Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered a 45.3% growth in the domestic market sales. While the cumulative sales increased by 31.9% over February, 2008 and the exports increased by 18.3%.
HMIL’s total sales for February, 2009 stood at 38,254 units against 29,001 units of February, 2008. The domestic market accounted for 21,215 units, compared to 14,600 units for the same month last year while the exports totaled 17,039 units in February, 2009, against 14,401 units of February, 2008.
Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “While January, 2009 sales growth for both the industry as well as Hyundai Motor India Ltd had been negative, February, 2009 sales saw a slight upturn with double digit growth for the industry but the overall market situation continues to be challenging and not much should be read into the February growth as last year in February the budget was to be announced and a substantial amount of sales were deferred till March. We expect a fairly flat sales growth curve for the industry for the first quarter ending March, 2009”.
The segment-wise cumulative sales in the month of February, 2009 are as follows: A2 Segment (Santro, i10, Getz & i20) 34,285 units; A3 Segment (Accent & Verna) 3900 units; units, A5 Segment (Sonata Transform) 66 units; and SUV Segment (Tucson) 3 unit.
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