With the GST rate cuts expected to bring domestic sales back on a growth path, Hyundai Motor India is looking to ride on a ‘double engine’ drive of accelerated sales in the home market and continued momentum in exports, according to a top company official. In the last six to eight months, when the domestic market was slightly sluggish, the company had pressed the accelerator on exports in contrast to the last few years when the focus was on meeting demand in India due to capacity constraints, Hyundai Motor India Ltd (HMIL) Whole-time Director and Chief Operating Officer Tarun Garg said. Stating that the “GST 2.0 reform could really give a fresh impetus to the economy and especially to the car industry”, he said the company expects domestic sales to bounce back.
Source: Business Standard
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