Hyundai to consider output cut despite 28% growth

In spite of a 28 per cent growth in the domestic car market for Hyundai Motor India, the company may consider production cuts if the current slowdown continues.

The company is also evaluating price hike to absorb high input costs.

The Director of Sales group, Hyundai Motor India, Mr Y.K. Koo, said the market is becoming increasingly tough faced with credit crunch, news about job losses and tendency to postpone purchase of cars. More
Courtesy: indiacar.net

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