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Caparo to make Hyundai's luxury buses in India
March 25, 2008: UK-based Caparo Group's India unit has agreed with South Korea's Hyundai Motor Co to produce and sell luxury buses in India, targeting the fast-growing commercial vehicle market.
Caparo India plans to set up a greenfield facility in southern India, from where the famed Hyundai Aerobus will roll out for the Indian market. Caparo India will operate as a wholly-owned subsidiary, under its division Caparo Vehicle Products India, and will commence production in the final quarter of 2008-09.
Source: Business Standard