Briefing reporters, Hyundai WIA President & CEO H S Lheem said the new plant could come up either in Tamil Nadu, close to their current facility, or in Andhra Pradesh. Likewise, the company is planning to set up a plant in Brazil which will go on stream soon.
Lheem also announced commencement of company’s first plant near Sriperumbudur in Tamil Nadu, in which it is investing US$4 million. The company plans to open a technical centre each in Chennai and Delhi. It is in discussion with General Motors India to supply transmissions, Lheem added.
Deccan Herald News now on Telegram - Click here to subscribe
Follow us on Facebook | Twitter | Dailymotion | YouTube
Scientists revive 48,500-year-old ‘zombie virus’
Cryptoverse: It's Messi v Ronaldo in fan coin world cup
Why have Man Utd, Liverpool been put up for sale?
Explained | What is wet-leasing of aircraft?
In Pics| Effective ways to ensure good eye health
DH Radio | Chilling truths about the Mehrauli murder...
Prince and Princess of Wales to visit Boston
Decoded: Amur falcons' pit stop in Northeast
Volcano begins to erupt in eastern El Salvador