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| Hyundai India Domestic Sales Surge |
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| Monday, 02 November 2009 13:47 |
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The domestic sales are 41% up YOY, exports are down because the EU nations Cash for Clunkers scheme is over, which is what was promoting the sales of small cars by Hyundai and Suzuki. The primary export vehicles are the i10, i20 and the Santro. Maruti exports could also be down since the A-Star also known as the Alto in EU is the primary car to be exported though it has not really done well in terms of domestic sales because of the cramped interiors. Indians need practicality since this could be the only car they would drive where as in EUm, these cars are second or third cars primarily used as city run abouts. ---- Up by healthy 41.4%-- --- Cumulative grows 11%-- New Delhi, November 1, 2009: Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter continued its strong performance in the domestic market with sales of 28,301 units in the month of October, 2009. The exports however saw sales dip by 11.9%. HMIL’s total sales for October, 2009 stood at 51,736 units against 46,596 units in October, 2008 registering 11% cumulative growth. The domestic sales grew at a healthy 41.4% and accounted for 28,301 units as against 20,009 units in October, 2008 while the overseas sales dipped by 3,152 units to 23,435 units in October, 2009. The export had registered 26,587 units of sale in October, 2008 - drop of 11.9%. Commenting on October, 2009 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “The festive period of the last two months generated strong sales and has given the Indian automobile industry some respite from the sluggish performance of the last few months and now it looks that this period of strong sales would propel the industry in to a positive double digit growth for the remainder of the year. This might be the turning point the Indian automotive industry has been waiting for”. The segment-wise cumulative sales in the month of October, 2009 are as follows: A2 Segment (Santro, i10, Getz & i20) 47,407 units; A3 Segment (Accent & Verna) 4,285 units; A5 Segment (Sonata Transform) 44 units; and SUV Segment (Tucson) 0 unit.
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