HMIL Plans To Invest Rs 400 Crores

India’s leading automobile major Hyundai Motor India Limited (HMIL) is planning to invest Rs 400 Crores in order to make India global hub for the small cars. The company has already invested Rs 3000 Crores for the expansion of the program and it will invest the balance over the next couple of years.

The company has started of its operations by breaking ground for its first plant near Chennai on December 10, 1996. It had invested Rs 2,932 Crores during first phase.