Chennai Port Trust and Hyundai Motors are together commemorating Its over 10 years of partnership, where on this occasion Shri. Cyril C. George, Chairman of Chennai Port Trust, handed over a cheque of Rs19.69 crores towards refund of wharfage charges for the year 2015-16 to Shri Y K Koo, Managing Director and CEO of Hyundai Motors India Ltd. Hyundai has exported over 2 million cars and has received a total of Rs 165 crores as refund of wharfage, since 2006.
Commenting on the occasion Shri. YK Koo, MD, M/s. HMIL 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.”
Adding to this, Shri. Cyril C George, Chairman, Chennai Port Trust said “This partnership has been a win win proposition for both organizations not only in the past decade but also wish that this partnership continues to grow in the decades to come. Chennai Port is a pioneer in car exports and we have one of the best facilities. I applaud the initiatives taken by M/s. Hyundai Motor India and am happy that we have been able to partner them in their success. Chennai Port is always open to new ideas and I hope this serves as an example for other exporters to use our services”
Since the establishment of Hyundai Motors in India in 1996, the company has been using the Chennai Port and started exporting its products through the port from the year 2000 and in 2006, Chennai Port and Hyundai entered into an Agreement. The parent company, Hyundai Motor Company (Korea) had designated the HMIL as a small car export hub and the Port has helped in retaining its top exporter status for over a decade. Prior to this agreement, Hyundai exported 3 lakh cars through this Port.