Many car manufacturers are invading India to make the country a hub for small cars production. The Hyundai Motors being a smart player also plans to make India its global centre for small cars.
The company will use India for manufacturing and exporting small cars and earn higher margins. Cars produced in India are comparatively low in price because of the easy availability of skilled talents as well as low-cost of labour and machinery.
Hyundai has rolled many small cars till date among which few were locally produced. The recognised Hyundai’s i10, launched last November, was manufactured exclusively in India. The upcoming Hyundai’s i20 model will also be solely manufactured in India.
Hyundai’s i10 belongs to the ‘A’ segment whereas the upcoming i20 will belong to the ‘B’ segment. The company wishes to line up a portfolio of small cars to offer a wider choice to Indian customers.
Hyundai has set a sales target of around 530,000 units for both the domestic and export market. But inflation and high fuel prices are taking a toll on car sales, thereby reducing the margin.
May be by the end of this year, things get sort out and Hyundai gets a brighter era to continue the launch of its innovative models.
Labels: Car-Manufacturers, Hyundai, Small-Cars
2 Comments:
Good! Nothing new. This is something that was actually expected. The recent news says that the car manufacturers all round the world are targeting India to make India their small car hub and Hyundai is no exception. The small car production of Nano has exclaimed all the manufacturers and has gained potential and lucrative opportunities for the country.
With the increasing fuel prices everyone of us wish to use small cars as they are more fuel efficient when compared to the midsize segment cars. I like Hyundai cars especially Santro and cool i10 these two are rocking cars in the market. So when the car manufacturer is making India as a center to manufacturer. Thats really amazing to be heard
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