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Hyundai Motor on course to be eligible for TN Govt sops.
(From Business Line)
from BUSINESS LINE, March 27, 2007 Chennai, March 26 - Hyundai Motor India says it is on course to be eligible for incentives offered by the Tamil Nadu Government under a recently announced policy for large automobile projects
Its Managing Director, Mr H.S. Lheem, said the investments made by the company so far and those in the pipeline would take the total investment in its facility at Irungattukottai, about 40 km west of Chennai, beyond the Rs 4,000-crore limit set by the State for concessions under the policy
Company officials later said that Hyundai Motor India would have invested about Rs 3,500 crore so far since it started …
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