Hyundai can manufacture electric vehicles at the Chennai plant, increasing its capacity to 750,000 units

Located near Chennai and extending over 535 acres of land, the plant operates at nearly 100% capacity utilization. Its current capacity of 713,000 units will be increased to 750,000 by 2019.

He added that the company would strengthen its offerings with eight new products, including an electric SUV, between 2018 and 2020.

In addition, HMI decided to send vehicles in full format Disbadembled (CKD) to select the export markets in the context of increasing their tax rates for fully constructed units (CBU). The use of the CKD format will also help the company to obtain additional volumes at its Sriperumbdur facilities to supply the domestic market.

Koo said that the export of CKD has started recently and that it is expected to send about 50,000 units by 2019. 19659006] CBU units designate vehicles directly purchased for the purpose of CKD units designate vehicles whose parts are officially imported from foreign countries and then badembled in the country of sale.

The HMIL facility near Chennai near 83 countries, mainly through subsidiaries. After Vietnam and the Philippines increased tax rates for subsidiaries, the company began exporting vehicles in the CKD format.

Koo said that more countries in Asia, Africa and South America were increasing tax rates on its vehicles in the CKD format.