Hyundai Motors attains 10.9 percent growth in its Aprils domestic sales

Friday 04 May 2012, 11:28 AM by

Hyundai Motor India Limited witnessed growth of 10.9 per cent in its domestic sales in April 2012. More than 35,070 units of vehicles were sold by the second largest car manufacturer in India. However, a moderate growth of 4.9 percent has been attained by the company in its cumulative sales. The cumulative sales of the car maker were 52,057 units in April 2012 compared to 54,606 cars sold in the similar period last year.

Mr. Arvind Saxena, Director, Marketing and Sales, HMIL said, “Consumer confidence continues to be weak, prices went up following the excise hikes in the Union Budget and interest rates are yet to come down. Given the present conditions it’s a challenging market.”

Against 20,421 units of vehicles exported in last April, the company exported 19,536 units in April 2012 registering downfall of 4.3 per cent. The cumulative sales of the hatchback car segment comprising i10, Eon, Santro, and i20 was 44,891 units. However, A3 segment, which includes Verna and Accent, registered sales of 9,579 units. 66 units of Sonata and 70 units of Santa Fe were also sold in the same period.