Hyundai’s acquisition of GM India’s Talegaon plant signals intent to boost Indian manufacturing and further accelerate EV production plans.
The agreement signals the South Korean OEM’s intent to expand its manufacturing footprint in a fecund and fast-expanding market. Unsoo Kim, managing director and CEO of Hyundai Motor India, said that Hyundai expects to start production in Talegaon by 2025.
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The shipment contains parts for a crane that will be used in the stamping facility.
Metaverse-based digital-twin factory will be used to optimise plant operation and allow virtual problem solving. HMGICS innovation hub, which will be completed at the end of 2022, to be the first facility to implement Hyundai’s Meta-Factory concept
Hyundai Mobis will invest a total of USD $1.1 billion (KRW 1.3 trillion) to build two new fuel cell plants in Korea to accelerate the hydrogen economy and to secure broader global market dominance
