New Delhi, March 06, 2025.
According to Hyundai Motor Company President and CEO Jose Munoz, by 2030, the company has set a target of selling 2 million electric vehicles in the global market and India will play an important role as a ‘manufacturing hub’ in achieving the target of Hyundai Motor Company.
Addressing Hyundai Motor India employees at a town hall meeting at the company’s headquarters in Gurugram on the outskirts of Delhi, he said the company’s new factory to be built at Talegaon in Maharashtra will not only help meet domestic demand but also establish HMIL as a global manufacturing hub.
HMIL aims to reach a total annual production capacity of 1.1 million vehicles once its Talegaon facility is fully operational. The company will continue to support HMC HMIL in expanding its EV offering and investing in the infrastructure required to support this transformation, he added.
To meet the growing demand for vehicles, HMIL’s upcoming manufacturing facility in Talegaon will play a key role in improving local manufacturing capabilities. HMIL is dedicated to making EVs more accessible and suited to the needs of Indian consumers, which is also linked to green and eco-friendly vehicle mobility solutions in the country. Munoz said, “India is the third largest market for Hyundai’s global operations. HMIL’s IPO has helped HMC to invest and expand in new products and additional production capacity in India. HMIL has emerged as a world-class automotive manufacturing and regional export hub.” HMIL said in a statement, “Munoz’s visit strengthened HMC’s commitment to HMIL.
He also highlighted broader strategic goals, exploring new opportunities and promoting collaboration, innovation and excellence. He also emphasised the importance of Hyundai’s customer-centric philosophy and achieving the highest standards of quality and customer service to ensure sustainable success amid the rapidly evolving business environment.”
