Buy cars, Sell Cars, Used cars, New Cars

Welcome, Guest! | My Account | Login

 
Title of Form
 
You are here: Home  > Vehicle News & Reviews > News Articles > Hyundai Plans to Increase its Export Car Sales

Hyundai Plans to Increase its Export Car Sales

23 February, 2010, 10:10 IST by Payal Pathak

Hyundai Motors India limited is India’s largest car exporter. The company has received a little fall in its export sales ever since the scrappage scheme in Europe has been called off. The company now intends to capture diversified international market to increase its export car sales. Hyundai intends to export 2.6 lakh units in 2010 by penetrating new markets with its most successful compact car model – Hyundai i20.

"Our share of exports has been steadily growing from 35% in 2006 to about 50% in 2008. In the coming years, about 55% of our volumes are expected to come in from domestic sales and balance 45% from international market," said Arvind Saxena, HMIL, Director and Board Member.

India is HMIL’s largest export hub outside Korea. It currently exports its models like, Santro, i10, i20 and Accent to 110 countries from India. Its major market still remains Europe but now the company's products are gaining popularity in newer markets like Middle East and North Africa - in fact, Santro is extremely popular in markets like African countries, Mexico and Latin America.

Always up to date with the latest Auto News from India?
Fill in your email address and click go to get it delivered to you!

Comments on this article


Iam planning to purchase anew car santro x wing
what is the mileage of this car .
how the car performance in indian road.
What is the most field complaints of this model
Thanks and Regards,
Pillai.
K PILLAI (February 23, 2010)
Post your comments here
Name:
Email:
Comments
  I want to upload picture(s) with my comment (optional)
Security Check
  Please type above code in the below box.
Click here if you cannot understand above code.
Code
 

Related News Articles

Cars:
Bikes:

 



© 2006 - 2011 CarTrade.com   Privacy Policy | Terms & Conditions | Give Feedback/Report Bug | Careers