Chief Minister of Tamil Nadu, Edappadi K Palaniswami took part in the ground breaking ceremony of the institute through a video conference facility from the Secretariat.
By launching the Hyundai Academy for Technical Skill, the company aims to develop talent and make them ready for global opportunities in world class firms which are setting up base in the country
Last year, HMIL exported 1,81,200 units with 792 customised variants according to country-specific preference and demand, the company said.
The company has already sold 58,000 units of the new version while the overall sales of the model since 2015 stands at over 5.2 lakh units.
MSIL’s hatchback sales grew 44.3 per cent year-on-year with more people opting for personal mobility due to the pandemic.
As per the initiative, the company will provide free-of-cost road-side assistance for as well as give 50 per cent discount on depreciation amount on insurance claims of flood-affected vehicles.
Last month, the automaker had announced a membership programme for its new car buyers across the country.
In addition, Hyundai says if the anti-lock brake warning light comes on, the vehicles should not be driven and owners should disconnect the positive cable on the battery
The company's exports last month stood at 6,800 units, down 61.79 per cent from 17,800 units in August 2019.
Experts said demand for smaller cars and two-wheelers will continue to remain high as more and more people are opting for personal mobility over public transport amidst coronavirus outbreak.
But at the same time there is the pandemic situation, and so how long this ongoing pent-up demand would sustain is a big question, he added.
A senior official of the carmaker cited the healthy response for SUV Creta along with initiatives like car subs cription and 'Click-to-Buy' as trigger for growth.
The company also announced that it would be conducting a special ‘Freedom Drive’ to celebrate Independence Day this year.
'Creta has been the blockbuster model in the Indian automobile industry ever since its launch in 2015,' HMIL Director (Sales, Marketing and Service) Tarun Garg said in a statement.
Exports were down 83 per cent at 3,100 units last month as compared to 18,300 units in the year-ago period.