Hyundai Motor India Ltd. reported a net increase of 47.8% in the cumulative sales of its vehicles. Hyundai is India’s second largest car manufacturer and one of the largest exporters of passenger cars from India.
The total sales for the month of April were reported to be 40001 units against 27069 units in the same month in 2007. The domestic car sales last month was 21501 units and 18500 units were exported.
“HMIL sales for April had been robust with a very healthy growth and we feel that the budget has been a contributory factor. The i10 too has done exceedingly well to establish itself as a major player in this segment with domestic sales alone accounting for over 50,000 units in just six months which is the fastest ever for any model and with the highest growth rate in this segment things are looking good for HMIL,” commented Arvind Saxena, Senior VP for Marketing and Sales.
HMIL is a fully owned subsidiary of Hyundai Motors Company, South Korea. It marks its strong presence in the small car market with i10, Santro and Getz. It has made India as its export hub for the small car segment.
