When the government announced excise duty sops for small cars earlier this year, many automobile industry experts had doubts about whether the move would actually help India become a global hub for such cars. But, within six months of the policy initiative, it has become obvious that global car makers are indeed pulling out all stops to make this country an export hub for their vehicles.
Japanese giant Suzuki Motor Corporation has already set itself an ambitious target of exporting 40% of its total production, or four lakh vehicles, from India by 2010, against only about 50,000 at present.
Hyundai Motor Company is set to follow suit, with its Indian operations targeting exports of 50% of the total production, or three lakh units. And Hyundai is expected to beat Suzuki by at least three years, since its three lakh car export capability would be achieved next year itself.
Japanese giant Suzuki Motor Corporation has already set itself an ambitious target of exporting 40% of its total production, or four lakh vehicles, from India by 2010, against only about 50,000 at present.
Hyundai Motor Company is set to follow suit, with its Indian operations targeting exports of 50% of the total production, or three lakh units. And Hyundai is expected to beat Suzuki by at least three years, since its three lakh car export capability would be achieved next year itself.
No comments:
Post a Comment