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Hyundai to invest $4 billion to expand production
![IndiaTimes]()
Wednesday, 17 January 2024
Hyundai, one of India's leading car manufacturers, has announced plans to invest an additional $4 billion in the country. This investment aims to expand car production to one million units and introduce new vehicles and technologies, including electric cars and batteries. With this expansion program, Hyundai's cumulative investments in India will exceed $9 billion since it began operations in 1996. The company is set to disclose the specifics of its acquisition of General Motors' Talegaon plant in Maharashtra during a meeting with the state government's representatives at the World Economic Forum in Davos later this week.
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Wednesday, 17 January 2024
