Hyundai Motors Plans To Open New Diesel Engine Plant

Hyundai Motors India is mulling a new plant in India and planned to spend Rs 400 crore to build the 1.5-lakh diesel engine plant. The company’s new plant location is not yet finalised.
“While we are channelising more production to India and cutting down exports, the new diesel engines would be fitted into our existing and future cars as local customers are gradually preferring diesel over petrol ,” said HW Park, MD, Hyundai Motor India.
Hyundai Motor is planning for the new plant to meet the growing demand and wait for the final acceptance from the parent company.
“We have witnessed 24% growth in the Indian market even as exports at 2.47 lakh cars were down by 8.5% in 2010 calendar year,” Hyundai’s director (marketing & sales) Arvind Saxena said.
The company will also roll out a new small car below the Santro model from the Chennai plant. “The small car will be the smallest model from Hyundai’s global line-up and India would be one of its lead markets,” Mr. Park said.


Hyundai Motors India To Setup A Diesel Plant In IndiaHyundai Motors India Aims To Sell 6-Lakh Units In 2010Hyundai i10 1.2-Liter Diesel Engine Ready? For Which Market Hyundai?Hyundai Motors To Launch Diesel Santro In 2009New Model Every Year From Hyundai Motors IndiaTags: hyundai motors, hyundai new diesel plant
View the original article here