Fadnavis Assures Full Support to Hyundai Motor India’s Rs 7000 Crore Investment in Talegaon, Pune

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Mumbai, 13th January 2024: Maharashtra Deputy Chief Minister Devendra Fadnavis shared his delight in meeting Kim Unsoo, MD and CEO of Hyundai Motor India (HMI), along with Executive Director J.W Ryu and senior officials from HMI. The meeting centered around Hyundai Motor India’s significant investment of ₹7000 crores in Talegaon, Pune.

Fadnavis, in a tweet, expressed that the Hyundai executives briefed him on the ambitious investment in Talegaon, Pune. He conveyed, “They also sought advice and assistance on various aspects, and I assured them on behalf of our government of full support to ensure smooth implementation.”

This investment marks Hyundai’s first venture into the development of the Hyundai Beyond Tamil Nadu project, extending their footprint beyond Tamil Nadu, where the company has been operating successfully for over 25 years.

The executives are set to visit Davos later next week to sign a Memorandum of Understanding (MOU) with the Government of Maharashtra, solidifying the commitment and partnership between Hyundai Motor India and the state.

In his tweet, Fadnavis expressed the government’s enthusiasm for welcoming and facilitating Hyundai’s significant contribution to creating a world-class manufacturing facility in Maharashtra. He highlighted the importance of Hyundai’s investment in creating employment opportunities and fostering technological advancement in the state.