Hyundai sales grow by whopping 57.5% in August, 2008
Export grows by 88.5%, domestic up 33.9%
New Delhi Monday September 1, 2008 (DriveInside.com)
Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, today announced a cumulative sales growth of 57.5% for the month of August, 2008.
HMIL’s total sales for the month of August ‘08 stood at 44,710 units. While the domestic market accounted for 21,610 units, exports totaled 23,100 units in August, 2008. The cumulative sales for August, 2007 had been 28,394 units with the domestic sales at 16,138 units and exports 12,256 units. As compared to August, 2007 the domestic sales grew by 33.9% in August, 2008 while as exports grew 88.5 % and the cumulative growth is 57.5%.
Commenting on the sales, Arvind Saxena, Sr. VP, Marketing & Sales, HMIL said, “Looking at the current market scenario we are happy with Hyundai overall sales and this again reinforces our belief that if you have a strong product portfolio it will see you through even in tough times.
The Hyundai products starting right from the Santro and the i10 to the Accent have done exceedingly well and consumers have strong faith in these products both in India as well as overseas and this reflects in the tremendous export growth. We hope that in the coming months the economic conditions will improve so the industry stabilizes”.
The segment-wise cumulative sales in the month of August, 2008 are as follows: A2 Segment (Santro, I10, Getz Prime) 38,477 units; A3 Segment (Accent, Verna) 6,193 units; A5 Segment (Sonata Embera) 37 units; and SUV Segment (Tucson) 3 units.