Hyundai vice chair maps out $15.5b India spending on plants, AI

PUNE, India — Hyundai Motor Group will allocate 60 percent of its planned $15.5 billion investment in India to expanding manufacturing capacity, with the remainder going toward emerging technologies, research and talent development, as the Korean auto giant steps up its push in one of the world's fastest-growing car markets. Vice Chair Chang Jae-hoon outlined the investment breakdown Wednesday following the inauguration of Hyundai Motor's new Pune plant, saying 20 percent would go toward technol

Source: The Korea Herald