Conveying Hyundai group's plan to invest an additional Rs 3,220 crore in Tamil Nadu, global auto major chairman and CEO Chung Mong Koo met Chief Minister Karunanidhi and sought all possible help from the state government in this regard, including an exclusive port for car exports.Karunanidhi assured of all possible help to the new investment.Hyundai Motors has a car manufacturing plant at Sriperumpudur near here and is setting up a second unit.Koo sought the state's support in improving infrastructure such as roads, railways and setting up a new port facility exclusively for car exports.Earlier, at the Sriperumpudur plant, Koo emphasised on the timely completion of the second plant which was currently under construction to ensure the timely roll out of a new car in addition to Santro.He hoped that the plant, which was expected to be completed by October 2007, will help increase the export volume up to 3,00,000 units per annum.Emphasising that the Indian market was very lucrative for the automobile industry, Koo said the market was expected to grow by 400 per cent within the next decade.The company projected a market volume of 9.7 lakh units in 2006 compared with 6.5 lakh in 2005, he said. To meet the growing demand of Hyundai cars in the domestic and overseas market, the company was aiming at an all-time high market share of above 20% in the Indian market, he said.
