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Hyundai Motor India plans to invest Rs 7,500 crore in capex by FY27.
Hyundai Motor India will invest Rs 7,500 crore in capex by FY27, its highest in recent years.
KEY POINTS
- The company will launch a new localised dedicated electric compact SUV this financial year.
- Pune plant capacity will expand by 70,000 units post Phase-II, reaching 1.14 million units by 2030.
- About 45-50% of planned capex will be allocated to new products; the rest to capacity expansion.
- Hyundai aims to regain its number two position in India's passenger vehicle market from Mahindra & Tata.
COMPANIES
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