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Hyundai Construction to focus on Uttar Pradesh
Hyundai Construction Equipment India has said it will focus on the Uttar Pradesh market to boost the sales of its construction equipment.
"We are aware of the potential requirement of construction equipment in Lucknow and other parts of this fast-developing state," J.S. Kim, managing director of the company, told reporters here Monday night.
The company, a wholly owned subsidiary of Hyundai Heavy Industries, has already appointed a local dealer, AB Equipment, to increase operations in Uttar Pradesh.
"Keeping in view the potential of the Indian market, we have already set up a plant in Pune to manufacture excavators. We are also importing loaders, rock breakers, clamshell buckets and other equipment and selling them in India," Kim added.
He added that company would make direct investments in Uttar Pradesh and later expand its operations across the country.
Last updated on Nov 3rd, 2009 at 16:13 pm IST--IANS
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