Hyundai registers 66% growth in sales in March, 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 record sales growth for the month of March, 2008.

The company registered a robust growth in the month of March 2008, its highest ever monthly sales since inception, as it recorded an overall growth of 66.4% in March, 2008 over the same month last year. The domestic sales grew by 52.3% while the exports grew by 96.9% over March, 2007.

The total sales stood at 47,001 units. While the domestic market accounted for 29,401 units, exports totaled 17,600 units in March, 2008. The cumulative sales for March, 2007 had been 28,239 units with the domestic sales at 19,300 units and exports 8,939 units.

The upward trend was also reflected in the month of January, 2008 wherein HMI had posted the highest ever cumulative sales of 37,700 units. For the quarter ending January - March, 2007 HMI had sold 79,926 cumulative units with a split of domestic 52,219 units and exports 27,707 units. Compared to this in the quarter ending March, 2008 the cumulative sales stand at 113,702 units with domestic sales accounting for 68,302 and exports 45,400 units. This translates in to a quarterly jump in cumulative sales of 42.2% with domestic sales growing at 30.8% and exports 63.8%.

Commenting on the record sales, H S Lheem, Managing Director, HMIL said, "We are absolutely delighted by our sales touching an all time high and we believe it shows the strength of the Hyundai brand. The newly launched compact i10 has done phenomenally well and is on its way to becoming a very popular car. Also with the commissioning of our new plant we are now in a position to meet the growing demand for the domestic as well as our overseas customers and this will help us strengthen our position in the market"

The segment-wise cumulative sales in the month of March, 2008 are as follows: A1 Segment - 41,259 units; A2 Segment - 5,690 units; A3 Segment - 10 units; A4 Segment - 37 units; and SUV Segment - 5 units.

Sourced From :IPAN