Lifan Cars, a China-based auto manufacturing company is set to further expand its car export market and has eyed the Philippines as its next target. Already exporting cars to over 100 countries, Lifan Cars is planning to make a big splash in the Philippine market via its LF520 mid-size sedan.

LF520 has been exported to over 50 countries including Russia, Vietnam, Iran, Chile and Venezuela. Lifan Cars plans to introduce to the local market at least three car models this year.

Lifan Cars is a unit of China-based conglomerate Lifan Group with operations in the financial/banking sector, real estate, football industry and research and development.

Lifan Group has also been engaged in the production of trucks, buses, motorcycles, and car engines and subsequently ventured into automobile production.

(Source) GMA News

Tags: automobile production, car engines, car models, exporting cars, lifan group, manufacturing company, mid size, motorcycles, philippines, research and development, venezuela, vietnam

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India’s largest car manufacturing company, Maruti Suzuki India (MSIL) has been resuscitated and it looks like they are making another go at exporting smaller cars to Europe. It has been 4 years since they stopped exporting cars and this time around, they are kicking of their trade by planning an initial export of 1,500,000 cars.

The pilot consignment, comprising 1,534 A-Star cars for export to the UK (1,458) and Italy (76), is expected to reach the European ports by early February 2009. Maruti Suzuki had started exporting its cars in 1985-86 to Europe, but stopped in 2004. The company has exported over 552,000 units cumulatively with about 280,000 units to Europe and Israel.

If you look at it, it is a great time of re-entry for MSIL. Considering the demand for smaller cars are growing these days, the sales potential has indeed become lucrative in the market. And for car buffs looking at various models and pricing of cars, MSIL may just be able to pull out some great deals to continue their venture which last came in 2004.

(Source) Economic Times

Tags: Europe, european ports, exporting cars, India, Italy, manufacturing company, maruti suzuki, star cars

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