New Delhi, April 1, 2010: Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter achieved record sales of 31,501 units for the month of March, 2010 in the domestic market, registering 27.3% growth over the same month last year.
HMIL’s total sales for March, 2010 stood at 55,035 units as against 46,159 units in March, 2009 registering 19.2% cumulative growth. The domestic sales accounted for 31,501 units (which is the highest since HMIL started operations in 1998) as against 24,754 units in March, 2009 while the exports grew from 21,405 units in March, 2009 to 23,534 units in March, 2010 reflecting 9.9% growth YOY.
For the quarter ending Jan – March, 2010 HMIL registered a positive growth of 33.5% with total sales of 162,273. For the same period last year sales stood at 121,565 units. The period of April 1, 2009 – March 31, 2010 saw HMIL clock 600,588 units which is a substantial growth of 103,382 units and 20.8% over the financial year April 1, 2008 – March 31, 2009 which saw sales of 497,206 units.
Commenting on HMIL’s sales performance Arvind Saxena, Director - Marketing and Sales, HMIL said, “As we close the financial year it is reassuring to see the market retain its buoyancy which was triggered by the Government’s timely announcement of the stimulus package and the consequent reduction in interest rates for car finance. These factors positively affected the market and kept demand high over the last year.”
The segment-wise cumulative sales for the month of March, 2010 are as follows: A2 Segment (Santro, i10, Getz & i20) 50,715 units; A3 Segment (Accent & Verna) 4,276 units; A5 Segment (Sonata Transform) 44 units; and SUV Segment (Tucson) 0 unit.
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