Hyundai

·         On February 2, 2008 Hyundai Motor Chairman and CEO Mong-Koo Chung inaugurated its second plant at Sriperumbudur, set up with a total investment of $528 million (Rs 2,429 crore); Korean car major shared plans to invest $1 billion in India by 2013

·         It is also investing $263 million on a new engine and transmission plant with a capacity of 3 lakh units a year, besides investing $40 million on a research and development centre at Hyderabad.

·         With the commissioning of this plant, Hyundai Motor India is capable of producing 600,000 units per year, doubling its present capacity of 300,000 units per annum.

·         The new plant will be dedicated largely to the production of the company’s latest offering — the i10.

·         Hyundai Motor India's export destinations are expected to increase from 73 to 90 countries by the end of 2008.