Hyundai to buy General Motors’ Talegaon facility

PTI

Updated At : 12:31 PM Mar 14, 2023 IST

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New Delhi, March 13

Hyundai Motor India on Monday said it has inked a term sheet to potentially acquire land, buildings and certain manufacturing equipment at General Motors India’s Talegaon-based manufacturing plant.

The term sheet covers the proposed acquisition of land and buildings and certain machinery and manufacturing equipment at the Talegaon plant, it added.

General Motors stopped selling cars in India from 2017-end, as part of its global restructuring actions.

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