At a time when the car industry is struggling to push production to the pre-COVID-19 levels, Korean carmaker Hyundai will start the third and final shift at its factories in Chennai later this week.The country’s second-largest carmaker has seen demand shoot up for its cars substantially in June, led by the all-new Creta SUV. It was launched just a week before the nationwide lockdown in March.About 40 percent of June’s total volumes (which the company did not disclose) were made up of Creta, a senior executive of Hyundai Motor India (HMIL) told Moneycontrol.Close Ganesh Mani, director, manufacturing operations, HMIL, said: “We are preparing ourselves for the third shift. We are preparing our vendors and manufacturing lines as well. Once things are lined up, we will operationalise it. We expect it to happen within a week. We can operate the plants at 80 percent capacity from the 40 percent level in June. That is a 100 percent jump.” related news WPI inflation falls 1.81% in June, but food prices rise Snapchat confirms testing TikTok-like navigation within the app for content discovery Recent liquidity measures help reduce financing cost in corporate bond market to decadal low: RBI Operating the third shift translates… Read full this story
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