The South Korean Hyundai Motor is shifting the production of the mid-size Verna Car entirely from its home base in India. Hyundai will use its manufacturing facility near Chennai to supply the Verna to almost all its global markets starting January. It shows the growing confidence of the company in making bigger and more premium cars for exports in a country which has for long been known as a manufacturing base for small passenger vehicles.
The company is targeting annual production of about 1.3 lakh units of the Verna in India over the next couple of years.
Hyundai has already boosted the profile of its Indian hub from being a base for manufacturing small cars to larger vehicles. Last year, it shipped about 45,000 units of the Creta SUV to overseas markets from India.
Source: Business News agencies