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Hyundai Motor plans second plant in India, commits Rs 7000 crore investment in Maharashtra

By Economic Times - 6 months ago
Hyundai Motor, a renowned carmaker, is set to invest Rs 7,000 crore in the establishment of its second plant in India. The company has made this move after acquiring a previously inactive factory from General Motors Co. The investment agreement between Hyundai and the western state of Maharashtra is expected to be signed at the annual World Economic Forum summit in Davos, Switzerland. Deputy Chief Minister Devendra Fadnavis shared this news on X (formerly Twitter) on Saturday.

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