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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Motor is reportedly planning to invest more than 1 trillion won in the Taliban region of India. This is where the Indian plant was acquired from General Motors (GM) last year.
India's Maharashtra Deputy Prime Minister Devendra Gangadharao Fadnavis said on the 15th that Hyundai Motor has announced a large-scale investment in the Thalegaon region through his social media X (formerly Twitter).
According to Deputy Prime Minister Fadnavis, the investment amounted to about 70 billion rupees (about 1.115 trillion won). Hyundai Motor and Maharashtra state governments will sign a memorandum of understanding (MOU) at the World Economic Forum (Davos Forum) in Switzerland.
Earlier in August last year, Hyundai Motor took over GM's India plant in Talegaon.
Mass production is scheduled to begin in earnest at the Talegaon plant next year.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
