labels: hyundai motor india, commercial vehicles
Hyundai to set up sub 1-tonne truck plant near Pune news
05 March 2007

Hyundai Motor Co. is mulling an entry in to the light commercial vehicle segment in India with a plant at Chakan on the outskirts of Pune that will initially build one-tonne trucks.

The plant site is spread over 700 acres of land near Pune, where a powertrain facility to build engines and gearboxes will also be located.

Hyundai, which ranks second by volume in the Indian passenger car segment, behind Maruti Udyog and ahead of Tata Motors, is setting up its second car plant in Chennai to double its capacity to 600,000 units by end-2007.

It is also building an engine and transmission plant at Chennai with a capacity of at least 400,000 units.

The Indian market for trucks and buses, has been dominated by Tata Motors Ltd, followed by Ashok Leyland Ltd, Eicher Motors and Mahindra & Mahindra Ltd, which has a joint venture with Navistar International for truck and buses.

Force Motors Ltd, the erstwhile Bajaj Tempo, has a collaboration agreement with Germany''s MAN AG.

 


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Hyundai to set up sub 1-tonne truck plant near Pune