Chennai, Jan 1 IANS | 9 months ago

India's second largest car manufacturer Hyundai Motor Wednesday reported a 2.6 percent increase in sales for December 2013 at 49,069 units over an off-take of 47,833 units in the corresponding period of 2012.


"With December retails of 45,911 units, Hyundai achieved its Annual Business Plan and highest Market Share since inception. Manufacturing operated at 99 percent capacity utilization and had the fastest 5 Million rollout in India," Rakesh Srivastava, Hyundai senior vice president, sales and marketing, said in a statement.

According to Srivastava, the company last year improved its channel efficiencies, launched new model like Grand on a new global platform and made a strong push for for rural and exchange sales.

"In 2014, Hyundai will launch many new products and new initiatives to build further on this positive momentum" Srivastava added.

The company's domestic sales in the month under review rose by 6.2 percent at 26,697 units, up from 28,345 units logged in November 2012.

However, exports fell by 1.9 percent at 21,136 units last month from 20,724 units shipped-out in the corresponding month of 2012.

(Posted on 01-01-2014)