Hyundai plans to increase i20 export by 53% - 28.08.2009 News

Hyundai Motor India Ltd (HMIL) is planning to increase its i20 export by 53 per cent by penetrating into new export markets.

The car manufacturer is planning to increase the export base to 42 non-European countries of its model i20. The model which was revealed at the Paris Motor Show in October 2008 was earlier being shipped to around 47 countries predominantly to European market and to countries in Middle East, Africa and Latin America.

The car manufacturer aims to increase its export volumes and enhance its presence in Europe as well as non-European countries. In the first half of 2009, the company has exported over 6,500 units of premium hatchback i20 per month and is likely to go upto 10,000 units per month with the addition of these new export destinations.

Hyundai has received orders from new countries like South Africa, Israel and Indonesia, according to company’s release. The company has its manufacturing facility at Sriperumbudur, near Chennai.

H S Lheem, managing director, HMIL said that while Hyundai cars ply in all five continents amongst the non-European markets, Libya has emerged as an important export destination for HMIL in the recent past. Hyundai’s mid size sedan, the Accent is expected to Libya and the market in Libya continues to be positive with the expectation of big orders in the coming months.