Though the projection is moderate, the company, which registered a 4% growth in domestic sales during 2012, hopes to take it forward to 6% in CY13 with greater thrust on the domestic market, coupled with the launch of 2-3 products during the year, said Bo Shin Seo, managing director and CEO, HMIL.
Seo said: Though numbers matter, Hyundai globally believes that quality and brand will take it to new levels; Indian customers, too, are looking for the same.
He added: Our domestic sales and export ratio has reversed from 40:60 two years ago to 60:40. Though exports are inevitable and important, our focus will be more on the Indian market and we hope to reduce the exports further going forward with a slew of launches over the next few years.
R Sethuraman, director (finance and corporate affairs), said: We can meet the rising demand of both the domestic and export markets. We can produce 6.7 lakh units now and with debottlenecking, the production can be further increased to 7 lakh units. If we feel pressure, we have plants across the globe to meet part of our export obligations.
To a question on the new plant, Sethuraman said: We have no plans for a new plant at this point of time, at least for the next two years. We feel comfortable and Hyundai has enough capacity to meet both the domestic and export markets.