Hyundai grows while Toyota shrinks in December sales

Hyundai Motor India Ltd (HMIL) registered cumulative sales of 49,069 units for the month of December 2013. The domestic sales accounted for 28,345 units with a growth of 6.2 percentand Exports stood at 20,724 units. While Toyota Kirloskar Motor (TKM) registered total sales of 12,622 units in Dec 2013  compared to 14,378 units in Dec 2012. The company exported 1,974 units of  Etios series last month.

In the domestic market TKM sold 10,648 units in Dec 2013 as compared to 12,071 units in Dec 2012.

Mr. Sandeep Singh, Deputy Managing Director and Chief Operating Officer, Marketing and Commercial said “ The market sentiments do not seem to be improving. In the last few months we have made our best efforts to control inventory both at TKM and at our dealers end.We thank our customers for their support and look forward to serving  them with Toyota's quality services . Toyota wishes all its customers a happy and prosperous new year."

Commenting on the sales Mr. Rakesh Srivastava, Sr VP- Sales & Marketing, HMIL said, “Year 2013 was very challenging and rewarding. With December retails of 45,911 units, Hyundai achieved its Annual Business Plan and highest Market Share since inception. Manufacturing operated at 99 percent capacity utilization and had the fastest 5 Million rollout in India.

“2013 had the most challenging market scenario; Hyundai improved the Channels efficiencies, launched new model Grand on new global platform, made strong initiatives in Rural & Exchange sales to increase its market share to highest level since inception and achieved the Annual Business Plan. In 2014, Hyundai will launch many new products and new initiatives to build further on this positive momentum" he added.