Hyundai to setup new engine plant

tsk1979 · 19th September 2006, 13:45

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

GTO · 19th September 2006, 19:15

I would bet this plant is a step toward extensive localisation of their CRDI engines, and extended the range to small car powerplants.

Steeroid · 19th September 2006, 20:29

Hear they are expanding production capacity from 300k to 600k too, with a plan to increase their exports to 50% of production....

nitrous · 19th September 2006, 20:50

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!

tsk1979 · 19th September 2006, 23:18

@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!

19th September 2006, 13:45	#1
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	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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19th September 2006, 19:15	#2
GTO Team-BHP Support Join Date: Feb 2004 Location: Bombay Posts: 70,546 Thanked: 300,769 Times View My Garage	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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19th September 2006, 20:29	#3
Steeroid Senior - BHPian Join Date: Mar 2005 Location: N.A Posts: 7,046 Thanked: 2,751 Times	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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19th September 2006, 23:18	#5
tsk1979 Team-BHP Support Join Date: Feb 2005 Location: San Jose, CA Posts: 23,717 Thanked: 22,825 Times View My Garage	@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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