INDIAN MAJOR small car manufacturer, Hyundai Motors India, has exported five lakh cars from India. The exports volume has been driven by its global car Hyundai i10, produced exclusively in India.
Commenting on it, the managing director of Hyundai Motors Limited, HS Lheem, said, “The exports are right on schedule. The growth has been very encouraging, as far as Hyundai cars are concerned.”
In order to meet the increasing demand from local and its overseas markets, the company had increased the production capacity to six lakh units from the existing three lakh. The decision to hike production target was taken up after it opened its second plant in Sriperambudur near Chennai in February, this year.
Hyundai is exporting four popular models -i10, Santro Xing, Getz Prime and Accent to its markets spread across 90 countries. The company achieved its first milestone of one lakh cars in October 2004. Thereafter, it has continued to sell one lakh cars yearly. It had touched the four lakh car mark in August 2007.
The company now plans to reach the 5.3 lakh units production by this year end. Of these 2.2 lakh units will be exported to its overseas markets. Hyundai Motors has plans to make India its production hub for its global cars in future, starting from the first i-series car, the i10 in India.
Commenting on it, the managing director of Hyundai Motors Limited, HS Lheem, said, “The exports are right on schedule. The growth has been very encouraging, as far as Hyundai cars are concerned.”
In order to meet the increasing demand from local and its overseas markets, the company had increased the production capacity to six lakh units from the existing three lakh. The decision to hike production target was taken up after it opened its second plant in Sriperambudur near Chennai in February, this year.
Hyundai is exporting four popular models -i10, Santro Xing, Getz Prime and Accent to its markets spread across 90 countries. The company achieved its first milestone of one lakh cars in October 2004. Thereafter, it has continued to sell one lakh cars yearly. It had touched the four lakh car mark in August 2007.
The company now plans to reach the 5.3 lakh units production by this year end. Of these 2.2 lakh units will be exported to its overseas markets. Hyundai Motors has plans to make India its production hub for its global cars in future, starting from the first i-series car, the i10 in India.
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