{"id":16398,"date":"2023-05-10T05:07:37","date_gmt":"2023-05-10T05:07:37","guid":{"rendered":"https:\/\/www.newprojectstracker.com\/blog\/?p=16398"},"modified":"2023-05-11T05:10:15","modified_gmt":"2023-05-11T05:10:15","slug":"major-automobile-company-to-investrs-15000-crore-in-tn","status":"publish","type":"post","link":"https:\/\/www.newprojectstracker.com\/blog\/major-automobile-company-to-investrs-15000-crore-in-tn\/","title":{"rendered":"Major automobile company to investRs 15,000 crore in TN"},"content":{"rendered":"\n\n\n\t<div class=\"dkpdf-button-container\" style=\" text-align:right \">\n\n\t\t<a class=\"dkpdf-button\" href=\"\/blog\/wp-json\/wp\/v2\/posts\/16398?pdf=16398\" target=\"_blank\"><span class=\"dkpdf-button-icon\"><i class=\"fa fa-file-pdf-o\"><\/i><\/span> Download PDF Report<\/a>\n\n\t<\/div>\n\n\n\n\n\n<p><img src=\"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2023\/05\/Hyundai-Motor-India-Ltd.jpg\" \/><\/p>\n<p>Hyundai Motor India Ltd. (HMIL) is anticipated to reveal the details of its upcoming mega-investment, which is estimated to be worth at least $15,000 crore and will go towards developing an ecosystem for electric vehicle manufacturing as well as alternative fuel technologies like hydrogen mobility.<\/p>\n<p>Tamil Nadu government and HMIL, a South Korean automaker&#8217;s Indian subsidiary, will sign a memorandum of understanding for the projected substantial investment.<\/p>\n<p>According to officials in the Tamil Nadu government, the anticipated investments of &#8220;15,000 crore to 20,000 crore&#8221; would be spread over the following 7\u201310 years.<\/p>\n<p>HMIL has so far invested over $4 billion in the country. Its factory in Sriperumbudur near Chennai is Hyundai Group\u2019s first fully integrated production facility, and second-largest facility outside Korea, capable of producing 740,000 cars. It is also a leading exporter of passenger vehicles from India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Download PDF Report Hyundai Motor India Ltd. (HMIL) is anticipated to reveal the details of its upcoming mega-investment, which is estimated to be worth at least $15,000 crore and will go towards developing&#8230; <\/p>\n","protected":false},"author":1,"featured_media":16399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[163],"tags":[1809,1240],"jetpack_featured_media_url":"https:\/\/www.newprojectstracker.com\/blog\/wp-content\/uploads\/2023\/05\/Hyundai-Motor-India-Ltd.jpg","acf":[],"_links":{"self":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16398"}],"collection":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/comments?post=16398"}],"version-history":[{"count":1,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16398\/revisions"}],"predecessor-version":[{"id":16400,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/posts\/16398\/revisions\/16400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media\/16399"}],"wp:attachment":[{"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/media?parent=16398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/categories?post=16398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newprojectstracker.com\/blog\/wp-json\/wp\/v2\/tags?post=16398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}