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March 19, 2003

INDIA: Hyundai begins export to Colombia

Hyundai Motor India has exported its first shipment of 650 Santros to Colombia. The company recently said it planned to make its Indian operations, with 150,000-unit capacity a global export hub and has scaled up its export target from 8,245 units in 2002 to over 25,000 units in 2003.

By bcusack

Hyundai Motor India has exported its first shipment of 650 Santros to Colombia.

The company recently said it planned to make its Indian operations, with 150,000-unit capacity a global export hub and has scaled up its export target from 8,245 units in 2002 to over 25,000 units in 2003. The additional volume will primarily come from exports to destinations in Western Europe and South America. Algeria, Morocco, Nepal, Sri Lanka and Indonesia are currently the biggest export markets for Hyundai Motor India.

The Santro, known in some markets as the Atos Prime or the Amica , is currently exported from South Korea to Western Europe and South America. Hyundai Motor India has recently increased capacity to boost exports and has installed testing facilities that conform to the stricter quality requirements in those markets.

HMIL will subsequently export 15,000 Santros to Western European market from July this year.

HMIL managing director J.I. Kim said: “This is a proud moment, not only for HMIL, but for the entire Indian automobile industry. We are also immensely proud of the fact that we have capabilities to export fully built cars to exacting global specifications and more importantly, have the same set of product specifications for both domestic and export models.”

HMIL sold 111,051 units in 2002 and said it led all its three market segments in India.

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