Hyundai's domestic sales grew by 34% over June

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered an impressive growth in the month of June 2008, as it recorded an overall growth of 45.3% over the same month last year. Also with the global success of the i10, the exports grew by 61.7% while the domestic sales grew by 34% over June, 2007. The total sales stood at 40,182 units. The domestic market accounted for 21,881 units, compared to a 16,335 units for the same month last year, the exports totaled 18,301 units in June 08, against 11,318 units of June ‘07.

Hyundai Motor India since the commissioning of its second plant in February 2008 has added to its production capacities and is in a position to meet its requirements in both the global and the domestic market. Compared to the first half (Jan – June), 2007, HMIL’s cumulative sales has grown by 45.2% and the domestic market by 34.9% while the exports grew by a staggering 62.2%. Sales for Jan- June, 2007 stood at 161,296 units with domestic accounting for 100,925 units and exports stood at 60,371 units. In the same period in 2008 HMIL had clocked cumulative sales of 234,145 units with domestic figures at 136,194 units and exports at 97,951 units.

Commenting on the June, 2008 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “At a time when the industry is already under tremendous pressure because of the higher interest rates, the rise in fuel costs and the rising inflation it is indeed very heartening to see that Hyundai products continue to be an affordable and attractive buy for most car buyers and this is a clear indicator of the quality of our products and the trust that Hyundai brands enjoy not only in the Indian market but also in the overseas market. Our sales throughout the first half have grown steadily and in the overseas market the newly launched i10 sold well over 1 lakh units in less than six months since its launch. We are positive that we will be able to keep the momentum going in the coming months.”

The segment-wise cumulative sales in the month of June, 2008 are as follows: A2 Segment (Santro, i10 & Getz): 33,859 units; A3 Segment (Accent & Verna): 6,272 units; units, A5 Segment (Sonata Embera): 47 units; and SUV Segment (Tucson): 4 units.

Sourced From: IPAN