Hyundai Motors to sign MoU worth Rs 7,000 Cr with TN Govt

: Automobile major Hyundai Motor India Limited (HMIL) would sign a MoU with the Tamil Nadu government in January 2019 to take up Rs 7,000 crore expansion work at its facility here, a top official said Monday.

The management of Hyundai Motor India, led by its Managing Director and CEO, Y K Koo, vice-president (corporate affairs), B C Datta, assistant vice-president (Finance) N Ramesh called on Chief Minister K Palaniswami at the Secretariat and had a brief interaction with him.

Later, talking to reporters, Datta said the chief minister had assured them that the government would conisder their request for providing them tax incentives for the expansion work