Commenting on it, the managing director of Hyundai Motors Limited, HS Lheem, said, “The exports are right on schedule. The growth has been very encouraging, as far as Hyundai cars are concerned.”
In order to meet the increasing demand from local and its overseas markets, the company had increased the production capacity to six lakh units from the existing three lakh. The decision to hike production target was taken up after it opened its second plant in Sriperambudur near Chennai in February, this year.
Hyundai is exporting four popular models -i10, Santro Xing, Getz Prime and Accent to its markets spread across 90 countries. The company achieved its first milestone of one lakh cars in October 2004. Thereafter, it has continued to sell one lakh cars yearly. It had touched the four lakh car mark in August 2007.
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