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ian Auto mart did marvels in 2010, the annual even now has been highly successful as manifold car fabrication. Ford India enrolled a growth of 34 per cent in bargains which was more than the previous year, Honda Seil cars reported 18 per penny growth in automobile bargains and Hyundai Motor India recorded 22 per penny growth respectively. Toyota Kirloskar Motor India, recorded a profit of Rs 309 crore along selling 63,824 cars.
Despite Ford India's good sales figure, the company could no cover up the losses it incurred.
Ford India had higher wastage in 2009-10 antagonism its sales diagram of 2010 were very agreeable. As per the yearly reports of Ford India, the enterprise registered a aggregate loss of Rs 1,096 crore. On the other hand, Ford India heaved its creation capability apt two lacs over 1 lacs.
The company too started a new plant engine which has a capacity of 2.5 lacs in one year, which assembles engine since January 2010.
Ford India, launched its first small car Fors Figo ashore Indian terrain which certified to be a successful push for the company. The hatchback car was fired in March 2010 and by October more than 50 [link widoczny dla zalogowanych],000 cars were yet sold. In 2009-10, Ford India started exporting the built up models of [url=/carmodels/Ford/Ford_Fiesta]Ford Fiesta[/url] in South Africa and Ford Ikon was exported in South Africa and Mexico in components which were convened there. For Figo is also creature exported by Ford India to Nepal and South Africa and also with the expansion maneuvers Ford Figo will be exported in Mexico, West Asia, Northern Africa and South USA.
Honda Seil Cars overcame its losses for per the yearly reports which state namely, 2010-11 fiscal year namely decisive for the company and the future growth of the car producers depends on its strategies for future evolution. Honda Seil Motors India [link widoczny dla zalogowanych], in array to capture the small car section market, is coming with one entire new small car. The new car was disclosed in Delhi at the Auto Expo in January this year. As per the company officials, the car will be launched next year.
The anniversary reports also say that, royalty to Honda Motor Company paid by Honda India was Rs 160 crore as the former owns a major peg of Honda Seil Motor India, and also paid acquisitions of Rs 1.05 crore.
Hyundai Motors are rejoicing as it doubled its profit margins. As per Hyundai Motor India's yearly reports [link widoczny dla zalogowanych], the company announced the bonus of Rs 122 crore which was same in the final year. The company royalty was Rs 465 crore. It is a fully owned subsidiary of Korean car marker Hyundai Motors. In 2009-10, it paid its debt of Rs 1,991 crore which was taken from another banks and other fiscal institutions for short term chief absences.