Telangana courts Hyundai for new car plant, pushes ₹8,528 crore R&D fast‑track

Telangana officials have approached Hyundai Motor Company with a proposal to locate a new automobile manufacturing plant in the state. The offer is accompanied by a request to fast‑track a research and development investment worth ₹8,528 crore, which the government says will spur innovation and technology transfer. State authorities expect the plant to generate significant employment opportunities and strengthen Telangana’s position in India’s automotive sector. Hyundai is currently reviewing the incentives and the overall business case before reaching a decision. The government has indicated that expediting the R&D funding could attract further foreign investment and enhance the local supply chain.