Hyundai Considers Third India Car Plant After Modi’s Seoul Visit
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Hyundai Motor Co. said it is considering building a third auto plant in India after Prime Minister Narendra Modi visited South Korea to pitch for foreign investment as part of his push to encourage local production.
Chairman Chung Mong Koo is reviewing adding a new plant after a meeting with Modi in Seoul on Tuesday, the company said in an e-mail. Hyundai declined to give reasons for considering the expansion and said details, including capacity and timing, have not yet been decided.