- Crosses 50,000 units in a month for the first time- Domestic sales strong; registers 25% YOY growthNew Delhi, October 1, 2009: Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter for the first time since 1998 when the Santro rolled out saw cumulative sales peak at a record 53,804 units in September, 2009. After months of slowdown the domestic market buoyed by the strong festive season sales recorded a high growth rate of 25% after months of fluctuating sales. The overseas sales grew at a modest 9% as the export market slowed down with the scrappage incentive coming to an end in most European markets.
HMIL’s total sales for September, 2009 stood at 53,804 units against 46,218 units in September, 2008. The domestic sales accounted for 27,803 units as against 22,311 units in September, 2008 while the overseas sales grew from 23,907 units last September to 26,001 units in September, 2009.
Commenting on September, 2009 sales Arvind Saxena, Sr. Vice President - Marketing and Sales, HMIL said, “The sales for the month of September were promising as we not only recorded the highest figures in our 11 years of operations but also this year the festive season has been encouraging as customers returned to the showroom. We hope that this will be the turning point for the automotive industry and if sales remain strong during the coming Diwali then we can look at double digit growth figures for the current year”.
The segment-wise cumulative sales in the month of September, 2009 are as follows: A2 Segment (Santro, i10, Getz & i20) 49,482 units; A3 Segment (Accent & Verna) 4,269 units; A5 Segment (Sonata Transform) 52 units; and SUV Segment (Tucson) 1 unit.
About HMILHyundai Motor India Limited (HMIL) is a wholly owned subsidiary of Hyundai Motor Company, South Korea and is the second largest car manufacturer and the largest passenger car exporter from India. HMIL presently markets 54 variants of passenger cars across segments. The Santro in the B segment, the Getz Prime, i10 and the Premium hatchback i20 in the B+ segment, the Accent and the Verna in the C segment, the Sonata in the E segment and the Tucson in the SUV segment.
Hyundai Motor India, continuing its tradition of being the fastest growing passenger car manufacturer, registering total sales of 489,328 vehicles in the calendar year (CY) 2008, an increase of 49.6 percent over CY 2007. In the domestic market it clocked a growth of 22.4 percent as compared to 2007 with 245,397 units, while overseas sales grew by 92.5 percent, with exports of 243,931 units.
HMIL`s fully integrated state-of-the-art manufacturing plant near Chennai boasts of the most advanced production, quality and testing capabilities in the country. In continuation of its commitment to provide the Indian customer with global technology, HMIL commissioned its second plant in February 2008 which produces an additional 300,000 units per annum, raising HMIL`s total production capacity to 600,000 units per annum.
HMIL has invested to expand capacity in line with its positioning as HMC`s global export hub for compact cars. Apart from the expansion of production capacity, HMIL currently has 268 strong dealer network across India, which will be further bolstered in 2009.
In 2008, HMIL also successfully completed 10 glorious years of operations in India and to commemorate its achievements, initiated a unique trans-continental drive from Delhi to Paris in two of its hugely popular i10 Kappa cars. The drive created automobile history by completing a distance of 10,000km in just 17 days after which the i10s were showcased at the Paris Motor Show in October. In fact it was at the Paris Motor Show that HMIL first unveiled the Hyundai i20 and the car received a phenomenal response from the auto enthusiasts across the world. Hyundai Motor India also accomplished the landmark of producing the fastest 20th lakh cars in India in 2008.
Like 2008, the year 2007 had also been a significant year for Hyundai Motor India. It achieved a significant milestone by rolling out the fastest 400,000th export car. Hyundai exported to over 100 countries globally; even as it plans to continue its thrust in existing export markets, it is gearing up to step up its foray into new markets. 2007 also saw the launch of the i10 and yet another path-breaking record in its young journey by rolling out the fastest 1,500,000th car.
Hyundai`s new model i10 made a clean sweep of all the `Car of the Year 2008` awards from the leading automotive magazines and TV channels like BS Motoring, CNBC-TV18 AutoCar, NDTV Profit Car & Bike India and Overdrive magazine. The i10 was also the choice of the discerning automotive media of the country as they conferred the prestigious `Indian Car of the Year` (ICOTY) award to the i10 as well.
The Santro and the Accent also received the `TNS Voice of the Customer - 2008` award for the Premium Compact Car (Santro) and the Entry Mid size Car (Accent). In March 2008 it achieved yet another milestone by rolling out the fastest 500,000th export car.
In 2007, the Hyundai Verna had also bagged some of the most prestigious awards starting with the Overdrive magazine`s `Car of the Year 2007`, the `Best Mid-size Car of the Year` award from NDTV Profit Car & Bike India, the `Best Value for Money Car` from CNBC Autocar and `Performance Car of the Year` from Business Standard Motoring.
Hyundai cars have been a favorite at all awards ceremonies and has won many awards. The Sonata Embera won the `Executive Car of The Year 2006` award from Business Standard Motoring magazine and NDTV Profit Car & Bike India had declared the Tucson as the `SUV of The Year 2006`.
Not only this, HMIL has also been awarded the benchmark ISO 14001 certification for its sustainable environment management practices.
Corporate website: www.hyundai.co.inFor further information contact:
VAnand
Hyundai Motor India Ltd.
email: anandv@hmil.net
Shekhar Das Chowdhury
Hyundai Motor India Ltd.
email: shekhar.dc@hmil.net
Aparna Srivastava
IPAN
email: aparna.srivastava@ipan.com