Hyundai India to Invest in Tamil Nadu

Hyundai India announced more than 15000 Crores investment in Tamil nadu for the manufacture of electric vehicles and associated ecosystem in Tamil Nadu.

Hyundai Motor India Ltd is a wholly owned subsidiary of the South Korean-based Hyundai Motor Company. It is the second largest automobile manufacturer with a 15% market share in 2022 and $5.5 billion in sales in India.

This investment will generate employment opportunities and income for the government. Moreover, cost of the electric vehicles will be reduced in regional state.