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.

If you liked the article, share on:

Comments

Recommended

Another day, another record. Is the new Dodge Challenger SRT Demon the fastest car to date? According to some sources, the Dodge Challenger SRT Demon had just beaten the Tesla...
by - April 24, 2017
Following in the footsteps of the McLaren 570S, 540C and 570GT is the newest addition to the McLaren Sports Series -- the roofless 570S Spider. McLaren 570S was rolled out...
by - April 24, 2017
The British automaker Lotus is noted for releasing low production, limited editions of its sports car lineage. Now the Hethel-based automobile manufacturer is back at it again with its latest...
by - April 24, 2017
Earlier this week, the revamped 2018 Mercedes-Benz S-Class was revealed ahead of the 2017 Shanghai Auto Show. As expected, Mercedes Benz’s flagship model is now offered in several variants including...
by - April 24, 2017
Well, this is clearly not good news for everyone. Ever since the new BMW M4 CS rolled out in Shanghai last week, several reports about its limited production have quickly...
by - April 24, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries