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

With a Rs 2,000-crore financial commitment prepare in tow, Hyundai landed in Gurugram with good fanfare, environment foot into the millennium town, which is acknowledged as considerably for its company buzz and city society as also for the Korean company’s archrival Maruti Suzuki, the corporation that established foot in the exact town in the ’80s and went on to revolutionise India’s car business.

As Hyundai formally threw open up its swanky and mega company place of work in the heart of Gurugram — developed at an financial commitment of Rs 1,000 crore more than the earlier three a long time — what surprised pretty much everyone was the existence of Maruti MD Kenichi Ayukawa at the function, which was attended by Haryana main minister M L Khattar. “I am below as the president of auto business body Siam, at the invitation of Hyundai. I do not have just about anything far more to increase below,” Ayukawa mentioned.

On the other hand, for Hyundai, the entry into Gurugram in a daring style is no much less than a signature statement and 1 that it is flaunting with aplomb. The company’s India headquarters has a total developed-up area of 28,000sqft, maybe the largest for an MNC auto corporation, and has environmentally friendly things this sort of as 50kw solar panels on the roof leading, 14 charging models for electric vehicles, and a 400sqmt ‘green wall’ with plants.

“With a potent commitment in the direction of individuals and ecosystem, this headquarters will be a focal stage of innovation and realise Hyundai India’s vision of ‘Progress for the People today, Prosperity for the Planet’,” corporation MD & CEO S S Kim mentioned. Hyundai’s entry into Haryana’s company set up comes at a time when Maruti Suzuki strategies investments of up to Rs eighteen,000 crore in the condition for a 1-million ability manufacturing unit premises.

Maruti is making investments as element of strategies to shift its Gurugram plant (the oldest and 1st car plant of the corporation) and move more than to a new huge and fashionable producing set up, its chairman R C Bhargava informed TOI just lately.