(사진=현대차)

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Hyundai Motor Group will invest about 3 trillion won over the next 10 years in India, which is rapidly emerging as a global automotive emerging market.

On the 11th, Hyundai Motor's Indian subsidiary (HMI) signed a memorandum of understanding (MOU) with the Tamil Nadu government in southern India to invest in building an electric vehicle ecosystem. The company plans to invest 200 billion rupees (KRW 3.2 trillion) over 10 years from this year to 2032 to expand its electric vehicle production capacity and build an ecosystem.

First of all, it will build an electric vehicle (EV) battery package assembly plant that can produce 178,000 units a year, and increase factory production facilities. Through this, the company plans to increase annual vehicle production from 740,000 units to 850,000 units. In addition, the company plans to install 100 electric vehicle charging stations on major highways in India and the latest production facilities.

Along with the investment, Hyundai Motor Group plans to launch six electric vehicles in India by 2028 to solidify its lead.

 

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