- Domestic sales grow 23.1% YOY
- Record sales of over 600,000 units
Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter ended the year on a high note with domestic sales growing by a healthy 23.1% while exports saw a decline of 8.5%. Cumulative growth stood at 7.8% for the year ending December, 2010.
HMIL’s total sales for December, 2010 stood at 47,228 units as against 47,217 units in December, 2009 while the cumulative sales almost remained the same. The domestic sales growth however registered a healthy growth of 17.6% over 2009 and stood at 26,168 units as compare to 22,252 units for 2009. Exports dipped by 15.6% to 21,060 units in 2010 against 24,965 units in 2009.
In calendar year 2010 (Jan – Dec) HMIL grew by 7.8% cumulatively registering total sales of 603,819 units as against 559,880 units of 2009 with domestic sales surging by 23.1% over 2009. Domestic sales accounted for 356,717 units in 2010 as against 289,863 in the year 2009. Overseas sales accounted for 247,102 units as against 270,017 units in 2009 which reflects a decline of 8.5% for the calendar year 2010.
Commenting on HMIL’s performance Arvind Saxena, Director - Marketing and Sales, HMIL said, “the year 2010 has been positive for the industry and HMIL. For the first time since inception HMIL clocked record cumulative sales of over 600,000 units and new products like the Santa Fe as well as upgrades like the ‘Next Gen’ i10 have been very well received by the market and we continue to be a strong player in the domestic market. We expect the market to continue to grow in 2011 although the rate of growth may come down somewhat.”
The segment-wise cumulative sales in the month of December, 2010 are as follows: A2 Segment (Santro, i10 & i20) 42,397 units; A3 Segment (Accent & Verna Transform) 4,708 units; A5 Segment (Sonata Transform) 21 units; and SUV Segment (Santa Fe) 102 units.