Hyundai Motor Company, South Korean auto major, is planning to soar outsourcing components from India for its global operations. At present, the company outsources few percentage from India and now intended to rise it. Hyundai Motor Company Senior Vice-President (Asia & Pacific Division) Young-Kil Chun said that India, the company's second-largest market in the world, has the potential to be a hub for the components industry.
In view of that, Hyundai Motor will rise sourcing from here. He, however, suggested that for India to emerge as a major outsourcing hub for components, it would need to improve and maintain the quality of products. He said that in this connection the country has to maintain consistent quality which is the need of the hour. Hyundai Motor already sources up to 85 per cent of the components locally for the cars it makes in India.
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