Hyundai registers 8.3 per cent growth in June 2015

Hyundai Motor India Limited (HMIL) has announced that the domestic sales figures of the company grew by 8.3 per cent in June 2015 as compared to the corresponding period in 2014. Strong sales have helped Hyundai retain its position as the country’s second largest car manufacturer, as well as the top exporter of passenger vehicles.

While sales of the Verna have been hit hard because of the new Honda City and the Maruti Suzuki Ciaz, the Xcent and Elite i20 have helped the Korean manufacturer boost its sales figures by a considerable margin. The company sold 36,300 vehicles in the last month as compared to 33,514 units it managed in June 2014. Hyundai currently exports cars to around 120 countries across EU, Africa, Middle East, Latin America, Australia and the Asia Pacific. However, the export numbers of the company fell by a substantial 7.3 per cent, as the company shipped off 15,762 cars to its global markets. Nevertheless, the Korean manufacturer registered an overall growth of 3.1 per cent in June 2015 owing to the strong performance in the domestic market. 

Commenting on the sales numbers, Mr. Rakesh Srivastava, Sr. VP, sales and marketing, HMIL said, " In a market bearing low traction consistent demand of Elite i20, Grand, Xcent- Hyundai volume grew by 8.3% and with the upcoming launch of Global SUV Creta, we are confident of sustained growth."