Hyundai Motor India expects its diesel plant, likely to be set up near Chennai, to commence operations by the end of next year. The new plant, which will have an initial capacity of 50,000 units, will help the company meet the demand of its diesel models such as the newly launched i-20 and Verna. "Till now we were importing diesel engines. Our diesel plant should be operational by the end of next year," said H.S. Lheem, Managing Director and CEO of Hyundai Motor India Ltd, at the sidelines of the launch of a diesel variant of its premium compact car i20.
He did not comment on the investments that will go into the setting up of the new plant. The cost of importing an engine is about 25 per cent of the total cost of the car. The company's strategy to set up a diesel engine plant and localise parts will help lower costs as it intends to increase the sale of its diesel models. mage: The Managing Director of Hyundai Motor India, H.S. Lheem (left); the President of Hyundai Motor India, Ashok Jha (centre); and the Senior Vice-President, Marketing and Sales, Arvind Saxena, pose with the Hyundai 'i20' Diesel during its launch in New Delhi on July 7.
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