Hyundai Motor India Ltd. (HMIL) recorded a 5.9% jump in its August domestic sales. The Korean carmaker, which is currently country’s second leading car manufacturer and the largest exporter of passenger car exporter, sold 28257 units compared to 26677 units sold in August last year.
Elated over the hike, Mr Rakesh Srivastava, Vice President, National Sales, HMIL commented, “The market continued to be sluggish but Hyundai domestic sales have grown due to increased preference of diesel vehicles and niche consumer focused promotions. The launch of neo Elantra also enhanced and strengthened the sales performance in premium segment. However, the overall market demand is suppressed due to general inflationary trend, high fuel prices and interest rates. Unless any major triggers get activated, market sentiment is not expected to improve very much.”
The cumulative sales for August 2012 are: A2 segment 40049 units (Eon, Santro, i10, i20); A3 Segment 6145 units (Accent and Verna); A4 Segment 608 (Elantra) ; A5 segment 19 units (Sonata); SUV 65 units (Santa Fe).