Hyundai to invest $1 bn in India over 7 yrs

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New Delhi, Feb 3, 2008 : Strengthening its bid to make India its global small car hub, Korean car major Hyundai Motor on February 02 said that it would invest $1 billion by 2013, to beef up operations in the country.

The company today commissioned its second plant set up at a total investment of $528 million or Rs 2,429 crore. The plant would have a capacity of 3 lakh units and would be utilised mainly for producing the hatchback model i10.

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