UPDATE 1-Hyundai to invest $500 mln in Indian engine plant

Newswire

(Adds details, quotes) NEW DELHI, Sept 25 (Reuters) - The Indian unit of South Korea's top car maker Hyundai Motor Co. will invest $500 million in a new engine and transmission plant in the southern city of Chennai, a senior official said on Monday. The plant is expected to open in two years, with a capacity of at least 400,000 units, Hyundai Motor India Ltd.'s managing director and CEO, Lheem Heung-Soo, told reporters. About $237 million of the investment would come from Hyundai's ...

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