Hyundai’s production of i10 minicars to be in Turkey instead of India

Article by Anita Panait, on June 8, 2012

Hyundai will produce its i10 minicar in Turkey for European markets as part of its efforts to increase sales in the continent.  Hyundai will produce the i10 alongside the i20 subcompact at its joint venture with Kibar Holding of Turkey in Izmit. To accomplish that, Hyundai plans to double annual production capacity of the Izmit plant to 200,000 units by the end of 2013.

This will effectively create 750 new jobs at the plant and another 1,500 at suppliers. Hyundai hiked the capacity of the Izmit plant in May to 120,000 to start the production of the new i20. With sales of around 73,000 in 2011, the i10 is the company’s fourth best-selling model in Europe, after the i30, i20 and ix35, according to JATO Dynamics market researchers.

Around 70 percent of the vehicles that Hyundai markets in Europe are built at its Turkish plant and at its Nosovice site in the Czech Republic. 

The Nosovice site produces the i30, the ix20 and the ix35. Allan Rushforth, Hyundai Motor Europe's chief operating officer, said that by producing the i10 in Turkey, the company could further increase in sales, since it underscores the fact that Hyundai develops and produces cars in Europe “that Europeans want to drive."

Hyundai is eyeing to capture a 3.5 percent share in the EU and EFTA nations in 2012, up from 2.9 percent in 2011. The carmaker also said that it aims to sell around 500,000 units in 2013. The company posted an 18 percent increase in sales in EU and EFTA countries to 38,521 in May 2012. Hyundai also sold 187,534 vehicles in Europe in the January to May period.

If you liked the article, share on:

Comments

Recommended

Hyundai is introducing a new 2018 Accent that is not only wider and longer, but is now also sporting a new look that is more serious than the previous model....
by - February 20, 2017
Fans and enthusiasts of the BMW M2 in the United States could now rejoice. This comes as their favorite BMW M2 is getting a limited edition version as prepped by...
by - February 20, 2017
Carmakers usually leave us thirsty for information on whether they would introduce a new, refreshed or face-lifted vehicle and on when they intend to launch it. There are reasons for...
by - February 20, 2017
Cadillac’s CT6 full-size prestige-luxury sedan is still somewhat new. It has been offered to the global auto market for two model years – 2016 and 2017. But for those who...
by - February 19, 2017
In many industries, it is the rivalries that make things exciting. In basketball for example, there is the well-known rivalry between the Los Angeles Lakers against the Boston Celtics. For...
by - February 19, 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