Hyundai Motor plans to set up mega test center in Telangana: CM Revanth Reddy
Hyderabad: Chief Minister A Revanth Reddy said Telangana government has actively been focusing on major investment opportunities by global giants. Hyundai Motor Company had planned investments to set up a car testing facility in Telangana through its subsidiary Hyundai Motor India Engineering Private Limited (HMIE).
Telangana State’s industry-friendly policies, progressive and futuristic vision in creating a world-class infrastructure and providing hassle-free permission system has enabled best-in-class companies like HMIE to do business in Telangana, he said.
Revanth Reddy accompanied by IT and Industries Minister D Sridhar Babu were on an official visit to South Korea to attract investments to boost the State economy. As a part of the visit, they met with Hyundai Motor Company officials in Seoul, South Korea on Monday.
After the talks with the Chief Minister and Industries Minister, the South Korean automotive giant, through its Indian arm Hyundai Motor India Engineering Private Limited, plans to establish a mega test center in Telangana.
The test center will include not only an automotive test track facility but also a state-of-the-art test car manufacturing facility including EVs. It is likely to attract other affiliates and suppliers to set up their facilities in the vicinity. This will help to create both direct and indirect employment opportunities.
Moreover, Hyundai Motor India Engineering Private Limits is expanding by renovating and modernizing the existing engineering center in Hyderabad to create more employment for India and Asia Pacific region.
The HMIE said, “India is a very important market, and we are committed to developing benchmark setting products and technologies for Indian customers.” HMIE is thankful and would like to express gratitude to the Chief Minister for providing an opportunity to develop state-of-the-art testing facilities. This investment underscores HMIE’s commitment to India and the Chief Minister's vision for a sustainable future for the State.
