In a bid to penetrate the European market and to avail tax benefits, Hyundai Motors is migrating its production of i20 [images] to Turkey. The number slated for this year is 40000 units from the regular capacity of 1 lakh. The net volume of Hyundai in India from its both units stand to 6 lakh units and possibilities are bright to extend this volume by another 50000 units. In 2009 Hyundai produced 56000 units and sees the growth by 15% this year making the total volume to 644000 units this year including export demand. Company’s MD&CEO said the increase in volume is expected from the proposed launch of Santa FE and the refined Verna. Hyundai has a good run with its i10 and i20 models. The company’s target for new Verna is
2000 monthly units, he said.