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- 30th Dec, 2020
Hyundai to invest INR 1,400 crore in Telangana’s Mobility Va
Automobile leader Hyundai will invest Rs 1,400 crore in the upcoming Telangana Mobility Valley, giving a major boost to the mobility sector, the state government announced Thursday. Hyundai will be setting up proving grounds (test tracks) in Telangana Mobility Valley.
Hyundai will be a stakeholder and a consortium partner in the first of its kind New Mobility Valley created by the Telangana government, an official statement said.
The announcement was made during a meeting of Hyundai President and CIO YoungCho Chi with IT and Industries Minister K T Rama Rao at Telangana Pavilion in Davos. Various collaborations were also discussed in the meeting.
Minister Rao stated that the presence of Hyundai will further strengthen the mobility sector in the state. He added that Telangana is the first state to set up a mobility valley and thanked Hyundai for becoming a part of it.
