Hyundai to consider alternate site for i20 production

Hyundai Motors is considering alternative production site for i20 premium compact to a European country. The company said that labour unrest at Sriperumbudur factory was forcing the company to take the decision. On the other hand, sources said that infrastructure problems, currency fluctuations and low export incentives might be the other reasons to shift the production of i20 as timely delivery schedules is a crucial factor in export markets.

Labour union claimed that production at the company's two plants had been affected badly on account of the strike, while the company declared a marginal impact. Arvind Saxena, V-P at Hyundai Motor India informed that the production is marginally affected, and the company had enough stocks to meet any shortfall. He added that if the situation did not improve, it would be necessary to shift the production.