Hyundai cuts down on exports, increases sales in Domestic market

Hyundai Motor India Ltd continued to grow at 5.3 % in the month of February, 2011. HMIL’s total sales for February, 2011 stood at 52,007 units as against 54,610 units in February, 2010 registering a decline of 4.8%. The domestic sales accounted for 32,629 units as against 31,001 units in February, 2010 while the exports dipped by 17.9% from 23,609 units in February, 2010 to 19,378 units in February, 2011.

With their steady growth as regards domestic sales, the company has cut down on their exports drastically as they feel that the domestic market has a lot to offer. With the Hyundai WIA in place in Tamil Nadu, we look forward to a lot more cars from the Hyundai stable.