Hyundai Motor India Limited will ramp up its production capacity at its Chennai facility by 12 percent to 6.7 lakh units. Moreover, the company has seen an unprecedented rise in its domestic demand due to which it will cut down its exports by 8 percent to fulfil the demands from Indian market. The India unit expects to sell 340,000 vehicles in India in 2010 and export 2.50 lakh to 2.55 lakh vehicles said HMIL Managing Director H W Park.
Demand from the exports market has also reduced due to ending of Scrappage Scheme from the European governments. Hyundai is also exploring newer market but still intends to concentrate mainly on domestic growth.
Hyundai has recently launched a facelifted version of Hyundai Verna Transform and has its new SUV Hyundai Santa Fe coming to India this year. Park also stated that the company has no plans to introduce a smaller version of i10 or Santro in India. However, as per earlier reports, Hyundai may have an 800cc model on its cards for the Indian market.
Hyundai, which started operations in India in 1996, produces compact hatchbacks Santro, i10 and i20 and sedans such as Accent, Verna and Sonata.
