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Industry: Email Alert RSS FeedHyundai increases Indian capacity - International Trends - Hyundai Motor Co. plant expansion in India - Brief Article
Automotive Industries, April, 2002 by Andrea Wielgat
Spurred by a jump in local demand, Hyundai Motor Co. Ltd. says it will invest $80 million to increase capacity at its plant in India. Capacity will rise from 120,000 vehicles a year to 150,000 vehicles a year by March 2003. Hyundai has said it expects its Indian sales to increase 10 percent to 12 percent during 2002.
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The automaker has invested about $814 million in the plant since it opened in 1998.
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