Hyundai to Move Production of i20 to Europe
Posted on May 9th 2009Welcome back!
India’s second largest car maker, Hyundai Motor India Ltd. is planning to move the manufacturing of its premium hatchback model ‘i20′ from Chennai to Europe.
Hyundai workers (in Chennai plant) were on the hunger strike. The employees were demanding employee union’s recognition, established in 2007. They were demanding agreement including, replacement of fired employees, increasing basic salaries and decreasing the performance- related pay section in worker weges.
Hyundai had prepared to export 80% (or 120K units/annum) of 150K i20’s made in India. Remaining 30K cars was intended for India. The export of Hyundai i20 is aimed to constitute for 40% of its whole export goal for a fiscal 2009-10 which is secured at 300K cars.
The company didn’t reach at its target in export for first few months and it is 80 to 85% of target. However the shift of Hyundai i20 production could badly impact its exports and whole sales from the country.
By editor in Auto India News, Auto Industry News, Hyundai
Rahul responded on 10 May 2009 at 11:26 am #
The Hyundai i20 is selling very well. By moving production out of India, Hyundai Motors will take away the exclusivity tag associated to i-series cars. This will be a big low to low cost production centres like India.
Rahul
milan responded on 07 Oct 2009 at 7:33 am #
could any body gives me the rates of secon hand accent of any class
i m wishing to buy it