Hyundai Motor to double exports in 2008-09

July 26th, 2008 - 8:00 pm ICT by IANS  

Kolkata, July 26 (IANS) Hyundai Motor India Ltd (HMIL), one of India’s largest auto makers, is striving to double its exports this fiscal, a top company official said here Saturday. After introducing the company’s recent roll-out, the i10 powered by a new 1.2 litre advanced ‘Kappa engine’, Arvind Saxena, HMIL senior vice-president (sales and marketing) said: “the company’s total exports in the previous fiscal stood at around 1,16,000 cars, which is likely to be raised to around 2,30,000 by this fiscal-end.”

The company exported to over 95 countries, in the European Union, Africa, Middle East, Latin America and South East Asia, he said.

The company’s second plant in Chennai has raised production capacity to 600,000 units per annum and a sum of $1 billion has been earmarked for spending during the period 2006 to 2013 in different phases, he said.

The company registered total sales of 327,160 vehicles in the calendar year 2007, recording a growth of 9.2 percent over the corresponding period in 2006, Saxena said.

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