Hyundai Motor India will invest Rs 6,180 crore in Tamil Nadu on various initiatives including the setting up of a hydrogen resource centre.

The MoU on this regard was signed during the Tamil Nadu Global Investors Meet.

This is in addition to the Rs 20,000 crore the company plans to deploy over a period of ten years (2023-2032) to improve its efforts in electric vehicle manufacturing, charing infrastructure and skill development.

Hyundai Motor India MD & CEO Unsoo Kim said,"This substantial investment of Rs 6,180 crore is a testament to our enduring commitment to fortifying the state's pursuit to boost the socio-economic development in the state and make the country self-reliant."

This collaboration with the state government goes beyond mere investment; it is a catalyst for cultivating a robust hydrogen technology ecosystem that mirrors the company's commitment to sustainability and a green future, he added.