Hyundai India domestic sales register growth, exports decline – Jan 2016
For the month of January 2016, Hyundai India have posted sales of 44,230 units (including exports), as against 44,783 units sold in the month of January 2015. This means that the company’s cumulative sales have declined by 1.2%.
In the domestic market, Hyundai India sales stood at 38,016 units during Jan 2016 as against 34,780 units sold during Jan 2015. This is an increase of 9.3%. Speaking about company’s exports, they stood at 6,214 units for Jan 2016 as against 10,003 units exported in Jan 2015. This indicates exports declined by a massive 37.9%.
Facing capacity constraint, Hyundai India’s plant in Chennai is the most utilized car manufacturing facility in the country. The company is trying very hard to increase production and reduce waiting periods on their successful models – the likes of Elite i20 and the new Creta.
Hyundai India has promised that they will launch two new cars every year, in completely new segment. This year, Hyundai is expected to launch a compact MPV which will rival the likes of Maruti Ertiga and Maruti Ertiga, while the second car we expect would be a compact SUV based on the Grand i10. Though there are no official announcements yet, Hyundai is expected to showcase new models at the upcoming Auto Expo.
Also See – Hyundai Creta bookings to cross 1 lakh
Commenting on the January sales Mr. Rakesh Srivastava, Sr. Vice President Sales and Marketing, Hyundai Motor India Ltd. said, “Hyundai started the year with a positive note registering the domestic volume of 38,016 units with a growth of 9.3% over last year. The growth momentum of last year continued built by strong performance of products like Grand, Creta & i20 Elite/Active. We look forward to presenting the Hyundai Experience at the Auto Expo through our products & technology towards meeting the growing aspirations of the Customers.”
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