Hyundai is in the process of scouting for a location to set up its manufacturing facility, preferably, in the north or western region of India. According to our sister publication Autocar Professional, Hyundai officials are currently in talks with the state government of Rajasthan.
Three sources, aware of the development, have confirmed that Hyundai is in touch with officials at the Bureau of Investment Promotion (BIP) of Rajasthan, an agency in charge of investment promotion and single window clearances. BIP plays a significant role in developing investment policies for states, and supports investors that are exploring investment opportunities there. According to BIP, Rajasthan, they provide services, which are focused on investments above Rs 10 crore in the state.
Talking to Autocar Professional, a source said, “Hyundai’s preference for any location other than South India is logical as it would try to set up its second manufacturing facility in either the northern (Rajasthan / Delhi NCR) or western regions (Gujarat) to gain from better, timely deliveries of its cars across the country. While a delegation from Hyundai Motor India had earlier taken a close look of various sites in Gujarat, they are now scanning the possible locations in Rajasthan.”