Hyundai Motor India Share Price Rises as Engine Production Kicks Off in Maharashtra

Market Performance

On June 17, Hyundai Motor India's share price witnessed a notable uptick.

The stock moved up by 1.6%, reaching ₹1,970 per share during the trading session.

Main News

Hyundai Motor India officially began engine production at its newly acquired Talegaon plant in Maharashtra.

The plant, located in MIDC's Phase II Expansion area, Tehsil Maval, Pune District, commenced production on June 16, 2025.

According to the company's filings with the National Stock Exchange (NSE) and BSE, this step is part of its broader strategy to expand its manufacturing footprint across India.

Company Details

Hyundai Motor India Limited (HMIL), a wholly-owned subsidiary of South Korea's Hyundai Motor Company, has emphasized this facility as a key part of its domestic and global production plans.

• Hyundai acquired the Talegaon facility from General Motors in 2023.
• The current operations are focused solely on engine production.
• Full-scale vehicle manufacturing at the site is scheduled to begin later, with a separate announcement to follow.
• This expansion is intended to fulfill the rising demand in both domestic and overseas markets.

Summary

The recent rise in Hyundai Motor India's share price is attributed to the company's operational milestone at its Talegaon plant.

By initiating engine production, Hyundai is taking a significant step towards scaling its local manufacturing capabilities.

This move highlights Hyundai's commitment to strengthening its position in the Indian automotive market while also supporting future export growth.