The meeting assumes significance as the automaker has committed investments of Rs 20,000 crore in Tamil Nadu over the next 10 years. The investment will be made in phases from 2023 to 2032.
At the Secretariat on Tuesday, Minister for Industries T R B Rajaa, along with senior government officials including Chief Secretary Shiv Das Meena, Guidance Tamil Nadu MD and CEO V Vishnu, Industries Department Additional Chief Secretary S Krishnan, met Chung in the presence of Chief Minister Stalin.
During the brief interaction, Chung presented a miniature of the company’s popular sports utility vehicle to Stalin. Hyundai Motor is one of Tamil Nadu’s most reliable and long-standing partners in the automobile sector, the Tamil Nadu government said.
“The future of auto is in EV (electric vehicle). Hyundai and Tamil Nadu’s formidable partnership will contribute to making the state the EV capital of Asia,” the office of the Tamil Nadu industries minister said in a social media post.
In May this year, Hyundai Motor India said it will invest Rs 20,000 crore in a phased manner in Tamil Nadu over the next 10 years to make further inroads into manufacturing of electric vehicles and modernisation of vehicle platforms. “Hyundai has been one of the largest manufacturers and consistent investors in Tamil Nadu. This strategic partnership is a testimony to Hyundai’s commitment to boost the socio-economic development in the state and make the country self-reliant,” Hyundai Motor India MD and CEO Unsoo Kim said in a statement in May following the commitment to invest in Tamil Nadu.
As part of the company’s long-term vision, he added, Hyundai has finalised plans to develop and establish Tamil Nadu as a base for Hyundai’s EV manufacturing in India.