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Hyundai Motor Company intends to build its second plant in India in Talegaon, Maharashtra, for Rs 7,000 crore.

Hyundai is keen to expand its manufacturing operations in India. The carmaker recently acquired General Motors' factory located in Talegaon, near Pune, and plans to revamp it with an investment of Rs 7,000 crore.

Hyundai Second Plant: The infusion of INR 7,000 crore into the Indian market is expected to have a ripple effect, creating job opportunities, boosting the local economy, and further solidifying Hyundai's position in the competitive Indian automobile sector.

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.

Devendra Fadnavis said it was the first investment by Hyundai beyond Tamil Nadu.