Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer, recorded a 21% growth in aggregate sales in October.
Domestic sales grew by 8%. Exports from Hyundai India, which is the largest car exporter in the country, witnessed a healthy growth of 50%. Domestic sales in October 2012 stood at 35778 units compared to 33,001 units in corresponding month of 2011. Exports in Oct 2012 were 23,007 units as compared to 15321 units in October 2011. Aggregate sales were 58785 units as against 48,322 units in Oct 2011.
Commenting on the October sales, Mr Rakesh Srivastava, Vice President- Marketing and Sales, HMIL said, “The festivals brought in positive growth in domestic sales with resurgence in petrol variants. All models showed a growth especially with strong demand of Eon and Elantra. In the coming months the challenge would be to convert customer interest into sales as the general inflationary trend, high fuel prices and interest rates are still keeping the customer sentiment low. Speaking about the growth in exports, Mr Srivastava said, “We are witnessing good volumes in South Africa and Mexico along with many other countries. The i10 and i20 are being particularly well received in these countries.”
Hyundai India Sales:
HMIL sales October 2011 October 2012 Growth (%)
Domestic 33001 35778 8
Exports 15321 23007 50
Cumulative 48322 58785 21
The segment-wise cumulative sales for October 2012 are: A2 segment 50,146 Units (Eon, Santro, i10, i20) The Eon continues to do good numbers in its segment. The recently launched New Gen i20 to is among the leaders in the B+ segment; A3 Segment 7895 units (Accent and Verna) The new Verna continues to offer stiff competition to the rivals; A4 Segment 668 units (Elantra) It may be noted that the recently launched Elantra leads in its segment and is offering tough competition to the older and arguable more popular rivals; A5 segment 20 units (Sonata); SUV 56 units (Santa Fe