No new unit for 2 yrs: Hyundai

Hyundai Motors, the country's second largest car maker, said on Wednesday it would re-route export production to the Indian market and thereby reduce the need to commit heavy investment to a new plant.

The Korean brand has two factories near Chennai, with a combined capacity of 700,000 units a year. It is operating these at full capacity, shows the production data for July. Y K Koo, managing director, Hyundai Motor India, said: “We can manage production from the Chennai plant(s) for the next two to three years. We have a flexible production line, which caters to both domestic and export volumes.”