Hyundai Motor signs deal to buy GM plant in India

South Korean automaker aims to boost output in fast-growing market

20230817 Hyundai Motor plant

Hyundai Motor is aiming to increase its production capacity to 1 million vehicles a year in India. (Photo courtesy of Hyundai Motor)

KIM JAEWON, Nikkei staff writer

SEOUL -- Hyundai Motor's unit in India has signed a deal to acquire a General Motors plant in the South Asian country as the global automaker seeks to expand production in the fast-growing market.

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