Business EconomyPosted at: Oct 16 2026 11:50PM


Telangana: Hyundai’s ₹8,528-Cr R&D centre and mega test facility coming up in Zaheerabad

Hyderabad, Oct 16 (UNI) Hyundai Motor India Engineering’s proposed ₹8,528-crore Global Innovation R&D Centre and mega test facility at Zaheerabad in Telangana’s Sangareddy district is expected to be ready for groundbreaking in the next few months, the company’s Managing Director Changyeon Cho said on Friday.
The proposed facility, spread across 678 acres in the National Investment and Manufacturing Zone (NIMZ), carries an employment commitment of 4,276 jobs.
Cho conveyed the project’s progress during a meeting between a Hyundai delegation and Telangana Chief Minister A. Revanth Reddy at the Bodhi Pavilion.
The Chief Minister directed officials to expedite pending approvals and extend the necessary support to facilitate the project.
During the meeting, Revanth Reddy invited Hyundai Motors to establish a car manufacturing facility in Telangana, assuring the company of all possible assistance from the state government.
He said Telangana was well-positioned to attract automobile manufacturing investments, citing its central location, transport connectivity and industrial infrastructure.
Hyderabad’s established engineering ecosystem and quality of life also made it an attractive destination for global companies, he said.
The Chief Minister highlighted plans to develop dedicated mobility clusters and promote industrial expansion through spatial development frameworks such as the Peri-Urban Region (PURE).
The proposed Zaheerabad facility is expected to strengthen Hyundai’s research, engineering, testing and validation capabilities.
The company has maintained a presence in Hyderabad for around two decades, with its Hitec City facility serving as a major research and development centre for advanced vehicle engineering.
The project follows investment discussions held during the World Economic Forum in 2024, when a delegation led by Revanth Reddy met Hyundai representatives to explore investment opportunities in Telangana.
In June 2025, the state Cabinet sub-committee on industrial and investment promotion approved the company’s proposal to establish the R&D centre.
Revanth Reddy also outlined the state’s vision for Bharat Future City and invited the Hyundai leadership to participate in the Invest Telangana Global Summit 2026.
Cho said Hyundai’s plans to strengthen Hyderabad as a global technology and advanced engineering hub aligned with the Telangana Rising 2047 vision.
The company would continue to contribute to the state’s growth, he added.
K. Ramakrishna Rao, Advisor and Ex-officio Special Chief Secretary to the Chief Minister, Sangareddy Collector Prateek Jain and other senior officials attended the meeting.
UNI KNR RN
Please log in to get detailed story.
Tags: #Telangana: Hyundai’s ₹8#528-Cr R&D centre and mega test facility coming up in Zaheerabad
More News

Angel One opens US share and ETF investments through GIFT City with brokerage waiver until December 2026

19 Oct 2026 | 11:33 PM

Mumbai, Oct 19 (UNI) Angel One has introduced a facility allowing Indian investors to purchase US-listed shares and exchange-traded funds through GIFT City, expanding its international investment services. The brokerage firm has announced zero transaction brokerage charges until December 2026, although regulatory and other applicable costs will continue.

see more..

India flags off first JCB shipment to New Zealand ahead of FTA implementation

19 Oct 2026 | 7:50 PM

New Delhi, Oct 19 (UNI) India on Monday flagged off its first export consignment to New Zealand under the bilateral free trade agreement (FTA), with a JCB mini excavator manufactured in Maharashtra marking the start of preferential market access for Indian goods. The agreement, which comes into force on Tuesday, will provide Indian engineering products with zero-duty access to the New Zealand market.

see more..

Birla AI Labs launches Made-in-India time series foundation model ‘Yug-1’

19 Oct 2026 | 6:43 PM

Mumbai, Oct 19 (UNI) Aditya Birla Group’s Birla AI Labs officially announced the release of its time series foundation model (TSFM) ‘Yug-1’ today, which has been developed to forecast outcomes, identify patterns and detect anomalies across interconnected datasets.

see more..

Sitharaman flags capital outflows, easy investor exits as reasons behind Market decline

19 Oct 2026 | 5:45 PM

New Delhi, Oct 19 (UNI) union Finance Minister Nirmala Sitharaman has flagged persistent foreign capital outflows and the ease with which investors can withdraw funds as key challenges for Indian equities. However, she maintained that India's underlying economic fundamentals remained sound despite the recent weakness in share prices.

see more..

Sensex plunges nearly 900 points, investors lose Rs 4 68 lakh cr

19 Oct 2026 | 4:50 PM

New Delhi, Oct 19 (UNI) Indian stock markets on Monday snapped their two-day winning streak and witnessed heavy selling. The market downturn came amid elevated crude oil prices, weak global cues and selling in private banking stocks following disappointing earnings.

see more..