Hyundai Motor is working on a car smaller than Santro and it is expected to be launched in the Indian market in a couple of years, said Arvind Kumar Saxena, Director (Marketing and Sales) of HMIL.
Talking to reporters, Sexena, in the presence of the company’s zonal manager (South) Y S Kim, said that the new model in the making will not be a small car like the Nano.
He said that HMIL’s norms of standard do not permit manufacture of a small car like Nano.
The senior officials were here in connection with the inauguration of HMIL’s second dealership in Thrissur district - MCP Hyundai - at Thrithallur on NH 17 on Friday. Promoted by M C Mohammed Kutty, the new dealership is spread across a built up area of 44,000 sq. ft with sales, service and spares facility and will showcase the entire range of Hyundai cars.
This is the 19th dealership in Kerala taking the total number of dealers in the Southern region to 46.
The HMIL officials said that currently the company enjoys a market share of 20.6 percent in the South and 16 percent in Kerala, which the company hopes to increase to 22 percent and 20 percent respectively by the end of the current year. The company sold 19,603 units in Kerala last year.
They said that HMIL registered t o t a l s a l e o f 5,59,880 vehicles last year, which is an increase of 14.4 percent over 2008.
In the domestic market, it clocked a growth of 18.1 percent as compared to 2008 with 2,89,863 units while in the overseas market, its sales grew by 10.7 percent with export of 2,70,017 units.
With the commissioning of its second plant in February 2008, the total production capacity of HMIL has gone up to 6,00,000 units per annum now.
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