Hyundai sales up 21% – Domestic sales grow 8%, Exports up 50%

Hyundai Motor India, the country’s second largest car manufacturer and the largest passenger car exporter recorded a 21% growth in aggregate sales in October.

Domestic sales grew by 8%, exports witnessed a robust growth of 50%, domestic sales in October were 35778 units (33,001 units), exports were 23,007 units (15321 units) and aggregate sales were 58785 units (48,322 units). This month also saw some surprises such i20 out selling both i10 & Eon.

Hyundai has begun testing the next gen i10 in the Indian market. The company is also planning to launch a MPV to rival the Maruti Suzuki Ertiga.

Commenting on the October sales, Mr Rakesh Srivastava, Vice President- Marketing and Sales, HMIL said, “The festivals brought in positive growth in domestic sales with resurgence in petrol variants. All models showed a growth especially with strong demand of Eon and Elantra. In the coming months the challenge would be to convert customer interest into sales as the general inflationary trend, high fuel prices and interest rates are still keeping the customer sentiment low.  Speaking about the growth in exports, Mr Srivastava said, “We are witnessing good volumes in South Africa and Mexico along with many other countries. The i10 and i20 are being particularly well received in these countries.”

The segment-wise cumulative sales for October 2012 are: A2 segment 50,146 Units (Eon, Santro, i10, i20); A3 Segment 7895 units (Accent and Verna); A4 Segment 668 units (Elantra) ; A5 segment 20 units (Sonata); SUV 56 units (Santa Fe).