Economy

Hyundai aims to make Tamil Nadu its primary EV hub while expanding the electric vehicle ecosystem.

Published On Thu, 04 Jun 2026
Asian Horizon Network
4 Views
news-image
Share
thumbnail

Hyundai Motor India Ltd (HMIL) on Thursday said it aims to make Tamil Nadu its flagship EV hub in India by boosting localisation and strengthening the supply-chain ecosystem. The company plans to increase procurement from Tamil Nadu-based suppliers by around ₹4,000 crore over the next five to six years, creating nearly 2,000 additional jobs. HMIL reaffirmed its investment commitment of over ₹26,000 crore in the state between 2023 and 2032 and announced that two new models, including its first mass-market dedicated EV, will be launched from its Chennai facility this year. The company also partnered with the Tamil Nadu government on a skill-development initiative to improve youth employability in areas such as EVs, robotics, automation and AI-enabled manufacturing. The programme is expected to begin operations in December 2027. HMIL plans to raise localisation levels from 82 per cent to 90 per cent over the next few years to strengthen domestic manufacturing and reduce import dependence. The company has already set up Tamil Nadu’s first battery sub-assembly plant for EV powertrains and continues to expand EV charging infrastructure across the state.

Disclaimer: This image is taken from Business Standard.