Hyundai to invest Rs 65 bn in developing e-SUV, 8 other products over 3 yrs

The proposed investment of the company, which has so far put Rs 210 billion in India, would be towards developing nine new products over the next three years, according to the HMIL MD & CEO

Korean automobile major Hyundai is planning to invest around Rs 65 billion over the next three years in developing new products, including an electricsports utility vehicle (SUV). The company also plans expand its capacity by 50,000 units at its facility near Chennai through debottlenecking.

Hyundai Motor India Ltd (HMIL) Managing Director & Chief Executive Y K Koo said the proposed investment would be towards developing nine new products over the next three years. The company has so far invested Rs 210 billion in India.

The line-up of the proposed new products includes two facelifts, two new segments and four full