South Korea’s Hyundai Motor Co signed a five-year agreement with London-based Caparo Group’s Indian unit to produce and sell high-end buses in India, marking its entry into the country’s rapidly growing market for premium buses.
Under the agreement, Hyundai will provide parts and production technology for Aero buses, Caparo India will build a plant in Chennai, near Hyundai’s plant ,with a capacity to produce 1,500 units per year.
Production is expected to begin in early 2009.
Like ThePicky, follow us on Twitter, or get daily updates via email.
Related entries:- Hyundai to invest $1 bn in India
- Sikorsky, Tata Advanced Systems To Make S-92 Helicopter Cabins In India
- Tata Motors to make parts for Boeing 787 Dreamliner
- Top 10 Engineering Colleges in India : ‘India Today’ Survey
- Lenovo to open plants in Mexico and India
- Why auto makers are chasing small car segments in India ?
- India Australia Cricket Score : India wins
- Software services contributes 4.5% of India’s GDP
- India’s economy growth 9.3 %
- India Post enters into Foreign Exchange market
