Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered a sales growth of almost 5.4 % in the month of February 2013. The domestic sales accounted for 34,002 units compared to 36,805 units for the same month last year. Exports accounted for 20,663 units in February 2013 as compared to 15,050 units for the same month last year.
Commenting on the sales, Mr Rakesh Srivastava, Vice President, sales and marketing, HMIL said, “The market was suppressed as there was drop in enquiries with lower rates of conversions to purchase. The increase in fuel prices negatively impacted the already low market sentiments. We expect the challenge to continue in the next quarter until there is a significant change in macro-economic conditions.”
The segment-wise cumulative sales for February 2013 are: A2 segment 46,387 units (Eon, Santro, i10, i20); A3 Segment 7,722 units (Accent and Verna); A4 Segment 470 units (Elantra) ; A5 segment 20 units (Sonata); SUV 66 units (Santa Fe).