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Hyundai Motor India, the country’s second largest carmaker, will invest Rs 7,000 crore in the inoperative General Motors plant located near Pune, Maharashtra deputy chief minister Devendra Fadnavis announced.
Fadnavis met managing director and chief executive officer of Hyundai Motor India, Kim Unsoo along with the company’s executive director JW Ryu and other senior officials of the company on Saturday.
“They apprised me of Hyundai’s Rs 7,000 crore investment in Pune’s Talegaon. They also sought advice and assistance on various aspects and I assured them on behalf of our government of full support to ensure smooth implementation,” Fadnavis posted on social media platform X.
This will be the first investment in vehicle capacity creation by the South Korea-based company outside Tamil Nadu. The General Motors plant had a capacity of 130,000 units per annum and was one of the two plants set up by the US-based carmaker in India.
