Hyundai Motor submits PFR to take up modernisation of Tamil Nadu plant at a cost of Rs 1,500 crore
Hyundai Motor India, the subsidiary of Korean auto major Hyundai, has submitted the pre-feasibility report to take up revamping and modernisation of its facility in Tamil Nadu at an outlay of Rs 1,500 crore. The expansion at the existing facility at Irungattukottai near here would create an additional 155 new jobs and the plant size would be increased to 7.21 lakh sq metre from the current 5.40 lakh sq metre.
Hyundai Motor India has planned to expand the factory by adding additional 1.81 lakh sq metres of land at the factory.
According to the company, it has proposed to take up revamping and modernisation of its existing manufacturing facility at Irungattukottai, Kancheepuram district in Tamil Nadu,
As per the Pre-Feasibility Report submitted by the automaker on Thursday, the manufacturing facility is spread across an area of 538 acres and has the capacity to produce 8.50 lakh cars per annum.
«Hyundai Motor India as per the proposed revamping and modernisation plan, the built-up area would grow from the current 5.40 lakh sq metre to 7.21 lakh sq metre without altering the production capacity,» the report said.
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