# Three South Korean auto suppliers commit ₹1,614 crore to Andhra Pradesh plants

Andhra Pradesh signed MOUs with Hwashin, Seoyon and Iwamet for automotive component manufacturing facilities in Anantapur district, with combined investment commitments of ₹1,614 crore and expected 1,418 jobs.

- Type: Investment
- Announced: 2026-11-02
- Where: Anantapur district, Andhra Pradesh, India
- Value: $193.0M (16.1B INR)
- Jobs: 1,418
- Status: announced
- Products: four-wheeler components, automobile interior and exterior components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hwashin](https://endata.com/companies/10830.md) (investor)
- [Seoyon](https://endata.com/companies/15181.md) (investor)
- [Iwamet](https://endata.com/companies/15182.md) (investor)

## Sources

- [deccanfounders.com](https://deccanfounders.com/2026/02/news/andhra-pradesh-secures-1614-crore-investment-commitments-from-three-south-korean-auto-suppliers/), 2026-11-02: "Andhra Pradesh has signed memorandums of understanding with three South Korean automotive component manufacturers, Hwashin, Seoyon and Iwamet, for proposed manufacturing facilities in Anantapur district."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.