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Modi woos Hyundai Chairman to expand operations in India

By Swati Sanyal Tarafdar,

Added 20 May 2015

They discussed mutual cooperation between Korea-India auto industry; Hyundai concedes to expand in construction and railways to aid mutual economic development


In the construction business alone, Hyundai Motor Group has successfully secured business in bridges, harbors, and power plants. Hyundai Motor Group is aiming to expand its business as the Indian government is actively investing in infrastructure projects.

In the auto component business, Hyundai Motor is helping its business partners in its expansion into the Indian market. Currently, 71 component suppliers including 42 1st tier suppliers have expanded into the Indian market along with the Hyundai Motor and continuing its growth in the market.

Modi later said "It is a great pleasure to meet with Chairman Chung. Hyundai Motor plays a key role in India's auto industry. India will actively seek possible ways to continue its cooperation with Hyundai Motor. I hope Hyundai Motor will become a leading global company through its success in India."

As the auto industry output continues to increase Hyundai Motor will support its component suppliers to attain business with other global auto companies in India.

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