Hyundai to invest $500 mln in Indian engine plant

Newswire

NEW DELHI, Sept 25 (Reuters) - The Indian unit of South Korea's top car maker Hyundai Motor Co. on Monday said it was investing $500 million in a new engine plant in the southern city of Chennai. The 400,000-unit capacity plant would be ready in 2 years, Hyundai Motor India Ltd.'s Managing Director and CEO Lheem Heung-Soo told Reuters.

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