Hyundai’s Future Projects

Hyundai motors do not seem to be very much affected with their export dreams for India with the appreciation of the rupee. With the launch of i10, the car maker is expecting its export growth going high to 1.20 lakh units compared to 1.15 lakh in 2006.

Recently launched i10 has already won many hearts increasing their sales figure too. This sporty looking car carries an affordable price tag. The LPG version for Santro will be also launched by this year giving them another good reason to hike their sales. The company saw a fall in their sales due to shortage in the manufacturing volume for a year and half in the past but now they are slowly recovering with their new launches.

Hyundai’s Chennai plant will be concentrating on the small cars segment like Getz and Santro. And with the operation of the second plant this year, the export will be double for Getz and Santro cars to European and other markets such as South Africa and South America from 2008. Beside their domestic market the company is also concentrating exporting advanced version of Santro cars to Europe, West Asia and African markets.
Hyundai Elantra is also expected a new avatar by replacing it with ‘Avante’ that will be rolling out by mid 2008. Elantra was stopped commercially, as had always been struggling to find its place amidst its peers that have been posting impressive sales in India. But to be on the stands of Honda Civic, Chevrolet Optra, Skoda Octavia and Toyota Corolla in D-segment, the new avatar of Elantra r would be priced between Rs 10 lakh and Rs 12 lakh.
Hyundai Motor’s maps India is its plan of becoming small car specialist and India would take the major share of it. They expect production in India to account for 30 per cent of overseas production by 2009.