Shimla, Feb 26 (UNI) The Sonalika Group has said it plans to export over 5,000 cars worth Rs 300 crore by next year.
The company has already started export of vehicles to Nepal during the first year of its commercial production, while another lot of vehicles would soon be dispatched to South Africa, a company spokesman yesterday said in a statement here.
The company has also signed a memorandum of understanding (MoU) with leading automobile companies of Malaysia and Bangladesh, while negotiations with car companies of Sri Lanka, Indonesia, S Africa, Congo and Algeria were at an advanced stage, he said.
The company was likely to run its plant to full capacity in the next three years and would produce 2,000 vehicles in a month, he said, adding that in due course it was expected to export 24,000 vehicles every year.
UNI
The company has already started export of vehicles to Nepal during the first year of its commercial production, while another lot of vehicles would soon be dispatched to South Africa, a company spokesman yesterday said in a statement here.
The company has also signed a memorandum of understanding (MoU) with leading automobile companies of Malaysia and Bangladesh, while negotiations with car companies of Sri Lanka, Indonesia, S Africa, Congo and Algeria were at an advanced stage, he said.
The company was likely to run its plant to full capacity in the next three years and would produce 2,000 vehicles in a month, he said, adding that in due course it was expected to export 24,000 vehicles every year.
UNI
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