Hyundai to increase overseas presence in 2010
Hyundai Motor India Ltd would increase its overseas presence in 2010 by adding ten new markets starting with Australia, a top company official said in Chennai on Monday.autos Updated: Feb 22, 2010 19:39 IST
Hyundai Motor India Ltd (HMIL) would increase its overseas presence in 2010 by adding ten new markets starting with Australia, a top company official said in Chennai on Monday.
"We started our exports with 20 Santro cars to Nepal in 1999.Gradually we increased it to various markets and exported 1,500 Santro cars for Europe. We have been exporting Santro, i10, i20 and Accent to 110 countries. Now, we have planned to add 10 new markets, starting with Australia" Hyundai Motor India Managing Director H W Park told reporters here.
The company today shipped around 500 units of i20 range of models to Australia, he said.
According to company executives, the company has been exporting its "Getz" model from Hyundai Motor Corporation, Korea to Australia. However, this is the first time that they are exporting i20 range of models from India and planned to export 10,000-15,000 units by year-end,the sources said.
HMIL Vice-President Arvind Saxena said "Last year we exported 2.48 lakh units, this year we are planning to take it upto 2.60 lakh units".
On projected exports figure, he said 50 per cent would constitute i10 range of cars while the remaining would be a mix up of other models.They aimed to reach a market share of 20.6 per cent to 21 per cent as far as domestic market was concerned.The company had sold 3.20 lakh units last year.
On shifting of production of i20 range of cars from India to their plant in Europe,he said "Some production (of i20s) would be shifted to Turkey plant as planned".