New Delhi, Sept 23 (UNI) Hyundai Motor India Ltd (HMIL), country's second largest manufacturer, today said it will start a third shift of operation at its Sriperumbudur plant to support the growing demand for its popular compact car, i10.
With the third shift in operation, the daily unit production has gone up from 800 to 1,130, registering a 40 per cent jump.
''The i10 has been breaking all grounds in terms of demand, within the country as well as in the export market. The introduction of the new shift will help us meet those demands and capture a bigger share of the market. This is a tremendously positive move and represents a great vote of confidence in the success of i10,'' HMIL Managing Director H S Lheem said in a statement.
Apart from meeting the exceptional demand for the i10, the introduction of the additional shift will create new jobs for 820 people, he added.
The export destinations for HMIL are slated to rise to around 95 countries by the end of 2008, and the introduction of the third shift will help bringing the company closer to its target of manufacturing 5.3 lakh units by the end of 2008.
UNI AK SR AS1812