Hyundai Motor, Caparo to make buses in India

Newswire

SEOUL, March 24 (Reuters) - South Korea's Hyundai Motor Co said on Monday it had agreed with UK-based Caparo Group's Indian unit to produce and sell high-end buses in India, targeting the fast-growing commercial vehicle market. India's commercial vehicle market stood at 290,000 units last year, including 5,000 premium buses. Hyundai, which said in February it was talking to Indian firms for a possible venture for commercial vehicles, expected the market for "luxury" buses, to be mainly ...

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