South Korean auto parts makers plan Rs 1,370 crore investment in Tamil Nadu

Mumbai: South Korean automotive component manufacturers Hwashin Automotive India and Seoyon E-Hwa Summit Automotive India have proposed investments totalling ₹1,370 crore in Tamil Nadu over the next five years. The funds will be used to expand manufacturing capabilities, upgrade technology and develop new business with Hyundai Motor India (HMIL) and other automakers.

The companies communicated their investment plans to the Tamil Nadu government in separate letters, dated November 11, addressed to additional chief secretary for industries, investment promotion and commerce S Vijayakumar. ET has seen copies of the letters.

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Hwashin Automotive India has proposed to invest about ₹850 crore over the next five years in research and development, advanced manufacturing technologies, localisation, capacity enhancement and new project development. The company manufactures chassis and body components and operates a facility at the SIPCOT Industrial Park in Irungattukottai.

Seoyon E-Hwa Summit Automotive India has proposed a project investment of ₹520 crore between 2027 and 2031 in technology upgradation, modernisation and new business development. The company, a key supplier to HMIL and other automakers, manufactures interior and exterior components, including bumpers, door trims, pillar trims and package tray parts. Its manufacturing facility is located in Oragadam.

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The proposed investments come amid Hyundai Motor Group's push to expand its manufacturing footprint and supplier ecosystem in India.