Hyundai is reported to be investing a massive sum of around Rs. 65 billion over the course of next years. The second best-selling automaker in the country is planning to introduce brand new vehicles including an electrified SUV. The state-of-the-art manufacturing facility near Chennai will see increase in its capacity as the proposed expansion will make room for producing 50,000 units in addition as early as next year.
It will be done through debottlenecking and increasing hourly output. Currently, 58 units are produced per hour at an increase of 13 units from previous times. Over the course of next three years, nine new products will be developed and the proposed investment will top off the Rs. 210 billion the South Korean company has cashed in already in India.
Also Read: Hyundai Kona Electric SUV India Launch In Mid-2019; To Be Priced Rs. 25 Lakh
The Creta facelift is expected to be launched in the coming months (most likely in May) with an updated exterior and improvements inside the cabin. However, the biggest impact of them all could be made by the upcoming electric SUV. More likely to be launched next year, the electrified Kona will be imported into the country via CKD route along with charging kits.
Also Read: Upcoming Hyundai Creta Facelift’s Likely India Launch In Mid-2018
Source: BusinessStandard
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