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Hyundai MG Chairman Euisun Chung Meets Indian PM Modi, Announces Major Investment Plans in Maharashtra

New Delhi, India (DT) — The Hyundai Motor Group’s Executive Chair, Mr. Euisun Chung, met with Indian Prime Minister Shri Narendra Modi today, furthering Hyundai’s commitment to India’s electric vehicle (EV) sector and green technology initiatives. The meeting focused on Hyundai’s ambitious plans to expand its manufacturing footprint in India, with a significant investment in Maharashtra.

Prime Minister Modi emphasized Maharashtra’s role as “India’s economic powerhouse,” highlighting that major investments like Hyundai’s would have far-reaching benefits for the state and its workforce. Expressing his optimism for Hyundai’s expansion, Modi responded to a post by Hyundai India on X, stating: “Happy to have met Mr. Euisun Chung a few days ago. India is indeed the ideal place to invest in.

I am also glad to see Hyundai’s enthusiasm towards the plant in Pune. Maharashtra is India’s economic powerhouse, and big investments like this will greatly benefit the people of the state.”

Hyundai’s new plant in Pune is set to become a cornerstone of India’s EV ecosystem, with plans to ramp up EV production and invest in advanced battery technology and charging infrastructure. Hyundai’s commitment to Maharashtra reinforces its dedication to supporting India’s green transition and aligns with the country’s ambitious goal of achieving net-zero emissions by 2070.

The meeting also covered Hyundai’s interest in India’s green hydrogen projects and sustainable energy initiatives. Hyundai aims to leverage India’s skilled workforce by providing training programs to prepare them for high-tech automotive and sustainable energy roles.

This collaboration underscores Hyundai’s vision for a greener future while bolstering India’s automotive industry and economic growth. Hyundai is expected to release further details on its Maharashtra investments soon, marking a significant chapter in India’s journey towards sustainable mobility.


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