Hyundai Motor India Ltd. (HMIL) has said that it was convinced of adding ten new markets to its export map in 2010 and now its cars are sent to 110 countries.
As part of an idea to step up its overseas footprint, the company had already commenced exports to Australia with an initial consignment of 500 cars. It is optimistic of exporting to Australia around 15,000 cars annually.
The company, on Monday, flagged off a fresh export batch of cars. In the process, it became the first car company to export one million cars. It starts its export quest in 1990 with an export of 20 cars to Nepal. It fractious the half-a-million car export-mark in March 2008. And, it has taken slight under two years to ship out of India another half-a-million cars.
Addressing a press conference here to mark this highlight, H. W. Park, Managing Director and Chief Executive Officer, said that in less than a decade HMIL had become a leading exporter of passenger cars with a market share of 66 per cent of the total car export from the country. In this perspective, he also said that HMIL had become the biggest operation of Hyundai Motor outside Korea.
In revenue terms, HMIL's exports encompassed 35 per cent of car exports in 2006. This increase to 50 per cent in 2008 and stood at 48 per cent in 2009.
To a question, he said around 68 per cent of the company's exports was to Europe and comprised mostly i10 and i20 cars. Mr. Saxena said that HMIL excessively was working on a car, smaller than Santro.
As part of an idea to step up its overseas footprint, the company had already commenced exports to Australia with an initial consignment of 500 cars. It is optimistic of exporting to Australia around 15,000 cars annually.
The company, on Monday, flagged off a fresh export batch of cars. In the process, it became the first car company to export one million cars. It starts its export quest in 1990 with an export of 20 cars to Nepal. It fractious the half-a-million car export-mark in March 2008. And, it has taken slight under two years to ship out of India another half-a-million cars.
Addressing a press conference here to mark this highlight, H. W. Park, Managing Director and Chief Executive Officer, said that in less than a decade HMIL had become a leading exporter of passenger cars with a market share of 66 per cent of the total car export from the country. In this perspective, he also said that HMIL had become the biggest operation of Hyundai Motor outside Korea.
In revenue terms, HMIL's exports encompassed 35 per cent of car exports in 2006. This increase to 50 per cent in 2008 and stood at 48 per cent in 2009.
To a question, he said around 68 per cent of the company's exports was to Europe and comprised mostly i10 and i20 cars. Mr. Saxena said that HMIL excessively was working on a car, smaller than Santro.
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