Hyundai India sales set to beat China
Hyundai Motor India, the country’s second largest passenger car manufacturer, is very close to being the largest contributor to its parent company, Hyundai Motor Corporation (HMC) of Korea, in terms of sales and may soon overtake the company’s subsidiary in China. Currently, Hyundai’s cumulative sales in China between January and September stood at 4,12,399 and India is close behind at 4,05,689 units, a difference of mere 6,710 units.
“India contributes 15-17% to the total sales and revenues of HMC and the growing demand for small cars will help us increase our profits further in 2010,” HW Park, the newly-appointed managing director and CEO of Hyundai Motor India (HMIL) said. Hence, given the pace of growth, India is likely to outpace China by next year.
According to Park, after the scrappage incentives that have been doled out by various countries in the West,
To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com
“India contributes 15-17% to the total sales and revenues of HMC and the growing demand for small cars will help us increase our profits further in 2010,” HW Park, the newly-appointed managing director and CEO of Hyundai Motor India (HMIL) said. Hence, given the pace of growth, India is likely to outpace China by next year.
According to Park, after the scrappage incentives that have been doled out by various countries in the West,
To read the full article, click here...
To read the ePaper, visit: http://epaper.financialexpress.com
posted by PressMart Team at
11:22 AM
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