"We are looking at competitive pricing for the i20 and will shift some portion of its production next year. While India will remain as the main production hub for the car, the European orders will be met from the new production facility," HMIL CEO & MD HS Lheem said.
Hyundai is India’s largest car exporter and caters to demands for small cars from overseas markets like Germany, Italy, the UK, and others. It has been encashing upon the small car incentives being offered by various governments in Europe which promote people to buy smaller cars. There has been an unexpected increase in the demand of small cars due to such incentives. Currently, shipments from India increase the cost by 10-15% due to logistics and import taxes.
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