Hyundai India’s sales up 41.6% in Jan 2010 YoY

India’s second largest car manufacturer Hyundai, posted a massive increase in sales in Jan 2010. Beginning the new year on a bright note, Hyundai sold as many as 52,635 units in Jan 2010 compared to the 37,171 sold in the same period last year. Domestic sales recorded a 40.8% growth while exports soared by 42.6% resulting in a net growth of 41.6%.

Domestic sales only accounted for 29,601 units while exports stood at 23,034. Commenting on HMIL’s performance Arvind Saxena, Director – Marketing and Sales, HMIL commented, “We have started the year on a right note and we hope the momentum will continue with the help of the stimulus package offered by the government.”

The segment-wise cumulative sales for the month of January, 2010 are as follows:

A2 Segment (Santro, i10, Getz & i20) 47,104 units

A3 Segment (Accent & Verna) 5,502 units

A5 Segment (Sonata Transform) 29 units

SUV Segment (Tucson) 0 unit

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the largest passenger car exporter and the second largest car manufacturer of India. HMIL presently markets 54 variants of passenger cars across segments. These includes the Santro in the B segment, the i10, the Getz Prime & the premium hatchback i20 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Transform in the E segment and the Tucson in the SUV segment.

Hyundai Motor India Ltd, continuing its tradition of being the fastest growing passenger car manufacturer, registered total sales of 559,880 vehicles in the calendar year (CY) 2009, an increase of 14.4 percent over CY 2008. In the domestic market it clocked a growth of 18.1 percent as compared to 2008 with 289,863 units, while overseas sales grew by 10.7 percent, with export of 270,017 units. HMIL currently exports cars to more than 110 countries across EU, Africa, Middle East, Latin America and Asia. It has been the number one exporter of passenger car of the country for the sixth year in a row.

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. In continuation of its commitment to provide the Indian customer with global technology, 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.

HMIL has invested to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from the expansion of production capacity, HMIL currently has 286 strong dealer network and 540 strong service points across India, which will be further bolstered in 2010.

In December 2008, HMIL launched the much awaited premium compact the i20 after it had a global preview at the Paris Motor Show in October, 2008. In 2009, HMIL also launched the new facelift Sonata Transform and the new Verna which are vastly improved models compared to the outgoing models. In March, 2009 Hyundai i10 clocked the fastest 3 lakh sales since its launch in October, 2007. HMIL also became the only car manufacturer to introduce Automatic transmission across segments with the launch of the i20 1.4 Litre Petrol Automatic. The i20 also simultaneously got a powerful 1.4 Litre CRDi engine in July 2009. The i20 achieved the highest safety rating by the European NCAP. In September 2009, HMIL introduced the new refurbished Santro with luxurious interiors and improved exterior features. The Santro has been the highest selling model for Hyundai with more than 15 Lakhs units sold since its launch in India in 1998. Hyundai Motor India in December 2009 also crossed the 25 Lakh car production milestone.

Hyundai Motor India remains one of the fastest growing car manufacturers in the country. The company’s overall performance in the automobile sector was recognized by the media as it was awarded with the prestigious ‘Manufacturer of the Year’ award by both UTVi Autocar Car and NDTV Profit-Car & Bike in 2009.
Corporate website: www.hyundai.co.in