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Hyundai's domestic sales increase by 12.9 per cent in July 2016

August 01, 2016, 03:25 PM IST by Ninad Ambre
Hyundai's domestic sales increase by 12.9 per cent in July 2016

Hyundai Motor India Ltd (HMIL) sold 41,201 cars in India in July 2016, registering a hike of 12.9 per cent in sales. The company had sold 36,503 units of cars in the same month last year.

Apart from this boost, the manufacturer also exported 14,606 vehicles in July 2016. In comparison to the corresponding month in 2015, carmaker had sold 13,908 units showing an increase of five per cent in sales. In all, Hyundai's cumulative sales sum up to 55,807 units last month as against 50,411 units they sold in the same period last year showing a hike of 10.7 per cent.

Rakesh Srivastava, Senior Vice President, Sales and Marketing, HMIL, said, "Hyundai continues to sustain strong growth trajectory, volume of 41,201 units with growth of 12.9 per cent on the strength of strong pull performance of Grand i10, Elite i20 and Creta in a market showing improved customer sentiments led by good monsoons, low inflation, reduced interest rates and dropping fuel prices."

Hyundai's domestic sales show a double-digit growth owing to their strong product line-up. The latest Creta SUV has tasted a fair bit of success ever since it was launched in July last year and continues to pull up sales numbers for HMIL. The Korean manufacturer will soon launch the new Elantra that will replace the current sedan sold in the Indian market. We can expect it to be launched by the end of this month.

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