Economy

Hyundai evinces interest to set up plant in Gujarat

PTI AHMEDABAD | Updated on November 09, 2017 Published on December 28, 2010

Santros made at Hyundai Motor India's plant at Irungattukottai, near Chennai.   -  BusinessLine

India’s second largest carmaker Hyundai Motors has evinced interest in setting up a manufacturing facility in Gujarat, and its officials have visited a site at Dholera near here, which was suggested by the state officials.

“A delegation from Hyundai Motors has visited a site in Dohlera 10 days ago as suggested by our department for their new plant,” a top industry department official said on the condition of anonymity.

“After the site visit they have shown interest in setting up the plant here, but nothing is final yet,” officials said.

The company officials who had visited Dholera will now be submitting its recommendations to the company board. Its board will be taking a final decision in this regard, he said. They might also be exploring options in other states for setting up a manufacturing plant, he further said.

Dholera, is a Special Investment Region (SIR) in the state spread across 80,000 hectares of land and falls near the Delhi—Mumbai Industrial Corridor (DMIC). It is located just 90 kms from the city where the state government has decided to set up second international airport of the state also.

Hyundai Motors had yesterday announced that it will invest Rs 400 crore over the next three years to set up a diesel engine manufacturing plant in India with an installed capacity of 1.5 lakh units per annum. The plant is expected to go on stream by 2013—14. - PTI

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Published on December 28, 2010
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