BENGALURU, Jan 19 Reuters Hyundai Motor39;s Indian unit on Friday said it would invest 60 billion rupees 721.73 million in the western state of Maharashtra, while also disclosing that it had completed the acquisition of General Motor39;s plant in the state.

India39;s secondlargest carmaker by sales did not disclose a deal value for the Talegaon plant or give details of its investment in Maharashtra.

The deal for the plant, announced last March, will take Hyundai39;s production capacity to 1 million units from more than 800,000 currently. It is expected to begin operations by 2025.

The Korean automaker has announced a string of investments over the last year in the southern state of Tamil Nadu where its only Indian plant is located.

Earlier this month, Hyundai signed a nonbinding agreement with the Tamil Nadu government to invest 61.8 billion rupees, some of it earmarked for electric vehicle EV battery and car manufacturing.

1 83.1340 Indian rupees

Reporting by Varun Vyas and Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman and Eileen Soreng

Source Reuters