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Archive for October 27th, 2007

Hyundai aims non-EU market for doubling exports

Published October 27th, 2007 in Hyundai Motors. 0 Comments

Hyundai Motors, the largest car exporter from India, is aiming to more than double its overseas shipments to three lakh units by next year, for which it is venturing into new non-European markets.

“In line with our strategy to make India a global hub for exports of small cars, we are aiming to more than double our shipments from here,” Hyundai Motor India Ltd (HMIL) Managing Director and CEO H S Lheem told media. More
Courtesy:economictimes.indiatimes.com

Tyre Corpn divestment cleared

Published October 27th, 2007 in tyres. 0 Comments

The Government has approved steps for disinvestment in Tyre Corporation of India, under which it will allow the public-sector enterprise to form a joint venture with a private company. ?The Union Cabinet has given its approval for making necessary amendments in TCIL Bill, 2007 pending in Lok Sabha. More
Courtesy:www.indiacar.net

Interest rates, competition affect Ford sales in 2007-08

Published October 27th, 2007 in Ford India. 0 Comments

Ford India, the local unit of the US carmaker, today said high interest rates and increased competition impacted its sales in the current fiscal but demand was picking up in the festival season.

“It’s hard to predict whether we would be able to improve our sales in the current fiscal or not. The competition in the segments where we are present has increased and also the high interest rate regime was leading to an overall slowdown in the industry,” Scott McCormack, Ford India vice-president for marketing, sales and service told PTI. Read more
Courtesy:economictimes.indiatimes.com

Nissan may export low-cost India-made cars to US

Published October 27th, 2007 in Nissan. 0 Comments

Nissan Motor may eventually export low-cost Indian-built cars to the US if the Japanese carmaker can modify them for the world’s biggest auto market.

The vehicles could cost less than 5,000 dollar in the U S even after modifications to meet local safety and emission standards, Chief Executive Officer Carlos Ghosn told reporters at the Tokyo Motor Show. The models will likely cost about 3,000 dollar in India, he added. Read more
Courtesy:www.indiacar.net

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