Hyundai Signs Term Sheet To Acquire General Motors India Talegaon Plant In Maharashtra

Hyundai Motor today signed a term sheet for the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra.

The Term Sheet covers the proposed acquisition of land and buildings and certain machinery and equipment for manufacturing situated at General Motors India, Talegaon Plant. The proposed acquisition is subject to the signing of the ‘Definitive Asset Purchase Agreement’ and fulfillment of conditions precedent and receipt of regulatory approvals from relevant Government Authorities and all the stakeholders related to the acquisition.

Hyundai is going to unveil its most awaited updated car which is Verna 2023. Recently Hyundai showcased the Creta N Line Dark Edition.