<p>South Korean auto major Hyundai Motor Company is looking at increasing sourcing components from India for its global operations.<br /><br />Currently Hyundai sources only a negligible percentage of components from India for its global needs but wants to increase the level.<br /><br />"India can be a hub for the components industry. Hyundai will increase (sourcing) from India," Hyundai Motor Company Senior Vice-President (Asia & Pacific Division) Young-Kil Chun said here.<br /><br />He, however, added that for India to emerge as a major outsourcing hub for components, it would need to improve and maintain the quality of products.<br /><br />"We do have our vendors based in India who have helped us localise, but if India is to become a global outsourcing hub then a very important issue needs to be addressed first, which is the need to maintain consistent quality," Chun said.<br /><br />Hyundai already sources up to 85 per cent of the components locally for the cars it makes in India, the company's second-largest market in the world.<br /><br />Chun said the company has reduced production at the Indian plants in view of the worldwide slump.<br /><br />On whether Hyundai had plans to bring out a model to compete with the Tatas' Nano, Chun replied in the negative.<br /><br />"We do not have plans to compete head-on with the Nano, although we will come up with a small car in the next two-three years, which will be placed below the existing Santro.<br /><br /> But overall we feel that the launch of the Nano will expand the market and once that happens, it will be good for all manufacturers including Hyundai," he said.<br /><br />Asked about the company's plans of getting into commercial vehicles in India, Chun said: "We do not have any plans right now. There’s no competitiveness in that market for us –- there are Tata and Mahindra."</p>
<p>South Korean auto major Hyundai Motor Company is looking at increasing sourcing components from India for its global operations.<br /><br />Currently Hyundai sources only a negligible percentage of components from India for its global needs but wants to increase the level.<br /><br />"India can be a hub for the components industry. Hyundai will increase (sourcing) from India," Hyundai Motor Company Senior Vice-President (Asia & Pacific Division) Young-Kil Chun said here.<br /><br />He, however, added that for India to emerge as a major outsourcing hub for components, it would need to improve and maintain the quality of products.<br /><br />"We do have our vendors based in India who have helped us localise, but if India is to become a global outsourcing hub then a very important issue needs to be addressed first, which is the need to maintain consistent quality," Chun said.<br /><br />Hyundai already sources up to 85 per cent of the components locally for the cars it makes in India, the company's second-largest market in the world.<br /><br />Chun said the company has reduced production at the Indian plants in view of the worldwide slump.<br /><br />On whether Hyundai had plans to bring out a model to compete with the Tatas' Nano, Chun replied in the negative.<br /><br />"We do not have plans to compete head-on with the Nano, although we will come up with a small car in the next two-three years, which will be placed below the existing Santro.<br /><br /> But overall we feel that the launch of the Nano will expand the market and once that happens, it will be good for all manufacturers including Hyundai," he said.<br /><br />Asked about the company's plans of getting into commercial vehicles in India, Chun said: "We do not have any plans right now. There’s no competitiveness in that market for us –- there are Tata and Mahindra."</p>