Hyundai may pick Gujarat for its new plant
The South Korean Ambassador, Kim Joong Keun during his three day visit to the country had apparently met Gujarat Chief Minister, Narendra Modi to discuss the Hyundai India's plans of setting up a new manufacturing plant in the industry-friendly state of Gujarat. He said that the South Korean auto giant might decide to set up a new plant in Gujarat if they are able to produce the appropriate plan and blueprint that works well for both the parties. After the recent success of Hyundai EON in India, the company’s sales are booming and new plans are cropping up for the car maker.
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To meet the growing demands for Hyundai cars in India especially EON, it is quite necessary for Hyundai India to move into the right direction and expand the facilities. He further said that the Gujarat Government is offering attractive incentives to the auto major to facilitate the establishment of the plant. Keun seemed to share a positive view on the subject saying that there is no apparent reason, stopping the Korean manufacturer from making their entry into Gujarat if the state offers the productive environment for setting up the new facility. He held discussions with 20 industrialists from Ahmedabad on Friday to understand the suitability of the place for the proposed project.
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Hyundai Motors presently has two plants in India, one in Chennai and the other in New Delhi, with the production capacity of 6 lakh cars. According to him, the company is using the full capacity to meet the demand in the country. However, the company is looking to expand its business for which setting up a new plant is essential. Gujarat is on the verge of becoming the new automobile hub of the country with many car makers making their debut in the state. With Tata Motors, Ford India and very recently Peugeot Citroen had set up their respective manufacturing plants in the state. Mauti India has also confirmed their plans to have their new manufacturing plant set up in Gujarat.
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