Hyundai Motor logs 47.8 percent growth in April

By IANS,

Chennai : The country’s second largest car manufacturer Hyundai Motor India Ltd Thursday announced a cumulative sales growth of 47.8 percent for April 2008.

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The company’s total sales for April stood at 40,001 units (domestic 21,501, exports 18,500) against 27,069 units (domestic 15,728, exports 11,341) of the previous month.

Arvind Saxena, senior vice-president for marketing and sales, said: “We feel that the union budget has been a contributory factor. The i10 too has done exceedingly well to establish itself as a major player in this segment with domestic sales alone accounting for over 50,000 units in just six months.”