India is expected to clear a major manufacturing investment—roughly $370 million—from Horse Powertrain Ltd., a hybrid-engine and powertrain venture backed by China’s Zhejiang Geely Holding Group alongside Renault, according to coverage of the proposal.
The move would represent one of the largest recent manufacturing commitments involving a Chinese-linked company. It is framed in the reporting as coming at a time when commercial and political ties between India and China are improving after a period of strain.
If approved, the investment is intended to support local production of advanced hybrid powertrains in India, aligning with demand for lower-emissions vehicle technology while strengthening domestic manufacturing capacity.
Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.
