Hyundai's Talegaon Plant Inauguration Invites PM Modi for Key Ceremony

Hyundai Motor Group has announced a significant investment of ₹6,000 crore for expanding its manufacturing capabilities at the Talegaon plant in Maharashtra, India. The company intends to increase its production capacity by adding 250,000 units annually to its current capacity of 824,000 units per year. This expansion is anticipated to occur in two phases, with the first 170,000 units expected next year and the remaining 80,000 units slated for completion by 2028. The investment comes in response to the growing demand in both domestic and international markets, indicating Hyundai's commitment to balancing growth with profitability and market share. Executive Chairman Euisun Chung met with Prime Minister Narendra Modi to discuss mobility's future while inviting him to the plant's inauguration. Maharashtra officials, including Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis, hailed this development as a pivotal moment for the state's industrial journey and a contribution towards India's $1 trillion economy goal. Their support exemplifies the collaboration between government and industry to foster growth. Overall, this expansion not only represents Hyundai's strategic growth plans but is also poised to have a lasting economic impact on Maharashtra, supporting local industries and employment while furthering India's vision for a robust automobile sector.