No, I think Hyundai does have automotive plants in India. They do build cars outside Korea because cost is rising in that country as well.
Found this on an Indian news site:
http://www.rediff.com/money/2003/may/27hyundai.htm
India to be Hyundai's global export hub
Fakir Chand in Bangalore | May 27, 2003 12:18 IST
Hyundai Motor Company, the $47-billion Korean auto giant, is planning to make its Indian manufacturing plant a global export hub in the next 18 months with an additional investment of $200 million.
As its only production facility outside South Korea, the capacity of its Indian subsidiary will be ramped up to 400,000 units annually for catering to the growing domestic and overseas markets, especially in the US, Europe and South America.
"The parent company has decided to turn the Rs 40-billion (Rs 4000 crore) Hyundai Motor India auto plant near Chennai into a global production base for the compact car segment.
"In the first expansion phase, the capacity will be increased to 250,000 units per annum by 2004 from150,000 units currently to step up our exports of Santro Xing to 70,000 cars next year from 30,000 cars projected for the current fiscal (2003-04)," Hyundai Motor India president B V R Subbu told rediff.com in Bangalore on Monday.
With a cumulative investment of $750 million till date, the Korean subsidiary has already upgraded its Irrungattukottai facility to global standards and benchmarked it with its Korean production base.
"Though Hyundai India has emerged as the second largest carmaker in the country in just 5 years with a leadership position in the B (Santro), C (Accent), and E (Sonata) segments, we are aiming to emerge as the country's largest exporter of compact cars in the next couple of years," Subbu claimed.
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Thank you.
It is amazing what we can learn on Free Republic each day.