Hyundai to increase Talegaon plant investment by 57% to Rs 11,000 crore

Hyundai's total capacity in India will reach 10,74,000 units per annum by 2028. (Image - AFP)

Hyundai Motor India has enhanced its investment commitment in Maharashtra by 57% to Rs 11,000 crore at the Talegaon manufacturing facility. An announcement regarding this matter was made during a recent meeting held between the carmaker's Managing Director, Unsoo Kim, and the state's Chief Minister Devendra Fadnavis.

Hyundai had initially committed to invest Rs 7,000 crore for the Talegaon plant, which it acquired from General Motors.

While the Creta SUV-maker has already started producing engines at the Talegaon plant, it will start manufacturing the new-generation Venue SUV at the facility in Q3 FY26.

The Talegaon plant has an annual installed capacity of 1,50,000 engines. The vehicle manufacturing operations will start here with an annual installed capacity of 1,70,000 units, which will later be increased to 2,50,000 units.

Hyundai's Chennai plant currently has an annual installed capacity of 8,24,000 units. Following the completion of the second phase at the Talegaon plant by 2028, the company's capacity will reach 10,74,000 units per annum.

"Hyundai Motor India is significantly strengthening its investment commitment in Maharashtra, reaffirming its ambitious and long-term growth strategy. The company has increased its commitment from Rs 7,000 crore to Rs 11,000 crore for its upcoming manufacturing facility in Talegaon. This enhancement was announced during a meeting held between Maharashtra Chief Minister Devendra Fadnavis and Hyundai Motor India Managing Director Unsoo Kim on September 15, 2025," a Hyundai spokesperson said.

"The enhanced investment will support advanced manufacturing technologies, including a seventh-generation paint shop, automation tools, infrastructure upgrades, and future EV readiness. The Talegaon facility will cater to both domestic and export markets. It is also expected to generate about 7,600 direct and indirect employment opportunities, contributing significantly to industrial growth and fortifying Hyundai Motor India's partnership with the state," the spokesperson added.

Hyundai is aiming to launch 26 new models and upgrades, including six electric vehicles (EVs) and 20 internal combustion engine (ICE) models, by FY30. The company will also introduce hybrids in the Indian market. The company's diverse portfolio will feature new models, full-model upgrades, and product enhancements.

Moneycontrol exclusively reported that the carmaker will introduce the Ioniq 5 EV facelift, Exter SUV facelift, Verna sedan facelift and a new sub-4 metre SUV in 2026.

Talking to reporters on the sidelines of the 65th SIAM Annual Convention, Hyundai Motor India Whole-Time Director and Chief Operating Officer Tarun Garg said: "Our current capacity at the Chennai plant is 8,24,000 units per annum. A capacity of 1,70,000 units will come with the Talegaon plant in October of this year. This will take the total capacity to 9,94,000 units per annum. An additional capacity of 80,000 units at the Talegaon plant will come in 2028."

"We will see a jump of 20% in annual capacity from 8,24,000 units to 9,94,000 units. It will take care of the growth over the next few years in the domestic market as well as exports," he added.