Hyundai Forges Ahead with Rs 694 Cr Tooling Powerhouse

Hyundai Motor India has announced an investment of Rs 694 crore to establish a tooling centre aimed at enhancing its manufacturing capabilities.

This facility will focus on the local production of stamping tools and panels for vehicles, ensuring a stable supply chain and improving production efficiency. The initiative aligns with Hyundai’s long-term strategy to develop critical infrastructure for stamping tool production, reinforcing supply chain stability amid rising SUV demand in India.

Additionally, Hyundai’s upcoming facility in Talegaon, near Pune, set to commence operations later this year, will increase the automaker’s annual production capacity from 900,000 to 1.1 million units, further strengthening its position as India’s second-largest car manufacturer.

News by Rahul Yelligetti.