Hyundai Motor India Ltd today commissioned operations at its second manufacturing plant at Sriperumbudur.With the commissioning of this new plant Hyundai Motor India is capable of producing 600,000 units per year doubling its present capacity of 300,000 units per annum. Hyundai Motor India’s export destinations are expected to increase from 73 to 90 countries by the end of 2008. Hyundai has committed a total investment of US $1 billion for the next phase. The new plant is located within the same 525 acre plot in Sriperumbudur adjacent to the first plant. The new plant will be dedicated largely to the production of Hyundai’s latest offering – the i10. To support the domestic growth, Hyundai has already strengthened its dealer network from 183 to 230 in 2007; by the end of 2008, it expects to expand this to a 300-strong network.
Speaking on the occasion, Hyundai Motor Company Chairman & CEO Mong-Koo Chung said: “We have recorded huge successes in India in the last 10 years, since we started operations in this country in 1996. Our new plant will be the platform for future growth. I’m sure Hyundai Motor India will play its role perfectly as a global manufacturing hub for all of Hyundai’s small car models As we have got from India, so we seek to give not only in boosting the country’s industry and business, but in terms of being a responsible corporate citizen of India.”