Thursday, September 11th, 2008
Hyundai Motor India Ltd. (HMIL) is planning to boost its exports by about eight percent. In addition to making India its small car hub, Hyundai is also increasing the number of its R&D personnel in the country by four times and the company plans to start exporting engines from its Chennai plant in 2009.
‘In the first half, about 42 percent of our produce was exported to over 95 countries. But with the slowdown in the domestic industry, it is likely to increase up to 50 percent for the second half,’ said Heung Soo Lheem, MD and CEO, HMIL.
HMIL, which is currently celebrating its 10th Anniversary in India, will produce 530,000 units in this year, of which about 270,000 units will be exported. ‘From next year, we will increase our production capacity to 630,000 cars, including 20,000 CKD units, by starting a third shift,’ says Lheem.
HMIL currently exports Santro, Getz, i10 and Accent cars across the world. After the i20 is introduced in the Indian market, it will replace exports of the Getz. Meanwhile, HMIL will also start exporting CKD kits to Turkey and other Asian countries from 2009.
[Via: Indiaautomotive]
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Sunday, August 24th, 2008
With the launch of its new hatchback (which would be based on the A-Star concept) just two months away from now, Maruti Suzuki is preparing to boost sales in the domestic market and also increasing its focus on exports. Maruti hopes to be exporting 200,000 cars per annum by 2010-11.
‘We had exported about 53,000 cars in 2007-08, and that was the highest ever so far. Now, we have set the target to export 200,000 cars annually by 2010-11. We see major sales coming from A-Star, which will be manufactured exclusively by Maruti for Suzuki Motors Corporation’s (SMC) global markets. It will mainly be exported to Europe and other markets. Maruti wants to become SMC’s exclusive base to manufacture small cars for its global markets,’ says Shinzo Nakanishi, MD, Maruti Suzuki India.
In the meanwhile, there are reports of Maruti having to deal with a large backlog of bookings for its compact sedan, the Swift Dzire . Since the car was launched in March this year, Maruti has delivered 22,000 units of the Dzire, while a backlog of more than 20,000 bookings remains to be served.
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Wednesday, June 25th, 2008
In a bid to boost the sales of its compact hatchbacks, Hyundai Motor India is now offering fuel voucher worth Rs. 2700 with every Santro or i10 bought between june 20 to june 30th. According to Hyundai Motor India, Senior Vice-President Arvind Saxena “This is our way of helping customers cope with increased fuel costs and to demonstrate that the hike translates into just Rs 2,700 additional fuel bills for a period of 6 months, given the fuel efficiency of a Santro or an i10″. The company said the free fuel offer corresponds to the amount a customer would have to pay for in the first six months because of the fuel price. The calcualtions are based on a daily travel of 50 km, the company added.
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