Hyundai India has already been prioritizing the production of top selling Creta and Elite i20 at the cost of other models in order to plug the huge demand supply gap. However, the surging demand for these two products has left the automaker looking to ramp up the production further.
It’s to be noted that the company’s twin plants within the Chennai premises are already running with a very high capacity utilization of 96%. The plants have a combined annual installed production capacity of 7,00,000 units.
In an interview with The Hindu Businessline, Bo Shin Seo, MD and CEO, Hyundai Motor India Ltd., revealed that the company will be increasing the monthly production volume of the Hyundai Creta and Elite i20 from the current 7,000 units each to 9,000 – 10,000 units each from December. He also said that the production will see increments of around 2,000 units every month from then on.
Mr. Seo also added that there are no immediate plans for a new plant even though the production is nearing its capacity limits. HMIL is expected to ease up more production volume for the domestic market by going easy on exports.
Speaking of exports, Europe is now being taken care of by Hyundai’s Turkish plant but HMIL still exports around 35% of its production. The MD says that the company is evaluating newer markets in South America, Africa and Northeast Asia.
Hyundai Creta – Pictures
Via – Thehindubusinessline.com