Year of Experience: 1 – 8 Years Experience                   Job Location: Chennai , Bangalore & Pune                Apply link : https://myemploymentjobs.com/tata-auto-jobs-permanent-job-openings-2023/ For more Job info, subscribe to our website & and check our website daily. Join Our youtube ChannelClick HereJoin Our Telegram ChannelClick HereOur linkedin PageClick HereOur Quora PageClick Here Read the full article

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OLA Electric Company Job Openings 2023 | Motor Production Department Jobs

OLA Electric Company Job Openings 2023 | Motor Production Department Jobs Company Name : Ola Electric Ola Electric Mobility is an Indian electric two-wheeler manufacturer, based in Bengaluru. Its manufacturing plant is located in Krishnagiri, Tamil Nadu, India. We are the fast growing EV Company, who has achieved the 1 Lakhs Scooters in a short span of time. Also company having a short time vision to make the passenger car by upcoming years.

OLA Electric Company Job Openings 2023 Our Latest YOUTUBE Videos Link : https://www.youtube.com/channel/UCZYt-jtPk975fMuI6tLpUEg Our Telegram Channel Link: https://t.me/employmentjobs Related Jobs : - Sharda Motors Company Jobs - Hyundai Supplier Company Jobs  -  Nissan Company Jobs In Chennai  Job Interview in Pegatron Company – Diploma & B. E. Engineers | Mahindra World City | Chengalpattu Designation: Engineer & Sr.Engineer                                 Educational Qualifications: B.E. Engineer & Diploma Role: Permanent                           Year of Experience: Min Experience             Job Location: Mahindra World City – Chengalpattu                                 Apply link - Click Here BEL Recruitment 2023 | BEL நிறுவனத்தில் Apprenticeship Training அறிவிப்பு Designation:  Apprenticeship Training                                 Educational Qualifications: B.E, B.Tech Engineers Role: Trainee                          Year of Experience: Fresher                  Job Location:  Bangalore                                 Salary Details: 17,500 /- Per month Apply link - Click Here Latest Jobs By :         Chennai JobsClick HereCoimbatore JobsClick HereBangalore JobsClick HereHyderabad JobsClick HereAndra Pradesh JobsClick HereSalem JobsClick HereMadurai JobsClick HereTrichy JobsClick HerePondicherry JobsClick HereAcross India JobsClick HereOther Cities JobsClick HereOLA Electric Company Job Openings 2023 Designation: Specialist / Sr. Specialist                                   Educational Qualifications: Diploma & B.E.Engineering ( Mechanical , EEE , ECE ) Role: Permanent                           Year of Experience: Min Experience                  Job Location: Pochampalli , Krishnagiri                                 Salary Details: As per the Company Standard Mechanical JobsClick HereELE / ECE  JobsClick HereCivil JobsClick HereIT / Software JobsClick HereBPO / Call Centre  JobsClick HereH/W & Networking JobsClick HereHuman Resource Jobs  Click HereAcc/Fins JobsClick HereArts & Science  JobsClick HereOLA Electric Company Job Openings 2023 OLA Electric Company Job Openings 2023 Job Description :       Roles and Responsibilities - Looking after end to end production of DC / BLDC Motors assembly. - Ensure the best quality of production at the given time. - Following the set target & objectives and achieving the same. - Following the safety rules and norms - Motor Assembly / Rotor Assembly / Stator Assembly Desired Candidate Profile - Prior experience in the similar Industry with Production ,Manufacturing engineering knowledge in Rotor , Stator , Motor Assembly shop - Ability to sustain and develop team working and team based problem solving - Hands on experience in Automated Production lines - Hands on experience in Coil Forming Process - High level of numerical and analytical ability How to Apply for this Job?           Details & Apply link : Interested candidate please share your profile with the subject line "MOTOR PRODUCTION" to the email id sundaramoorthi.g@olaelectric.com Click Here Titan Company Jobs | Hosur Location Designation: Mechanical Engineer                                 Educational Qualifications: B.E.Mechanical Engineer Role: Permanent                           Year of Experience: Min 2 Years                  Job Location: Hosur , Tamilnadu     Apply link - https://myemploymentjobs.com/titan-company-jobs-hosur-location-b-e-mechanical-engineer/ Foxconn Company Off Campus Drive 2023 Designation: Trainee                                  Educational Qualifications: Mechanical , EEE , ECE & Arts and Science Role: Permanent                           Year of Experience: Fresher                    Job Location: Sriperumbudur , Chennai                   Apply link : https://myemploymentjobs.com/foxconn-company-off-campus-drive-2023/ TATA Auto Jobs | டாடா நிறுவன நிரந்தர வேலை வாய்ப்புகள்  Designation: Engineers                                  Educational Qualifications: B.E , B.Tech , M.E, M. Tech Role: Permanent         Year of Experience: 1 – 8 Years Experience                   Job Location: Chennai , Bangalore & Pune                Apply link : https://myemploymentjobs.com/tata-auto-jobs-permanent-job-openings-2023/ For more Job info, subscribe to our website & and check our website daily. Join Our youtube ChannelClick HereJoin Our Telegram ChannelClick HereOur linkedin PageClick HereOur Quora PageClick Here Read the full article