Automotive investments in India is growing rapidly, especially with the many needs of the community for diesel engines. Hyundai, the second largest automaker in the country, disburse funds invest 300 million U.S. dollars. The plan funds for the development of the diesel engine factory area and pressing their mental workshop.
Hyundai saw untapped market share up in diesel engine market. Diesel engines are quite popular in India because these fuels are subsidized by the government of India so much cheaper.
Bo Seo Shin, Managing Director, Hyundai Motor India said, with the extent of this diesel engine assembly plant will further accelerate the production and shorten the pivot for Hyundai customers in India. The plan will be signed a memorandum of understanding with the local party on November 5. Expected this to be a deal that benefits both parties. Hyundai factory in India located in Chennai, Indias industry in the Southeast.
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