Released on = December 28, 2006, 8:41 pm

Press Release Author = RNCOS

Industry = Automotive

Press Release Summary = Expansion plans of Hyundai with ancillary units of Korea are
expected to bring in a Foreign Direct Investment (FDI) of about US$ 1.4 Billion.

Press Release Body = Hyundai will most likely bring in FDI (Foreign Direct
Investment) of approximately US$ 1.4 Billion by the joint expansion plans of Hyundai
Motor India and investments by the ancillary units of Korea. Hyundai is planning to
make additional investments of about US$ 831 Million, which will comprise of
expenses on second manufacturing plant, engine & transmission facility, R&D
facility.

Hyundai plans to invest about US$ 500 Million in India by the year 2008 for
overtaking Japan’s Suzuki, which is the largest overseas carmaker in India.
Hyundai has emerged as second largest vehicle manufacturer in the lucrative market
in Southwest Asia. The automotive giant has declared its plans to increase its
production capacity to 6 lack units (from 3 lack units) a year. With the second
automobile plant, about 70% of total 535 acres assigned to the economy by the govt.
of Tamil Nadu will stand utilized.

As per a Research Analyst’s view at RNCOS, who has recently researched a
report on “Asian Automotive Industry (2007)”, Indian automobile industry
is currently ranked amongst top Asian countries. With growing FDI in this sector,
it’s expected that Indian automotive industry will expand at a fast pace in
years to come.

About the Report
The report provides objective analysis on Asian Automotive industry to explore the
potential opportunities and challenges faced by the industry. It addresses some
interesting issues for today’s Global business environment, such as:

- Performance of Automotive Industry of major Asian countries.
- Opportunities for the automobile players in Asian automotive industry.
- Who are the major competitors in Global Passenger car industry?
- Get an insight into the trends in market performance.
- Pinpoint sectors of growth and identify the driving factors.
- Key challenges and strategies.
- Identify market, brand leaders and understand the competitive environment.
- Major driving forces for Asian automotive industry.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM088.htm

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Contact Details = RNCOS
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