Two South Korean automotive component manufacturers, Hwashin Automotive India and Seoyon E-Hwa Summit Automotive India, have announced plans to invest a combined INR 1,370 crore in Tamil Nadu over the next five years, according to a report by Business Standard.
This follows recent reports suggesting that suppliers to major OEMs were shifting proposed manufacturing investments from Tamil Nadu to Andhra Pradesh. In formal letters dated November 11, 2026, both Hwashin and Seoyon affirmed their intentions to expand operations within Tamil Nadu.
Hwashin, which currently operates at SIPCOT Irungattukottai, will invest approximately Rs 850 crore over the next five years to support research and development, advanced manufacturing technologies, localization, and capacity expansion.
Seoyon E-Hwa Summit Automotive outlined an investment plan of Rs 520 crore spanning from 2027 to 2031, targeting technological advancement, facility modernization, and new business opportunities.