Hyundai Motor India to acquire Talegaon Plant from General Motors India.

Hyundai Motor India, a smart mobility solutions provider, agreed to acquire Talegaon Plant from General Motors India, a automotive manufacturing company. Financial terms were not disclosed. "This year is a significant milestone for Hyundai Motor India, as we celebrate 27 years of activity in the market. Demonstrating our dedication to India, earlier this year, HMIL entered into a Memorandum of Understanding to invest INR 20k crore in Tamil Nadu for expanding capacity and establishing an electric vehicle ecosystem. As we reinforce our commitment to ‘Atmanirbhar Bharat’, we intend to create an advanced manufacturing center for cars made in India in Talegaon, Maharashtra. Our manufacturing operations are scheduled to begin in Talegaon, Maharashtra, in 2025," Unsoo Kim, HMIL Managing Director and CEO.