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Posted on Nov 01, 04:20PM | IBNS
Hyundai Motor India Ltd (HMIL), the country's second largest car manufacturer and the largest passenger car exporter, recorded a 21pc growth in aggregate sales in October.
Domestic sales grew by 8pc , exports witnessed a robust growth of 50pc , 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).
Commenting on the October sales, 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, 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).