Malaysia’s Naza Automotive Manufacturing Sdn Bhd plans to invest 950 million ringgit ($259 million) to set up a plant in southern India to assemble Naza and Kia Motors Corp. vehicles. The auto maker has selected a 172-acre (70-ha) site in Sriperumbudur, near Chennai, and may roll out its first small car by late 2007. The Chennai area is home to about 30% of India’s automotive suppliers. Several auto makers have operations there, including Hyundai Motor Co. Ltd., Ford Motor Co. and ...

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