Coimbatore: Hyundai would export its newly launched India-made compact car ‘i10´ to 75 countries, a top official of the company has said.
The export of the cars would commence next year, M Inderjith, vice-president (productions), Hyundai Motor India Ltd, said speaking at the launch of ‘i10´ here last night.
i10 recently made its world debut in New Delhi. India would be the sole production and export hub of the car.
Continuing its tradition of being the fastest growing passenger car manufacturer, the overseas sales of Hyundai cars have grown by 17.4%, with export of 113,339 units in 2006, Inderjith said.
The year 2006 has been significant for Hyundai, as it achieved a significant milestone by rolling out the fastest 300,000th export car, he said.
The company is setting up its second plant near Chennai, which will produce an additional three lakh units per annum raising its total production capacity of six lakh per annum by the end of 2008, Inderjith said.
Apart from expansion of capacity, it was also proposed to expand its dealer network, which would be increased from 183 to 250 and its service network to 1,000 by the end of this year, Inderjith said.