Registers 65.8% overall growth in October ‘08
Domestic sales up 9.9%,- Exports register an all
Time high: grows at a whopping 168.4%
Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered an impressive growth in the month of October, 2008, as it recorded an overall growth of 65.8% over the same month last year. Also with the global success of the i10, the exports grew by 168.4% while the domestic sales grew by 9.9% over October, 2007.
The total sales stood at 46,660 units. The domestic market accounted for 20,009 units, compared to18,207 units for the same month last year, the exports totaled 26,651 units in October 08, against 9,929 units of October ‘07.
Hyundai Motor India since the commissioning of its second plant in February 2008 has added to its production capacities and is in a position to meet its requirements in both the global and the domestic market. Recently, HMIL had started its third shift operation at the second plant to meet the increased market demand.
Commenting on the October, 2008 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “At a time when we are faced with one of the most challenging economic scenarios not only in India but globally we are happy to see Hyundai retaining its market leadership position in compact cars and growing steadily. However we feel the growth would have been even stronger had we not faced such an economic situation. In the coming months too if the situation does not ease off then the automotive industry here will be in for very tough times”.
The segment-wise cumulative sales in the month of June, 2008 are as follows: A2 Segment (Santro, i10 & Getz): 40,937 units; A3 Segment (Accent & Verna): 5,703 units; units, A5 Segment (Sonata Embera): 12 units; and SUV Segment (Tucson): 8 units.
Domestic sales up 9.9%,- Exports register an all
Time high: grows at a whopping 168.4%
Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered an impressive growth in the month of October, 2008, as it recorded an overall growth of 65.8% over the same month last year. Also with the global success of the i10, the exports grew by 168.4% while the domestic sales grew by 9.9% over October, 2007.
The total sales stood at 46,660 units. The domestic market accounted for 20,009 units, compared to18,207 units for the same month last year, the exports totaled 26,651 units in October 08, against 9,929 units of October ‘07.
Hyundai Motor India since the commissioning of its second plant in February 2008 has added to its production capacities and is in a position to meet its requirements in both the global and the domestic market. Recently, HMIL had started its third shift operation at the second plant to meet the increased market demand.
Commenting on the October, 2008 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “At a time when we are faced with one of the most challenging economic scenarios not only in India but globally we are happy to see Hyundai retaining its market leadership position in compact cars and growing steadily. However we feel the growth would have been even stronger had we not faced such an economic situation. In the coming months too if the situation does not ease off then the automotive industry here will be in for very tough times”.
The segment-wise cumulative sales in the month of June, 2008 are as follows: A2 Segment (Santro, i10 & Getz): 40,937 units; A3 Segment (Accent & Verna): 5,703 units; units, A5 Segment (Sonata Embera): 12 units; and SUV Segment (Tucson): 8 units.
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