South Korean auto major, Hyundai Motor is planning to begin exporting its entry level compact car 'Eon' from India from next year, according to a company official. The company already exports cars that are manufactured at its Sriperumbudur facility near Chennai to more than 115 countries.
Hyundai Motor India Managing Director and CEO H W Park, while speaking at the launch of the model in Chennai said that the company has got 'encouraging' bookings besides targeting the overseas market next year. He said that the company ahs received over 5,000 bookings since the launch on 13 October. "We will begin it in 2012... mostly it will be in South American and South African markets," he said.
About expansion plans for the plant, Mr. Park said that the company is planning to increase the plant's capacity to 6.7 lakhs by next year from 6.3 lakh units per annum at present. He also said that the company will showcase a new model developed on the "fluidic" platform during the next year's Auto Expo. He added that the model is among the ten new models that are set to be released over the next four years.