Hyundai Motor on Wednesday sought New Delhi's support to make India an export hub for small cars, while expressing interest to bid for a $500 million Delhi Metro contract for supply rolling stock.
Hyundai Chairman and CEO Chung Mong Koo, who called on Indian leaders, including President A P J Abdul Kalam and Prime Minister Manmohan Singh, shared his company's investment plans for India, where it already has a car manufacturing facility.
"HMI will continue to be a responsible corporate citizen, creating additional employment in Tamil Nadu, contributing to the economy not only of the state but the Indian economy too," he was quoted as saying in a company statement.
As part of its global expansion strategy, HMI is setting-up a second car manufacturing plant with a three lakh capacity thereby doubling its production.
In addition to this, HMI will set up an engine and transmission plant and a R&D centre in India, it added.
The setting up of the second plant and establishing the new R&D centre will increase the production as well as sales of Hyundai Motor India and change the face of the company in India making it now a comprehensive automotive manufacturer, Koo said.
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