Indian small cars running out of fuel

Indian small-car producers like Maruti and Hyundai Motor have started to shrink as scrappage schemes in various European markets are set to lapse by the year-end. Germany, the biggest market in Europe, and Austria have already said that their scrappage programmes and other countries are all set to wrap up their schemes by December. Maruti had exported over 58,500 units till September 30,2009 with Maruti A-Star accounting for 33,500 units, Nissan Pixo at over 25,000 units and other models contributing about 7,900 units.

Hyundai Motor India (HMIL) that is the country’s largest car exporter, has also benefitted from additional European export orders. Arvind Saxena, HMIL’s senior vice-president for sales and marketing said, We are covered for the calendar year as we get advance export orders. The export orders have lowered and we will start seeing the impact.  HMIL exports the Hyundai i10 and Hyundai i20 models to Europe. On the other side the UK government had offered the customer £2,000 for purchasing a new car and is also extending the offer with additional £100-million funding. Tata Manza and Chevrolet Cruze are the upcoming cars that would rule the Indian market soon.

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