Hyundai Motor Invests 1 Trillion KRW in India Talegaon Plant

Indian State Deputy Chief Minister Posts on SNS 'X'
Acquired from GM... Production Capacity Expected to Expand

Hyundai Motor Company announced that on August 16 last year (local time), it signed the main contract to acquire the assets of the Talegaon plant with GM India (hereinafter GMI) at Hyundai Motor India Limited located in Gurugram, Haryana, India. The photo shows Kim Eon-su, Vice President and Head of Hyundai Motor India, Asia Middle East & Africa Region, shaking hands with Asif Katri, Vice President of Production at GMI, after signing the contract. Photo by Yonhap News.

Hyundai Motor Company is reportedly planning to invest over 1 trillion won in the Talegaon region of India. This area is where the Indian factory acquired from General Motors (GM) last year is located.

Devendra Fadnavis, Deputy Chief Minister of Maharashtra state in India, announced on the 15th via his social media platform X (formerly Twitter) that Hyundai has revealed plans for a large-scale investment in the Talegaon region.

According to Deputy Chief Minister Fadnavis, the investment amount is approximately 70 billion rupees (about 1.1158 trillion won). Hyundai Motor and the Maharashtra state government are scheduled to sign a Memorandum of Understanding (MOU) at the World Economic Forum (Davos Forum) to be held in Switzerland.

Earlier, Hyundai Motor acquired the GM India factory located in the Talegaon region in August last year.

Full-scale mass production is expected to begin at the Talegaon plant starting next year. At the time of operation, the annual production capacity of the Talegaon plant was around 130,000 vehicles.

Hyundai is considering gradually improving the facilities to expand the production capacity of the Talegaon plant. The plan is to increase supply of high-demand vehicle models by adding production capacity at this location.