Hyundai to invest additional ₹4,000 crore in Pune plant, to raise output to 3,20,000 units

Chief Minister of Maharashtra Devendra Fadnavis Inaugurating Hyundai Motor India’s Pune Plant.

Hyundai Motor India Ltd. on Wednesday announced to invest an additional ₹4,000 crore in it’s Pune plant by 2030 taking the total investment to ₹11,000 crore.

The plant’s current annual installed capacity of 1,70,000 units, is set to scale up in phases to 3,20,000 units by 2030, it’s MD & CEO Tarun Garg said.

The company has announced to increase it’s localisation from 83% to 92%.

The plant, the company’s second after Chennai, was on Wednesday formally inaugurated by Maharashtra Chief Minister Devendra Fadnavis.

Euisun Chung, Executive Chair - Hyundai Motor Group (HMG); Jaehoon Chang, Vice Chair - HMG; José Muñoz, President & CEO - Hyundai Motor Company (HMC) were present on the occasion.