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Hyundai Motor India localises over 1,200 parts and battery packs to boost EV manufacturing
HMIL, in collaboration with Mobis India, has started assembling battery packs at a new facility within its Sriperumbudur plant. This localisation effort has resulted in significant foreign exchange savings of USD 672 million (INR 5,678 crore plus) since 2019 and created over 1,400 jobs.
HMIL, in collaboration with Mobis India, has started assembling battery packs at a new facility within its Sriperumbudur plant. This localisation effort has resulted in significant foreign exchange savings of USD 672 million (INR 5,678 crore plus) since 2019 and created over 1,400 jobs.
