Hyundai begins engine production at its Talegaon facility ahead of full operationalisation
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Hyundai Motor India Limited (HMIL), the Indian unit of South Korean carmaker Hyundai Motor Company, has commenced producing engines for its passenger vehicles at its Talegaon manufacturing facility, the carmaker said on Monday in an exchange filing.
According to the stock exchange filing, Hyundai Motor India Limited will make an intimation regarding commencing the production of passenger vehicles at the Talegaon facility in due course.
At the fourth-quarter and full-year results, HMIL said that it has earmarked 40% of its capex plan of ₹7,000 crore for the current financial year. In FY25, the company recorded consolidated revenues of ₹69,192.9 crore and an EBITDA of ₹8,953.8 crore, translating to an EBITDA margin of 12.9%. Net profit stood at ₹5,640 crore.
For the fourth quarter, the revenue of HMIL came in at ₹17,940.3 crore, with an EBITDA of ₹2,532.7 crore and a net profit at ₹1,614.3 crore—reflecting margin stability and recovery from the third quarter’s dip, when it posted revenues of ₹16,648 crore and a net profit of ₹1,160.7 crore.
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HMIL had earlier said that full-scale operations at the Talegaon facility will begin in the fourth quarter of 2025. The facility has a manufacturing capacity of 1.3 lakh vehicles and 1.6 lakh engines per year.
The development comes at a time when HMIL is banking on its additional facilities in Talegaon as it plans to target the Indian domestic market aggressively, with a 26-model product pipeline by FY2030, comprising 20 internal combustion engine (ICE) vehicles and six electric vehicles. It sold 614,721 units in the full-year 2025, a marginal 2.6% dip year-on-year. More importantly, it has seen homegrown rivals Tata Motors and Mahindra & Mahindra,
HMIL will also be foraying into self-charging hybrid powertrains. The company has been tight-lipped about the contours of its aggressive product strategy, reiterating that it will delve more into its strategy on its Investor Day.
The facility in Talegaon began operations in 2008, under General Motors, primarily for exports, something which continued even after 2017, when the American carmaker exited the domestic market, until late 2020. In 2023, HMIL signed an asset purchase agreement to acquire and assign identified assets related to General Motors India’s Talegaon plant in Maharashtra, and the acquisition was completed in January last year.
In January last year, HMIL also signed a memorandum of understanding with the government of Maharashtra at the World Economic Forum in Davos, making a commitment to invest ₹6,000 crore in the state. This includes the development of the Talegaon facility—which includes a project management office, training office, administrative facilities, and a logistics distribution centre.