Home / Business and Economy / Auto Suppliers Invest ₹1,370 Crore in Tamil Nadu
Auto Suppliers Invest ₹1,370 Crore in Tamil Nadu
11 Nov
Summary
- Two South Korean auto firms will invest ₹1,370 crore.
- Investments reaffirm confidence in Tamil Nadu's ecosystem.
- Hwashin plans ₹850 crore, Seoyon ₹520 crore over five years.
South Korean auto component manufacturers Hwashin Automotive India Ltd and Seoyon E-Hwa Summit Automotive India Ltd have announced plans to invest a total of ₹1,370 crore in Tamil Nadu over the next five years. These investments underscore the companies' continued confidence in the state's industrial environment.
In formal communications dated November 11, 2026, both companies confirmed their commitment to Tamil Nadu, dispelling recent speculation about a move to Andhra Pradesh. Hwashin intends to invest approximately ₹850 crore, supporting research and development, advanced manufacturing, and capacity expansion.
Seoyon E-Hwa Summit Automotive will invest ₹520 crore between 2027 and 2031. This funding is earmarked for technological advancement, modernization of manufacturing facilities, and exploring new business opportunities. The state government highlighted these investments as a strong affirmation of trust in Tamil Nadu's future.
