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Journalism of Courage
Within a fortnight of the GST Council announcing rate rationalisation on smaller cars from 28 per cent to 18 per cent, Hyundai Motor India Limited (HMIL) has communicated to the Maharashtra Government to enhance its investment commitment at its upcoming manufacturing facility in Talegaon by nearly 60 per cent from Rs 7,000 crore to Rs 11,000 crore. The enhanced investment will not only lead to a jump in new capacity addition by around 1 lakh per annum at the Talegaon plant but could take the company’s overall capacity in India to 1.1 million by 2028.
HMIL had acquired the Talegaon plant from General Motors in 2023-24 and then announced an investment of around Rs 6,000 crore at the plant to create a capacity of 1.74 lakh cars per year. The additional investment commitment is set to be directed towards advanced manufacturing technologies, future EV readiness and increase in production capacity at the Talegaon plant from 1.74 lakh per annum to 2.74 lakh per annum — taking the company’s overall capacity in India to 1.1 million by 2028.
The decision was communicated to the state government by HMIL’s managing director Unsoo Kim in a meeting with the chief minister Devendra Fadnavis on Monday, September 15. A senior government functionary told The Indian Express, “There are big investments flowing into the state. On Monday, Hyundai’s senior management came with a presentation and communicated that they are nearly doubling their investment, plant capacity and job creation opportunities at the upcoming Talegaon manufacturing plant.” he further confirmed that the enhanced investment and plant capacity will nearly double the job creation opportunities by the company to around 12,000.
When contacted, the HMIL spokesperson confirmed the development and said, “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 the Chief Minister of Maharashtra, Shri. Devendra Fadnavis and the Managing Director of HMIL, Mr. Unsoo Kim, on September 15, 2025.”
The company further said that the enhanced investment will support advanced manufacturing technologies, including a seventh-generation paint shop, automation tools, infrastructure upgrades, and future EV readiness. It also said that the Talegaon facility will cater to both domestic and export markets and is expected to generate about 7,600 direct and indirect employment opportunities.
HMIL had acquired General Motors India’s Talegaon plant in Maharashtra in 2023-24 and announced an investment of Rs 6,000 crore in the state. The company is expected to start production at the Talegaon plant by December 2025 and its overall capacity in India is set to rise from 8.24 lakh per annum to 9.98 lakh per annum. With the enhanced investment commitment which is expected to materialise by 2028, the company’s production capacity in India will rise by another 1 lakh to reach 1.1 million.
