Scales investments in India Rs 7K QC, the sharp increase market share in the small car segment.

Carmarker south-7000 Rs His crore Phase II, investments stood at Rs 4000 crore in the second car in the factory Irungattukottai, about 50 km west of Chennai.

The facility is double the production capacity of the company lach 6 cars per year, and its operations in India as a global hub for the production of small cars Hyundai.

The second plant, which has been developed, alongside the first plant was signed on Saturday by the Chief Minister of Tamil Nadu, in the presence of M Karunanidhi of Hyundai Motor Company, Chairman and Chief Executive Officer of Chung Mong-Koo and RC-Panda, Secretary, Union Ministry of Heavy Industries and Public Enterprises.

Capacity Ramp-up Hyundai lach of 1.3 cars per year in 1998 to 6 lach cars per year during the year 2008 is considered a record growth for all carmakers in India.

The second facility was 19 months.

Phase II, the expansion will also see Hyundai’s suppliers pumping stations and the investment of about 562 million dollars (about Rs 2,500 crore) to support the capacity of Hyundai’s expansion. During Phase I, Hyundai has invested $ 733 million and suppliers invested more than $ 226 million.

As regards the future, for a cumulative total investments in trials phase I and II, would be in the amount of $ 2.5 billion.

Out of a total of the obligation to invest Rs 4000-3000 crore has been invested so far in the second car placement, which is the new offering “i10″ First of all, both for the domestic market and the export, but it can Roll-out, other models, whenever necessary.