Hyundai also plans to strengthen its localised supplier network by adopting an indigenisation strategy for its upcoming manufacturing plant in Talegaon, Maharashtra, which is expected to be operational by the fourth quarter of the current calendar year.
HMIL is committed to building an ‘Atmanirbhar Bharat’ through a dedicated localization strategy that leverages India’s rich resources, skilled workforce, and engineering expertise.
In phase 1, the plant has an annual assembly capacity of 75,000 battery packs and can assemble a range of battery types, including NMC (Lithium Nickel Manganese Cobalt Oxide) and LFP (Lithium Iron Phosphate) batteries.
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