Industry Today: EVs, Mega Investments, Energy and Global Trade

India’s business landscape is seeing strong winds across electric mobility, auto components, renewable energy, infrastructure and international trade, with major companies and industry leaders shaping the latest developments.

Tarun Garg, MD & CEO, Hyundai Motor India, and Karan Adani, MD, APSEZ, feature among the business leaders driving attention across key sectors.

Hero Motors, Juniper Green Energy and Larsen & Toubro are also part of the latest business activity, while developments involving Thailand, Russia and Odisha add to the broader momentum in India’s industrial and investment landscape.

Here’s a look at today’s main industry stories.

1. Hyundai India Prepares for Localised Mass-Market EV Launch

Hyundai Motor India is preparing to launch a localised mass-market SUV on a dedicated EV platform as it expands its electric mobility footprint.

The company is strengthening its sales and service network ahead of the launch, targeting 820 EV-ready touchpoints and 650 workshops by FY27. It also plans to train more than 12,000 additional sales and service personnel to support EV adoption and customer care.

• Hyundai is expanding its dedicated EV infrastructure ahead of the new SUV.
• The company plans 820 EV-ready sales touchpoints by FY27.
• More than 7,000 sales and 5,000 service personnel will receive additional EV training.

“We aim to make the transition to electric mobility convenient, dependable and rewarding.” — Tarun Garg, MD & CEO, Hyundai Motor India

2. Hero Motors Sets ₹1,000 Crore IPO as Auto Components Attract Capital

Hero Motors will open its ₹1,000-crore IPO on September 16, with a price band of ₹79–₹84 per share. The offering includes fresh shares worth up to ₹600 crore and an offer for sale of ₹400 crore.

The company plans to use the proceeds to reduce debt and purchase equipment for expanding its Uttar Pradesh facility. Hero Motors supplies global customers including BMW and Ducati.

• The three-day IPO opens on September 16, with anchor bidding on September 15.
• The company could reach a valuation of about ₹3,815 crore at the upper price band.
• IPO proceeds will support debt reduction and manufacturing expansion.

3. Juniper Green Energy Commissions 75 MW Wind-Solar Hybrid Project

Juniper Green Energy has fully commissioned a 75 MW wind-solar hybrid project in Maharashtra after completing the final 10 MW of wind capacity on September 9, 2026.

The commissioning was witnessed by Maharashtra State Electricity Distribution Company officials, with the formal certificate expected shortly.

Following the project’s commissioning, Juniper Green Energy and its subsidiaries have an aggregate operational capacity of around 2,604 MWp along with 500 MWh of battery energy storage capacity.

• The project combines wind and solar generation in a single renewable asset.
• The final 10 MW wind capacity completed the project commissioning.
• Juniper’s operational portfolio now stands at about 2,604 MWp and 500 MWh BESS.

4. India-Thailand Trade Review Opens New Manufacturing Opportunities

India and Thailand are advancing the review of the ASEAN-India Trade in Goods Agreement while seeking deeper bilateral trade and investment engagement. India wants the pact to become more user-friendly and trade-facilitative for businesses.

Separately, India and Russia are targeting bilateral trade of about ₹9.45 lakh crore by 2030, with manufacturing, localisation, technology cooperation and industrial clusters identified as key areas for collaboration.

• India is seeking a simpler and more trade-facilitative ASEAN agreement.
• India-Russia trade is targeted at $100 billion by 2030.
• Advanced manufacturing, automobiles, energy and defence are among the cooperation areas.

5. L&T Wins Large ONGC Offshore Order for West Coast Projects

Larsen & Toubro has secured a large offshore order from ONGC for the Additional Development of RatnaI and NLM-14 projects off India’s west coast.

The order covers engineering, procurement, construction, installation and commissioning of three new wellhead platforms and one riser platform, along with subsea pipelines, cables and modifications to existing offshore facilities.

L&T classifies large orders as those valued between ₹2,500 crore and ₹5,000 crore.

• The order covers major offshore engineering and installation work.
• Three new wellhead platforms and one riser platform are part of the project.
• Subsea pipelines, cables and brownfield modifications are also included.

6. Odisha Attracts ₹2.1 Lakh Crore Investment Push Across Industries

Adani Group and Abu Dhabi-based International Holding Company have signed agreements with Odisha to explore 14 projects involving an estimated ₹2.1 lakh crore investment.

The proposals span AI data centres, coal-to-chemicals, renewable energy equipment, critical minerals, shipbuilding, healthcare and food processing.

The projects are expected to create nearly 189,700 direct on-site jobs, while strengthening Odisha’s manufacturing, mineral processing and port-led industrial ecosystem.

• The ₹50,000-crore AI data centre hub is the largest proposed investment.
• A ₹40,000-crore coal-to-chemicals complex is also planned.
• The portfolio covers critical minerals, renewables, maritime manufacturing and healthcare.

“The proposed project reflects our confidence in Odisha as a long-term manufacturing destination.” — Karan Adani, Managing Director, APSEZ