Hyundai to sacrifice exports for domestic market, hopes to gain from GST

For the full year, the Korean carmaker is eyeing growth of 5-6% in the domestic market

Korean carmaker Hyundai, which has lost its position as the country's largest car exporter to Ford, will rework its growth strategy to continuously expand volumes in the domestic market. 

Unlike most other carmakers, who are sitting on a surplus capacity, the second biggest carmaker is facing a capacity constraint. It is yet to take a call on setting up a new manufacturing facility in India.

"We are conscious of the growth of Indian market. We will continue to rework our production plans with a high focus on the domestic market. We will tweak the domestic and export strategy so that we