South Korean carmaker Hyundai established itself in India over a decade ago and has been exporting cars to other countries from here. The carmaker has partnered with the Chennai Port for exports, and both now celebrate 10 years of partnership.
Together, Hyundai and the Chennai port have exported over 2 million cars worldwide.
On the occasion, Cyril C. George, the Chairman of Chennai Port Trust handed over a cheque worth Rs. 19.69 crore towards refund of wharfage charges for the year 2015-16. The cheque was handed over to Y K Koo, the Managing Director of Hyundai India.
In total, since 1996, the Chennai Port Trust has refunded a total amount of Rs. 165 crore to Hyundai toward whafage charges.
Commenting on the prestigious occasion, Y K Koo, the Managing Director of Hyundai India 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."