Hyundai Motor India Expands Talegaon Plant with Rs 11,000 Cr Push

Hyundai Motor India has increased its investment in the Talegaon manufacturing plant in Maharashtra by 57% from ₹7,000 crore to ₹11,000 crore. This announcement was made today after a discussion between Hyundai MD Unsoo Kim and Maharashtra Chief Minister Devendra Fadnavis, confirming the company's long-term view for the Indian automotive market.

The increased investment will support the application of advanced manufacturing technology, including a high tech seventh-generation painting facility, increased automation and improvements in infrastructure to be fully prepared for EV production. Previously, Hyundai purchased the Talegaon plant from General Motors, which manufactures engines, with a capacity of 150,000 units annually.

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Production at the Talegaon unit, will begin at 170,000 vehicles annually, before ramping up to 250,000 vehicles. Once producing at full capacity, along with the existing Chennai plant capacity of 824,000 units annually, Hyundai's total installed capacity in India will reach 1,074,000 units annually by 2028.

Hyundai intends to launch 26 new models through FY2030, including six electric vehicles, 20 internal combustion engine models, and hybrid models. The strategy indicates a balanced approach to common and future mobility options.

Hyundai's expansion in Talegaon will create approximately 7,600 direct and indirect job opportunities, demonstrating India's growing contributions to Hyundai's global strategy and highlighting Maharashtra's growing importance in the manufacturing of automotive vehicles and EV's.