Release Date: 29 December 2006
Release ID: 1690
Expansion plans of Hyundai with ancillary units of Korea are expected to bring in a Foreign Direct Investment (FDI) of about US$ 1.4 Billion.
Hyundai will most likely bring in FDI (Foreign Direct Investment) of approximately US$ 1.4 Billion by the joint expansion plans of Hyundai Motor India and investments by the ancillary units of Korea. Hyundai is planning to make additional investments of about US$ 831 Million, which will comprise of expenses on second manufacturing plant, engine & transmission facility, R&D facility.
Hyundai plans to invest about US$ 500 Million in India by the year 2008 for overtaking Japanís Suzuki, which is the largest overseas carmaker in India. Hyundai has emerged as second largest vehicle manufacturer in the lucrative market in Southwest Asia. The automotive giant has declared its plans to increase its production capacity to 6 lack units (from 3 lack units) a year. With the second automobile plant, about 70% of total 535 acres assigned to the economy by the govt. of Tamil Nadu will stand utilized.
As per a Research Analystís view at RNCOS, who has recently researched a report on ďAsian Automotive Industry (2007)Ē, Indian automobile industry is currently ranked amongst top Asian countries. With growing FDI in this sector, itís expected that Indian automotive industry will expand at a fast pace in years to come.
About the Report
The report provides objective analysis on Asian Automotive industry to explore the potential opportunities and challenges faced by the industry. It addresses some interesting issues for todayís Global business environment, such as:
- Performance of Automotive Industry of major Asian countries.
- Opportunities for the automobile players in Asian automotive industry.
- Who are the major competitors in Global Passenger car industry?
- Get an insight into the trends in market performance.
- Pinpoint sectors of growth and identify the driving factors.
- Key challenges and strategies.
- Identify market, brand leaders and understand the competitive environment.
- Major driving forces for Asian automotive industry.
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