Country’s second largest car manufacturer Hyundai Motor India Ltd. has deferred a decision to introduce a third shift at its new plant near here, according to a top company official, in the wake of predictions that the Indian auto industry will slow down in the coming months following rising interest and input costs.
“We are watching the situation and a decision will be taken accordingly,” Ashok Jha, the company’s president, told reporters.
At the time of the Kappa engine launch in July, company officials had said that a third shift may be introduced at its new plant having a capacity to produce 300,000 units per year. More
Courtesy: www.indiacar.net
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