Hyundai Motor India Ltd (HMIL) said on January 11, 2010 that the company expects a 9-11 per cent growth in sales this year, although it expects exports to be flat when compared to 2009.

According to Mr Arvind Saxena, Director, Sales & Marketing, HMIL, the company expects to see lower or flat exports in 2010 due to the withdrawal of stimulus in most European countries, which was driving the growth last year. European markets contribute to nearly 50 per cent of Hyundai India's total exports, especially with the success of the i10 and i20 models.

"The outlook for 2010 looks positive depending on the continuation of the stimulus by the Government and lower interest rates,," he said.

HMIL had posted an 18 per cent growth in sales last year at 2.9 lakh units. Riding on the incentives in the European markets, exports in 2009 grew 10 per cent at around 2.7 lakh units. Its two factories near Chennai have a combined production capacity of 6 lakh cars a year.

Responding to a query on whether the electric version of the i10 will be launched in India, he replied in the negative but said that it will see a limited production run from their factory in Korea by the end of the year. HMIL is also likely to add 35 new dealers in India by the end of 2010, he added.