Hyundai completes acquisition of GM India's Talegaon plant

Hyundai expects the Talegaon plant to become operational in 2025.

Hyundai has completed the acquisition and assignment of identified assets at General Motors India’s Talegaon plant in Maharashtra. 

Hyundai recently signed a memorandum of understanding (MoU) with the government of Maharashtra at the World Economic Forum in Davos. The carmaker also committed to an investment of Rs 6,000 crore. 

The Talegaon plant has an annual production capacity of 1,30,000 units, which the company plans to expand further. Hyundai will make phased investments to upgrade the existing infrastructure and manufacturing equipment at the facility. 

Hyundai expects the Talegaon plant to become operational in 2025.