Hyundai demands economic growth

| 08 September 2000 09:29 IST

Car market can grow in India only with growth in its economy and not merely with sops provided for the automobile industry, feels Y S Kim, managing director of Hyundai Motor India Ltd.

During his first ever visit to the tourist state here, Kim said he would prefer concentrating more on providing state of the art technology, efficiency and durability to the customer rather than demanding incentives and facilities from the government in terms of reduction in taxes etc.

"With lots of choices being made available to the Indian customer, the automobile market has demanded competitiveness from us. We are fully prepared to face this challenge", Kim said.

Adding to it further, B V R Subbu, marketing and sales director, said the Hyundai group would demand from the government to take all possible measures for the country's economic growth and building infrastructural facilities to the people, which would eventually help the automobile industry to grow.

Stating that India has a huge potential for the car market to grow at the growth rate of 15 to 17 per cent annually, Subbu feels that hike in petrol prices would have marginal impact on the car market. "The car market entirely depends upon the lifestyle of the people", he opines.

Claiming that Hyundai has superior service centres than Maruti in terms of coping up with technological advancement and quality service, he said the HMIL would open up 63 more such centres to the existing 107, including two in Goa.

Also claiming to have been ranking second in the car market after Maruti by achieving sale of 1.25 lakh last year, Subbu informed that following Santro, its new model Accent is also well-received in the export market, including the SAARC countries and South East Asian countries including Indonesia and Malaysia.

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