Hyundai adds Getz to its export basket

Tuesday, 27 March 2007, 05:00 Hrs
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New Delhi: South Korean automaker Hyundai exported its first Getz model made in India to Europe and has targeted to ship out 40,000 units of this model there during the current fiscal.
This was the third model from Hyundai's stable of cars manufactured in India to be exported to Europe after Santro and Accent, a statement issued by the company said.

"Given Hyundai Motor Company's global strategy to make India an export hub for small cars, we are today shipping out the first consignment for export of the new Getz to Europe," said the company's India chief H.S. Lheem.

Since its introduction in 2002, the Getz has sold more than 500,000 units in Europe, accounting for close to 70 percent of its total sales worldwide.

"For Indian operations, this is a major milestone as from now on the new Getz will be added to the ever growing list of exported models from India," Lheem added. Hyundai India has so far exported 113,000 cars and by 2008, it hopes to touch 300,000 units.

"It is estimated that around 40,000 units of the new Getz will be shipped out in the current fiscal. Hyundai Motors India expects to increase the export of the made in India Getz to 100,000 units by 2008," the company said.
Source: IANS
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