The company which currently has a manufacturing capacity of around 680,000 units per annum, is looking to increase it to around 713,000 units by 2020.
India’s second largest car manufacturer, Hyundai Motors India, has announced plans to invest Rs 6,500 crore in the next few years, towards new models and capacity building.
The company which currently has a manufacturing capacity of around 680,000 units per annum, is looking to increase it to around 713,000 units by 2020. A company spokesperson also confirmed and told Autocar Professional that Hyundai Motor India already has the flexibility to scale up production by around 15,000 units immediately, if needed.
In the ongoing FY2018, the carmaker has produced a total of 630,106 units, a YoY increase of 2.85 percent.
RELATED ARTICLES
SIAM and ACMA laud new foreign trade policy as growth accelerator
India Auto Inc’s apex bodies welcome multiple measures in the new Foreign Trade Policy that will help India to become a ...
Citroen India exports first batch of C3s to ASEAN and Africa
Four weeks after signing an MoU with Kamarajar Port, Citroen India begins exports of its C3 hatchback to ASEAN and Afric...
Hero MotoCorp appoints Niranjan Gupta as CEO
India’s two-wheeler market leader elevates Chief Financial Officer, Head - Strategy and M&A to CEO, effective May 1; Dr....