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Synopsis
The deal has many positives for Hyundai: proximity to Mumbai port, lower cost of brownfield expansion compared to setting up a new facility, and access to an already established supplier ecosystem. However, there are legal tussles going on between GM and Talegaon plant trade unions over forced retrenchment and unpaid salaries. Can Hyundai bring the factory back to life?
Many hearts broke when General Motors (GM) decided to exit India in 2017 after 21 years of operations in the country. What the American car major left behind was shocked car owners, furious dealers, disgruntled workers, and a couple of manufacturing facilities — one is Gujarat’s Halol and another in Maharashtra’s Talegaon.While the Halol factory got a new parent almost immediately as MG Motor scooped it up, the Talegaon plant has been waiting
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