Hyundai Motor to Build R&D Center in India. Check it out:
(Korea Times Via Thomson Dialog NewsEdge) By Kim Yon-se
Hyundai Motor Chairman Chung Mong-koo said the carmaker is willing to build an auto research and development (R&D) center in India.
Chung called for Indian Prime Minister Manmohan Singh to support Hyundai's plan to increase investment in the country, saying the investment will involve the establishment of an R&D center and engine transmission plant.
``The R&D center will upgrade the automobile industry of India,'' he said. ``We will try to become an enterprise which contributes to India's economic growth.''
Singh said the Indian government is aiming to foster the automobile sector as the country's main growth engine. The prime minister also said he wishes for continuous investment by Hyundai Motor.
The carmaker's plant near Chennai boasts some of the most advanced production, quality and testing capabilities in the country. In continuation of its investment in providing the Indian customer global technology, Hyundai is building its second Indian plant, which will produce 300,000 units per annum, raising its total production capacity to 600,000 per year in 2007.
Hyundai has won many awards in India. Recently its Sonata Embera won ``Executive Car of The Year 2006'' award by Business Standard Motoring Magazine and its Tucson has been declared ``SUV of The Year'' by NDTV Profit-Car & Bike awards 2006.
The mid-size sedan Accent won two awards from TNS _ the Accent Petrol-No 1 Entry mid-size car and Accent Diesel-No 1 mid-size diesel car. Hyundai was declared a ``Star Company'' by Business Standard this year.
Click (branded Getz there) got the coveted car of the Year 2005 award by both Business Standard Motoring and the CNBC-TV18 Autocar Auto awards.
Copyright 2006 Korea Times. Source: Financial Times Information Limited.
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