Hyundai to invest Rs 11,000 crore at Pune Plant

Hyundai Motor India Limited (HMIL) announced the formal inauguration of its state-of-the-art manufacturing facility based in Talegaon, Pune and will invest Rs 11,000 crore in phases at this facility.

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Pune plant’s current annual installed capacity is 170,000 units, which is set to scale up in phases to 320,000 units by 2030. Combined with Chennai operations, Hyundai’s  total manufacturing capacity will reach nearly 1.14 million units annually by 2030.

Also read: Hyundai Motor Group commits USD15.5 bln investment in India

All New Hyundai VENUE manufactured exclusively at Pune plant and exported to global markets with plans to expand exports to over 35 countries.

Developed as one of the company’s most advanced manufacturing facilities globally, the Pune plant combines Industry 4.0 technologies, AI-enabled production systems, advanced quality management processes and a fully integrated digital manufacturing ecosystem, a statement said.

The Pune facility was inaugurated t Maharashtra Chief Minister Devendra Fadnavis in presence of  Lee Seong-ho, Ambassador of the Republic of Korea to India, Sunetra Ajit Pawar, Deputy Chief Minister of Maharashtra,  Euisun Chung, Executive Chair – Hyundai Motor Group (HMG) ; Jaehoon Chang, Vice Chair – HMG;  José Muñoz, President & CEO – Hyundai Motor Company (HMC); and Tarun Garg, Managing Director & CEO – HMIL.

HMIL also celebrated the landmark achievement of cumulative exports of 4 million passenger vehicles from India since 1999. The company is cumulatively the largest exporter of passenger vehicles and the first automobile manufacturer to achieve the milestone of 4 million exports from India. The company has also sold nearly 10 million passenger vehicles in the domestic market, reflecting its strong and enduring presence among Indian customers.

“The inauguration of Hyundai Motor India’s Pune plant and the company’s achievement of 4 million cumulative passenger vehicle exports reflect India’s growing strength as a global automotive manufacturing hub,” Fadnavis said.

Hyundai’s continued investments in advanced manufacturing technologies, innovation, localization and skill development will contribute significantly to economic growth, employment generation and development of a robust automotive ecosystem in Maharashtra, he said while assuring full support from the state government.

“India remains one of Hyundai’s most important and strategic markets globally. The inauguration of the Pune plant reflects our long-term commitment to India’s growth and our confidence in its bright future. HMIL’s milestone of 4 million cumulative vehicle exports demonstrates the global competitiveness of Indian manufacturing and highlights India’s growing role within Hyundai Motor Group’s worldwide operations,” Chung said.

“The inauguration of our Pune plant marks the beginning of HMIL’s next chapter of growth in India. We will invest INR 11,000 crore in phases at this facility. Beyond expanding manufacturing capacity, the facility will drive industrial development, innovation and employment generation in the region,” Garg said.

55 supplier partners having already invested nearly Rs 4,600 crore in the state. Together with tier-II vendors, the ecosystem has created more than 18,000 employment opportunities in Maharashtra, he said.

Pune plant also houses a state-of-the-art engine shop with advanced manufacturing technologies, producing 150,000 engines annually to support vehicle production.

The plant has flexible production systems capable of supporting multiple models, including ICE and Hybrid manufacturing in the future.

 

 

 

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