Hyundai Plans Rs.1,500 Crore Modernization

22 Oct 2024 CW Team

The company’s plan to upgrade its Tamil Nadu manufacturing facility includes infrastructure improvements, which will enable the plant to produce next-generation passenger vehicles, including electric models, at an increased rate. The move aligns with Hyundai's global strategy to expand its EV portfolio and strengthen its foothold in the green mobility segment in India. The plant, which has been operational for years, will benefit from state-of-the-art technologies, leading to higher efficiency and reduced environmental impact.

This modernization project also reflects Hyundai’s commitment to staying competitive in the Indian automotive market by adopting cutting-edge manufacturing processes and increasing production efficiency. The investment will not only bolster Hyundai's production capabilities but also contribute to the local economy by generating employment and promoting industrial growth in Tamil Nadu.

The Tamil Nadu government is expected to support this modernization initiative as part of its broader effort to promote investments in the state's thriving automotive sector. Hyundai’s plant in Tamil Nadu is already a critical hub for vehicle production, and this upgrade will position it to meet growing demand for EVs and other eco-friendly vehicles, both domestically and internationally.

By modernizing its facility, Hyundai aims to reinforce its leadership in the Indian automotive market while contributing to the global shift towards sustainable mobility solutions. This Rs.1,500 crore investment is poised to accelerate the company's efforts to achieve greater efficiency and environmental sustainability in its manufacturing processes.

Hyundai Motor India has submitted a Pre-Feasibility Report (PFR) for the modernization of its Tamil Nadu plant, with an investment plan of Rs.1,500 crore. This modernization project is aimed at enhancing production capacity and integrating advanced technologies to support the company’s transition toward green mobility, particularly focusing on electric vehicles (EVs) and sustainability initiatives. The company’s plan to upgrade its Tamil Nadu manufacturing facility includes infrastructure improvements, which will enable the plant to produce next-generation passenger vehicles, including electric models, at an increased rate. The move aligns with Hyundai's global strategy to expand its EV portfolio and strengthen its foothold in the green mobility segment in India. The plant, which has been operational for years, will benefit from state-of-the-art technologies, leading to higher efficiency and reduced environmental impact. This modernization project also reflects Hyundai’s commitment to staying competitive in the Indian automotive market by adopting cutting-edge manufacturing processes and increasing production efficiency. The investment will not only bolster Hyundai's production capabilities but also contribute to the local economy by generating employment and promoting industrial growth in Tamil Nadu. The Tamil Nadu government is expected to support this modernization initiative as part of its broader effort to promote investments in the state's thriving automotive sector. Hyundai’s plant in Tamil Nadu is already a critical hub for vehicle production, and this upgrade will position it to meet growing demand for EVs and other eco-friendly vehicles, both domestically and internationally. By modernizing its facility, Hyundai aims to reinforce its leadership in the Indian automotive market while contributing to the global shift towards sustainable mobility solutions. This Rs.1,500 crore investment is poised to accelerate the company's efforts to achieve greater efficiency and environmental sustainability in its manufacturing processes.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..