Hyundai sales up by 2.4 percent in February 2015

Hyundai Motor India Ltd (HMIL) today announced its sales results for February 2015. With a cumulative (domestic + exports) sale of 47,612 units, the South Korean car manufacturer registered a 2.4 per cent year-on-year growth during the month, as compared to February 2014’s 46505 units.

Published On Mar 02, 2015 17:44 IST

Published OnMar 02, 2015 17:30 IST

Last Updated OnMar 02, 2015 17:44 IST

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In the domestic market, HMIL sold 37,305 units last month, as against 34,005 units in the same month last year, up 9.7 percent. While the company’s exports declined by 17.5 percent to 10,307 units as against 12,500 units in February last year.

HMIL sales	Feb 2014	Feb 2015	(%)
Domestic	34,005	37,305	9.7
Exports	12,500	10,307	-17.5
Cumulative	46,505	47,612	2.4

Commenting on the February sales Mr. Rakesh Srivastava, Sr. VP- Sales and Marketing, HMIL said, “Hyundai volumes of 37,305 units registered a growth of 9.7% over last year on the strength of strong performance of Elite i20 with 10,264 units. The growth in additional & repeat buyers is higher than that of first time buyers. Reduction in interest rates could bring in the thrust to break the threshold of low growth & initiate the double digit growth."

Interestingly, the most recent addition in the HMIL’s product portfolio, the Elite i20, once again topped the sales chart and emerged as the bestselling model at 10,264 units. Also, the company is set to launch the crossover version of the same, the i20 ‘Active’ on the coming 17th.

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<p><span>While growing up, anything on wheels fascinated Akshit. Since then he turned into a Wheel-O-Addict and automobiles became the love of his life. His zeal to explore more about wheels, pushed him to pursue Automobile Engineering, which certainly helps in adding more technicalities to his over-all passion. He began working as an automobile journalist- the field that allows him to explore both two-wheeler and four-wheeler market existing in India and form a substantial perception about them. A true Punjabi by heart, jolly by nature and a food buff; Akshit believes in spreading happiness around and make every possible one smile.</span></p>Read more