Hyundai Sales Up 12% in October, Exports Up 27%

HYUNDAI MOTOR AMERICA LOGO

Hyundai Motor India Ltd (HMIL) today reported 11.54% increase in total sales at 56,010 units in October 2014.

The company had sold 50,212 units in the same month last year, it said in a statement.

In the domestic market, Hyundai sold 38,010 units last month as compared to 36,002 units in October 2013, up 5.57%.

During the month, Hyundai‘s exports grew by 26.67% to 18,000 units as against 14,210 units in the same period last year.

Commenting on the sales performance, HMIL Senior Vice President (Sales and Marketing) Rakesh Srivastava said there was increase in sales in additional and replacement buyers segment with demand led by new models like Elite i20, Xcent, coupled with festival buying.

“We anticipate that this positive momentum would build up further with increase in sales of entry buyers if there is strong promise of improvement in economic and macro factors in rural and urban markets,” he added.

Source

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