Hyundai inks pact to acquire General Motors India's Talegaon factory

Hyundai India has signed a pact with General Motors India for the potential acquisition of the latter’s plant in Talegaon, Maharashtra.

The American company had signed a deal with Great Wall Motors in January 2020 to sell the plant, but the deal fell through last June as the Chinese carmaker did not receive the required approvals from the Indian government in time.

General Motors stopped production at the Talegaon plant in 2020. The plant, established in 2008, has the capacity to produce 130,000 cars and 160,000 engines per year.

If Hyundai’s agreement with General Motors is approved, the South Korean automaker could potentially