Hyundai Motor India Ltd (HMIL) is expected to announce its next phase of mega investment, said to be not less than ₹15,000 crore, for making electric vehicles and building associated ecosystem and in alternative fuel technologies like hydrogen mobility.
HMIL, the Indian arm of a South Korean automaker, will be signing a memorandum of understanding with the Tamil Nadu government on Thursday for the proposed large investment.
The proposed investments of “₹15,000 crore to ₹20,000 crore” would be spread over the next 7-10 years, sources in Tamil Nadu government.
Read More : https://www.thehindubusinessline.com/companies/hyundai-to-announce-15000-cr-plus-investment-programme-in-tn/article66831182.ece
