Amid reports of Korean firms shifting to A.P., Hwashin and Seoyon commit ₹1,370-crore investments in T.N.

CHENNAI Two South Korean automotive component manufacturers, Seoyon E-Hwa Summit Automotive India Private Limited and Hwashin Automotive India Private Limited, met Tamil Nadu Industries Minister S. Keerthana on Wednesday (November 11, 2026), and expressed interest in investing in the State. https://www.thehindu.com/news/national/tamil-nadu/ Officials from both companies have submitted letters expressing their intent to invest in the State, and a formal MoU is expected to be signed at the upcoming Investment Conversion Conclave of the TVK government, sources said.

Both the companies are key suppliers to Hyundai Motor India Limited (HMIL) and other leading automotive OEMs. Tamil Nadu parties spar over South Korean firm’s investment plan in A.P. Tamil Nadu parties spar over South Korean firm’s investment plan in A.P.

The BJP and the ruling DMK got into a verbal exchange on social media over a South Korean company announcing its plans to invest in A.P.