Hyundai Motor Company, the second largest car producer in India and the fourth largest automaker in the world, announced it has produced and sold 52.635 new vehicles in India during the first month of 2010.
Compared to last year's figures, Hyundai's January sales have increased 42 percent to more than 50.000 units. At the same time a year earlier, Hyundai sold 37.171 vehicles in India.
Among all new vehicles, produced by Hyundai in January, 29.601 units were sold to domestic consumers, while 23.034 units were exported to international markets, including Europe, Middle East, Australia and other.
With sales of more than 47.000 units, Hyundai i20, i10 and Santro hatch were the most popular Hyundai models in the range. The second best selling model was Hyundai Accent with sales of more than 5.000 units.
Arvind Saxena, Marketing and Sales director at Hyundai Motor India, said that Hyundai started the year on a right note. He also believes the momentum will continue through the year with the help of the stimulus package offered by the Indian government.
Showing posts with label Hyundai sales reports. Show all posts
Showing posts with label Hyundai sales reports. Show all posts
Hyundai India posts December 2009 sales report
Hyundai announced today that it has sold 22.6 percent more new cars in India during the month of December 2009 compared to the same month a year earlier.
According to Hyundai's monthly sales report, the company sold 47217 new vehicles in India last month, while in the same month a year earlier, the Korean largest automaker sold 38502 new vehicles in the fast growing car market.
Hyundai Motor India produces small cars such as i20 and i10 hatchback and about half of them are sold in India, while the rest of them are destined for markets overseas, including Europe and other Asian markets.
During the last month of 2009, the i10, i20 and Santro mini-car have been the top performing Hyundai vehicles with sales topping at 44129 units. In addition, Hyundai also sold a little more than 3000 units of Accent hatchback and 20 units of Hyundai Sonata sedan.
According to Arvind Saxena, director of Marketing and Sales of Hyundai Motor India, the overall economic situation have in India have improved and the automotive market seems to have stabilized.
Overall Hyundai sales during all 12 months of the year increased by 15 percent to 559880 units, compared to 489343 new vehicles sold a year earlier. Hyundai revealed its Indian sales soared 18 percent (to 289863 units ) when compared to 2008, while sales overseas increased to 270017 new Hyundai cars.
According to Hyundai's monthly sales report, the company sold 47217 new vehicles in India last month, while in the same month a year earlier, the Korean largest automaker sold 38502 new vehicles in the fast growing car market.
Hyundai Motor India produces small cars such as i20 and i10 hatchback and about half of them are sold in India, while the rest of them are destined for markets overseas, including Europe and other Asian markets.
During the last month of 2009, the i10, i20 and Santro mini-car have been the top performing Hyundai vehicles with sales topping at 44129 units. In addition, Hyundai also sold a little more than 3000 units of Accent hatchback and 20 units of Hyundai Sonata sedan.
According to Arvind Saxena, director of Marketing and Sales of Hyundai Motor India, the overall economic situation have in India have improved and the automotive market seems to have stabilized.
Overall Hyundai sales during all 12 months of the year increased by 15 percent to 559880 units, compared to 489343 new vehicles sold a year earlier. Hyundai revealed its Indian sales soared 18 percent (to 289863 units ) when compared to 2008, while sales overseas increased to 270017 new Hyundai cars.
India vs China car sales
Hyundai Motor India will likely become the largest contributor to its parent company, Hyundai Motor Corporation (HMC) of Korea, in terms of sales and could soon overtake Hyundai's China subsidiary.
To date, Hyundai Motor India sold 405.689 new cars, while Hyundai's cumulative sales in China, the world's largest car market, topped 412.399 units. That is a difference of mere 6.710 units.
"India contributes 15-17% to the total sales and revenues of HMC and the growing demand for small cars will help us increase our profits further in 2010," said Mr. HW Park, who has been just recently appointed as a managing director and CEO of Hyundai Motor India.
According to Hyundai, demand for small cars have gone up after the scrappage incentives have been doled out by variousEuropean countries.
"Despite a strong demand for smaller vehicles in the domestic market, where the small car segment constitutes nearly 78% to the total car sales, there has been an increase in exports from India to Europe and this will help us increase our sales and profit in 2010" said Hyundai representative.
However, while sales in China is entirely to the domestic market, HMC's Indian subsidiary is currently exporting nearly half of its new car production to the West after the company decided to develop India as a hub for small cars. This year Hyundai expects to sell 560.000 units, which would be a growth of 13-14%.
To date, Hyundai Motor India sold 405.689 new cars, while Hyundai's cumulative sales in China, the world's largest car market, topped 412.399 units. That is a difference of mere 6.710 units.
"India contributes 15-17% to the total sales and revenues of HMC and the growing demand for small cars will help us increase our profits further in 2010," said Mr. HW Park, who has been just recently appointed as a managing director and CEO of Hyundai Motor India.
According to Hyundai, demand for small cars have gone up after the scrappage incentives have been doled out by variousEuropean countries.
"Despite a strong demand for smaller vehicles in the domestic market, where the small car segment constitutes nearly 78% to the total car sales, there has been an increase in exports from India to Europe and this will help us increase our sales and profit in 2010" said Hyundai representative.
However, while sales in China is entirely to the domestic market, HMC's Indian subsidiary is currently exporting nearly half of its new car production to the West after the company decided to develop India as a hub for small cars. This year Hyundai expects to sell 560.000 units, which would be a growth of 13-14%.
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