Hyundai Motor India (HMIL) is likely to invest Rs 5,000 crore in General Motors India’s (GMI) Talegaon plant in Maharashtra, and its suppliers are also planning investments worth Rs 5,000 crore near the site, according to sources close to development.
Once the tussle between the workforce and the GMI management is resolved, HMIL and its associates are expected to invest Rs 10,000 crore in the car plant, which has a capacity to produce 130,000 units per year.
First print: October 22, 2023 | 11:32 PM IST