Hyundai is currently studying its options to export its latest 54-mpeg car from India to the United States.i10 is the premium hatchback model in the Hyundai portfolio that has been extremely successful in India. It already crossed 1 lakh benchmark for exports in less than 7 months of its launch.
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"We are studying the feasibility of beginning our exports to the US,” said Mr H.S. Lheem, Managing Director and CEO, Hyundai Motor India Ltd on the occasion of the company’s 10th anniversary celebration. Hyundai i10 is only 140 inches long and 21 inches shorter than Honda Fit and is capable of up to 56 mpg. Escalating fuel prices has led to rise in demand for compact cars in the US. Hyundai needs to add the safety features which will increase its weight by 400 pounds and the new Hyundai i10 shall be ready to be exported to the US.
Hyundai currently exports its premium compact car model, i10, to nearly 96 countries but has stayed away from the US market owing to the poor demand in compact car segment and intense competition. It is also planning to export its upcoming model Hyundai i20, to overseas market which shall be launched by the year end in India. All exports shall be done from its Chennai facility in South India. It plans to stop exporting Getz once i20 starts getting exported to international market.
