Hyundai Motor India plans ₹32,000 crore investment for electric vehicle manufacturing hub

Hyundai Motor India plans to invest ₹32,000 crore over the next decade. This investment aims to establish a manufacturing hub for electric vehicles. This announcement comes as Hyundai prepares for its initial public offering (IPO). The company is focusing on expanding its production capabilities in the electric vehicle market. The investment marks a significant shift in Hyundai's strategy, emphasizing growth in emerging markets and the electric vehicle sector.