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Home arrow News arrow Automotive arrow Gujarat a likely choice for Hyundai's third plant in India
Gujarat a likely choice for Hyundai's third plant in India Print E-mail
Written by James   
Monday, 22 November 2010
Bangalore: India's largest passenger car exporter and second largest car maker, Hyundai Motor India,seems to be favoring Gujarat for its third plant in India. A 100% subsidiary of South Korea's Hyundai Motor Company, Hyundai Motor India has two manufacturing plants in Sriperumbudur in Tamil Nadu. The plants have a combined annual capacity of 600,000 units.

The car manufacturer is now scouting for a location for its third plant in India and the Gujarat government is keen to to provide the infrastructure support the company requires.

According to sources Hyundai will require about 500 acres of land to set up the third manufacturing facility and an additional 200 to 300 acres for its vendors.

Although the company is not averse to setting up its third facility in Tamil Nadu  or Andhra Pradesh,despite the challenge of labour issues,having a plant in Gujarat will give the company better access to northern and western India. Additionally, proximity to ports will enhance exports .

Hyundai Motor India could invest upto Rs 4000 crore in setting up this new plant.

The 'Vibrant Gujarat' summit, a biennial global summit aimed at attracting businesses and investors to Gujarat, is scheduled to be held in January in Gandhinagar.

Gujarat Chief Minister Narendra Modi is set to interact with business leaders and captains of the industry this week to showcase opportunities and discuss trade partnership.

 
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