Hyundai Motor India, the second largest car manufacturer of India has reported an increase in sales of its domestic passenger cars. Hyundai has reported that it has sold over 23,193 passenger cars in India while it had just sold 15,066 units in July last year, an increase of 53.94%.
The ever-growing sales of the Hyundai, which also includes the exports of the company, have also increased by 25.98%, when the company sold 45,543 units during this July compared to a 36,152 units in July 2008. The company exported over 22,350 units during July 2009, where as it has sold only 21,086 units same month last year marking a rise of 5.99% this year.
"HMIL registered a steady growth rate in the month of July and it seems the market is stabilizing at this point. Strong demand for its latest models i20 has helped HMIL in maintaining its share in the domestic market," said Arvind Saxena, HMIL senior vice-president (marketing and sales).
"In the coming months, we hope to see both the export and the domestic market picking up, especially with the festival season starting next month," Saxena said.