Hyundai Motor India (HMIL) is actively pursuing a goal of achieving an annual cumulative production capacity of 1 million units, according to Unsoo Kim, the Managing Director and CEO of HMIL. This ambition involves optimizing capacity at the Sriperumbudur plant and adding capacity through the upcoming Talegaon plant, set to commence production in 2025. After a recent capacity addition of 50,000 units at its Tamil Nadu plant, HMIL currently manufactures about 8.2 lakh vehicles annually. As India transitions to an electric vehicle (EV) era, HMIL plans to strategically invest INR 20,000 crores in building an EV ecosystem, including a state-of-the-art EV battery pack assembly facility in Tamil Nadu.
Hyundai Aims for 1 Million Units Production Annually, Plans Strategic Investments in India
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