First half registers a growth of 29%.
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 18.9 % in June 2010 over the same month last year.
HMIL’s total sales for June, 2010 stood at 46,254 units as against 47,266 units in June, 2009. The domestic sales accounted for 27,366 units as against 23,016 units in June, 2009 registering a growth of 18.9 % while the exports declined by 22.1% from 24,250 units in June, 2009 to 18,888 units in June, 2010.
For the first half ending June 30, 2010, the domestic sales accounted for 175,121 units as against 135,751 units (Jan-June 2009) registering a growth of 29 % while the overseas sales grew by 9.2 % from 121,074 units (Jan-June 2009) to 132,226 units in Jan-June 2010. The cumulative sales saw a jump of 19.7% with total of 307,347 units in the first half of this year against 256,825 units over the same period last year.
| HMIL sales | June 2010 | June 2009 | (%) |
| Domestic | 27,366 | 23,016 | 18.9 |
| Exports | 18,888 | 24,250 | -22.1 |
| Cumulative | 46,254 | 47,266 | -2.1 |
Arvind Saxena, Director - Marketing and Sales, HMIL said, “The domestic market continues to show a steady growth but the exports have slowed down especially in the EU countries in the absence of any fresh incentives from the respective governments there. Our new products have also helped us grow the market here and the recent launch of the Verna Transform should help us to improve our figures in the mid segment further in the coming months. We expect the domestic market to continue to grow in double digits in the second half of this year as well.”
The segment-wise cumulative sales for the month of June, 2010 are as follows: A2 segment (Santro, i10, Getz & i20) 42,099 units; A3 Segment (Accent & Verna) 4,137 units; and A5 segment (Sonata Transform) 18 units.
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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 Transform, 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.
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 580 strong service points across India, which will see further expansion in 2010.
Corporate website: www.hyundai.co.in