Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered 12.3% growth in Exports for the month of March 2013. The domestic sales accounted for 33,858 units and exports stood at 22,579 units.
Commenting on the sales, Mr Rakesh Srivastava, Vice President, Sales and Marketing, HMIL said, “The slowdown of economy is impacting vehicle sales. Against large base of last year there was a sharp drop in conversion of enquiries in the absence of any positive stimulus and sentiments. We foresee the pressure on volumes to continue till there is significant improvement in macro-economic factors. In the last quarter, Hyundai gained in market share with its strong performance and marketing initiatives as during slow down customers prefer products with higher quality, assurance and aspiration”.
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The segment-wise cumulative sales for March 2013 are: A2 segment 47,678 units (Santro, Eon, i10); A3 Segment 8,143 Units (Accent and Verna); A4 Segment 546 units (Elantra); A5 segment 20 (Sonata); SUV 50 units (Santa Fe).