Corporate

Hyundai to invest $40 mn for setting up R&D centre

The country"s second-largest car maker Hyundai Motor India today said it would invest $40 million for setting up an R&D centre in India next year. - Toyota in talks with vendors to reduce investment on mini car - Hyundai plans to increase i20 export by 53% - Hyundai to introduce Santa Fe next yr, 800cc car by 2011 - Maruti Suzuki aims over 10% jump in FY10 sales - Fiat India secures Rs 2,500 cr funds - Car makers betting on premium hatchback to drive growth The company would also recruit up to 1,000 engineers for the new centre. "We are investing $40 million for the R&D centre which will be opened in Hyderabad next year and we will recruit 800-1,000 engineers for the centre," Hyundai Motor India Managing Director H S Lheem told during the SIAM Annual Convention here. He said the research and development centre would be used for computer analysis and design of new vehicles. But there is no plan for actual testing, Lheem added.

compare payday loans commented:

$40 mn is invested y Hyundai for setting up R&D centre. It will take the research to a higher level

24.11.2011


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