Hyundai Motor Co Indian arm said it had signed a term sheet to buy the General Motors Co plant. (file)
Bengaluru:
The Indian arm of Hyundai Motor Co on Monday said it has signed a term sheet to buy General Motors Co’s plant in the western state of Maharashtra.
Hyundai said in a statement that the term sheet covers the proposed acquisition of land and buildings, certain machinery and equipment for manufacturing at the plant.
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