[TusharK]

Mr. YK Koo, Managing Director, Hyundai Motor India has told the media that the company will be investing Rs. 6,500 crore to expand the capacity of its Indian operations by 50,000 units. Hyundai will also launch 9 new models over the next 3 years. These will include the Kona electric SUV and other new models as well as facelifts.



Hyundai's production increased from 6.65 lakh units in 2016 to 6.78 lakh units the following year. The company aims to sell 7 lakh units in 2018 and 7.5 lakh units in 2019. At present, the carmaker hasn't got any plans for a new production facility. However, if required, the company would decide on it after 2020.

It has also been reported that Hyundai is planning to make changes to its manufacturing process to save time and increase output. The company plans to get assembled items from vendors instead of individual components.

Source: ET Auto

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[GTO]

Classic case of the big getting bigger, and the small getting smaller. Hyundai wants to invest $1 billion at the same time that players like VW, Nissan, Skoda etc. can't even dream of half that amount.

Also a classic case of what came first - the chicken or the egg? Without investments into new models, sales won't come. But for the MNCs, unless they have sales to show to the headquarters, investments won't come.

Wish things were more balanced in our market as 2 companies controlling 70% of India makes things difficult for other manufacturers, but then, that is the beauty of a free market. Whoever dominates has fought hard for it.

[TusharK]

According to a media report, Hyundai is planning to invest Rs. 7,000 crore in India. It will be used to expand its facility and increase production capacity as well as launch new models and powertrains. Hyundai and the Tamil Nadu government are expected to sign a Memorandum of Understanding (MoU) in January 2019.



It has been reported that the fresh round of investment would allow Hyundai to increase the annual production capacity at its manufacturing plants in Sriperumbudur near Chennai from 7 lakh to 8 lakh units. The expansion is expected to create about 700 additional jobs.

The investment will also be used to expand its product line up. The carmaker is set to launch its first electric vehicle (EV) in the form of the Kona SUV sometime next year. A Carlino concept-based compact SUV is also in the works along with the next-generation Grand i10.

Source: NDTV

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[Venkatesh]

Hyundai Motor India invested Rs. 3500 Crore in Tamil Nadu in FY2020. The investment was made at Hyundai's facilities in Tamil Nadu was part of the Rs. 7000 crore funding announced in 2019. The investment was used for capacity expansion, transition to BS6 regulations and the launch of new offerings.

Hyundai India registered an 8% drop in output in FY2020 and managed to hold on to a turnover of $5.9 billion or about Rs. 44,000 crore, which was supported by a shift towards higher priced premium offerings.

https://www.carandbike.com/news/hyun...report-2324886