Hyundai domestic sales up 11%

Hyundai Motor India Ltd (HMIL), the country’s second largest car manufacturer and the largest passenger car exporter has recorded a 10.9% jump in domestic sales in a difficult market. Exports have climbed 69.8% taking aggregate growth for the month to 28.1%. HMIL’s domestic sales for the month were 35,000 units against 31,540 units in November last year; exports were 22,080 units against 13,000 units in the corresponding month last year.

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HMIL’s aggregate sales for the month were 57,080 units against 44,540 units in November 2010. Commenting on the November 2011 sales, Arvind Saxena, Director Marketing and Sales, HMIL said, “In a challenging market we have been able to grow volumes and market share on the strength of our new launches -- Verna and Eon. Our immediate outlook on the market is not too bright as interest rates and fuel prices are unlikely to soften in the forseeable future.”

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The segment-wise cumulative sales for November 2011 are: A2 segment 48,732 units (Hyundai Eon, Hyundai Santro, Hyundai i10, Hyundai i20); A3 Segment 8,223 units (Hyundai Accent and Hyundai Verna); A5 segment 3 units (Hyundai Sonata Transform); Hyundai Santa Fe (SUV) 122 units.

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