Hyundai motor india signs 'asset purchase agreement' for acquisition of identified assets at gm india talegaon plant
The asset purchase agreement covers assignment of land and buildings and acquisition of identified assets at general motors india's talegaon plant manufacturing operations at the plant are planned to commence in 2025, augmenting hyundai motor india's manufacturing footprint as part of hyundai's resolute commitment to the indian automotive industry, with the sriperumbudur (chennai) and talegaon plants, hyundai motor india aims to cumulatively achieve a production capacity of 1 million units a year leveraging the expanded capacity, hmil will review plans to launch additional electric vehicle models into the indian market, manufactured at its sriperumbudur plant, thus accelerating india's electrification goals. seoul, south korea and gurugram, india , aug. 16, 2023 /prnewswire/ -- hyundai motor india limited (hmil), india's first smart mobility solutions provider and the largest exporter since inception, today signed an asset purchase agreement for the acquisition and assignment of identified assets related to general motors india's talegaon plant in maharashtra.
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