- Hyundai Motor India (HMIL) and its vendors are planning to invest a total of ₹10,000 crore in General Motors India’s (GMI) Talegaon plant in Maharashtra. This investment follows the resolution of a dispute between the workers and management of General Motors.
- The Talegaon plant has the capacity to produce 130,000 units annually. Production at the facility is scheduled to begin in 2025, pending regulatory approvals and fulfillment of certain conditions.
- The operationalization of the plant and vendor facilities is expected to create around 4,500 direct and indirect jobs.
- Hyundai is expected to invest ₹5,000 crore in the plant, with additional investments coming from its vendors and associates. The investment is planned to occur in phases, with a significant portion expected by 2028.
- Hyundai intends to expand the plant’s annual production capacity to meet Hyundai Global Operating and Manufacturing Standards, potentially reaching 1 million units annually.