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Hyundai India exports cross 2 million from Chennai Port

 
Chennai Port Trust Hyundai Export (2)

Today marks a decade since Chennai Port Trust and Hyundai Motors India Limited entered into a partnership.

Hyundai Motors India Limited (HMIL), leading car exporters in India have been using the Chennai Port since 1996 while exports commenced via this port from 2000. In 2006, the two entered into an agreement and today they celebrate a decade of partnership.

To date, over 2 million cars have been exported by HMIL through Chennai Port and to mark this special occasion, Mr. Cyril C. George, Chairman, Chennai Port Trust, presented a cheque of INR 19.69 crores towards refund of wharfage charges for 2015-16. The cheque was presented to Mr. YK Koo, Managing Director, HMIL. Having exported over 2 million vehicles since 2006, HMIL has received INR 165 crores as refund of warfage.

Chennai Port Trust Hyundai Export (1)

Chennai Port Trust has been instrumental in export of Hyundai cars across the globe helping HMIL become a leading exporter for over a decade and playing a key role in the company’s global operations. RoRo voyages are also conducted by the company through Chennai Port while on 5th February 2016 the company shipped 800 vehicles from the east to west coast of India from the Chennai Port to Pipavav.

HMIL which commenced its maiden shipment with just 768 cars to Algeria from Chennai Port saw exports to the tune of 1.67 lakh units in 2015-16 and expects the same amount of exports this year as well. As on date, HMIL exports its Make in India vehicles to 92 countries across the globe, with Latin America, Africa and the Middle East being important export markets for the company.

hyundai car export chennai port trust

Also Read –

India exported vehicles, auto components worth INR 59,360 crore in FY 2016
India-made Hyundai Creta exported to 44 countries so far

 

About the author

Pearl Daniels

Pearl Daniels

Former freelance writer, Pearl Daniels is in the auto industry since 2011, having established herself as a widely read staff writer since 2013. Her keen eye for industry news, daily need to break down latest events, and quest to not miss a single launch detail, gives you the most refreshing morning news on weekdays.

Email - pearl@rushlane.com