New Delhi, May 30 (UNI) Hyundai Motor India Ltd (HMIL), the country's largest passenger car exporter and the second largest auto manufacturer, today said it will export 2,00,000 units by the end of this calender year.
''We are aiming at exporting over 2,00,000 units, against 1,00,000 units last year by this year-end,'' company's Managing Director and CEO Heung Soo Lheem told reporters here.
Meanwhile, he said the company is developing its small car at its facilities in Korea and also in Hyderabad and Chennai, which is set to hit the Indian market by 2011-12.
''We don't have any immediate plans to fight against the Nano,'' Mr Lheem told reporters on the sidelines of a traffic event.
He added that the small car, which will be smaller than its popular model Santro, will also be launched in other countries.
This move is seen to attract customers in the emerging economies such as India and China, where competition is set to hot up after the Tata's Rs one lakh car 'Nano'.
Motorcycle maker Bajaj Auto had also announed to make a similarly priced car from 2011 in collaboration with Renault and Nissan Motor.
He also felt the pain of surging oil prices, saying there would be a small impact on its sales.
He, however, said the impact will be less than what the other manufacturers will have.
Mr Lheem said that the company has signed an agreement with the UK-based Caparo Group for manufacturing luxury buses in India which is expected to start by early next year.
UNI SBA AK AS1605