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Hyundai Expansion Plan likely to bring in about US$ 1.4 Billion FDI to India
May 03, 2007

Hyundai will most likely bring in FDI (Foreign Direct Investment) of approximately US$ 1.4 Billion by the joint expansion plans of Hyundai Motor India.

Hyundai will most likely bring in FDI (Foreign Direct Investment) of approximately US$ 1.4 Billion by the joint expansion plans of Hyundai Motor India and investments by the ancillary units of Korea. Hyundai is planning to make additional investments of about US$ 831 Million, which will comprise of expenses on second manufacturing plant, engine & transmission facility, R&D facility.

Hyundai plans to invest about US$ 500 Million in India by the year 2008 for overtaking Japan's Suzuki, which is the largest overseas carmaker in India. Hyundai has emerged as second largest vehicle manufacturer in the lucrative market in Southwest Asia. The automotive giant has declared its plans to increase its production capacity to 6 lack units (from 3 lack units) a year. With the second automobile plant, about 70% of total 535 acres assigned to the economy by the govt. of Tamil Nadu will stand utilized.

As per a Research Analyst's view at RNCOS, who has recently researched a report on "
Asian Automotive Industry (2007)", Indian automobile industry is currently ranked amongst top Asian countries. With growing FDI in this sector, it's expected that Indian automotive industry will expand at a fast pace in years to come.

Related Market Research Reports:
Indian Automobile Sector - A Booming Market
Global Hybrid Car Market Forecast to 2010
Slovakia Automobile Sector Analysis