8OCTOBER, 2026TOP STORIESThe Hyundai investment plan in India, worth USD 15.5 billion through 2032, could create opportunities for domestic automotive component manufacturers. The South Korean automaker plans to scale up its production capacity, research & development and local sourcing.Announced on October 13, 2026, Hyundai Motor Group's seven-year investment program covers operations across Hyundai Motor India and Kia India, alongside supplier development and emerging mobility businesses. As capacity rises, the commitment could boost demand across the local supply chain, from component manufacturers to precision-engineered parts to advanced manufacturers. Sigma Advanced Systems Limited has signed an exclusive memorandum of understanding (MoU) with Munitions India Limited (MIL). The partnership aims to manufacture Indigenous Artillery Fuzes for 155 mm artillery ammunition in India. Announced on Wednesday, October 14, the agreement covers the integration, domestic manufacturing, and supply of course-correction fuzes. It also includes related components, subsystems, and technologies. The collaboration aims to strengthen India's precision-guided artillery capabilities and support critical programs of the Indian military. Course-correction technology allows artillery projectiles to adjust their flight paths while in the air. These adjustments can improve accuracy and operational effectiveness. Sigma said building domestic capabilities in this area could strengthen India's defense technology ecosystem and reduce reliance on imported solutions. India's free trade deals could give its economy a major boost, even as US tariffs reshape global trade. A World Trade Organization (WTO) model suggests these agreements could add around USD 140 billion to India's GDP by 2035.The estimate reflects India's expanding trade network, which includes agreements with Australia, the United Arab Emirates, the United Kingdom, Oman and the European Free Trade Association. A deal with New Zealand has also been signed, while negotiations with the European Union have concluded. These agreements could open new markets, reduce import costs and attract foreign investment. HAL Q2 earnings could show strong growth in the September quarter, with Hindustan Aeronautics Limited (HAL) expected to outperform several defense companies. According to JM Financial's earnings preview, HAL's revenue may rise 22.3 percent year over year. Bharat Electronics (BEL), Data Patterns, and ideaForge Technology are also in focus as investors assess revenue growth, margins, and order execution.India's defense manufacturing sector is expected to follow its usual quarterly pattern. The second quarter has historically accounted for around 19 percent to 20 percent of annual execution across the companies covered by the brokerage. HYUNDAI INVESTMENT IN INDIA: WHAT IT MEANS FOR AUTO SUPPLIERS?HAL Q2 EARNINGS MAY RISE 22 PERCENT: 3 OTHER DEFENSE FIRMS TO WATCHSIGMA & MUNITIONS INDIA PARTNER TO BUILD INDIGENOUS ARTILLERY FUZESCAN INDIA'S FREE TRADE DEALS ADD USD 140 BILLION TO ITS GDP BY 2035?
< Page 7 | Page 9 >