Hyundai Motors has announced a fresh investment of Rs 20,000 crore in Tamil Nadu. The production of electric vehicles is about to increase and the company, Hyundai Motor India Limited, is preparing for growth. In order to do this, the Tamil Nadu Government and the South Korean passenger vehicle manufacturer have agreed to a major investment of Rs.20,000 crore to be made over a ten-year period (2023–2022) along with the creation of an electric car battery pack assembly facility, as well as new vehicle platforms and models.
