Hyundai Motors Expands Irungattukottai Plant, Adding 155 Jobs
Hyundai Motor India's facility at Irungattukottai will increase in size to 7.21 lakh sq metre and 155 new jobs will be added. The Indian arm of Korean automobile giant Hyundai, has presented the pre-feasibility report for the refurbishment and modernization of its Tamil Nadu's manufacturing plant with an investment of Rs 1,500 crore.
Hyundai Motor India is set to enlarge the factory by incorporating an extra land area of 1.81 lakh sq metres. As per the company's statement, it has suggested carrying out renovations and upgrades to its current production plant in Irungattukottai, located in the Kancheepuram district of Tamil Nadu.
"Hyundai Motor India as per the proposed revamping and modernisation plan, the built-up area would grow from the current 5.40 lakh sq metre to 7.21 lakh sq metre without altering the production capacity," the report said.
The automotive manufacturer mentioned that while the current workforce at the plant stands at around 18,706 employees, it is projected to grow slightly to about 155 more employees during the expansion of the manufacturing facility.
"Hyundai Motor clarified that there would not be any additional land area. The plot area of the project site is 21.78 lakh sq metre and total built up area after expansion would be 7.21 lakh sq metre (existing is 5.40 lakh sq metre and proposed is 1.81 lakh sq metre)," it said.
The cost of the expansion is predicted to be around Rs 1,500 crore, and Hyundai Motor India will achieve a total plant built-up area of 7.21 lakh sq metre after the expansion, scheduled to be finished over the next five years.