Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, registered around 5.9% growth in domestic sales for the month of August 2012. The domestic sales accounted for 28257 units compared to 26677 units for the same month last year.
Commenting on the sales, Rakesh Srivastava, Vice President, National Sales, HMIL said, “The market continued to be sluggish but Hyundai domestic sales have grown due to increased preference of diesel vehicles and niche consumer focused promotions . The launch of neo Elantra also enhanced and strengthened the sales performance in premium segment. However, the overall market demand is suppressed due to general inflationary trend, high fuel prices and interest rates.
Unless any major triggers get activated, market sentiment is not expected to improve very much.”
The segment-wise cumulative sales for August 2012 are: A2 segment 40049 units (Eon, Santro, i10, i20); A3 Segment 6145 units (Accent and Verna); A4 Segment 608 (Elantra) ; A5 segment 19 units (Sonata); SUV 65 units (Santa Fe).