BIZ BRIEFS
KATHMANDU: Hyundai Motor India Ltd (HMIL) has announced new long-term investment plans in the state of Tamil Nadu for the development of its electric vehicle (EV) ecosystem.
A statement released by the company said that it will make further inroads into electric vehicle and modernisation of vehicle platform by investing Rs 200 billion in a phased manner over the period of 10 years (2023 to 2032).
A memorandum of understanding (MoU) was signed between Unsoo kim, MD and CEO, Hyundai Motor India Ltd and V Vishnu, IAS, and CEO, Guidance Tamil Nadu.
A version of this article appears in the print on May 30, 2023, of The Himalayan Times.
