Hyundai Motor to double India output
Hyundai aims to more than double annual output in India to 600,000 units by 2007.india Updated: Feb 09, 2006 12:10 IST
Hyundai Motor Co, South Korea's biggest auto maker, said on Thursday it aims to more than double annual output in India to 600,000 units by 2007, upon completion of a second factory.
The expansion plan was intended to raise its market share in the emerging market to more than 20 per cent, led by sales of small-sized cars, the company said in a statement.
In 2005, Hyundai had an 18 per cent market share in India, a company spokesman said by telephone.
First Published: Feb 09, 2006 11:34 IST