Hyundai Motor Co.'s Indian unit is planning to expand its existing manufacturing facilities and establishing new ones in the state of Tamil Nadu with an investment of $1 billion, The Times of India reported Nov. 13.
The expansion will allow the automaker to increase its production capacity by an additional 100,000 vehicles a year, which will include new models and electric vehicles, the report added.
The investment will allow the South Korean carmaker to generate 700 new jobs.
