Chennai Port Trust and Hyundai Motors India Ltd (HMIL) have completed a decade of partnership. On this occasion Cyril C. George, Chairman, Chennai Port Trust, handed over a cheque of Rs.19.69 crores towards refund of wharfage charges for the year 2015-16 to YK Koo, Managing Director, Hyundai Motors India. Hyundai has exported over 2 million cars since 2006 and has received a total of Rs.165 crores as refund of wharfage.
HMIL has been using Chennai Port ever since its inception in 1996 and started exporting through this Port from 2000 onwards. In 2006, Chennai Port and HMIL entered into an Agreement. Hyundai Motor Company, Korea had designated HMIL as a small car export hub and the Port has been instrumental in Hyundai shipping its cars all over the world and retaining its top exporter status for over a decade. Prior to the Agreement, HMIL exported 3 lakh cars through this Port.
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