Talegaon Plant

General Motors India ended the labour standoff after the Bombay High Court dismissed two petitions by the employees' union

Plant will be 'catalyst' in achieving Hyundai India's target of achieving one million annual production capacity, says company

Hyundai Motor India on Friday said it has completed the acquisition of General Motors India's manufacturing plant at Talegaon in Maharashtra. The country's second-largest carmaker also announced that it will invest Rs 6,000 crore in Maharashtra as part of an agreement inked between the company and the state government in Davos. The acquisition of the Talegaon facility has been completed after the fulfilment of certain conditions and the receipt of regulatory approvals from relevant government authorities and relevant stakeholders, Hyundai Motor India said in a statement. "India is a very important market for Hyundai Motor Company, and we are committed to provide benchmark creating products and technologies to Indian customers," Hyundai Motor India Ltd (HMIL) MD & CEO Un Soo Kim said. As the company looks forward to the next decade of progress, it is critical to augment manufacturing capacity in India, he added. "The Talegaon manufacturing plant will play the role of a catalyst in

The workforce at the facility holds onto aspirations of resurgence, hopeful for opportunities with Hyundai's asset transfer deal

The company has failed to pay the 1,086 workers it laid off in 2017 while exiting the Indian market

The new wage pact would be effective from April 1, 2017 and come to an end on March 31, 2020