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Hyundai makes Rs 20K cr investment in TN to develop EV ecosystem

Hyundai Motor India (HMI) commits Rs 20,000 crore as long term investment in the State for developing a sustainable Electric Vehicle ecosystem. HMI to invest Rs 20,000 crore over a period of 10 years (2023-2032) and plans to increase production volumes and introduce new Electric Vehicle models. On May 11, A Memorandum of Understanding (MoU) exchanged between Unsoo Kim, MD & CEO, Hyundai Motor India Limited and V Vishnu, MD & CEO, Guidance Tamil Nadu in the presence of Chief Minister MK Stalin, Finance minister Thangam Thennarasu and Industries Minister TRB Rajaa.

Hyundai makes Rs 20K cr investment in TN to develop EV ecosystem
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