Published on July 16th, 2013 | by Daniel Sherman Fernandez0
Hyundai to build new i10 minicar in Turkey for European markets
Hyundai’s production capacity at its plant in Turkey to 200,000 units as production of the i10 replacement shifts from India. The increased production at Hyundai’s plant in Izmit, which also makes the i20, will mean the Korean automaker will locally build 90% of all cars sold in the region. The company’s factory in the Czech Republic has an annual capacity of 300,000, while its St. Petersburg, Russia, plant can reach 150,000. Last year Hyundai’s vehicle sales grew 10.5% in the EU to just under 400,000, according to the European manufacturers’ association ACEA. That growth has stalled this year, with sales dropping 2% to 176,157 in the first six months. Hyundai expects the new i10 to kick-start growth again. The car will debut at the Frankfurt auto show in September and will go on sale in Europe at the end of year. As with the current car, the new i10 will be sold in five-door, petrol versions only.