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Hyundai powers ‘Atmanirbhar Bharat’ with localisation and EV breakthrough
MUMBAI: Hyundai Motor India Limited (HMIL) isn’t just making cars; it’s making waves. With a roaring 92 per cent localisation in manufacturing and a game-changing battery-pack assembly plant in Chennai, Hyundai is taking its ‘Make-in-India’ commitment to full throttle. If this isn’t a rev-up moment for India’s automotive landscape, we don’t know what is.
Let’s talk numbers—1,238 indigenised parts, 194 vendors, and a whopping $672 million in forex savings (over Rs 5,678 crore) since 2019. Hyundai’s localisation journey is no leisurely Sunday drive; it’s a turbocharged race to leverage India’s resources and engineering talent.
Hyundai’s whole-time director & chief manufacturing officer, Gopalakrishnan Chathapuram Sivaramakrishnan, put it perfectly, “Our indigenisation aligns seamlessly with India’s ‘Atmanirbhar Bharat’ vision. The launch of the battery-pack assembly plant is not just a milestone; it’s a testament to our commitment to delivering world-class technology made in India.”
Oh, and did we mention that Hyundai’s Creta Electric now boasts locally assembled battery packs? Talk about an electrifying debut!
Why is everyone talking about Chennai? Because Hyundai and Mobis India have launched a state-of-the-art battery-pack assembly plant, complete with an annual capacity of 75,000 packs in phase one. Whether it’s NMC (Nickel-Manganese-Cobalt Oxide) or LFP (Lithium-Iron-Phosphate) batteries, this facility has it all.
Hyundai isn’t just building cars; it’s building them with 100 per cent locally sourced components like alternators, alloy wheels, catalytic converters, and shark fin antennas. Fancy tech like tyre pressure monitoring systems and panoramic sunroofs? Yep, localised too.
The company is also looking ahead with plans to replicate this success at its Talegaon manufacturing plant in Maharashtra. Can we hear a round of applause for the future?
In its localisation journey, Hyundai isn’t just saving forex; it’s creating jobs—1,400 direct employment opportunities, to be exact. The company’s engineering prowess and strategic partnerships are redefining what it means to be ‘Atmanirbhar’.
In a world racing toward electric and sustainable solutions, Hyundai’s efforts are more than just industry milestones—they’re a blueprint for automotive evolution. The localisation strategy isn’t just a business move; it’s a bold statement. And with the Creta Electric leading the charge, Hyundai is proving that Indian manufacturing isn’t just capable; it’s competitive.
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Emami names Dhruv Aggarwal as chief growth officer
Former Bain partner steps in as FMCG firm sharpens growth playbook
MUMBAI: Emami Limited has appointed Dhruv Aggarwal as its chief growth officer, effective 25 March 2026, following the resignation of Giriraj Bagri.
Aggarwal joins the FMCG major from Bain & Company, where he most recently served as partner. With over two decades of experience across consulting and strategy, he brings a global perspective shaped by work across India, the US, the UK and Germany.
During his tenure at Bain, Aggarwal advised consumer, retail and media companies on large-scale transformations, business turnarounds and growth strategies. He was also closely involved with India’s startup ecosystem, guiding early-stage ventures on scaling and digital expansion, while supporting private equity and venture capital firms on investment decisions.
His earlier stints include a brief role at Barclays Capital and operational experience at Jindal Power, giving him a mix of financial and industry exposure.
Academically, Aggarwal holds an MBA from Indian Institute of Management Bangalore and has also been associated with University of Illinois Urbana-Champaign as a PhD candidate and teaching assistant.
The appointment comes at a time when Emami Limited is looking to sharpen its growth strategy in a competitive consumer market. With a seasoned strategist now at the helm of growth, the company appears set to double down on transformation and expansion in the months ahead.
