home > Hyundai Motor > news   Hyundai Motor India Ltd ends year on a high Domestic sales close with 42.6% Cumulative grows by 22.6%   1 Jan 2010 , New Delhi : Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter ended the year on a high note with domestic sales growing by a healthy 42.6% while exports grew by 9%. Cumulative growth stood at 22.6% for the month ending December, 2009. HMIL’s total sales for December, 2009 stood at 47,217 units as against 38,502 units in December, 2008 registering 22.6% cumulative growth. The domestic sales growth accounted for 22,252 units as against 15,602 units in December, 2008 while the exports grew from 22,900 units in December, 2008 to 24,965 units in December, 2009. In calendar year 2009 (Jan – Dec) HMIL grew by 14.4% cumulatively registering total sales of 559,880 units as against 489,343 units of 2008 with domestic sales jumping by 18.1% over 2008. Domestic sales accounted for 289,863 units in 2009 as against 245,397 in the year 2008. Overseas sales accounted for 270,017 units as against 243,946 units in 2008 which reflects in a growth of 10.7% for the entire year. Commenting on HMIL’s performance Arvind Saxena, Director - Marketing and Sales, HMIL commented, “With the overall economic scenario improving the Indian automotive market seems to have stabilized but we must thank the Indian government for the timely intervention last year. The stimulus package certainly helped the automotive industry and we hope the government will continue with this at least for some more time. For HMIL particularly introduction of new products like the i20 helped as in the last few months it has become an important contributor to our sales.” The segment-wise cumulative sales in the month of December, 2009 are as follows: A2 Segment (Santro, i10, Getz & i20) 44,129 units; A3 Segment (Accent & Verna) 3,068 units; A5 Segment (Sonata Transform) 20 units; and SUV Segment (Tucson) 0 unit. About HMIL Hyundai 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 271 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.   home > Hyundai Motor > news     Legal Policy | Copyright © 2005-2006 The Information Company Private Limited. All rights reserved.