Latest Car News in India

Friday, August 01, 2014

By Manoj Kumawat

Hyundai Motors sales increase by 12.7% during July 2014

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 29,260 units and exports of 18,750 units with cumulative sales of 48,010 units for the month of July 2014. 
 
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Commenting on the July sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai volumes are 29,260 units with growth of 12.7% over last year and 13.3% cumulative growth with high market share of 23% in passenger cars. The demand pull created by the successful product launches and strong channel spread has brought down the discounts and the green shoots of growth are visible with the stabilization of macro-economic factors and near to average monsoons.”
 
HMIL sales July 2013 July 2014 (%)
Domestic 25,965 29,260 12.7
Exports 22,739 18,750 -17.5
Cumulative 48,704 48,010 -1.4

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