Hyundai Motor India Limited (HMIL) announced its progress in localizing manufacturing processes, achieving up to 92% localization for its operations. This initiative, part of the company’s indigenization roadmap, includes collaboration with 194 suppliers to produce over 1,200 components at its Chennai facility.
Since 2019, HMIL’s localization efforts have reportedly resulted in foreign exchange savings of over $672 million (approximately ₹5,678 crore). These efforts have also created direct employment opportunities for more than 1,400 individuals.
A key milestone in this strategy is the commissioning of a battery-pack assembly plant at HMIL’s manufacturing facility in Chennai, in collaboration with Mobis India Limited. This plant, with an initial capacity of 75,000 battery packs annually, produces NMC (Nickel-Manganese-Cobalt Oxide) and LFP (Lithium-Iron-Phosphate) batteries. The facility aims to streamline battery costs and availability for Hyundai’s electric vehicles (EVs) produced in India.
The Hyundai Creta Electric is the first model to utilize battery packs assembled at this new facility. Additionally, HMIL has achieved full localization of components such as alternators, alloy wheels, disc brakes, catalytic converters, and clutch assemblies. High-technology parts like tire pressure monitoring systems and NOx sensors have also been localized for the first time in India.
HMIL has further plans to expand its localized supplier network for its upcoming manufacturing plant in Talegaon, Maharashtra.