Home Economy Hyundai sales surge 54 percent in July

Hyundai sales surge 54 percent in July

By IANS,

New Delhi : Passenger car major Hyundai Motor India Monday said its domestic sales jumped 54 percent to 23,193 units last month as against 15,066 units in July 2008.

The company reported 6 percent rise in exports in July to 22,350 units from 21,086 vehicles in the year-ago period.

The total sales stood at 45,543 units last month, up from 36,152 a year earlier.

“Hyundai India registered a steady growth in the month of July and it seems the market is stabilising at this point and in coming months we hope to see both exports and domestic market picking up specially with the festival season starting next month,” said Arvind Saxena, senior vice-president (marketing and sales) of the company.

“Also a strong demand for the i20 has also helped Hyundai India maintain its share in the domestic market.”

The company sold the maximum number vehicles in the A2 segment comprising Santro, i10, Getz and i20 at 41,779 units.

While the A3 segment comprising Accent and Verna saw sales of 3,720 units, Hyundai did not sell even a single unit of its Tucson sports utility vehicle (SUV) in July.