Automobile - Industry – Focus


Custom Search

Hyundai Motors

Hyundai Motor to set up engine plant in Sriperumpudur

Hyundai Motor is planning to set up USD 300 million in Sriperumpudur plant near Chennai to set up a engine manufacturing unit. The company has signed an MoU with the state government of Tamil Nadu for the project. Apart from diesel engine plant it will also set up a press shop for its new upcoming models.

Hyundai plans local production of Santa Fe

Project Location : Sriperumpudur, Tamil Nadu
Project Capacity :

Hyundai plans local production of Santa Fe, considering the huge price difference in the SUV segment from Ford Endeavour/Toyota Fortuner etc., Hyundai introduced the model in early 2010 and has to close bookings in the mid year. Local assembly will help to reduce cost from 60% import duty for CBU units compared to 10% for CKD kits. Currently, the car Santa Fe is undergoing homologation duties at ARAI in Pune. The company hopes to sell 600-800 units of Santa Fe in 2011.

Custom Search

Copyright © 2013 Ibis Research Information Services Pvt Ltd. All Rights Reserved.
Contact : Ibis Research Information Services Pvt Ltd., 28, Rajaji Street, NGO Colony
Guduvancherry, Chennai -603 202   Mobile : 0-97898-37940 email : Privacy Policy