Hyundai expects to sell 5.5 lakh units | autos | Hindustan Times
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Hyundai expects to sell 5.5 lakh units

autos Updated: Aug 28, 2009 11:34 IST

Hyundai India Motor Limited on Friday said it expects to sell about 5.5 lakh units, including exports, this fiscal year.

"We expect to export about 2.7 lakh vehicles and about 2.8 lakh in the domestic market," HS Lheem, MD and CEO of Hyundai Motor Limited told reporters on the sidelines of a SIAM (Society of Indian Automobile Manufacturers) conference in New Delhi.

Lheem said the company will shift the production of its i-20 model for export purposes to Europe mid-next year due to logistical reasons. The company expects better sales in the upcoming festive season.

"We expect to sell around 40,000 i-20s this year," Lheem said.

Hyundai will also ramp up its production from two shifts to three, which will increase the capacity from 2,000 units a day to about 2,500 units, from Sep 14.