Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered an overall growth for the month of November, 2008 while as domestic sales dipped by 23.3% and exports saw a healthy jump of 188% over the current month last year.
HMIL’s total sales stood at 43,105 units. The domestic market accounted for 14,605 units, compared to19,052 units for the same month last year while the exports totaled 28,500 units in November ‘08, against 9,898 units of November ‘07.
Commenting on the November, 2008 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL summed up the sentiments of the market, “It is becoming increasingly challenging to keep the sales ticking and the footfalls in the showroom across the country has shown a steady downfall which is the combined effect of increase in interest rate, high inflation and economic slowdown. This trend is likely to continue in the coming months too”.
The segment-wise cumulative sales in the month of November, 2008 are as follows: A2 Segment (Santro, i10, Getz & i20) 38,216 units; A3 Segment (Accent & Verna) 4883 units; units, A5 Segment (Sonata Embera) 2 units; and SUV Segment (Tucson) 4 units.
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