Hyundai Has Prepared A Big Plan, Will Invest Rs 6180 Crore Here

Akash Kumar Mishra
2 Min Read
Hyundai Company

Hyundai is the second-largest car-selling company in the country. It has made many big plans for the Indian market. Some time ago, Hyundai announced investing Rs 20,000 crore in 10 years from 2023 to 2032 to increase its efforts in electric vehicle manufacturing, charging infrastructure and skill development. The company has also announced investing Rs 6,180 crore in Tamil Nadu. This investment will be used to set up a hydrogen processing centre and other initiatives.

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In this regard, the company has signed a Memorandum of Understanding (MoU) with the state government during the Tamil Nadu Global Investors Summit- 2024. Unsoo Kim, Managing Director and Chief Executive Officer (CEO) of Hyundai Motor India said, “This investment of Rs 6,180 crore is in line with our commitment to boost socio-economic growth in the state and strengthen efforts to make the country self-reliant.”

He said that this cooperation with the government is not just about investment. He said this will help develop a strong hydrogen technology ecosystem, which aligns with the company’s commitment towards a green future. Kim said, “We are confident that with collective efforts, Tamil Nadu will be able to achieve the great achievement of a $1 trillion economy.”

The New Hyundai Creta Will Be Launched On January 16

The company will also launch the facelift version of its Creta SUV on January 16. The booking window for the new Creta has been opened even before its launch. It can be booked with token money of Rs 25000. The company said ADAS Level 2 will be available in the new Creta.

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By Akash Kumar Mishra Co-founder and Journalist
Akash is a seasoned journalist and the co-founder of our organization. As managing editor, he oversees our editorial operations and ensures that our content is accurate, relevant, and engaging. Akash's extensive journalism experience and passion for delivering high-quality news make him an invaluable team member.