Hyundai has announced a Rs. 1,400 crore investment in the Telangana Mobility Valley. Telangana Mobility Valley will be home to Hyundai’s proving grounds.
Hyundai will be a shareholder and consortia partner in the Telangana government’s first-of-its-kind New Mobility Valley.
The news was made at the Telangana Pavilion in Davos at a meeting between Hyundai President and CIO YoungCho Chi and KTR. During the conference, several collaborations were also discussed.
The presence of Hyundai, according to KTR, would enhance the state’s mobility industry. He went on to say that Telangana was the first state to establish a Mobility Valley, and he praised Hyundai for joining it.
