Hyundai may expand Izmit site capacity to 300,000 units

Article by Anita Panait, on July 24, 2013

Hyundai may expand the production capacity of its Izmit site in Turkey to 300,000 annually, according to the plant’s head of production, Uygur Kosal. Hyundai is currently expanding the site’s annual capacity from 125,000 vehicles to 200,000 units to accommodate output of the new i10 minicar this September. Hyundai is planning to build the i10 for Europe in Turkey instead of India.

Kosal said the plant’s capacity may be expanded to 300,000 after they reach the planned capacity. The site also builds the i20 subcompact. According to LMC Automotive, Hyundai may need the output increase for the i10, as they expect the minicar to sell in much higher volumes than its predecessor.

LMC analyst Carol Thomas remarked that the strong i10 sales means that Hyundai will either have to importing a proportion of i10s from India or expand the capacity of its Turkish site further.

Hyundai sold 26,036 examples of the current i10 in Europe in the first half of 2013, according to market researchers JATO Dynamics. Hyundai will unveil the new i10 at the Frankfurt auto show in September and will start selling the minicar in Europe at the end of year. The new i10 will be sold in five-door, gasoline versions only.

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