Hyundai, the second largest car producer and the biggest car exporter in India is readying to commence exporting its i20 hatch to 42 new non-European markets.
Hyundai i20 has been first introduced at the 2008 Paris Motor Show and since then the company has exported it to approximately 47 countries, predominantly the European market.
In order to meet the growing demand for sub-compact vehicles worldwide, the Korean car maker has stepped up production of i20 at its Indian manufacturing plant, located near Chennai so that it can increase its penetration in countries of Central America, Middle East, South America, Africa, Australia, Asia-Pacific and South Africa.
Hyundai also announced it is considering to move about a third of its i20 car production from India to Europe by the middle of 2010. Hyundai plans to shift production of about 70,000 cars to Europe to get tax benefits.