Hyundai starts year with exciting sales figures

Hyundai India, country's largest car exporter and second largest car manufacturer has started year 2010 with exciting sales figures. The company has registered a high sales growth in both domestic as well as overseas market. Where the domestic sales for January 2010 has jumped 40.8%, the exports of the company is increased by 42.6% in January this year, as compared to the same period last year.

Total sales of Hyundai India jumped by 41.6% to 52,635 units last month as compared to 37,171 units in January, 2009. Company sold 29,601 units of its vehicles in domestic market last month as compared to 21,016 units in the same period of 2009. On the other hand in overseas market Hyundai India sold 23,034 units in January, 2010 as compared to 16,155 units in January, 2009.

Arvind Saxena, Director, Marketing and Sales, HMIL India, said in a statement that the company has started the year on a good note and it hopes that the momentum of high growth will remain in coming months with the help of government's stimulus package.

If we take a look at the segment-wise growth of the Hyundai India, the A2 segment of cars of Hyundai India which includes Hyundai Santro, Hyundai i10, Hyundai i20 and Hyundai Getz, has accounted for 47,104 units of sales. At the same time A3 segment of cars of the company including Hyundai Accent and Hyundai Verna has accounted for 5,502 units. While Hyundai Sonata Transform which is an A5 segment car accounted for sales of 29 units, the company has been failed so far to sell a single unit of its SUV Hyundai Tuscon.

Competition for Hyundai India is going to be very tough in coming months as many major car manufacturers launching their new cars in India including Volkswagen Polo, Skoda Yeti, Toyota Etios, Toyota Prius and Tata Aria.