You are here : Hyundai registers a strong 51.1% growth in May, 2008
02-Jun,2008New Delhi, June 2, 2008: Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter, today announced a whopping 51.1% growth in cumulative sales for the month of May, 2008.
HMIL’s total sales for the month of May ‘08 stood at 40,261 units. While the domestic market accounted for 24,510 units, exports registered sales of 15,751 units in May, 2008. Compared to May 2008, the cumulative sales for May, 2007 had been 26,648 units with the domestic sales at 16,643 units and exports had totalled 10,005 units. This translates into a growth of 47.3% in the domestic market and 57.4% increase in overseas sales. The cumulative sales for the month of May, 2008 as compared to May, 2007 has grown by a whopping 51.1%.
Commenting on HMIL’s May, 2008 performance, Arvind Saxena, Sr. Vice President, Marketing & Sales said, “In spite of slowdown in the industry due to higher interest rates, HMIL has been able to emerge with very strong figures primarily because of a very dominant presence in the compact segment where both our offerings Santro and the i10 are becoming the segment leaders. The i10 has done phenomenally well, we have sold around 50,000 units in the first 5 months of the CY 2008.”
HMI is present across the segments, in addition to the growth witnessed in the compact segment, the growth in the mid-size segment sales have grown over 17 % in May, 2008 compared to the same month last year. The sales for the month are 3,209 units compared to 2,739 units in May ‘07. Comparing the sales for May and April, 2008, the growth in the mid-size segment has been over 20% with April ’08 sales standing at 2,668 units.
The segment-wise cumulative sales in the month of May, 2008 are as follows: A2 Segment (Santro, i10 & Getz): 34,328 units; A3 Segment (Accent & Verna): 5,874 units; A4 Segment (Elantra):14 units, A5 Segment (Sonata Embera): 41units; and SUV Segment (Tucson): 4 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 400,000th 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). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.
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.
HMIL’s total sales for the month of May ‘08 stood at 40,261 units. While the domestic market accounted for 24,510 units, exports registered sales of 15,751 units in May, 2008. Compared to May 2008, the cumulative sales for May, 2007 had been 26,648 units with the domestic sales at 16,643 units and exports had totalled 10,005 units. This translates into a growth of 47.3% in the domestic market and 57.4% increase in overseas sales. The cumulative sales for the month of May, 2008 as compared to May, 2007 has grown by a whopping 51.1%.
Commenting on HMIL’s May, 2008 performance, Arvind Saxena, Sr. Vice President, Marketing & Sales said, “In spite of slowdown in the industry due to higher interest rates, HMIL has been able to emerge with very strong figures primarily because of a very dominant presence in the compact segment where both our offerings Santro and the i10 are becoming the segment leaders. The i10 has done phenomenally well, we have sold around 50,000 units in the first 5 months of the CY 2008.”
HMI is present across the segments, in addition to the growth witnessed in the compact segment, the growth in the mid-size segment sales have grown over 17 % in May, 2008 compared to the same month last year. The sales for the month are 3,209 units compared to 2,739 units in May ‘07. Comparing the sales for May and April, 2008, the growth in the mid-size segment has been over 20% with April ’08 sales standing at 2,668 units.
The segment-wise cumulative sales in the month of May, 2008 are as follows: A2 Segment (Santro, i10 & Getz): 34,328 units; A3 Segment (Accent & Verna): 5,874 units; A4 Segment (Elantra):14 units, A5 Segment (Sonata Embera): 41units; and SUV Segment (Tucson): 4 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 400,000th 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). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.
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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