Date:03/04/2006 URL: http://www.thehindu.com/2006/04/03/stories/2006040307000600.htm

Andhra Pradesh

Hyundai to set up R&D centre in Hyderabad

Special Correspondent

HYDERABAD: Hyundai Motor Group, a premier automobile company, is entering the State to set up its world-class research and development centre in Hyderabad. It is also contemplating establishing a manufacturing unit near Tada in Nellore district in the near future.

A four-member Korean delegation led by Hyundai Motor Group president, R&D, Lee Hyun Soon along with Vice-president (R&D), Yang Woong Chul, Executive Director, Hyundai Motor India, Chennai, Park Han Woo and Senior General Manager, HMI, Chennai, Woo Moon Man met Chief Minister Y. S. Rajasekhara Reddy on Sunday and expressed their intention of setting up of a research centre in the State capital. Welcoming the initiative, the Chief Minister agreed to provide 42 acres land desired by the company for its research centre.