Hyundai's Chennai plant to build 80,000 Verna sedans a year for export mkts

Following S Korea, China, and Russia, India would be the fourth production hub for Next Gen Verna

At a time when manufacturers are reportedly cutting production, Korean auto major Hyundai has said it would make India a hub for its Verna sedan for the global market. The company has invested around Rs 1,040 crore in the fifth-generation Verna.

Hyundai Motor India Limited (HMIL) MD and CEO Y K Koo told the media that the Next Gen Verna was a major product for export, which would contribute more than the domestic market. The company's facility at Chennai would be a production hub for vehicles meant for the global market. Till now, Hyundai's Korean facility was catering to global markets