Chennai, July 27 (IANS) Celebrating a decade of business partnership with Hyundai Motor India Ltd., Chennai Port Trust on Wednesday refunded a wharfage charge of Rs 19.69 crore to the carmaker company, a Hyundai Motor statement said.
The refund cheque was handed over by Chennai Port Trust Chairman Cyril C. George to Y.K. Koo, Managing Director of Hyundai Motor.
Hyundai Motor has shipped out over two million vehicles from India since 2006, when it formally entered into an agreement with the Chennai port authorities.
The company said it has received Rs 165 crore as refund of wharfage since 2006.
Hyundai Motor has been shipping out cars through the Chennai port from 2000 onwards.
Prior to its agreement with the Chennai port, the carmaker had exported 300,000 vehicles through this port.
According to Koo, the association with the Chennai port has not only helped catapult Hyundai as number one exporter for over a decade but also helped the company play a critical role in Hyundai’s global operations.