Hyundai Records 4.7% Growth in 2012, Sales Down by 9.6% in December

Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter recorded a 4.7% jump in domestic sales, 3.1% in Exports and the Cumulative sales stood at 4.1% in calendar year (CY) Jan-Dec 2012. Domestic sales in December 2012 were 26,697 units against 29,516 units in the corresponding month last year. Aggregate sales were 47,833 units against 49,050 units last year. Exports were 21,136 units in the month against 19,534.

Hyundai operates on January- December as business year. Commenting on the year-end sales Mr. Rakesh Srivastava, VP- Sales & Marketing, HMIL said, “In the year 2012, in difficult market conditions, we refreshed i20, launched Sonata and Elantra which resulted in strong volumes and consolidated our leadership position. The marketing initiatives in the rural market, corporate sales and focused efforts on exchange sales through Hyundai Advantage helped increase sales of petrol variants. This strong sales was led by Eon and i10. The increased production capacity of diesel vehicles with strong price value equations gave a higher than industry growth in diesel models. Overall we were able to improve on volumes while maintaining market share in passenger cars.”

For the full calendar year (CY) 2012 HMIL recorded domestic sales of 391,276 units, an increase of 4.7% over 373,709 units last year. Cumulative sales for the year were at 641,281 units against 616,140 units, an increase of 4.1%. Exports for the year were at 250,005 units against 242,431 units last year.

The segment-wise cumulative sales for December 2012 are: A2 segment 41,069 units (Eon, Santro, i10, i20); A3 Segment 6,270 units (Accent and Verna); A4 segment 428 (Elantra), A5 segment 20 units (Sonata); Santa Fe (SUV) 46 units.