Hyundai Motor India begins PV engine production at Talegaon plant; check details

The production commenced from June 1 to June 16 at the plant located at Plot No. A-16, MIDC, Talegaon Industrial Area, Phase-II Expansion, Tehsil-Maval of Pune district.

“Intimation regarding commencement of production of passenger vehicles at Talegaon Plant will be made separately in due course,” Hyundai said in a statement to the exchanges. 

Last year, Hyundai had signed MoUs with the state governments of Tamil Nadu and Maharashtra, committing an overall investment of ₹32,000 crore. The Talegaon Manufacturing Plant was scheduled for commissioning in the second half of 2025.

The second-largest carmaker aims to increase the overall production capacity to 1.1 million units per annum by 2028 with these investments. Through capacity expansion, Hyundai looks to meet future domestic and export demand for its products. 

On Monday, shares of Hyundai Motor India settled at ₹1,937 apiece on the National Stock Exchange, losing 0.20%.

Due to lower sales in the domestic market, Hyundai Motor India reported a 4% decline in its consolidated profit after tax to ₹1,614 crore for the fourth quarter, ending March 31, 2025, in contrast to ₹1,677 crore in Q4 FY24.

The company had sold 153,550 units in the domestic market in the fourth quarter against 160,317 units in the same period of FY24.

Hyundai Motor India’s total revenue from operations rose to ₹17,940 crore for the period under review compared to ₹17,671 crore in the year-ago period.

For the entire 2024-25 fiscal year, the company's consolidated PAT slipped 7% to ₹5,640 crore from ₹6,060 crore in FY24. Revenue also fell to ₹69,193 crore in the last fiscal year compared to ₹69,829 crore in the 2023-24 financial year.

The company has an aggressive product pipeline of 26 models (including refreshments), comprising 20 ICE and 6 EVs, by FY30.