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Hyundai to increase production capacity by 2019 without additional investment

July 27, 2018, 01:31 PM IST by Nikhil Puthran
Hyundai to increase production capacity by 2019 without additional investment

- To increase production capacity from 7.13 lakh units to 7.50 lakh units by 2019
- Expansion of production capacity without additional investment
- Kona electric SUV to in debut sometime by 2020

Hyundai Motors India Ltd (HMIL), the country’s second largest car manufacturer and largest exporter has announced its plans to expand its production capacity from 7.13 lakh units to 7.50 lakh units by 2019. Interestingly, the company plans to expand the production capacity without additional investment through value engineering.

The Hyundai facility located in Sriperumbudur, Chennai is well equipped with the modern and future-ready technology. Spread across 535 acres, the Hyundai facility has 590 Generation 4 robots along with advanced quality and testing capabilities and flexible engine plants to produce cars for India as well as the global market. This helps the company expand its production with zero future investment.

Speaking on the occasion, Y K Koo, MD and CEO, Hyundai India, said, "As a young and dynamic brand, Hyundai has implemented 'Smart Manufacturing 4.0 Practice', with focus on digitalisation, big data and data analytics to produce superior and 'Zero Defect Cars' with robust and fool-proof quality checks and assurance systems. At our plant, the seamless synergy between human intelligence and precision of machine is a combination of science and arts to create the finest cars that are loved by the customers across the world."

Back in June, the Creta SUV from Hyundai emerged as its eight millionth car and the company now aims to reach the 10 millionth mark by 2021. With strong growth plans for the Indian market, the company is planning on introducing the Kona Electric SUV in India sometime by 2020.

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