Chennai Port Trust and M/s. Hyundai Motors India Ltd., the country’s biggest exporter and second largest car manufacturer today commemorate a decade of partnership. On this occasion Shri. Cyril C. George, Chairman, Chennai Port Trust, handed over a cheque of Rs.19.69 crores towards refund of wharfage charges for the year 2015-16 to Shri. YK Koo, Managing Director, M/s. Hyundai Motors India Ltd. M/s. Hyundai has exported over 2 million cars since 2006 and has received a total of Rs.165 crores as refund of wharfage.
M/s. HMIL has been using Chennai Port ever since its inception in 1996 and started exporting through this Port from 2000 onwards. In 2006, Chennai Port and M/s. HMIL entered into an Agreement. Hyundai Motor Company, Korea had designated M/s.HMIL as a small car export hub and the Port has been instrumental in Hyundai shipping its cars all over the world and retaining its top exporter status for over a decade. Prior to the Agreement, M/s. HMIL exported 3 lakh cars through this Port.
Commenting on the occasion Shri. YK Koo, MD, M/s. HMIL said, “Exports have been integral to HMIL and we are happy to have had a great partnership with the Chennai Port which has only grown and strengthened over the years. This association has not only helped catapult Hyundai as the No.1 exporter for over a decade but also helped HMIL play a critical role in Hyundai’s global operations.”
Growing from strength to strength M/s. Hyundai exhibited its leadership characteristics by being a valuable partner to Chennai Port’s pioneering efforts in making coastal RoRo voyages a reality. M/s. Hyundai shipped 800 cars from Chennai Port to Pipavav on 05/02/2016, the country’s maiden Coastal RoRo voyage from the East to West Coast of India.
Shri. Cyril C George, Chairman, Chennai Port Trust said “This partnership has been a win win proposition for both organizations not only in the past decade but also wish that this partnership continues to grow in the decades to come. Chennai Port is a pioneer in car exports and we have one of the best facilities. I applaud the initiatives taken by M/s. Hyundai Motor India and am happy that we have been able to partner them in their success. Chennai Port is always open to new ideas and I hope this serves as an example for other exporters to use our services”
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently has ten car models across segments – Eon, i10, Grand i10, Elite i20, Active i20, Xcent, Verna, Creta, Elantra and Santa Fe. HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts advanced production, quality and testing capabilities.
HMIL forms a critical part of HMC’s global export hub. It currently exports to around 92 countries across Africa, Middle East, Latin America, Australia and the Asia Pacific. HMIL has been India’s number one exporter for the last 10 years consecutively. To support its growth and expansion plans, HMIL currently has 451 dealers and more than 1,170 service points across India. In its commitment to provide customers with cutting-edge global technology, Hyundai has a modern multi-million dollar R&D facility in Hyderabad. The R&D center endeavours to be a center of excellence in automobile engineering.