The decision to built the new plant by either Hyundai Motor or its comrade Kia Motor Corp is yet to be decided.
PM Narendra Modi's tour to China has emerged as a positive deal for Indian automobile sector. Hyundai Motor Group, the fifth largest automaker in the world, is considering to establish a third factory in India.
Hyundai's chairman, Chung Mong-koo after its meeting with Prime Minister Narendra Modi, stated that a new factory in India was under examination. The decision to built the new plant by either Hyundai Motor or its comrade Kia Motor Corp is yet to be decided.
The auto group already has various car plant in progress in India. Hyundai which is only second to Maruti Suzuki in India has two factory set up in Chennai, with a collaborate annual capabilities of 680,000 vehicles.
States like Tamil Nadu and Rajasthan are already in an intense competition to grasp in the opportunity of Hyundai's expansion plan, which was delayed for sometime now.
The meeting between Hyundai's chairman Chung Mong-koo and PM Narendra Modi nearly continued for half an hour where Chung gave assurity to develop a new factory in India.
Hyundai's chairman, Chung Mong-koo after its meeting with Prime Minister Narendra Modi, stated that a new factory in India was under examination. The decision to built the new plant by either Hyundai Motor or its comrade Kia Motor Corp is yet to be decided.
The auto group already has various car plant in progress in India. Hyundai which is only second to Maruti Suzuki in India has two factory set up in Chennai, with a collaborate annual capabilities of 680,000 vehicles.
States like Tamil Nadu and Rajasthan are already in an intense competition to grasp in the opportunity of Hyundai's expansion plan, which was delayed for sometime now.
The meeting between Hyundai's chairman Chung Mong-koo and PM Narendra Modi nearly continued for half an hour where Chung gave assurity to develop a new factory in India.
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