HMIL sales up 52.3% at 29,401 units

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New Delhi, Apr 1 (UNI) Hyundai Motor India Ltd (HMIL), country's leading car manufacturer, today said its domestic sales grew by 52.3 per cent to 29,401 units in March 2008 compared to 19,300 units in the same month last year.

The company registered a robust growth in the month of March 2008, its highest ever monthly sales since inception, as exports grew by 96.9 per cent to 17,600 units compared to 8,939 units in March, 2007.

This translates into an overall growth of 66.4 pr cent (both domestic and export sales) in March, 2008 at 47,001 units compared to 28,239 units over the same month last year.

For 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.

In the quarter ending January - March, 2007 HMIL had sold 79,926 cumulative units with a split of domestic 52,219 units and exports 27,707 units.

This translates into a quarterly jump in cumulative sales of 42.2 per cent with domestic sales growing at 30.8 per cent and exports 63.8 per cent.

Commenting on the record sales, HMIL Managing Director H S Lheem 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, he added.


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