i10 popularity reaches iconic proportions, over 172,000 units of i10 models sold since launch in Oct ‘07 - Daily production increases from 800 to 1300 units - 820 new jobs created - Hyundai strengthens India position as global manufacturing hub for small cars New Delhi, September 23, 2008: Hyundai Motor India Ltd, the country’s second largest manufacturer and the largest passenger car exporter today announced the start of its third shift of operations at its new plant at Sriperumbudur in response to a continuing high demand for the award-winning i10 both in the domestic as well as the export market. The plant, which started operations in February this year, is dedicated largely to the production of the i10.
Since its launch in October 2007, sales of this popular compact car have reached 172,000 units in less than one year of its launch and, with the third shift in operation, the daily unit production has gone up from 800 to 1300, a 40% jump, to help meet demand.
Announcing this, Hyundai Motor India Ltd, Managing Director, Mr. H S Lheem, said, "The i10 has been breaking all grounds in terms of demand, within the country as well as in the export market. The introduction of the new shift will make us meet those demands and help us capture a bigger share of the market. This is a tremendously positive move and represents a great vote of confidence in the success of i10.”
With the introduction of the third shift, the work system will now follow an 8 hour shift followed by another 8 hour shift and then a 7 hour shift (8+8+7) pattern, instead of an 8+8 pattern that was previously being followed. Apart from meeting the exceptional demand for the i10, the introduction of the additional shift will create new jobs for 820 people.
“Today, this level of recruitment in the car manufacturing sector reflects the ongoing commitment Hyundai has in its India operations, he further added.”
Hyundai had commissioned the 535-acre plant at Sriperumbudur to aid its journey towards becoming a sector leader in the next ten years, as well as to establish India as its global small car manufacturing hub. The export destinations for Hyundai Motor India Ltd are slated to rise to around 95 countries by the end of 2008, and the introduction of the third shift will, no doubt, bring the company closer to its target of manufacturing 5.3 lakh units by the end of 2008. To meet the exponential demand for the i10, the company has also strengthened its dealer network and its service and support mechanisms. By the end of 2008, the company will have a 280-strong dealer network and 560 authorized service workshops.
Since its launch in October 2007, sales of this popular compact car have reached 172,000 units in less than one year of its launch and, with the third shift in operation, the daily unit production has gone up from 800 to 1300, a 40% jump, to help meet demand.
Announcing this, Hyundai Motor India Ltd, Managing Director, Mr. H S Lheem, said, "The i10 has been breaking all grounds in terms of demand, within the country as well as in the export market. The introduction of the new shift will make us meet those demands and help us capture a bigger share of the market. This is a tremendously positive move and represents a great vote of confidence in the success of i10.”
With the introduction of the third shift, the work system will now follow an 8 hour shift followed by another 8 hour shift and then a 7 hour shift (8+8+7) pattern, instead of an 8+8 pattern that was previously being followed. Apart from meeting the exceptional demand for the i10, the introduction of the additional shift will create new jobs for 820 people.
“Today, this level of recruitment in the car manufacturing sector reflects the ongoing commitment Hyundai has in its India operations, he further added.”
Hyundai had commissioned the 535-acre plant at Sriperumbudur to aid its journey towards becoming a sector leader in the next ten years, as well as to establish India as its global small car manufacturing hub. The export destinations for Hyundai Motor India Ltd are slated to rise to around 95 countries by the end of 2008, and the introduction of the third shift will, no doubt, bring the company closer to its target of manufacturing 5.3 lakh units by the end of 2008. To meet the exponential demand for the i10, the company has also strengthened its dealer network and its service and support mechanisms. By the end of 2008, the company will have a 280-strong dealer network and 560 authorized service workshops.
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