Hyundai Motor India commits INR 20,000 Crore as Long-term investment in Tamil Nadu for developing sustainable EV ecosystem

Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, today announced its large-scale long term investment plans in the state of Tamil Nadu. The company will make further inroads into electric vehicles and modernization of vehicle platform by investing INR 20,000 crore in a phased manner over the period of 10 years (2023 to 2032). In this regard, an MoU was exchanged between Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Limited. and Mr. V Vishnu, I.A.S., MD & CEO, Guidance Tamil Nadu in the presence of Thiru M K Stalin, Hon’ble Chief Minister of Tamil Nadu, Thiru.Thangam Thennarasu, Minister for Finance, Thiru. T.R.B.Rajaa, Minister for Industries, Investment Promotion and Commerce, Mr.Krishnan S, I.A.S., Additional Chief Secretary, Industries, Investment Promotion and Commerce, Government of Tamil Nadu and other senior officials. Speaking on the announcement, Mr. Unsoo Kim, MD & CEO, Hyundai Motor India Ltd., said “Hyundai has been one of the largest manufacturers and consistent investors in Tamil Nadu. This strategic partnership is a testimony to Hyundai’s commitment to boost the socio-economic development in the State and make the country self-reliant. As part of our long-term vision, we have finalized plans to develop