Latest Car News in India

Wednesday, April 01, 2015

By Kriti Gupta

HMIL records highest domestic sales ever during a month

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 39,525 units and exports of 10,215 units with cumulative sales of 49,740 units for the month of March 2015.Commenting on the March sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “In a market with weak sentiments, Hyundai achieved  its highest-ever single month sales of 39,525 units with highest-ever financial Year sales of 4,20,668 units. The market share of 16.3% was highest-ever with strong performance of successful launch of new models like Elite, i20 Active, Xcent& Verna and lead by strong marketing initiatives to engage rural markets and repeat buyers.”
Hyundai Elite i20 Front View Picture
“The 2015 outlook seems challenging as currently there is low traction in the market with weak delivery on macro-economic parameters and on low customer’s sentiments. We are hopeful that an environment will be created to bring-in investment and create employment that will give the required thrust to grow the industry.”
HMIL sales March 2014 March 2015 %
Domestic 35,003 39,525 12.9
Exports 16,705 10,215 -38.9
Cumulative 51,708 49,740 -3.8

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