Hyundai Motor India achieves 92% localisation in manufacturing
The Hindu
Hyundai achieves 92% localization in manufacturing, assembles battery-packs locally.
Hyundai Motor India Ltd (HMIL) said it has achieved 92% localization in manufacturing and has commenced local assembly battery-packs at a newly commissioned facility within HMIL’s Chennai manufacturing facility towards its commitment to ‘Make-in-India’.
The Hyundai Creta Electric becomes the first model to come equipped with locally assembled battery-packs from the plant, it added.
“HMIL’s localisation efforts have led to forex savings of $672 Million (₹5,678 crore) since 2019, and have fostered direct employment opportunities for over 1,400 people,” the company said in a statement.
Gopalakrishnan Chathapuram Sivaramakrishnan, whole-time director and chief manufacturing officer, HMIL said, “HMIL’s indigenization efforts are deeply in sync with Government of India’s ‘Atmanirbhar Bharat’ and ‘Make-in-India’ initiatives, and our localization strategy strives to constantly leverage India’s rich resources, skilled workforce and advanced engineering prowess, to develop world-class technology domestically.”
“Commissioning of the HMIL and Mobis India Limited’s battery-pack assembly plant is a key milestone in our localization and the EV roadmap. The Hyundai CRETA Electric becomes the first Hyundai EV manufactured in India to come equipped with battery-packs assembled at this very plant, making it a true game-changer,” he added.
With its dedicated “Localization Team”, HMIL is constantly enhancing its localisation efforts, by working closely with over 194 vendors for over 1,238 parts at its Chennai manufacturing facility.
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