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The company stated that it intends to do multiple investments to upgrade the existing infrastructure and manufacturing equipment at the Talegaon plant.
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The business reported sales of 50,201 units in the domestic market and 13,500 units in global regions in April 2024.
Domestic sales declined 5% to 47,727 units against 50,201 during the same period last year.
Hyundai's domestic sales were led by SUVs in FY25, which made up 68.5% of total sales
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The investment is focused on stabilizing Hyundai’s supply chain by ensuring timely domestic production of stamping tools and panels.
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The auto major recorded sales of 186,408 passenger vehicles. This includes domestic sales of 146,022 units, backed by SUV sales.
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