Please Tell Us Your City

Knowing your city will help us provide relevant content to you.

Sorry! No matching results found. Try again.Error Identifying Your Location.

Log in to CarWale

Please enter your password
Forgot password?
Please enter your registered email

Or Login with

Sign in with facebook
Sign In with google

Sign up to CarWale

Please enter your name
Please enter your mobile number
Please enter your password
Please enter your password

Hyundai registers 12.7 per cent growth in domestic sales

August 01, 2014, 04:18 PM IST by Ranjan R. Bhat
Hyundai registers 12.7 per cent growth in domestic sales

Hyundai Motor India Limited (HMIL) has announced that the domestic sales figures of the company grew by 12.7 per cent in July 2014 as compared to the corresponding period in 2013. Strong sales have helped Hyundai grab a 23 per cent share of the Indian car market and retain its position as the country’s second largest car manufacturer.

While sales of the Verna have been hit hard because of the new Honda City, the recently launched Xcent has helped the Korean manufacturer boost its sales figures considerably. The company sold 29,260 vehicles in the last month as compared to 25,965 units it managed in July 2013.

Hyundai is India’s leading passenger cars exporter and currently ships off cars to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. However, the export numbers of the company fell by a substantial 17.5 per cent which might be because of the pause in the production of the i20 hatchback. The production of the i20 was stopped a while ago as the model will be replaced by a new ‘Elite i20’ which will be launched in India on August 11.  

Commenting on the growth, Rakesh Srivastava, Sr. VP, sales and marketing, HMIL said, “Hyundai volumes are 29,260 units with growth of 12.7 per cent over last year and 13.3 per cent cumulative growth. The demand pull created by the successful product launches and strong channel spread has brought down the discounts and the green shoots of growth are visible with the stabilization of macro-economic factors and near to average monsoons.”

Tags:Hyundai,Xcent,Hyundai Xcent
Show CommentsHide Comments
  • Upcoming Cars

Hyundai VenueHyundai Venue

21st May 2019

8L - ₹ 10L
BMW New X5BMW New X5

May 2019

70L - ₹ 90L
Mahindra TUV300 FaceliftMahindra TUV300 Facelift

May 2019

8L - ₹ 12L
Mercedes-Benz GLE NewMercedes-Benz GLE New

May 2019

65L - ₹ 80L
Toyota GlanzaToyota Glanza

Jun 2019

6L - ₹ 9L
All Upcoming Cars
Ask the experts1800 2090 230Mon-Fri (8 AM - 9 PM)
Sat (9 AM - 5:30 PM)
Sun (9 AM - 7 PM)
Toll free

Select your city to avail offers

Currently available only in