Hyundai steps up capex in Tamil Nadu

Hyundai Motor India Ltd (HMIL) on Monday said it will invest another Rs6,180 crore in Tamil Nadu apart from the earlier announced Rs20,000 crore investment for electric vehicle (EV) and others between 2023-2032.

According to Hyundai Motor, out of the fresh investment announcement, Rs180 crore will be for a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with Indian Institute of Technology-Madras.