labels: daewoo motors india
Matiz sales risenews
04 January 2000

There is a spurt in demand for Daewoo Motors India’s small car, Matiz. The company says it received more than 6,000 orders against full payment in December 1999. The company claims this is a nearly 220 per cent increase compared to orders it had secured in November 1999.

Daewoo has been able to supply 4,045 cars against these orders. The number includes some 225 cars that have been exported. The company India has recently secured an Italian order for 2,500 Matiz cars The cars will be exported in the first half of 2000. The first consignment of 500 cars will be shipped by mid-January, and the rest will be despatched in monthly consignments of 500 units. Indian-made Matiz cars have already found their way to Egypt and Sri Lanka.

Daewoo Motors India’s managing director, S.G. Awasthi, says Daewoo is giving preference to the domestic market and to that extent exports have received less emphasis. The company has a delivery backlog of over 3,000 cars at present. The only solution is to step up production, and the company is planning to do just that. On an average, Daewoo Motors India makes 150 cars a day now.

Matiz production is at its peak in Daewoo''s Korean plant, which is hard-pressed to meet the Indian demand for essential parts as it has also to look after other export obligations. In the eight-month period ended November 1999, Daewoo Motor Company of Korea exported 36,592 Matiz cars to Italy although the vehicle is priced about $1,000 higher than other Korean-made small cars.

Daewoo Motors India has also developed a compressed natural gas version of the Cielo, the company’s first model for India. The CNG-run car will be on display at the Auto Expo to be held in New Delhi in January 2000. This model will be sold exclusively in the Indian market. Mr Awasthi feels that CNG versions of other models – including the Nexia -- will be introduced over a period of time.

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Matiz sales rise