Rs 6,000 crore investment planned by Hyundai in Maharashtra
South Korean automaker Hyundai's, Indian arm Hyundai Motor India (HMI) announced an investment worth Rs 6,000 crore as it completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra.
As per Hyundai the plant will play the role of a catalyst in achieving HMIL's 1 million annual production capacity milestone, The company will invest Rs 6,000 crore in Maharashtra as part of an agreement with the state government.
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