Hyundai India Domestic Sales Grow by 24.2% in July

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 24.2% over the same month last year.

HMIL's total sales for July, 2010 stood at 50,411 units as against 45,539 units in July, 2009 registering a 10.7% cumulative growth over the same period last year. The domestic sales accounted for 28,811 units as against 23,193 units in July, 2009 while the exports declined by 3.3% from 22,346 units in July, 2009 to 21,600 units in July, 2010.

Commenting on July, 2010 sales, Arvind Saxena, Director - Marketing and Sales, HMIL said, "The recently launched Verna Transform along with the tried and trusted Accent helped us consolidate our position in the mid segment. The increased demand clearly shows that the recently launched Verna Transform has been well received by our customers. The market continues to be positive and in the next quarter we expect the trend to continue with the onset of the festive season".

The segment-wise cumulative sales for the month of July, 2010 are as follows: A2 segment (Santro, i10 & i20) 44,522 units; A3 Segment (Accent & Verna) 5,858 units; A5 segment (Sonata Transform) 31 units.

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. HMIL presently markets 6 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna Transform, the A5 segment includes the Sonata Transform.

Source: Hyundai Motor India Limited