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Hyundai enters Gurugram, Maruti’s turf, with Rs 2,000 cr investment plan, Auto News, ET Auto

Gurugram: Haryana Chief Minister Manohar Lal Khattar with the Hyundai India’s MD and CEO S.S. Kim

With a Rs 2,000-crore financial commitment system in tow, Hyundai landed in Gurugram with great fanfare, environment foot into the millennium town, which is acknowledged as substantially for its company buzz and city lifestyle as also for the Korean company’s archrival Maruti Suzuki, the enterprise that set foot in the exact town in the ’80s and went on to revolutionise India’s auto sector.

As Hyundai formally threw open its swanky and mega company office in the heart of Gurugram — crafted at an financial commitment of Rs 1,000 crore around the earlier a few yrs — what astonished nearly anyone was the presence of Maruti MD Kenichi Ayukawa at the function, which was attended by Haryana main minister M L Khattar. “I am right here as the president of vehicle sector body Siam, at the invitation of Hyundai. I do not have everything much more to include right here,” Ayukawa stated.

Even so, for Hyundai, the entry into Gurugram in a bold style is no significantly less than a signature statement and just one that it is flaunting with aplomb. The company’s India headquarters has a complete crafted-up area of 28,000sqft, potentially the most significant for an MNC vehicle enterprise, and has green aspects this sort of as 50kw solar panels on the roof top rated, fourteen charging units for electric cars, and a 400sqmt ‘green wall’ with plants.

“With a potent commitment toward folks and ecosystem, this headquarters will be a focal point of innovation and realise Hyundai India’s vision of ‘Progress for the Persons, Prosperity for the Planet’,” enterprise MD & CEO S S Kim stated. Hyundai’s entry into Haryana’s company setup comes at a time when Maruti Suzuki plans investments of up to Rs eighteen,000 crore in the state for a just one-million capacity factory premises.

Maruti is generating investments as aspect of plans to change its Gurugram plant (the oldest and initial auto plant of the enterprise) and go around to a new large and contemporary producing setup, its chairman R C Bhargava advised TOI a short while ago.