Hyundai registers 24.2% in July

Cumulative sales grow by 10.7%

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 24.2% over the same month last year.

HMIL’s total sales for July, 2010 stood at 50,411 units as against 45,539 units in July, 2009 registering a 10.7% cumulative growth over the same period last year. The domestic sales accounted for 28,811 units as against 23,193 units in July, 2009 while the exports declined by 3.3% from 22,346 units in July, 2009 to 21,600 units in July, 2010.

Commenting on July, 2010 sales, Arvind Saxena, Director - Marketing and Sales, HMIL said, “The recently launched Verna Transform along with the tried and trusted Accent helped us consolidate our position in the mid segment. The increased demand clearly shows that the recently launched Verna Transform has been well received by our customers. The market continues to be positive and in the next quarter we expect the trend to continue with the onset of the festive season”.

The segment-wise cumulative sales for the month of July, 2010 are as follows: A2 segment (Santro, i10 & i20) 44,522 units; A3 Segment (Accent & Verna) 5,858 units; A5 segment (Sonata Transform) 31 units.

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 293 strong dealer network and 580 strong service points across India, which will see further expansion in 2010.

Corporate website: www.hyundai.co.in