Hyundai Motor Executive Vice President Kim Un-soo, left, shakes hands with Asifhusen Khatri, vice president at General Motors, after signing a deal to acquire the U.S. automaker's plant in India on Wednesday. [HYUNDAI MOTOR] Hyundai Motor is acquiring a General Motors automobile plant in Talegaon, India, as the Korean automaker eyes the South Asian country as a new manufacturing base to replace China. Hyundai Motor said Wednesday its Indian subsidiary signed a legally-binding asset purchase agreement with General Motors India to acquire its manufacturing facility in Talegaon, located in the western state of Maharashtra, which covers the plant itself and certain machinery and manufacturing equipment there.

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