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Hyundai exports grow by 10.5%

Source : IBNS
Last Updated: Thu, Sep 01, 2011 15:50 hrs

Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter, registered around 1% growth in cumulative sales for the month of August 2011.

The domestic sales dropped by 6.7%, while the exports grew by 10.5%.

HMIL's total sales for August, 2011 stood at 51,030 units against 50,633 units in August, 2010.

The domestic sales accounted for 26,677 units compared to 28,601units for the same month last year while the exports totaled 24,353 units in August 2011 against 22,032 units of August 2010.



Arvind Saxena, Director - Marketing and Sales, HMIL said, "The market continues to be tough and there are no signs of recovery in the immediate future. The rising fuel prices and interest rates have been instrumental in this sluggish market trend."

The segment-wise cumulative sales for the month of August, 2011 are as follows: A2 segment (Santro, i10, i20) 43,687 units; A3 Segment (Accent & Verna) 7,105 units; A5 segment (Sonata Transform) 12 units; Santa Fe (SUV) 226 units.

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