Hyundai Commits INR 61.80 Bn Investment in Tamil Nadu

11 Jan 2024 CW Team

South Korean automaker Hyundai has unveiled plans for a significant investment of Rs 61.80 billion in Tamil Nadu. The commitment underscores Hyundai's commitment to expanding its manufacturing and operational footprint in the region.

This substantial investment is earmarked for various initiatives, including the development of new manufacturing facilities, technology upgrades, and research and development activities. Hyundai's decision to channel such a substantial amount into Tamil Nadu reflects the state's strategic importance as a hub for the automotive industry.

The infusion of funds is expected to boost Hyundai's production capacity, driving economic growth and job creati0on in the region. Additionally, it reinforces Hyundai's long-term commitment to the Indian market, positioning the company to capitalize on the country's growing demand for automobiles.

As Hyundai embarks on this significant investment journey, it not only underscores its confidence in Tamil Nadu as a conducive business environment but also aligns with broader industry trends seeking to leverage India's potential as a key player in the global automotive landscape. Observers will closely monitor the impact of Hyundai's investment on the state's economy and the automotive sector's dynamics.

Infrastructure Energy

14 Oct 2025

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..