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Old 19th September 2006, 13:45   #1
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Default Hyundai to setup new engine plant

Hyundai has announced plans to setup a new engine plant in TN near Chennai.
The investment would be to the tune of $700 million(!), this is direct, and overall investment including direct and indirect would come to around $1 billion.
http://news.moneycontrol.com/india/n...article/240810
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Old 19th September 2006, 19:15   #2
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I would bet this plant is a step toward extensive localisation of their CRDI engines, and extended the range to small car powerplants.
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Old 19th September 2006, 20:29   #3
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Hear they are expanding production capacity from 300k to 600k too, with a plan to increase their exports to 50% of production....
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Old 19th September 2006, 20:50   #4
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Quote:
and overall investment including direct and indirect would come to around $1 billion.
Compare this to BMW's miserly investment of 100 crores.
OT:I LOVE CHENNAI!
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Old 19th September 2006, 23:18   #5
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@Steer, not only that, India will become the global hub for hyundai small car production. They expect to rake in a good amount of money from exports!
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