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.  

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.

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.