You are here : Hyundai registers 66% growth in sales in March, 2008
01-Apr,2008New Delhi, April 1, 2008: Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, today announced a record sales growth for the month of March, 2008.
The company registered a robust growth in the month of March 2008, its highest ever monthly sales since inception, as it recorded an overall growth of 66.4% in March, 2008 over the same month last year. The domestic sales grew by 52.3% while the exports grew by 96.9% over March, 2007.
The total sales stood at 47,001 units. While the domestic market accounted for 29,401 units, exports totaled 17,600 units in March, 2008. The cumulative sales for March, 2007 had been 28,239 units with the domestic sales at 19,300 units and exports 8,939 units.
The upward trend was also reflected in the month of January, 2008 wherein HMI had posted the highest ever cumulative sales of 37,700 units. For the quarter ending January - March, 2007 HMI had sold 79,926 cumulative units with a split of domestic 52,219 units and exports 27,707 units. Compared to this in the quarter ending March, 2008 the cumulative sales stand at 113,702 units with domestic sales accounting for 68,302 and exports 45,400 units. This translates in to a quarterly jump in cumulative sales of 42.2% with domestic sales growing at 30.8% and exports 63.8%.
Commenting on the record sales, H S Lheem, Managing Director, HMIL said, “We are absolutely delighted by our sales touching an all time high and we believe it shows the strength of the Hyundai brand. The newly launched compact i10 has done phenomenally well and is on its way to becoming a very popular car. Also with the commissioning of our new plant we are now in a position to meet the growing demand for the domestic as well as our overseas customers and this will help us strengthen our position in the market”
The segment-wise cumulative sales in the month of March, 2008 are as follows: A1 Segment — 41,259 units; A2 Segment – 5,690 units; A3 Segment — 10 units; A4 Segment — 37 units; and SUV Segment — 5 units.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.
The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 500,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality. The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent).
Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and have always been winning awards. Our models like Sonata Embera won the ‘Executive Car of The Year 2006’ award from Business Standard Motoring Magazine and NDTV Profit Car & Bike India declared the Tucson as the ‘SUV of The Year 2006’. Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices
The company registered a robust growth in the month of March 2008, its highest ever monthly sales since inception, as it recorded an overall growth of 66.4% in March, 2008 over the same month last year. The domestic sales grew by 52.3% while the exports grew by 96.9% over March, 2007.
The total sales stood at 47,001 units. While the domestic market accounted for 29,401 units, exports totaled 17,600 units in March, 2008. The cumulative sales for March, 2007 had been 28,239 units with the domestic sales at 19,300 units and exports 8,939 units.
The upward trend was also reflected in the month of January, 2008 wherein HMI had posted the highest ever cumulative sales of 37,700 units. For the quarter ending January - March, 2007 HMI had sold 79,926 cumulative units with a split of domestic 52,219 units and exports 27,707 units. Compared to this in the quarter ending March, 2008 the cumulative sales stand at 113,702 units with domestic sales accounting for 68,302 and exports 45,400 units. This translates in to a quarterly jump in cumulative sales of 42.2% with domestic sales growing at 30.8% and exports 63.8%.
Commenting on the record sales, H S Lheem, Managing Director, HMIL said, “We are absolutely delighted by our sales touching an all time high and we believe it shows the strength of the Hyundai brand. The newly launched compact i10 has done phenomenally well and is on its way to becoming a very popular car. Also with the commissioning of our new plant we are now in a position to meet the growing demand for the domestic as well as our overseas customers and this will help us strengthen our position in the market”
The segment-wise cumulative sales in the month of March, 2008 are as follows: A1 Segment — 41,259 units; A2 Segment – 5,690 units; A3 Segment — 10 units; A4 Segment — 37 units; and SUV Segment — 5 units.
About HMIL
Hyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest and the fastest growing car manufacturer in India. HMIL presently markets 30 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime and the i10 in the B+ segment, the Accent and the Verna in the C segment, the Sonata Embera in the E segment and the Tucson in the SUV segment.
Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 327,160 vehicles in the calendar year (CY) 2007, an increase of 9.2 percent over CY 2006. In the domestic market it clocked a growth of 7.6 percent as compared to 2006 with 200,412 units, while overseas sales grew by 11.8 percent, with exports of 126,748 units.
HMIL’s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL has set up its second plant, which produces an additional 300,000 units per annum, raising HMIL’s total production capacity to 600,000 units per annum.
HMIL is investing to expand capacity in line with its positioning as HMC’s global export hub for compact cars. Apart from expansion of production capacity, HMIL plans to expand its dealer network, which will be increased from 230 to 300 this year.
The year 2007 has been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 500,000th export car. Hyundai exports to over 90 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. The year just ended also saw Hyundai Motor India attaining other milestones with the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai’s new model i10 which made its global debut here in India in October, 2007 made a clean sweep of all the ‘Car of the Year 2008’ awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 is also the choice of the discerning automotive media of the country as they conferred the prestigious ‘Indian Car of the Year’ (ICOTY) award to the i10 as well. The i10 bagged these awards on the basis of excellence in build quality, handling, driver comfort, safety and ride quality. The Santro and the Accent also received the ‘TNS Voice of the Customer - 2008’ award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent).
Last year, the Hyundai Verna bagged some of the most prestigious awards starting with the title of "Car of the Year 2007" by India`s leading automotive publication – Overdrive, the “Best Mid-size Car of the Year” award by the NDTV Profit Car & Bike India Awards 2007, the “Best Value for Money Car” by the CNBC Autocar Auto awards and ‘Performance Car of the Year 2007’ from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and have always been winning awards. Our models like Sonata Embera won the ‘Executive Car of The Year 2006’ award from Business Standard Motoring Magazine and NDTV Profit Car & Bike India declared the Tucson as the ‘SUV of The Year 2006’. Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices
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