Hyundai Motor to hire 400 more people by this year-end
The company will hire 400 more people, Hyundai Motor India Managing Director H S Lheem told reporters at the launch of new Verna model in Hyderabad.autos Updated: Feb 12, 2009 21:50 IST
Hyundai Motor India Ltd on Thursday said it will strengthen its R&D centre at Hyderabad by doubling the headcount to 800 by this year-end.
The company will hire 400 more people, Hyundai Motor India Managing (HMIL)Director H S Lheem told reporters at the launch of new Verna model in Hyderabad on Thursday.
However, no new investment will be made in this centre.
HMIL has already invested 28 million dollar for this centre and its present strength is about 400, he said.
On the economic meltdown, Lheem said the company has reduced its number of shifts to two from three and increased the working hours from eight hours to nine hours. The production remains intact, he added.
"Hyundai Verna is a proven success in India and the new variant which also comes with an automatic transmission - a first for this segment — will further enhance customer delight and satisfaction," Lheem said.
"With the launch of the new Verna, we have once again raised the competitive bar of style, performance, safety and brining dynamics in India's mid-size car segment".
Lheem said total sales of its vehicles during calender year 2008 was 4,89,328, up 49.6 per cent over CY 2007. In the domestic market it clocked a 22.4 per cent growth rate, compared with CY2007 with 2,45,397 units while overseas sales grew by 92.5 per cent with exports of 2.43,931 units.