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Hyundai Motor Co's Hyundai Motor India Ltd To Set Up Engine Plant Near Chennai-Business Line

Thursday, 1 Nov 2012 03:30pm EDT 

Business Line reported that Hyundai Motor Co's Hyundai Motor India Ltd announced an investment of $300 million (approximately INR1,500 crore) in a flexible engine plant and a new press shop, apart from ongoing investments in new models. A press release from the Company says the press and engine shop will come up at the existing location at Sriperumbudur, near Chennai. The Company is all set to sign a memorandum of understanding with the Tamil Nadu Government on November 5 to this effect. 

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30 Apr 2012