Hyundai India records 3.5 percent increase in June 2012 sales

Hyundai Motor India Limited sales during the month of June 2012 were up 3.5%. India’s second largest auto manufacturers sold 54,354 units in June 2012 as against 52,512 units in June 2011. Taking only domestic sales into account, the company sold 30,450 units in June 2012 as compared to 30,402 units in June 2011 while exports were up 8.1% with a total of 23,904 units exported in the month of June 2012 as against 22,119 units exported in June 2011.

Buyers are still wary of converting inquiries into purchases following higher petrol prices, higher rates of interest and the general economic slowdown which has come back once again to haunt to automobile sector. Exports are encouraging specially in countries of Africa and South America. Exports went up 8.07% in June 2012. While the Eon small car is doing exceedingly well in African markets, Hyundai i10 is seeing good results in South America.

Taking sales in the month of June 2012 into account, the company sold 44,046 units of Eon, Santro, i10 and i20 while 10,182 units of Accent and Verna, 87 units of Santa Fe and 39 units of Sonata.

Eon – 6550

Accent – 301

i10 – 6177

i20 – 7676

Santa Fe – 87

Santro – 3691

Sonata – 39

Verna Fluidic – 5929

Auto News Release

Hyundai sales up by 3.5%

New Delhi, July 2, 2012: Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter registered aggregate sales of 54,354 units (52,521 units) in June, up 3.5 % from the corresponding month last year, domestic sales were 30,450 units (30.402 units) up 0.2% and exports were 23,904 units (22,119 units) up 8.1%.

Commenting on the sales, Mr Arvind Saxena, Director, Marketing and Sales, HMIL said, “The general inflationary trend, high fuel prices, interest rates that are still high are keeping sentiment low. Unless any triggers get activated, sentiment is not expected to improve very much.” Speaking about the growth in exports, Mr Saxena said, “We are witnessing good volumes in South America and Africa. The Eon is being particularly well received in Africa and the i10 is strong in South America.”

The segment-wise cumulative sales for June 2012 are: A2 segment 44,046 units (Eon, Santro, i10, i20); A3 Segment  10,182 units (Accent and Verna); A5 segment  39 units (Sonata); SUV  87 units (Santa Fe).

About HMIL

Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company (HMC). HMIL is the largest passenger car exporter and the second largest car manufacturer in India. It currently markets eight passenger car models across segments — in the A2 segment it has the Eon, Santro, i10 and the i20, in the A3 segment the Accent and the Verna, in the A5 segment Sonata and in the SUV segment the Santa Fe.

HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of advanced production, quality and testing capabilities. HMIL forms a critical part of HMC’s global export hub, it touched 1.5 million in exports in March 2012.  It currently exports to more than 120 countries across EU, Africa, Middle East, Latin America and the Asia Pacific. HMIL has been India’s number one exporter for seven years in a row. To cater to rising demand the company commissioned its second plant in February 2008 having an installed capacity of 330,000 units per annum. To support its growth and expansion plans HMIL currently has 347 dealers and more than 800 service points across India. In its commitment to provide customers with cutting-edge global technology, HMIL set up a modern multi-million dollar R&D facility in Hyderabad. The R&D centre endeavors to be a center of excellence in automobile engineering.