Hyundai Domestic sales up by 18.9%

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 % in June 2010 over the same month last year.

HMIL’s total sales for June, 2010 stood at 46,254 units as against 47,266 units in June, 2009. The domestic sales accounted for 27,366 units as against 23,016 units in June, 2009 registering a growth of 18.9 % while the exports declined by 22.1% from 24,250 units in June, 2009 to 18,888 units in June, 2010.




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 % while the overseas sales grew by 9.2 % 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.”

Source:- Hyundai Domestic sales up by 18.9% - New Cars