While Hyundai Motor India Ltd (HMIL) reported a 1.23 per cent dip in total sales in January, as compared to the same month in 2015, its domestic sales were up by 9.3 per cent.
According to HMIL, while it sold 38,016 units in the domestic market in January (as against 34,780 units last January), exports plunged by a huge 37.9 per cent – from 10,003 units to 6,214.
Domestic sales were up on the back of growing demand for its best-seller, the Elite i20 and the compact SUV Creta. HMIL is India’s largest exporter and the second-largest car manufacturer.
The sharp fall in exports has been attributed to the severe floods in Chennai, which had adversely impacted its production facilities.
“The growth momentum of last year continued built by strong performance of products like Grand, Creta and i20 Elite/Active,” said Rakesh Srivastava, senior vice-president, sales and marketing, HMIL.
At the forthcoming Auto Expo, the Korean major will be unveiling its global SUV, the Tucson besides showcasing global products signifying a leap in the global SUV line-up engineering process at Hyundai.
Source : BS Motoring