Hyundai grows at 47.8% in April 2008

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Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter, today announced a cumulative sales growth of 47.8% for the month of April, 2008.

HMIL's total sales for the month of April '08 stood at 40,001 units. While the domestic market accounted for 21,501 units, exports totaled 18,500 units in April, 2008. The cumulative sales for April, 2007 had been 27,069 units with the domestic sales at 15,728 units and exports 11,341 units.

Commenting on the sales, Arvind Saxena, Sr VP, Marketing & Sales, HMIL said, "HMIL sales for April had been robust with a very healthy growth and we feel that the budget has been a contributory factor. The i10 too has done exceedingly well to establish itself as a major player in this segment with domestic sales alone accounting for over 50,000 units in just six months which is the fastest ever for any model and with the highest growth rate in this segment things are looking good for HMIL".

For the quarter ending January - April, 2007 HMI had sold 106,995 cumulative units with a split of domestic 67,947 units and exports 39,048 units. Compared to same period last year the cumulative sales stand at 153,703 units with domestic sales accounting for 89,803 and exports 63,900 units. This translates in to a quarterly jump in cumulative sales of 43.7% with domestic sales growing at 32.2% and exports 63.6%.

The segment-wise cumulative sales in the month of April, 2008 are as follows: A1 Segment 17334 units; A2 Segment 1437 units; A3 Segment 2668 units;A4 Segment 3 units; A5 Segment 50 units; and SUV Segment 9 units.  

Sourced From: IPAN