Hyundai Motor doubles efforts for South Asia expansion

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Hyundai Motor‘s EXTER

South Korea’s Hyundai Motor has made significant strides in expanding its presence in the Indian subcontinent over the past five years. According to recent reports, the company has opened four completely knocked-down (CKD) assembly plants in India’s vicinity alone.

CKD assembly is a method preferred by automotive manufacturers when entering emerging markets due to its cost-effectiveness compared to producing fully assembled vehicles.

Under the leadership of Chairman Chung Eui-sun, who has visited…