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Monday, November 03, 2014

By Kriti Gupta

Hyundai records 11.5% hike in its cumulative sales during the month of October 2014

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered the domestic sales of 38,010 units and exports of 18,000 units with cumulative sales of 56,010 units for the month of October 2014.Commenting on the October sales Mr. RakeshSrivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai volumes grew by 9% overlast month with significant increase in sales of additional and replacement buyers propelled by strong demand lead by new models like Elite i20, Xcent coupled with festival buying. We anticipate that this positive momentum would build up further  with increase in sales of entry buyers if there is strong promise of improvement in economic and macro factors in rural and urban markets “


HMIL sales October 2013 October 2014 (%)
Domestic 36,002 38,010 5.6%
Exports 14,210 18,000 26.7%
Cumulative 50,212 56,010 11.5%


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