Hwashin and Seoyon propose ₹1,370-crore investments in Tamil Nadu’s automotive sector

South Korean automotive component manufacturers Hwashin Automotive India and Seoyon E-Hwa Summit Automotive have proposed investments totalling ₹1,370 crore in Tamil Nadu. The proposals include ₹850 crore from Hwashin over five years and ₹520 crore from Seoyon for technology upgrades and business development. The companies have submitted letters of intent to the State government, with formal MoUs expected to be signed at the upcoming Investment Conversion Conclave.

South Korean automotive component manufacturers Hwashin Automotive India Private Limited and Seoyon E-Hwa Summit Automotive India Private Limited have proposed investments worth a combined ₹1,370 crore in Tamil Nadu, following a meeting with State Industries Minister S. Keerthana on November 11, 2026.

Representatives of both companies submitted letters expressing their investment intentions to the State government. Formal memoranda of understanding (MoUs) are expected to be signed during the upcoming Investment Conversion Conclave organised by the Tamilaga Vettri Kazhagam (TVK) government, according to sources.

Both companies supply components to Hyundai Motor India Limited (HMIL) and other major automotive original equipment manufacturers (OEMs).

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