Hyundai Makes Rs400 Crore Investment In New Indian DieselEngine Plant

HyundaiHyundai Motors has operated successfully in India and has solidified its operating procedures there over the past several years. During the next three years Hyundai will build a new diesel engine factory costing Rs400 crore. Recent feasibility research showed this to be an appropriate investment according to the CEO. Three different sized engines will be produced.

The new factory should be opened in 2013 or 2014. It will produce diesel engines for the Indian market. These engines will be in three sizes: 1.1 liters, 1.4 lit, and 1.6 lit. Hyundai’s Sales and Marketing Director said that this year Hyundai had to use all of its production to satisfy growing local demand. In previous years, Hyundai’s Indian division was able to produce enough cars for both the Indian and foreign markets.

Keep Your Eye on Korea

Seoul- For those who prefer more exotic destinations in the fastest growing region today, Asia, one of the most interesting options is South Korea. With growth expected to exceed 4 percent in 2010, and strong domestic demand. In fact, since Ecotrade has opened a strategy on the main Korean stock index, Kospi 100, which so far this year up to 8 percent maximum currently listed.

One attraction of this market is that it has internationally recognized firms. An example is Samsung Electronics and Hyundai Motors, where experts recommend the purchase of shares. For the former, the market consensus expected to close the year with a net profit of over 10,000 million euros, and even increase your cash in 2011 to almost 13,000 million, 40 percent more than expected gain in 2010. The proximity to China and strong domestic demand will allow surfing the uncertainties of the market. Lost in the exercise less than 5 percent.

A similar story is seen in the case of car maker Hyundai. Experts believe that net income will increase slightly in 2011 to over 3,200 million euros, and will feature a box of 4,600 million. Representing an increase of close to 19 percent if one takes into account the forecasts of experts who handle cash in 2010.