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South Korean auto major Hyundai Motor Co is making its most ambitious move yet in India, committing an investment of Rs 45,000 crore by FY2030 to turn the country into its second-largest market globally, next only to the US. The announcement, which was made at Hyundai Motor India's (HMIL) first-ever Investor Day in Mumbai on Wednesday, comes alongside another major decision, which is that for the first time since its India entry in the mid-1990s, the company will be led by an Indian managing dir ...Read More >
Pune: Hyundai Motor will invest Rs 45,000 crore to expand its manufacturing and research operations to make the world's third-largest car market at the heart of its growth strategy, its President & CEO Jose Munoz said on Wednesday. He told reporters that this investment will help South Korean automaker to increase its annual production by about a third to 1.1 million vehicles by 2030 in India, introduce 26 cars, including its first hybrid vehicle and launch its luxury car brand Genesis in the I ...Read More >
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