Hyundai Motor India plans an 8% export boost for the rest of 2008.
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It also intends to start exporting engines from its Chennai plant next year, the Economic Times of India said.
“In the first half, about 42% of our [production was] exported to over 95 countries. But with the slowdown in the domestic industry, it is likely to increase up to 50% for the second half,” Hyundai Motor India Ltd (HMIL) Managing Director and CEO Heung Soo Lheem told the paper.
The company would produce 530,000 units this year, of which about 270,000 would be exported, he added.
“From the next year, we will increase our production capacity to 630,000 cars including 20,000 CKD units, by starting the third shift,” Lheem said.
