Hyundai Motor India Limited on Thursday announced investments of $300 million in a flexible engine plant and a new press shop, apart from ongoing investments in new models. The Press and Engine shop will come up at the existing location at Sriperumbudur in Chennai.
The company is all set to sign an MoU with the Government of Tamil Nadu on November 5.
This investment will offer customers more diesel options across segments and create direct employment opportunity for 500 persons. The proposed engine plant and other facilities will be set up within the premises of HMIL at Irungattukkottai in Chennai.
Published 01 November 2012, 16:36 IST