Hyundai Motor India sales up 21% in October
The country's second-largest car maker Hyundai Motor India Ltd (HMIL) on Thursday reported 21.6 percent increase in total sales at 58,785 units in October.
New Delhi: The country's second-largest car maker Hyundai Motor India Ltd (HMIL) on Thursday reported 21.6 percent increase in total sales at 58,785 units in October.
The company had sold 48,322 units in the corresponding month last year, HMIL said in a statement.
In the domestic market, the company recorded sales of 35,778 units compared to 33,001 units in the year-ago period, up 8.4 percent.
Exports of the company grew by 50.16 percent to 23,007 units during the month under review from 15,321 units in the same period last year, the company said.
Commenting on the sales performance, HMIL Vice-President (National Sales) Rakesh Srivastava said: "The festivals brought in positive growth in domestic sales with resurgence in petrol variants. All models showed a growth especially with strong demand of Eon and Elantra".
He, however, said in the coming months the challenge would be to convert customer interest into sales as the general inflationary trend, high fuel prices and interest rates are still keeping the customer sentiment low.
Commenting on the surge in exports, Srivastava said: "We are witnessing good volumes in South Africa and Mexico along with many other countries. The i10 and i20 are being particularly well received in these countries".
In October, in the A2 segment (Eon, Santro, i10 and i20), the company sold 50,146 units, while sales in the A3 segment (Accent and Verna) stood at 7,895 units.
Sales of A4 segment (Elantra) was at 668 units. The company sold 56 units of sports utility vehicle Santa Fe during the month. Sales of luxury sedan Sonata stood at 20 units.