Hyundai hopes to achieve 6 lakh unit mark in India

Hyundai hopes to achieve 6 lakh unit mark in India

Hyundai Motor India Ltd. (HMIL), which is the second largest car maker in the Indian market following Maruti Suzuki, is targeting to achieve the sales mark of 600,000 units in the calender year 2010. The company sold 5.6 lakh units in same period, last year. HMIL's market share was 20.6 percent in the year 2009 and it will go up by 0.1 percent this year, said Mr Hyundai Motors India Limited managing director and chief executive H.W. Park. He was speaking at the launching ceremony of the new Hyundai Verna Transform in India.

Mr Hawk added that around 52 percent of the company's sales was in the domestic market and the remaining 48 percent was from exports made to the foreign markets. He further said that company's domestic sales will be increased to 57 percent this year.

The company is also planning to launch a 800cc compact-car in India at the Indian auto expo 2012. The car has been designed and developed keeping in mind the requirement of the Indian buyers. The next Auto Expo in 2012 will be the ideal platform to unveil the car, as per a statement given by a Hyundai official to a leading news daily in India. After its launch, the car will compete with India's best selling car Maruti Alto in the Indian market.

Mr Hawk added that around 52 percent of the company's sales was in the domestic market and the remaining 48 percent was from exports made to the foreign markets. He further said that company's domestic sales will be increased to 57 percent this year.

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