Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter continued to be on a growth trajectory with the domestic sales growing by 28.1% over the same month last year.
HMIL’s total sales for April, 2010 stood at 52,020 units as against 44,370 units in April, 2009 registering 17.2% cumulative growth. The domestic sales accounted for 28,501 units as against 22,247 units in April, 2009 while the exports grew from 22,123 units in April, 2009 to 23,519 units in April, 2010 reflecting 6.3% growth YOY.
Commenting on HMIL’s sales performance Arvind Saxena, Director - Marketing and Sales, HMIL said, “HMIL’s positive performance is a reflection of its strong product portfolio. The recently launched refurbished i20 has further strengthened its position, as it has received a tremendous response from the market and has become the growth driver for the segment. We are sure to see a continuous rise in demand for the i20”.
The segment-wise cumulative sales for the month of April 2010 are as follows: A2 Segment (Santro, i10, Getz & i20) 46,059 units; A3 Segment (Accent & Verna) 5,944 units; A5 Segment (Sonata Transform) 17 units; and SUV Segment ( Tucson) 0 unit.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC), South Korea and is the largest passenger car exporter and the second largest car manufacturer in India. HMIL presently markets 6 models of passenger cars across segments. The A2 segment includes the Santro, i10 and the i20, the A3 segment includes the Accent and the Verna, the A5 segment includes the Sonata Transform.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. To cater to rising demand, HMIL commissioned its second plant in February 2008, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
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In continuation with its commitment to providing Indian customers with cutting-edge global technology,
HMIL has set up a modern multi-million dollar research and development facility in the cyber city of Hyderabad. It aims to become a centre of excellence for automobile engineering and ensure quick turnaround time to changing consumer needs.
As HMC’s global export hub for compact cars, HMIL is the first automotive company in India to achieve the export of 10 lakh cars in just over a decade. HMIL currently exports cars to more than 110 countries across EU, Africa, Middle East, Latin America, Asia and Australia. It has been the number one exporter of passenger car of the country for the sixth year in a row.
To support its growth and expansion plans, HMIL currently has a 290 strong dealer network and 540 strong service points across India, which will see further expansion in 2010.