Hyundai Motor India Ltd on Monday introduced that it has commenced manufacturing of passenger automobile engines at its manufacturing facility in Talegaon, Maharashtra, in line with an change submitting.
The engine manufacturing started on June 16 on the Talegaon plant, positioned in MIDC Part-II Growth, Tehsil Maval, Pune district. The corporate additionally knowledgeable that passenger automobile manufacturing on the facility will start later, with a separate announcement to observe.
Shares of Hyundai Motor India Ltd ended at ₹1,937.50 on Monday, down ₹3.90 or 0.20%, from the earlier shut.
Hyundai had earlier introduced that full-scale operations on the Talegaon plant, acquired from Normal Motors, are anticipated to start within the fourth quarter of 2025.
The ability is a key a part of Hyundai’s plan to scale up its home manufacturing capabilities. The plant has an current manufacturing capability of 130,000 autos and 160,000 engines per 12 months.
In January 2024, Hyundai signed a Memorandum of Understanding (MoU) with the Maharashtra authorities through the World Financial Discussion board in Davos, committing to take a position ₹6,000 crore within the state, together with within the improvement of the Talegaon facility.
The announcement got here weeks after Hyundai marked its twenty ninth basis day on Could 6. The corporate has bought a cumulative 1.27 crore items in India since 1996 and not too long ago dedicated ₹1,500 crore for upgrading its Chennai plant as a part of its broader manufacturing plans.
Initially established in 2008, the Talegaon plant was utilized by Normal Motors primarily for exports, even after it exited the Indian market in 2017. Operations continued till late 2020. The positioning is supplied with a logistics distribution centre, coaching centre, venture administration workplace, and administrative amenities.
