Go Back   Team-BHP > BHP India > The Indian Car Scene

Thread Tools Search this Thread
Old 11th February 2008, 08:00   #1
Senior - BHPian
snaronikar's Avatar
Join Date: Jun 2007
Location: Bengaluru
Posts: 2,845
Thanked: 24 Times
Default Ex-Hyundai Chief BVR Subbu to make cars, comm vehicles and atuo cmponents.

This was in today's TOI. Don't know whether this has been discussed here. But just thought of sharing this.

MR.BVR Subbu will make auto components, commercial vehicles and cars. The below is the news snapshot frm TOI.

@ Mods: If this has been discussed earlier, pls merge this thread with the same.

Ex-Hyundai chief to make cars

Pankaj Doval | TNN

New Delhi: BVR Subbu, former president of Hyundai Motors India, who took over the defunct Surajpur plant of Daewoo Motors as part of a consortium, is all set to kickstart operations. And he is looking at not only component manufacturing but also at contract and joint manufacturing of commercial vehicles and cars.
Subbu, director of Argentum Motors that holds the right for manufacturing operations of the Daewoo plant, said the revival of the facility was nearing completion and it would begin churning out components by the start of the nest financial year (2007-08). “It is among the biggest engine transmission plant in India, behind only Maruti and Hyundai and considering its potential, we are getting a lot of interest from original equipment manufacturers (OEMs) across the world,” Subbu, told TOI.
Argentum, where Ajai Singh of Spicejet is the other promoter, completed the buyout of the Daewoo plant late last year for about Rs 800 crore and has attracted private equity investment from a clutch of investors, including IL&FS, South Africa’s Satwa and hedge fund DE Shaw.
Subbu said about Rs 120 crore was being pumped in for the revival of the plant. “We have a capacity of manufacturing 4 lakh engines as well as 2 lakh car bodies at the press shop,” Subbu said, reiterating that he was receiving inquiries from an array of auto makers for components as well as joint or contract manufacturing.
snaronikar is offline   Reply With Quote
Old 11th February 2008, 08:43   #2
Senior - BHPian
jkdas's Avatar
Join Date: Sep 2005
Location: Thiruvananthapu
Posts: 9,683
Thanked: 1,449 Times

Isnt this and old news? Wasnt he gonna but that old plant which belong to Daewoo or so?
jkdas is offline   Reply With Quote
Old 11th February 2008, 08:47   #3
Team-BHP Support
Join Date: Feb 2004
Location: Bangalore
Posts: 12,809
Thanked: 13,626 Times

It is a good move, like in South Africa and Malaysia

The car companies want to sell cars but not invest in facilities.

Peugeot, Hyundai and Kia do this in Malaysia. Cycle and Carriage assemble Mercs, Sime Darby Assemble BMW's

Fiat were assembled by Nissan, Honda by Mercedes (in the 1980's), Mitsubishi's by someone else if I recall in South Africa ..and so on
ajmat is offline   Reply With Quote
Old 11th February 2008, 10:20   #4
Team-BHP Support
theMAG's Avatar
Join Date: May 2006
Location: Avon, CT
Posts: 7,161
Thanked: 1,684 Times

Here's a superset of this topic : http://www.team-bhp.com/forum/indian...rs-2009-a.html
theMAG is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Hyundai hires BMW M Performance chief engineer Tushar The International Automotive Scene 26 7th July 2017 07:00
BVR Subbu, ex-Hyundai India president is now Sonalika director Aditya The Indian Car Scene 5 7th January 2016 15:47
BVR Subbu resigns from HYUNDAI? JOINS FIAT! hasopi The Indian Car Scene 23 20th January 2009 10:31
B V R Subbu resigns from Hyundai! finneyp The Indian Car Scene 19 28th March 2006 10:40

All times are GMT +5.5. The time now is 08:49.

Copyright ©2000 - 2019, Team-BHP.com
Proudly powered by E2E Networks