Hyundai domestic sales up by about 19 percent

Posted By: Abdul Nisar
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New Delhi, July 1 (ANI): Hyundai Motor India Ltd, the country's second largest car manufacturer and the largest passenger car exporter, continued to be on a growth trajectory with the domestic sales growing by 18.9 percent in June 2010 over the same month last year.

HMIL domestic sales in June 2010 was 27,366 as opposed to 23,016 in the same period in 2009. Exports, however, took a dip of a little over 22 percent, with 18,888 cars being sold in June 2010 as opposed to 24, 250 vehciles in the same period in 2009.

HMIL's total sales for June, 2010 stood at 46,254 units as against 47,266 units in June, 2009.

For the first half ending June 30, 2010, the domestic sales accounted for 175,121 units as against 135,751 units (Jan-June 2009) registering a growth of 29 percent, while the overseas sales grew by 9.2 percent from 121,074 units (Jan-June 2009) to 132,226 units in Jan-June 2010. The cumulative sales saw a jump of 19.7% with total of 307,347 units in the first half of this year against 256,825 units over the same period last year.

Arvind Saxena, Director - Marketing and Sales, HMIL said, "The domestic market continues to show a steady growth but the exports have slowed down especially in the EU countries in the absence of any fresh incentives from the respective governments there. Our new products have also helped us grow the market here and the recent launch of the Verna Transform should help us to improve our figures in the mid segment further in the coming months. We expect the domestic market to continue to grow in double digits in the second half of this year as well."

The segment-wise cumulative sales for the month of June, 2010 are as follows: A2 segment (Santro, i10, Getz and i20) 42,099 units; A3 Segment (Accent and Verna) 4,137 units; and A5 segment (Sonata Transform) 18 units. (ANI)

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