Hyundai Motor India, the second largest car manufacturer in the country, on Thursday pledged to invest Rs 20,000 crore over a period of 10 years in Tamil Nadu to roll out new electric vehicle (EV) models and increase production volume from its Irungattukottai plant besides setting up a battery packing assembly unit and charging stations.
A Memorandum of Understanding for the investment was signed on Thursday between Unsoo Kim, MD & CEO, Hyundai India and V Vishnu, MD & CEO, Guidance Tamil Nadu in the presence of Chief Minister M K Stalin.
