+
Hyundai Plans Rs.1,500 Crore Modernization
ECONOMY & POLICY

Hyundai Plans Rs.1,500 Crore Modernization

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.

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.

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?