Latest Car News in India

Thursday, January 02, 2014

By Kamal Swami

Sales of Hyundai India records an increase of 6.2 percent

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered cumulative sales of 49,069 units for the month of December 2013. The domestic sales accounted for 28,345 units with a growth of 6.2 percent and Exports stood at 20,724 units. 
 
Commenting on the sales Mr. Rakesh Srivastava, Sr VP- Sales & Marketing, HMIL said, “Year 2013 was very challenging and rewarding. 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. 
 
HMIL sales December 2012 December 2013  Percentage 
Domestic 26,697 28,345 6.2
Exports 21,136 20,724 -1.9
Cumulative 47,833 49,069 2.6
 
“2013 had the most challenging market scenario; Hyundai improved the Channels efficiencies, launched new model Grand on new global platform, made strong initiatives in Rural & Exchange sales to increase its market share to highest level since inception and achieved the Annual Business Plan. In 2014, Hyundai will launch many new products and new initiatives to build further on this positive momentum" he added.
 
Source: Hyundai Motors India Limited

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