Hyundai is planning to set up auto component manufacturing facility at Nellore

The company has approached the state government for about 50 acres at Nellore district to set up an auto component manufacturing facility,” top officials told FE. The company is yet to sign an agreement.

Sources said that the government has given in-principle nod to the plant and has asked the Andhra Pradesh Infrastructure Investment Corporation officials to allot the land. A Hyundai team has done a preliminary study of the proposed land.

http://www.financialexpress.com/news/Hyundai-auto-parts-arm-plans-Rs-1-2...