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Hyundai Motor India Limited's board has given the green light to an investment of approximately ā‚¹694 crore for setting up and managing a tooling center in India. This facility is expected to enhance the company's manufacturing capabilities by localizing tooling operations, which are essential for vehicle production. The investment aligns with Hyundaiā€™s strategy to strengthen its presence in the Indian market while optimizing production efficiency and reducing dependency on imported tooling equipment. This initiative is also likely to contribute to the growth of the local automotive ecosystem by creating employment opportunities and fostering technological advancements.

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