India may be hub for i20 export
Hyundai Motors India on Sunday said it is planning to manufacture its premium hatchback i20 in India by the end of this year for sales in overseas markets. “We may produce i20 by the end of 2008 at Chennai plant,” HMIL senior vice-president (sales & marketing) Arvind Saxena said. Initially, the car will be produced with an intention to cater to the overseas market as the company has not firmed up plans to launch it in the domestic market, he said. The new car will be a step above Hyundai’s global car i10, rolled out here in October last year. i20 will be produced from HMIL’s upcoming second facility at Chennai. HMIL has been stepping up efforts to make the country its export hub for small cars, with 50% of its total capacity meant for the overseas market, he added. —Our Bureau