This year demand being low in the domestic market, the company increased its export volumes by asking distributor partners in various markets to take volume from India, he added.
The increase has been necessitated on account of rise in input and material costs, Hyundai said
As a part of its 'Strategy 2025', the company aims to sell 670,000 electric vehicles annually
He earlier served as Executive Director - Marketing, Parts & Logistics at Maruti Suzuki India
The South Korean carmaker unveiled a 'Strategy 2025' roadmap that envisaged annual average spending of 10 trillion won, higher than previous years, and up from a 2018 figure of 6.1 trillion won
The vehicle has already achieved 90,000 bookings and is gearing up to expand its export footprint
Market leader Maruti Suzuki India said the sales during the day were good, but did not share exact numbers
PV exports stood at 3,65,282 units in April-September period of the current fiscal as compared with 3,49,951 units in the same period of 2018-19.
The new model comes with 2 litre petrol powertrain mated with six-speed manual and automatic transmissions.
It also plans to expand its sales infrastructure in rural areas and small towns which currently account for around 20 per cent of annual sales
In comparison, Maruti Suzuki has seven petrol models that are now BS6 emission norms compliant
The company is targeting millennials with the Nios, which means 'more', offering 'more value, more features, more space and more excitement'
The company claims that the Kona EV delivers a range of 452 km in one single charge under standard testing conditions.
The Korean automobile company recently launched an electric car named Kona in India
The reduced Kona Electric price is effective from August 1, 2019
The sale of Venue grew by 9.3 per cent to 9,585 units in July 2019, as compared to 8,763 units in the previous month
The company sold a total of 59,590 units in the same month last year, HMIL said in a statement
Hyundai is set to launch the SUV Venue on May 21
The company will face stiff competition in the sub-4 metre compact SUV segment from the likes of Maruti Suzuki Vitara Brezza, Tata Motors Nexon, Mahindra XUV300 and Honda WR-V
Hyundai Motor India will increase its production capacity by 100,000 units