Hyundai Motors India to invest Rs 6,500 crore in new models and capacity

by Autocar Pro News Desk , 16 Mar 2018


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. 

Also read: Hyundai confirms Kona Electric launch in India


 

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