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 15.5% over the same month last year.
HMIL’s total sales for May, 2010 stood at 46,808 units as against 43,624 units in May, 2009 registering 7.3% cumulative growth. The domestic sales accounted for 27,151 units as against 23,503 units in May, 2009 while the exports declined by 2.3% from 20,121 units in May, 2009 to 19,657 units in May, 2010.
Commenting on HMIL’s sales performance Arvind Saxena, Director - Marketing and Sales, HMIL said: “Although the market continues to grow we were constrained by our planned annual maintenance shutdown this month which restricted our numbers as we had to divert our export production to meet the demand for the domestic market. The demand for the i20 continues to swell as demand has shot up by almost 35% following the launch of the new model and addition of two trims.”
The segment-wise cumulative sales for the month of May, 2010 are as follows: A2 segment (Santro, i10, Getz & i20) 42,460 units; A3 Segment (Accent & Verna) 4,310 units; A4 Segment (Elantra) 1 unit; A5 segment (Sonata Transform) 37 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.
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.
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