Hyundai Motor India Limited exports grow by 3.9% for September 2012
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Hyundai Motor India Limited exports grow by 3.9% for September 2012

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The Indian auto sector has recorded a plunge in sales during the month of September 2012. Major auto manufacturers in the country suffered setbacks and are now looking forward with anticipation at the coming festive season to revive their sales figures. Hyundai Motor sales for the month of September 2012 stood at 53,558 units from 57,804 units in September 2011.

This drop in sales to the tune of 7.3% is primarily due to high interest rates, regular increases in fuel prices and suppressed demand which the company hopes will revive well in time for the festive season in India. Domestic sales also fell by 14.2% to 30,851 units in September 2012 as against 35,955 units in September 2011 but the only silver lining to the dark cloud was where exports were concerned which increased by 3.9% to 22,707 units.

Sales of the new Hyundai Elantra have been a top performer which has been receiving a great deal of buyer attention. Segment wise sales for the month of September 2012 stood at 46,414 units of Eon, Santro, i10 and i20, 6,287 units of Accent and Verna, 781 units of Elantra, 20 units of Sonata and 56 units of Santa Fe.

India auto news release: Hyundai Exports up by 3.9%

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered around 3.9% growth in Exports for the month of September 2012. The domestic sales accounted for 30,851 units compared to 35,955 units for the same month last year.

Commenting on the sales, Mr Rakesh Srivastava, Vice President, National Sales, HMIL said, “We expect the suppressed demand would improve on account of festive purchases as the demand peaks during this period. The neo Elantra, a modern premium brand has received an overwhelming customer response making it a top performer in the executive segment.”

 

HMIL Sales

September 2011

September 2012

Growth%

Domestic

35,955

30,851

-14.2%

Exports

21,849

22,707

              3.9 %

Cumulative

57,804

53,558

-7.3%

The segment-wise cumulative sales for September 2012 are: A2 segment 46,414 units (Eon, Santro, i10, i20); A3 Segment 6,287 units (Accent and Verna); A4 Segment 781 units (Elantra) ; A5 segment 20 units (Sonata); SUV 56 units (Santa Fe).